NORTH MILL UPSIZES INVESTMENT GRADE BOND ISSUANCE TO $25 MILLION

DATE: March 8, 2021 – FOR IMMEDIATE RELEASE

CONTACT: Don Cosenza, SVP, Chief Marketing Officer
PHONE: (203) 354-1710
EMAIL: dcosenza@nmef.com

March 8, 2021, NORWALK, CT – North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in Norwalk, Connecticut, announced today the upsizing of its existing investment-grade rated corporate notes to $25 million. The company intends to use the net proceeds from the transaction for working capital and general corporate purposes to support additional growth.

“Through our expertise in providing a comprehensive portfolio of lending solutions tailored to small- and mid-sized enterprises, North Mill achieved an exceptional year of growth, despite economic uncertainty of the past year,” stated Pier Snider, Chief Financial Officer of North Mill. “This additional capital is a strong endorsement from the institutional investor community and will allow us to provide our clients the capital they need to accelerate their growth as the economy reopens.”

Brean Capital, LLC served as the company’s Exclusive Advisor and Placement Agent in connection with this transaction.

About North Mill Equipment Finance
Headquartered in Norwalk, Connecticut, North Mill Equipment Finance originates and services small-ticket equipment leases and loans, ranging from $15,000 to $300,000 in value. A broker-centric private lender, the company handles A – C credit qualities and finances transactions for numerous asset categories including construction, transportation, vocational, health care, manufacturing, printing, and material handling equipment. North Mill is majority owned by an affiliate of Wafra Capital Partners, Inc. (WCP). For more information, visit www.nmef.com.