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Dext Capital Closes $200MM Credit Facility with Credit Suisse

October 28, 2019, 07:20 AM
Filed Under: Company Announcements

Dext Capital announced it has closed a facility with Credit Suisse to provide warehouse financing for commercial equipment loans and leases. The new facility increases the company's borrowing capacity by $200 million and helps to support its continued growth and market expansion in the health and wellness markets.

"This credit facility, not only represents a significant vote of confidence from the financial community, but more importantly provides Dext Capital the flexibility and access to efficient capital that supports our immediate and long-term growth objectives," said Kyin Lok, Dext Capital's Chief Executive Officer.

Noting the company has an active and growing origination pipeline, he added, "Best of all, the line allows us to effectively address the financial needs of our underserved customers and manufacturer partners with greater speed, flexibility and transactional certainty."

Dext Capital is a privately owned independent equipment finance company founded by a team of industry veterans with strong financial sponsorship from Sightway Capital, a Two Sigma company. As a direct non-bank lender, Dext Capital offers practical, flexible and future forward financial solutions for medical providers and manufacturers.

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