Bryant Park Capital (“BPC”), a leading middle market investment bank with a focus in the specialty finance industry, announced 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 sponsors.
Bryant Park Capital acted as exclusive financial advisor to FoxPoint in connection with this transaction.
For more information about FoxPoint, please visit www.foxpointtrucks.com