Capital One Closes $8.5MM Revolver for Triton Systems
Capital One announced it closed a four-year, $8.5 million senior secured revolving credit facility for Triton Systems of Delaware, a provider of retail and off-premise automated teller machines in North America.
Proceeds of the facility will be used for ongoing working capital needs and capital expenditures, among other financial needs. Triton also established a comprehensive treasury management relationship with Capital One Bank. This relationship includes the implementation of wholesale lockbox and merchant services to expedite the collection of remittances, and an electronic solution to more efficiently manage payables, including Capital One’s commercial card program.
“We’re thrilled to provide Triton’s management team and its advisors, Acuity Capital Partners, with a financial solution to achieve the company’s growth objectives,” said Joe Davisson, Midwest regional manager, Commercial and Specialty Finance, Capital One Bank. “We look forward to continuing to collaborate with this leadership team as it provides high-quality products, software, as well as enhanced customer service offerings.”