Insight
Liberty Commercial Finance Private Placement of US$30M of Unsecured Notes
Insight
Liberty Commercial Finance Private Placement of US$30M of Unsecured Notes
June 22, 2021
Winston & Strawn LLP represented Liberty Commercial Finance in closing a private placement of US$30M aggregate principal amount of senior unsecured rated notes. Piper Sandler served as the sole placement agent for this offering. The notes are unsecured with an interest rate of 6.0% fixed and mature in June 2026. The company expects to use the net proceeds as additional haircut capital for their senior credit facility, allowing them to increase their direct lending capabilities exponentially. Liberty Commercial Finance is a leading independent equipment finance company headquartered in Tustin, California, led by a seasoned team of industry veterans. Since inception in 2017, Liberty has funded over US$800M in equipment finance transactions.