Legacy intends to make loans that are secured by assets including accounts receivable, inventory, machinery and equipment, real estate, and intellectual property. Legacy is launching with a significant equity investment from funds managed by a subsidiary of Bain Capital Credit, L.P., (“Bain Capital Credit”), a leading global credit specialist.īased in the Dallas-Fort Worth area, Legacy Corporate Lending will provide revolving credit facilities and term loans ranging in size from $10 to $40 million to companies in an array of industries that seek to access capital outside of traditional bank lending or the syndicated lending market. PLANO, Texas & BOSTON-( BUSINESS WIRE)-Legacy Corporate Lending (“Legacy”) a new asset-based lending (ABL) company, today announced its launch as an independent lender focused on serving the needs of middle market companies across North America.
0 Comments
Leave a Reply. |