Cooper Equipment wraps C$150 million asset-based credit facility

New York, May 23 – Cooper Equipment Rentals Ltd. said it closed on a C$150 million asset-based senior secured credit facility.

Wells Fargo Capital Finance Corp. Canada was administrative agent and lead lender, according to a news release. CIBC Asset Based Lending was a participating lender.

Proceeds will be used to refinance existing debt and to support future growth.

Cooper Equipment is a Toronto-based construction equipment rental company.

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