Daily News: September 20, 2013

NXT Capital Equipment Finance Closes Credit Facility

NXT Capital announced that its Equipment Finance Group closed a senior secured credit facility with BMO Financial Group and Key Equipment Finance. The five-year facility will support the group’s growing presence in middle market equipment finance.

“This is a significant milestone in the development of NXT Capital Equipment Finance and we’re very pleased to have the support of BMO and Key Equipment Finance in growing our business,” said Michael Gay, senior managing director and group head of NXT Equipment Finance. “Both took the time to understand NXT’s approach and our plans to focus on an underserved market, and delivered a solution that will help us meet our customers’ needs.”

“BMO is very pleased to be supporting NXT Capital Equipment Finance with this very important facility that will contribute to the development of their equipment financing activities,” said Catherine Blaesing, vice president, BMO Harris Bank. “We are looking forward to a growing and successful relationship with NXT.”

“We are pleased to partner with NXT Capital, particularly given their commitment to meeting the finance needs of middle-market and emerging growth companies,” said Christos Kytzidis, director, Lender Finance, at Key Equipment Finance. “NXT Capital’s client focus and high standards help make the company a natural fit for our structured finance platform.”