Varilease, recently recognized as one of the country’s largest equipment-leasing companies, has announced the renewal of its warehousing lines with its lead bank, Huntington National Bank (NASDAQ: HBAN). Varilease has employed these warehouse lines to approve and fund transactions for their customers. Robert VanHellemont, President and CEO of Varilease commented, "We are pleased that we have been able to build solid, long-term relationships with our lenders. By increasing and extending their commitments, we believe that our lenders have shown confidence in our ability to continue to safely grow our business. The increase will enable us to continue to grow our originations, expand into new markets, serve our current customers and further diversify our asset mix."

Established equipment-leasing financiers since 1987, the Varilease companies have financed more than $1 billion in assets worldwide. Varilease responds to the specific needs of companies in the middle-market to investment-grade range by providing sophisticated and straightforward equipment-lease financing. Monitor’s 2005 analysis of the overall performance of the equipment-leasing industry ranks Varilease among the top 100 companies.