IRVINE, Calif., (July 10, 2024) – First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced the establishment of a $65,000,000 capex facility to fund the rolling stock acquisition needs of a national transportation company.
The transportation company sought to modernize its fleet to enhance market competitiveness and provide customers with a contemporary, reliable, technology-enabled transportation experience. FNCC’s flexible financing solution aims to reduce costs while offering the option to purchase, return, or continue renting vehicles beyond the initial 5-year period.
Keith Duggan, CEO of FNCC, remarked, “Assisting a renowned brand in positioning itself for growth with a truly flexible capital solution exemplifies our commitment to facilitating transactions while traditional lenders are scaling back. Through a covenant-lite structure, we delivered scalable access to capital that complements senior lenders in the bank group, successfully executed with a foreign parent.”
Across a wide variety of industries and asset classes, First National Capital helps mid-sized and large companies with competitive equipment financing across an extensive variety of business and credit situations. FNCC has deployed more than $4B in capital to companies throughout the U.S. for equipment, project, and aviation financing. For more information, please visit the First National Capital Corporation website at www.firstncc.com
