Mazzotta Rentals has secured a $160 million asset-based loan credit facility to support the rental house’s growth and fleet expansion.
The financing includes a $120 million revolving line of credit, a $5 million term loan, and a $35 million accordion feature for future growth, with M&T Bank serving as lead arranger and administrative agent, according to an April 9 Mazzotta Rentals release. The new facility refinances existing debt and will support the company’s strategic growth plans, including expanding its equipment fleet and regional footprint across the Northeast.
Middletown, Conn.-based Mazzotta Rentals serves construction, industrial, and infrastructure customers in Connecticut, Massachusetts, New York, Rhode Island, Vermont, New Hampshire, and Maine. Mazzotta Rentals is a leading equipment rental provider known for its customer-first approach and diverse fleet offerings, supporting projects of all sizes across the Northeast.
Backed by a consortium of financial institutions, the financing reflects strong confidence in the company’s performance and leadership, according to the release. The additional capital positions the company to pursue new market opportunities while maintaining financial flexibility.
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