Northbase Finance Closes Capital Partnership with Oaktree to Support Equipment Financing Platform
Northbase Finance Inc. (“Northbase” or the “Company”) is pleased to announce the closing of a revolving credit facility with Oaktree through its Asset-Backed Finance strategy, providing up to US$300 million in scalable financing capacity. The facility will support the continued expansion of Northbase’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.
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Northbase has grown its managed portfolio by more than 100% year-over-year and continues to see significant demand from operators, equipment providers, sponsors and intermediaries for flexible financing solutions, including leases, rentals, progress payments, sale-leaseback arrangements.
“Northbase was built to finance complex, asset-intensive transactions that require sector expertise, flexible structuring, and conviction in the underlying equipment,” said Eva Kiefer, President and CFO of Northbase. “Our partnership with Oaktree expands Northbase’s capacity to serve our clients across larger transactions, longer terms, and a broader range of equipment types. With this facility, Northbase is positioned to be a true alternative for customers whose needs do not fit within traditional financing frameworks.”
