Regents Capital Closes $100.0 Million Bank Credit Facility

0

COSTA MESA, Calif., Oct. 10, 2022 (GLOBE NEWSWIRE) — Regents Capital Corporation (Regents), a leading provider of equipment leasing and financing solutions for middle market borrowers, announced that it has closed a three-year $100.0 million revolving credit facility years with OZK Bank (NASDAQ: OZK), a regional bank based in Little Rock, AR. The new facility includes an accordion of up to an additional $50 million and follows a successful $25.0 million investment grade corporate note financing announced by the company in January 2022. Proceeds from the facility will be used to fund new creations and support additional growth. of the company.

Since its inception, Regents has generated more than $800 million in equipment leasing to more than 1,700 customers nationwide.

“This facility marks a strategic corporate goal for 2022 and we are delighted to have achieved such an attractive result,” said Dennis Odiorne, President of Regents. “Following our $25 million financing earlier this year, we believe Regents is well positioned to deliver what our clients need most: comprehensive corporate finance solutions that drive measurable results.

Don Hansen, President and CEO of Regents, added, “This agreement further strengthens the company’s capital position as we continue to expand our equipment financing solutions to businesses across the United States. Regents has built a solid and scalable platform providing proven and flexible equipment financing solutions for our customers. This new facility will further our mission to help even more businesses meet funding challenges and fuel growth.

Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent on the transaction.

About Regents Capital Corporation

Founded in 2013, Regents is an independent commercial equipment finance company dedicated to delivering exceptional results to middle market customers nationwide. Regents believes in serving as a financial partner to their customers, not just a supplier, by turning their customers’ equipment financing realities into results. Regents is headquartered in Costa Mesa, CA with a regional office in Austin, TX. For more information about the company, visit: https://regentscapital.com.

Contact information:
Erica Blundo
Marketing director
[email protected]

Related images

Picture 1

This content was posted through the press release distribution service on Newswire.com.

  • Featured image for Regents Capital Corporation

Share.

About Author

Comments are closed.