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

Print

Blue Bridge Financial Upsizes Corporate Notes to $15 MM

January 06, 2021, 07:09 AM
By
Topic: Industry News

Blue Bridge Financial, LLC, an independent commercial equipment finance company, announced the upsizing of its existing corporate notes to $15.0 million. This incremental capital raise follows the company’s previously announced three-year extension of its corporate notes and one-year extension of its revolving credit facility. Proceeds from this transaction will be used to leverage the company’s credit facilities and support the continued growth of the Blue Bridge financing platform.

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

“The upsizing of our corporate notes is a strong endorsement of the stability and success of our company in a challenging environment and of our mission to transform the way businesses access capital,” said Steve Dervenis, CEO of Blue Bridge. “With this additional funding and our existing credit facilities, we are well-positioned to support our clients’ financing needs and growth in the new year.”

Blue Bridge Financial is a specialty finance company and provider of commercial financing for small business borrowers as well as manufacturers, vendors and distributors of commercial equipment. The company is headquartered in Reston, VA, with offices in Buffalo, NY.

Comments From Our Members

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