The transaction contained characteristics representing multiple stumbling blocks for most lessors including: a US subsidiary of a foreign parent who would not act as guarantor; a partial sale-leaseback: a challenging industry; equipment exposed to catastrophic losses; off-balance sheet recordation; and a credit rating reflective of our recessionary economy.

Companies seeking financing in these circumstances must find lessors who can structure transactions yielding the desired liquidity and timeliness while mitigating the risk of loss. Progressive companies have come to trust in Mazuma Capital for this critical craft.

“We structured their transaction favorably and secured a competitive rate, but the factors that led to commencement of the transaction were personal. After meeting us and understanding the challenges, it confirmed their belief we were working within the constraints of the transaction and the economy to secure the most attractive deal possible,” said Matt Burrows executive vice president of sales for Mazuma Capital.

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Ethics.

Jared Belnap, Mazuma’s president and chief executive officer said, “We’ve searched exhaustively to find a CFO with the right blend of sophistication, real world application, experience and expertise. As we’ve honed our business patterns and practices we’ve been able to architect the ideal candidate profile and through an aggressive interviewing campaign, we systematically matched the right candidate to our set of prerequisites. We’re thrilled and fortunate to announce Richard Beynon as Mazuma’s new chief financial officer. He fits perfectly with the growth initiates, executive management, and corporate culture of Mazuma Capital Corp.”

Prior to joining Mazuma, Beynon was chief financial officer for hedge fund complex Outrigger Funds where he streamlined expenditures by optimizing monthly trade reconciliations and partnership accounting and coordinated annual financial and regulatory audits and compliance requirements.

Before his tenure at Outrigger Funds, as principal of his eponymously-named professional firm, Beynon successfully turned around a distressed company by restructuring its debt and properly positioned the company for a fruitful acquisition.

Beynon received a bachelor’s of science degree from the University of Utah and a master’s of business administration degree at Westminster College’s Gore School of Business where he was published in the school’s business journal.

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

The climate for financing commodity-base companies is solemn–prospects are even more uncertain for coal producing companies. Underground mining equipment makes some financing companies all the more reluctant. Price volatility of commodities over the past few years has made lending institutions indecisive on leasing commitments. Additionally, apprehension over legislative or regulatory changes represent a residual concern.

However, progressive underwriters know the standing of this energy staple to the United States. Clean coal technologies such as coal gasification and carbon sequestration represent an energy bonanza for America where experts estimate we may have a 300 year reserve of fuel.

“Our underwriters were able to take an objective view of the industry and the lessee without deviating from their core requirements. Where some hesitated because the collateralized equipment is deployed underground, our team saw a vibrant company with massive resources, excellent cash flow, and a track record of environmental sensitivity,” said Executive Vice President of Sales for Mazuma Capital, Matt Burrows.

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

Lease proceeds will be used for underground mining equipment such as haul trucks, earthmovers, bulldozers, rough-terrain forklifts, etc. This type of underground mining equipment is challenging collateral for most underwriters as it is difficult to locate for inspection audits and is subject to aberrant mining events. The company’s chief financial officer praised Mazuma for overcoming these issues.

“This was a complex transaction. In addition to the geographically transient nature of the collateral, we needed to work with multiple subsidiaries and within an industry that experienced rapid contractions in market capitalization,” said Matt Burrows, Mazuma’s executive vice president of sales. “But our rigorous underwriting practices reveal key data giving us the confidence to know whether an industry has experienced an enduring change or mere market cyclicality.”

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

The financing was structured to meet the company’s nonconforming requirements. Approximately 15% of the financed project consisted of computer hardware while the balance was approved for soft costs including software development and acquisition of high-end ancillary software tools.

The company’s chief financial officer said, “Our company pursued Mazuma because the transaction was creative in meeting our asset mix and accounting treatment requirements, with competitive pricing and terms too. In addition, their staff was great to work with!”

Mazuma’s Executive Vice President of Sales Matt Burrows said, “There were a number of hurdles with this transaction. The company had an abridged operating history and the collateral was somewhat atypical. We just look at every situation and figure out what it takes to make it work. Clearly some transactions require more creativity, but we can often find a fit when other lessors capitulate.”

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

Most large healthcare conglomerates attract willing lenders. This lessee was no different, drawing multiple money-center institutions offering senior principal commitments totaling nearly a billion dollars to finance budgeted projects. However, crafting a transaction that was both effective and flexible-and largely soft costs-was a deal only Mazuma could bring to fruition.

In addition to capital equipment, 80% of the lease was for soft costs, and none of the company’s incumbent lenders could provide financing for such ethereal collateral. The company also had multiple objectives concerning the tax and accounting treatment of the lease, and we were able to provide them with a creative structure that met their needs.

“They needed a lease structure that would allow them to fund their projects over a 10-month period without incurring additional origination fees or punitive interest on idle capital,” said Matt Burrows, Executive Vice President of Sales for Mazuma Capital. “We did this by structuring the deal into four separate schedules under a master lease agreement that mirrors their senior credit facility agreement.”

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

Jared started Mazuma as a co-founder and private investor and served as vice president of sales/corporate secretary through December 2007. His performance and experience have been invaluable in the formation and implementation of Mazuma’s infrastructure, website development, marketing, documentation, sales and sales management, formation of key relationships and other important functions within Mazuma’s framework.

Lee, an attorney and partner with Washington DC-based law firm Howrey, LLP, will serve as an independent board director. Annual growth of more than 30% since inception has inspired Mazuma Capital’s senior management team to seek the insights of a seasoned practitioner outside the leasing industry.

“We welcome Mike to Mazuma’s Board and believe that the company will benefit greatly from his leadership and experience,” said Mazuma Capital President and Chief Executive Officer Jared Belnap. “Mike brings an incredible wealth of knowledge and wisdom to Mazuma from having tilted at the windmills of constitutional law and US Supreme Court litigation in the most esteemed court of our country,” said Belnap.

“Mazuma has a very dynamic business and the team has done an incredible job of establishing itself as a strong middle-market player in a short period of time,” said Lee. “I’m very pleased and eager to join the board.”

Mike Lee focuses primarily on appellate litigation, and has represented a wide variety of corporate, non-profit, and governmental clients in cases pending before various appellate courts throughout the country, including the US Supreme Court. As a complement to his appellate litigation practice, Mr. Lee has developed a unique type of government-relations practice–one that draws upon his expertise in constitutional law and statutory construction, and is devoted to helping businesses formulate comprehensive legal and political strategies to hasten the resolution of regulatory and litigation-related threats to their success.

Following law school, Mr. Lee served as a clerk to Judge Dee V. Benson, of the US District Court for the District of Utah (1997-1998), and then to Judge Samuel A. Alito, then of the US Court of Appeals for the Third Circuit (1998-1999). After spending several years in private practice, Mr. Lee became an Assistant US Attorney in Salt Lake City, where he argued a total of eighteen cases before the Tenth Circuit, and prepared briefs in scores of others. Mr. Lee was named as General Counsel to Utah Governor Jon M. Huntsman in January 2005. As General Counsel, Mr. Lee’s duties included everything from interviewing judicial nominees to overseeing the State’s litigation and lobbying efforts in matters deemed important to the Governor’s policy objectives. He left the Governor’s Office in July 2006 to begin a US Supreme Court clerkship with Justice Alito. He joined Howrey in September 2007.

About Howrey: We know that our firm is a large, multi-faceted, growing, global business that requires planning, innovation and investment to keep pace with the complex disputes our clients face. We understand that sound business principles must also be applied to the large, demanding and costly litigations we manage. Innovative staffing, reliable budgeting and budget management, technology based support systems, and other value engineering techniques are all components of the Howrey case management strategy.

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

Metallurgical coal is the prized class of coal needed in steel making and is distinguished by its special quality characteristics including high carbon content, low expansion pressure, low sulfur content, and various other chemical attributes. Metallurgical coal is also high in heat content and desirable to utilities as fuel for electricity generation. Consequently, metallurgical coal producers, such as the lessee, can select markets eliciting premium revenue.

The chief financial officer of the company said, “Mazuma Capital came through when others couldn’t. We received promises from other large money centers that were later broken. Mazuma came through with a competitive rate and structure and delivered on their commitments. This $7.65 million mining system is critical to our profitability.”

“Our team is fixated on customer service and crafting solutions,” said Jared Belnap, president and CEO of Mazuma Capital.” “Buddy Zarbock, our VP of Vendor Relations, orchestrated the relationship between lessee and the vendor masterfully. A transaction of this size and scope is intricate and requires matchless dedication to make it a win for all parties.

About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.

Michael has a best-selling video “Effective Short Selling: Profiting in Bull and Bear Markets” and was educated at Brigham Young University in Humanities with an emphasis in English. He has participated in the university’s Baccalaureate and Masters English programs.

Previously, Michael founded software company Ten Bagger, Inc., publishers of investment software BigEasy investor voted “Best of the Web” by Forbes Magazine for Technical Analysis and Charting. After substantially growing their user base to more than 160 countries, Michael secured an acquisition agreement to merge their company with Ameritrade Holdings, Inc., in 2000. Ameritrade now markets BigEasy Investor under the brand Ameritrade Advanced Analyzer.