Boston-based equipment lender Clarus Capital has closed a $10 million equipment loan facility for a sponsor-backed industrial recycling company, the firm announced in a release today.
The financing will provide immediate liquidity for recently acquired production assets, with additional funds reserved for equipment purchases as part of a nationwide modernization effort.
“Our client plays a key role in reducing hazardous waste by converting widely used durable materials into products with diverse market applications,” Clarus Chief Executive Steve O’Leary stated in the release. “This transaction showcased Clarus’ flexible financing structure while meeting all critical deadlines.”
Clarus Chairman Tim Conway added that the firm remains a preferred partner for sponsor-backed companies seeking to unlock liquidity from essential-use assets.
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