Quality Leasing Co., Inc. announces the closing of a three‐year, $50 million Senior Secured Credit
Indianapolis, IN April 7, 2016 – Quality Leasing Co., Inc. announces the closing of a three‐year, $50 million Senior Secured Credit facility with DZ BANK AG.
The facility will allow the company to execute its growth plans aimed at the commercial titled and business essential small ticket equipment finance market. Paul Fogle, the company’s General Manager states: “We are very excited to be working with the team at DZ BANK, who come to us with an excellent reputation and has proven to be a terrific partner as we continue to grow our platform. We believe that the DZ BANK facility and bank relationship team will help us continue to leverage our expertise and fortify our standing as a leading provider of lease finance solutions. We have made significant investments in our management and sales teams, infrastructure and vendor and dealer relationship programs, which provides us with unique access to high quality customers and differentiates our company versus other lessors in the markets in which we compete.”
"We are beyond pleased to have established a relationship with Quality Leasing Co. Inc.," said Jayan Krishnan, Deputy Department Head of the Asset Securitization team of DZ BANK AG. "We look forward to supporting Paul and team as they continue to strategically expand their platform and grow their business nationwide."
Established in 1957, Quality Leasing Co., Inc. is a, family owned, independent equipment financing company headquartered in Indianapolis, IN that serves markets nationwide. The company has a primary focus on commercial titled equipment, but also leases business essential equipment, manufacturing machinery, medical, construction and automobile fleets.
DZ BANK AG, through Autobahn Funding Company LLC, provides financing across a wide range of asset classes, including: equipment leasing, structured settlement and lottery receivables, tax liens, legal settlements, insurance commission streams and accounts receivable.