Mazzotta Rentals, Inc. announced on April 8, 2025, that it secured an asset-based loan credit facility with M&T Bank as lead arranger and administrative agent. The facility totals $160 million and will support the company's continued growth and expansion efforts.
The transaction includes a $120 million revolving line of credit and a $5 million term loan facility. Additionally, it provides Mazzotta Rentals with a $35 million accordion feature for future growth, demonstrating flexibility in financing.
Thomas Caldaroni, Chief Administrative Officer of Mazzotta Rentals, Inc., expressed enthusiasm for the financial backing from M&T Bank, stating it positions them to take advantage of new opportunities in key adjacent markets. This facility refinances existing debt and fortifies the company's financial foundation.
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