FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Articles / Read Article

Print

Regents Capital Closes $100MM Bank Credit Facility

By:
Date: Oct 10, 2022 @ 07:22 AM
Filed Under: Industry News

Regents Capital Corporation, a provider of equipment leasing and financing solutions to middle-market borrowers, announced it has entered into a $100 million three-year revolving credit facility with Bank 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 rated corporate note financing announced by the company in January 2022. Proceeds drawn on the facility will be used to fund new originations and support additional growth of the business.

Since inception, Regents has originated over $800 million in equipment leasing to more than 1,700 customers nationwide.
 
“This facility marks a strategic goal of the company for 2022 and we are pleased to have achieved such an attractive outcome," said Dennis Odiorne, President of Regents. “Coming off of our $25 million financing earlier this year, we believe Regents is in a solid position to deliver what our clients need most — comprehensive business funding solutions that drive measurable results."

Don Hansen, Chief Executive Officer of Regents, added, "This agreement further strengthens the company's capital position as we continue to scale our equipment finance solutions to businesses throughout the U.S. Regents has built a strong, scalable platform providing proven and flexible equipment financing solutions to our clients. This new facility will further our mission to help even more businesses meet financing challenges and fuel growth."

Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.



Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.