$39,000,000 Funded
Aged Equipment
Out-of-favor Industry
As an energy provider, this company serves the vital power and transmission needs of customers located nationally and internationally. In addition to supplying much-needed energy, this company is committed to developing the economic, financial, and cultural well-being of its local community – providing thousands of jobs to its residents, investing in the production of its resources, and supporting several local benefit initiatives.
The customer faced an array of challenges coming into this transaction – the desired equipment was aged and they specialized in an out-of-favor industry. As the search for financing wore on, their hope of getting the necessary equipment began to wane. Despite the complexities of this transaction, Onset provided 100% financing on the equipment, something even the customer did not expect to be possible. Thanks to crucial funding relationships and a team committed to helping this customer, Onset funded using a creative structure that uniquely suited the customer’s needs. The attainment of this equipment has enabled the energy provider to begin implementing its growth strategies.
Everyone from our Documentation team and Credit team, to our funding partners was more than willing to go the extra mile to ensure that our customer’s needs were met and expectations were exceeded.
