TSL Express Daily News

Toronto, Ontario – July 24, 2025 – Garrington Capital™, a private lender that specializes in providing alternative financing options for small and medium-sized businesses across Canada and the United States, is pleased to announce its role as co-agent along with Great Elm Commercial Finance in a USD $12 million equipment financing facility (the “Credit Facility”), to support the acquisition efforts of a long-standing supplier to the automotive industry based in Ohio, USA.

The borrower, a manufacturer specializing in forged steel components, will use the Credit Facility to acquire a complementary business operating in the same sector. With significant unencumbered equipment on hand and substantial real estate backing, the borrower was able to unlock liquidity to complete the transaction.

“This financing exemplifies the type of creative, asset-backed lending Garrington brings to middle-market businesses,” said Tammy Kemp, President and Chief Credit Officer at Garrington Capital. “We were impressed by the company’s deep industry roots, the durability of its product line, and the strength of the collateral available. The fact that a well-capitalized public entity ultimately backs the business gave us further confidence.”
Garrington Capital acted as co-agent on the transaction in collaboration with established asset-based lender, Great Elm Commercial Finance. “We welcomed the opportunity to work alongside an established lending partner, combining our expertise to structure and execute a financing solution aligned with the borrower’s timeline and strategic goals,” Kemp added.

Garrington Capital remains committed to supporting the growth ambitions of North American industrial and manufacturing businesses with flexible financing solutions tailored to their assets and opportunities.

About Garrington Capital™
Garrington Capital™, one of the premier commercial finance lenders in North America, with over 50 employees across North America, has completed over $6 Billion in total financings since inception. Garrington Capital has a wide reach with centralized offices in the USA and Canada, as well as a physical sales presence in over 20 jurisdictions through its loan origination subsidiary Liquid Capital Corp. and Baker Garrington Capital Corp. Garrington Capital is committed to supporting small and medium-sized enterprises across North America by providing customized financing solutions. Garrington Capital’s non-bank funding options are designed to address unique business challenges and help clients overcome obstacles to secure the capital they need. By offering flexible terms and a transparent approval process, Garrington Capital empowers borrower by ensuring they can focus on driving growth and achieve their goals. With a dedication to personalized service and deep industry expertise, Garrington Capital strives to be a reliable partner that fosters long-term success.

Stay Connected
For more information about Garrington Capital, visit www.garringtoncapital.com or contact Jaclyn Richard, Vice-President, Business Development at Jaclyn.richard@garringtoncapital.com or (204) 999-8756.

Cautionary Note Regarding Forward-Looking Information and Statements
This news release may contain "forward-looking information". Forward-looking information contained in this press release may be identified by the use of words such as, "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook" and other similar expressions, and includes statements with respect to the use of proceeds of the Credit Facility. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment.
Although Garrington Capital believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Garrington Capital can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information.
The statements in this press release are made as of the date of this release. Garrington Capital disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise