Post Road closes $15M loan to transportation firm
Firm will use funds to expand fleet, support long-term contracts
Post Road Equipment Finance has finalized a deal to provide a $15 million loan facility to an undisclosed transportation company serving aviation, railway and transit sectors.
The financing will help the company expand its fleet to meet the needs of new contracts, according to a release today by Wesport, Conn.-based Post Road. The funds are also expected to help the fleet operator maintain on-time deliveries and sustain growth across its core markets.
“This $15 million facility empowers our client to acquire essential capital equipment through 2025 and beyond,” Andrew Larson, managing director at Post Road, stated in the release. “We are dedicated to fueling businesses that bolster the U.S. supply chain.”
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