RESTON, Va., Jan. 16, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, closed its first asset-backed securitization in the
/PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, closed its first...
Blue Bridge Financial Announces the Closing of $124.8 Million Inaugural ABS Transaction tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Blue Bridge Financial Announces Up-Sizing of Corporate Notes to $15.0 Million
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Blue Bridge Financial, LLC announces incremental capital raise of existing corporate notes to $15.0 Million. “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,” stated Steve Dervenis, CEO of Blue Bridge. RESTON, Va. (PRWEB) January 05, 2021 Blue Bridge Financial, LLC (“Blue Bridge”), a leading independent commercial equipment finance company, announced the up-sizing 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. “The up-sizing 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,” stated 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.” Brean Capital, LLC served as the Company’s exclusive Advisor and Placement Agent for the notes.