Garrington Capital provides two borrowers with additional capital to execute their growth plans.

Garrington Capital, a leading provider of capital solutions to middle-market companies in the United States and Canada, is pleased to announce its equipment division, known as Garrington Equipment Finance (GEF), has provided an increase to two of its existing equipment loans:

• The first loan is to a Texas-based equipment rental business. GEF twice increased the loan by a total of $3.5 Million up to $10.9 Million. The proceeds were used to acquire additional equipment with previously identified lessees.
• The second loan is to a West Virginia-based coal mine operator. GEF increased the initial $2.5 Million funding by $1.4mm for a total of $3.9 Million. The proceeds were used to finance the purchase of additional earth moving equipment.

In each case, the borrower requested additional funding for its growth plans.