Alston & Bird client Northbase Finance Inc., an independent North American equipment finance platform, has closed a revolving credit facility with Oaktree Capital Management, L.P., providing up to $300 million in scalable financing capacity. The strategic transaction supports the continued expansion of Northbase Finance’s North American equipment financing platform, focused on critical operating assets across power generation, compression, energy transformation, infrastructure and industrial markets in the United States and Canada.
Advising Northbase Finance on this transaction was an Alston & Bird team led by partner Tara Castillo and counsel Valerie Clark. The team also included partners Cheryl Isaac, Andi Mandell, Joe McKernan, Jacob Johnson, Steve Ornstein, and senior associates Krishna Pathak, Luke Hiller-Addis, and Josh Dhyani.