Bryant Park Capital Arranges $30 Million Senior Secured Credit Facility for FoxPoint Trucks, LLC

NEW YORK, NY, April 19, 2018 – Bryant Park Capital (“BPC”), a leading middle market investment bank with a focus in the specialty finance industry, announced today that Foxpoint Trucks, LLC (“FoxPoint” or the “Company”) recently closed a $30 million senior secured credit facility with an institutional lender to the specialty finance sector.

Founded in 2013 and headquartered in Kansas City, KS, FoxPoint is a leading, rapidly growing technology-enabled truck leasing company. The Company purchases used Class 8 long-haul trucks through a robust wholesale network and in turn offers an attractive lease product for the over-the-road freight trucking industry. FoxPoint serves an important role to independent owner-operators driving on behalf leading “A” credit national carriers. As of April 13, 2018, FoxPoint had a portfolio of 537 trucks with 411 leases, representing $27 million in gross lease receivables. The Company plans to use the new facility to purchase additional Class 8 long-haul trucks refinance the Company’s current debt obligations from its financial.

Bryant Park Capital acted as exclusive financial advisor to FoxPoint in this transaction.

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