Key Equipment Finance and Xylem announced a partnership to provide equipment finance options for water utilities at WEFTEC 2016 in New Orleans today. Xylem is a leading global water technology provider that enables customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. Today, the company announced a new finance program and partnership with Key Equipment Finance that will provide flexible equipment financing options for water utilities and other organizations interested in acquiring Xylem’s water and wastewater transport and treatment solutions.
The partnership with Key Equipment Finance makes it easier for Xylem customers in North America to acquire Xylem’s Flygt, Leopold, Sanitaire and Wedeco water and wastewater transport and treatment products. Through this agreement, flexible financing will be available from Key Equipment Finance for loans greater than $100,000.
“Investments in water and wastewater infrastructure are critical to building more sustainable and resilient local water supplies, but they can have a high initial cost for local utilities,” said Andy Fraher, Director of Marketing and Business Development, North American Commercial Team at Xylem. “Traditional bond financing and state revolving funds are not always sufficient to cover the initial costs of ownership and installation for these systems. However, with the flexible financing options offered through this new alliance, customers in the public sector can gain quicker access to tax-exempt financing and a way to pay for infrastructure upgrades from their current operating budgets.”
In addition to funding the acquisition of water and wastewater treatment and transport upgrades from ongoing revenue, the partnership with Key Equipment Finance allows Xylem customers to take advantage of favorable interest rates and maximum flexibility while acquiring equipment that will result in increased efficiencies, reduced maintenance issues, and overall cost savings.
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