Quality Leasing announced 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.
“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,” said Paul Fogle, Quality Leasing’s general manager. “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,” 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.”
Indianapolis, IN-based Quality Leasing is a family owned, independent equipment financing company. The company has a primary focus on commercial titled equipment, but also leases business essential equipment, manufacturing machinery, medical equipment, construction equipment and automobile fleets.
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