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Press Media Wire (Press Release) - Dec 15,2009 - PressMediaWire - Draper, Utah, December 14th—Mazuma Capital, a leading national
direct lender, announced today it has funded $7 million for a global precious
metals producer. Lease proceeds have been used for both above- and below-ground
equipment. The transaction contained characteristics
representing multiple stumbling blocks for most lessors including: a US
subsidiary of a foreign parent who would not act as guarantor; a partial sale-leaseback:
a challenging industry; equipment exposed to catastrophic losses; off-balance
sheet recordation; and a credit rating reflective of our recessionary economy. Companies seeking financing in these
circumstances must find lessors who can structure transactions yielding the
desired liquidity and timeliness while mitigating the risk of loss. Progressive
companies have come to trust in Mazuma Capital for this critical craft. “We structured their transaction
favorably and secured a competitive rate, but the factors that led to
commencement of the transaction were personal. After meeting us and
understanding the challenges, it confirmed their belief we were working within
the constraints of the transaction and the economy to secure the most
attractive deal possible," said Matt Burrows executive vice president of
sales for Mazuma Capital. About Mazuma: Mazuma
Capital is committed to our client’s success. Our unique capabilities and
innovative product offerings provide solutions accelerating financial growth.
Servicing both rising companies and established businesses, Mazuma continues to
secure its position as the middle-market industry leader. We build long-term
relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance
and subscribes to the ELFA Code of Ethics. For additional information on Mazuma Capital Corp., contact Michael Smith or visit http://www.mazumacapital.com/. - END -
Contact Information:
Mazuma Capital Corp
Michael Smith
Phone: 801-816-0800 Ext:
Website
Email Us
Press Release Keywords:
Leasing,mining,Financing,lease,metals |
