Norwalk, CT. – North Mill Equipment Finance, a leading independent commercial equipment lessor, announced the upsizing of its existing investment-grade rated corporate notes to $25 million. The company intends to use the net proceeds from the transaction for working capital and general corporate purposes to support additional growth.
Brean Capital served as North Mill’s Exclusive Advisor and Placement Agent in connection with this transaction.
“Through our expertise in providing a comprehensive portfolio of lending solutions tailored to small- and mid-sized enterprises, North Mill achieved an exceptional year of growth despite economic uncertainty of the past year,” said Pier Snider, Chief Financial Officer of North Mill. “This additional capital is a strong endorsement from the institutional investor community and will allow us to provide our clients the capital they need to accelerate their growth as the economy reopens.”
Headquartered in Norwalk, Connecticut, North Mill Equipment Finance originates and services small-ticket equipment leases and loans, ranging from $15,000 to $300,000 in value. A broker-centric private lender, the company handles A – C credit qualities and finances transactions for numerous asset categories including construction, transportation, vocational, manufacturing, and material handling equipment. North Mill is majority owned by an affiliate of Wafra Capital Partners, Inc. (WCP). For more information, visit www.nmef.com.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.