Recent Transactions

Utica provided a $300,000 capital lease to a current customer operating within the oil field services industry. Within three days of their initial request, Utica helped the Company unlock the value of their machinery and equipment giving them additional working capital to run and grow their business. This brings their total funding to date to over $8,000,000.

A transport company located in Southern California needed working capital to expand and grow operations. Utica responded with a $200,000 capital lease secured by their cargo vans, giving the Company the additional working capital they needed to run their business.

Utica provided a $12,000,000 capital lease to a multi-location oil field services company located in Texas. Utica worked extensively with the restructuring firm to payoff existing lenders and provide needed working capital. The customer expressed great gratitude for Utica’s in-house counsel’s dedication in navigating through the complexities of the deal. Utica also worked closely with both the new accounts receivable lender and the sub-debt provider to achieve a global solution. Utica provided the financing based on collateral, not credit.

A coal mining company located in West Virginia wanted to acquire another company to expand operations and grow the company. Utica responded with a $10.6 million capital lease secured by their machinery and equipment. The additional working capital will also allow the Company to take on additional customers and meet the demand of the industry.