Utica Provided an $11MM Capital Lease for Construction, Trucking, Turf-Farming, and Materials Group

Utica provided an $11 million capital lease to a vertically integrated construction, trucking, turf-farming, and materials group in the mid-Atlantic. Secured by a diversified fleet of heavy equipment, the financing refinances existing debt, consolidates multiple lenders into one facility, and provides added working capital. The transaction is expected to reduce annual debt service, improve liquidity, and support ongoing operations and project execution across the company’s active job sites.

Source: Utica Equipment Finance