Mazuma Capital funds $36m for global medical diagnostics servicing company
South Jordan, Utah — Mazuma Capital has completed a $36 million true lease for a global medical diagnostics servicing firm. The sale & leaseback transaction, comprised of production equipment and soft costs, 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, VP of Sales with Mazuma. “Our swift turnaround and flexible solutions allowed us to craft a structure that could get our client the 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 the deal done. In reflecting on this experience with Mazuma, we appreciated most their professionalism, attention to detail and transparency through the entire process.”
"The ultimate success of this transaction was a result of the extraordinary collaboration between the customer and Mazuma,” said Justin Nielsen, C.E.O. of Mazuma Capital and Onset Financial, Mazuma’s parent company. "We have been working for years to build and diversify our industry-leading funding relationships. Projects like this are a demonstration of our unique funding capabilities. This transaction exemplifies how Mazuma can fill custom-tailored funding needs. It’s very 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 company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals.