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LEAF Closes $150 Million Credit Facility With Credit Suisse

October 01, 2012, 06:10 AM
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LEAF Commercial Capital, Inc. (LEAF) announced the company expanded its funding capacity with the closing of a $150 million revolving credit facility with Credit Suisse AG, New York Branch. This additional $150 Million of warehouse capacity will be used by LEAF to fund its new lease originations through its various vendor channels.

Miles Herman, LEAF’s president and COO, stated, “We are thrilled to enter into this relationship with Credit Suisse. Their depth of knowledge of our industry as well as their expertise in the ABS market will add significantly to our funding strategy. This new facility, when combined with LEAF's existing $185 Million revolving credit line, gives LEAF a total of $335 Million of warehouse financing that when, coupled with our programmatic ABS issuance strategy, will provide us with the funding capacity to meet the demands of our growing business for the foreseeable future. We are well capitalized and very focused on helping our equipment vendor partners accelerate revenue growth through creative financing programs and we are very optimistic about the future, particularly as we see the demand for small- and mid-ticket equipment leases beginning to increase as we move into the fourth quarter of 2012.”

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