Mazzotta Rentals, Inc. Secures $160 Million Credit Facility to Accelerate Growth and Continue Fleet Expansion
Mazzotta Rentals (MRI) has secured a $160 million credit facility with M&T Bank (NYSE:MTB) as lead arranger, comprising a $120 million revolving line of credit and a $5 million term loan facility. The facility includes a $35 million accordion feature for future growth.
The company, which serves seven northeastern states in construction, industrial, and infrastructure sectors, will use the funding to refinance existing debt and support continued growth and expansion efforts. The credit facility, arranged with a consortium of financial institutions, reflects confidence in MRI's operational performance and growth strategy.
MRI plans to leverage this financing to expand its service offerings, make fleet investments, and strengthen its market position in response to increasing customer demand in general construction and infrastructure development.
Mazzotta Rentals (MRI) ha ottenuto un finanziamento di 160 milioni di dollari con M&T Bank (NYSE:MTB) come arrangiatore principale, composto da una linea di credito rotativa di 120 milioni di dollari e un prestito a termine di 5 milioni di dollari. Il finanziamento include una caratteristica di accordo di 35 milioni di dollari per la crescita futura.
La società, che opera in sette stati del nord-est negli settori della costruzione, industriale e infrastrutture, utilizzerà i fondi per rifinanziare il debito esistente e sostenere i continui sforzi di crescita ed espansione. Il finanziamento, organizzato con un consorzio di istituzioni finanziarie, riflette la fiducia nelle performance operative e nella strategia di crescita di MRI.
MRI prevede di utilizzare questo finanziamento per ampliare la sua offerta di servizi, effettuare investimenti nella flotta e rafforzare la sua posizione di mercato in risposta all'aumento della domanda dei clienti nella costruzione generale e nello sviluppo delle infrastrutture.
Mazzotta Rentals (MRI) ha conseguido una línea de crédito de 160 millones de dólares con M&T Bank (NYSE:MTB) como organizador principal, que incluye una línea de crédito rotativa de 120 millones de dólares y una facilidad de préstamo a plazo de 5 millones de dólares. La instalación incluye una característica de acorde de 35 millones de dólares para el crecimiento futuro.
La empresa, que opera en siete estados del noreste en los sectores de construcción, industrial e infraestructura, utilizará los fondos para refinanciar la deuda existente y apoyar los esfuerzos continuos de crecimiento y expansión. La línea de crédito, organizada con un consorcio de instituciones financieras, refleja la confianza en el rendimiento operativo y la estrategia de crecimiento de MRI.
MRI planea aprovechar este financiamiento para ampliar su oferta de servicios, realizar inversiones en la flota y fortalecer su posición en el mercado en respuesta al aumento de la demanda de los clientes en la construcción general y el desarrollo de infraestructuras.
마조타 렌탈스 (MRI)는 M&T 은행 (NYSE:MTB)과 함께 1억 6천만 달러의 신용 시설을 확보했습니다. 이 시설은 1억 2천만 달러의 회전 신용 한도와 500만 달러의 기간 대출 시설로 구성되어 있습니다. 이 시설에는 미래 성장을 위한 3500만 달러의 아코디언 기능이 포함되어 있습니다.
이 회사는 건설, 산업 및 인프라 분야에서 북동부 7개 주에 서비스를 제공하며, 기존 부채를 재융자하고 지속적인 성장 및 확장 노력을 지원하기 위해 자금을 사용할 것입니다. 금융 기관 컨소시엄과 함께 마련된 신용 시설은 MRI의 운영 성과와 성장 전략에 대한 신뢰를 반영합니다.
MRI는 이 자금을 활용하여 서비스 제공을 확장하고, 차량 투자를 하며, 일반 건설 및 인프라 개발에 대한 고객 수요 증가에 대응하여 시장 위치를 강화할 계획입니다.
Mazzotta Rentals (MRI) a sécurisé une facilité de crédit de 160 millions de dollars auprès de M&T Bank (NYSE:MTB) en tant qu'arrangeur principal, comprenant une ligne de crédit renouvelable de 120 millions de dollars et une facilité de prêt à terme de 5 millions de dollars. La facilité inclut une caractéristique d'accord de 35 millions de dollars pour la croissance future.
L'entreprise, qui opère dans sept États du nord-est dans les secteurs de la construction, de l'industrie et des infrastructures, utilisera le financement pour refinancer sa dette existante et soutenir les efforts de croissance et d'expansion continue. La facilité de crédit, arrangée avec un consortium d'institutions financières, reflète la confiance dans la performance opérationnelle et la stratégie de croissance de MRI.
MRI prévoit de tirer parti de ce financement pour élargir son offre de services, effectuer des investissements dans sa flotte et renforcer sa position sur le marché en réponse à la demande croissante des clients dans la construction générale et le développement d'infrastructures.
Mazzotta Rentals (MRI) hat eine Kreditfazilität in Höhe von 160 Millionen Dollar bei der M&T Bank (NYSE:MTB) als Hauptarrangeur gesichert, die aus einer revolvierenden Kreditlinie von 120 Millionen Dollar und einer Terminkreditfazilität von 5 Millionen Dollar besteht. Die Fazilität umfasst eine Accordion-Funktion von 35 Millionen Dollar für zukünftiges Wachstum.
Das Unternehmen, das in sieben nordöstlichen Bundesstaaten in den Bereichen Bau, Industrie und Infrastruktur tätig ist, wird die Mittel nutzen, um bestehende Schulden umzuschulden und die fortlaufenden Wachstums- und Expansionsbestrebungen zu unterstützen. Die Kreditfazilität, die mit einem Konsortium von Finanzinstituten arrangiert wurde, spiegelt das Vertrauen in die operative Leistung und die Wachstumsstrategie von MRI wider.
MRI plant, diese Finanzierung zu nutzen, um sein Dienstleistungsangebot zu erweitern, Investitionen in die Flotte zu tätigen und seine Marktposition als Reaktion auf die steigende Kundennachfrage im allgemeinen Bauwesen und in der Infrastrukturentwicklung zu stärken.
- Secured substantial $160 million credit facility
- Additional $35 million accordion feature available for future growth
- Strong endorsement from financial institutions indicating business confidence
- Proven record of growth in construction and infrastructure sectors
- Taking on new debt to refinance existing obligations
Insights
M&T Bank has secured its position as lead arranger for a
The deal demonstrates M&T's continued momentum in middle-market commercial lending, particularly in the construction and industrial sectors across the Northeast. As lead arranger, M&T likely secured the most favorable economics in the syndicate while building relationships with a growing regional business.
Commercial lending remains a core profit driver for regional banks like M&T, particularly in the current rate environment where quality borrowers command attention. The structure of this facility—combining revolving credit with expansion options—showcases M&T's flexible commercial lending capabilities while managing risk through a consortium approach.
For context, this facility represents less than
"We are thrilled to have the financial backing from M&T Bank to continue scaling our operations, expand our footprint, and meet increasing demand from our customers," said Thomas Caldaroni, Chief Administrative Officer of Mazzotta Rentals, Inc., "This credit facility is a strong endorsement of our performance and overall growth strategy, and it positions us to take advantage of new opportunities in key adjacent markets."
The credit facility, led by M&T Bank, along with a consortium of top-tier financial institutions, reflects strong confidence in MRI's leadership, operational performance, and future trajectory.
"This financing is an important step forward as we continue to execute on our long-term strategic plan," said Joseph Mazzotta, Chief Executive Officer "It provides us with the flexibility to make smart investments in our fleet and infrastructure while maintaining a healthy financial profile."
MRI has a proven record of strong growth, driven by increasing customer demand working in the general construction and infrastructure development. With this new funding, the company plans to expand its service offerings and strengthen its position as an industry leader in equipment rentals.
About Mazzotta Rentals, Inc.
Mazzotta Rentals is a premier equipment rental provider offering a wide range of construction, industrial, and specialty lift equipment. Known for its customer-first approach and reliable service, Mazzotta rentals, Inc. partners with contractors and businesses across the Northeast to support projects of all sizes.
Media Contact:
Erik Allison
Marketing & Brand Manager
Marketing@MazzottaRentals.Com
(860) 404-9319
MazzottaRentals.Com
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SOURCE Mazzotta Rentals, Inc.
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