mazuma capital funds $36m for global medical diagnostics servicing company _ business wire
TRANSCRIPT
July 05, 2016 08:00 AM Eastern Daylight Time
SOUTH JORDAN, Utah(BUSINESS WIRE)Mazuma Capital has completed a $36 million true lease for a globalmedical diagnostics servicing firm. The sale & leaseback transaction, comprised of production equipment and softcosts, was vital for Mazuma’s customer. It allowed them to enhance their cash balance while maintaining strong EBITDA,and capitalize on additional opportunities to grow their business.
“Our client needed to quickly complete this financing to move forward on several critical initiatives,” said Dustin Bond, VPof Sales with Mazuma. “Our swift turnaround and flexible solutions allowed us to craft a structure that could get our clientthe funds they needed to fuel their continued business growth.”
The customer’s Corporate Treasurer added, “We selected Mazuma because of their creativity and commitment to get thedeal done. In reflecting on this experience with Mazuma, we appreciated most their professionalism, attention to detailand transparency through the entire process.”
"The ultimate success of this transaction was a result of the extraordinary collaboration between the customer andMazuma,” said Justin Nielsen, CEO of Mazuma Capital and Onset Financial, Mazuma’s parent company. "We have beenworking for years to build and diversify our industryleading funding relationships. Projects like this are a demonstrationof our unique funding capabilities. This transaction exemplifies how Mazuma can fill customtailored funding needs. It’svery fulfilling for our entire organization to provide our customers with funds that help their businesses grow.”
About Mazuma Capital Corp.
Mazuma Capital, a wholly owned subsidiary of Onset Financial, Inc., is an Equipment Leasing & Financing companyproviding capital and funding options to companies throughout the United States. Mazuma’s experienced leadershipfocuses on matching their clients' financing needs with terms that help businesses fuel growth and achieve goals. Moreinformation can be found by calling 8018160800 or visiting www.mazumacapital.com.
ContactsMazuma Capital Corp. Charlie Sumpter, 8018160800 [email protected] fax: 8018160810 www.mazumacapital.com
Mazuma Capital Funds $36M for Global Medical Diagnostics ServicingCompany
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