Liberty Commercial Finance closed a private placement of $30 million aggregate principal amount of unsecured notes rated BBB by Egan Jones. Piper Sandler served as the sole placement agent for the offering.
In this newly created role, Mr. Sarago will be responsible for evaluating, structuring and approving client opportunities, as well as have oversight of the portfolio. He will also serve as a member of the Company’s Investment Committee.
This new facility comes shortly after Copley Equity Partners’ previously announced equity investment in Liberty.
Most high growth equipment finance companies have one thing in common: leaders with the vision and drive to achieve great results. Guest Editor Chris Enbom shares the stories of three entrepreneurs who, respectively, led an independent, a captive and a bank affiliate to success in the inaugural Monitor 101+ ranking.
Eric Freeman launched Liberty Commercial Finance in April 2017, and in less than three years the independent finance company was on the receiving end of a minority investment from Copley Equity Partners. Charting the No. 1 new business volume of the 101+ group in 2019, Liberty has established a solid trajectory for growth in the years to come.
Liberty Commercial Finance, a Top 5 Independent Equipment Lease and Finance Provider, Announces Investment from Copley Equity Partners
The investment by Copley, in conjunction with a new senior credit facility, will allow Liberty to significantly add to its direct funding capabilities while continuing to be a leader in syndicated originations.