Post Road Equipment Finance increased its non-recourse senior warehouse facility from $550 million to $700 million through the addition of Wells Fargo as a new lender.
Bank of America is the administrative agent and the lead lender for the facility, which now has four lenders. Post Road Equipment Finance also recently extended the facility’s revolving commitment period to August 2025.
“We are very pleased to have Wells Fargo Bank join our warehouse facility,” Tom Davidson, executive vice president and CFO of Post Road Equipment Finance, said. “The experience, strength, capacity and reputation that Wells Fargo brings to the table are all tremendous assets to PREF and will help us to further scale our business while expanding our bank relationships. In addition, we are delighted that all of our existing lenders have elected to extend their commitments to Post Road.”
