Clarus Capital, bank partner issue $40M equipment lease facility
Funds will support construction at beverage co-packer's new facility
Clarus Capital has partnered with an undisclosed major U.S. bank to provide a $40 million equipment lease facility for a sponsor-backed contract beverage co-packer.
The financing will support the co-packer’s yearlong build-out of a beverage filling line at its new facility, which is under construction and backed by multi-year volume commitments from customers, according to a release today by Boston, Mass.-based Clarus Capital.
“This project is reflective of the client’s vision of developing a best-in-class, technologically advanced operation not currently offered by legacy infrastructure,” Clarus Chief Executive Steve O’Leary stated in the release.
With balance sheet capacity of up to $100 million per investment, Clarus supports new asset purchases, strategic initiatives and liquidity-driven sale-leasebacks across a wide range of equipment types and industries, according to the release.
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