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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Altriarch Asset Management Closes $40MM Senior Debt Facility for LeasePoint Funding Group
Thursday, October 17, 2024
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Lenders/Participants
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Altriarch Asset Management [Lender]
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Structure
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Senior Secured Revolving Line of Credit
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Amount
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$40.000
Million
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Borrower(s)
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LeasePoint Funding Group LLC
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Description
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roceeds from the transaction enabled LeasePoint to refinance existing debt and will provide additional runway to scale its equipment financing business in order to meet growing demand for its funding solutions. The facility includes a $20 million accordion, giving LeasePoint the flexibility to increase the total line amount to $40 million. Following the execution of a term sheet, the entire process took less than 45 days.
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Industry
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Lender Finance
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Location
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TX
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| Related Tags |
Lender Finance
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ABL Advisor
Deal Tables
2024
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