Hitachi Business Finance has expanded its financing solutions to include syndicated lending and in the past quarter, provided $65 million to three U.S. companies.
Hitachi Business Finance offers hold positions that range from $5-$25 million and potentially higher depending on the transaction. Proceeds are used for working capital (A/R and inventory), equipment/capex and growth capital, acquisition, turnaround, and recapitalization financing. As a non-bank, non-traditional commercial finance company, syndication partners and clients both benefit from competitive pricing, a non-regulated environment, industry knowledge, and turnaround times. Collaboration partners include regional and national banks, specialty finance companies, and equity sponsors.
“While we may be new to the market, we have the experience and resources to be a viable partner to fellow lenders,” says President and COO Mike Semanco. “Hitachi Capital is a non-regulated financing source with a strong capital position. Expanding our senior-secured financing capabilities will allow us to gain additional market share beyond our current capabilities of factoring and direct ABL lines of credit. We are excited about the traction we are gaining in the syndicated market and expect Tom Bayer, as our origination leader for this initiative, to help us continue this momentum.”