Northern Leasing Systems, Inc. (“Northern”) is an industry leading micro-ticket leasing corporation that specializes in lease financing for point-of-sale (POS) credit/debit card authorization systems and other critical business equipment. Northern is pleased to announce the closing of a senior secured credit facility with an alternative lender to the specialty finance sector.
Bryant Park Capital, LLC (“BPC”) has acted as financial advisor to and placement agent for Northern in connection with this and numerous other transactions. The terms of the transaction were not disclosed. The new credit facility enables Northern to further diversify its creditor mix while providing additional capacity for new originations.
“Bryant Park Capital has served an important role in helping our business diversify its capital base and increase our overall origination capacity. The BPC team has always been highly responsive to our needs and I am very pleased with our longstanding relationship.” Jay Cohen, CEO of Northern Leasing Systems, Inc.