Utica Equipment Finance recently completed two transactions totaling $7.025 million, including:
- An $800,000 capital lease secured by brewing and distillery equipment to a multi-location brewing company that specializes in non-alcoholic beer. Utica provided the capital to increase production capacity and scale up sales and marketing to support the company’s growth trajectory. This company’s products are available in more than 2,500 stores across the United States and it plans to expand into South Korea, Europe, Australia and Canada.
- A $6.225 million capital lease secured by more than 300 titled assets for a hot oil and frac water heating company that holds master service agreements with more than 130 oil and gas producers in five states. Utica provided the company with funds to pay off its existing credit facility, allowing it to take advantage of a $1 million discount.
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