Daily News: September 13, 2017

Prestige Provides $10MM Financing to IT Staffing Firms

Prestige Capital provided bridge financing in a $10 million leverage buyout deal when a client’s ABL lender was not able to close the deal quickly.

The client, an IT staffing/consulting company, was at risk of losing a purchase opportunity and Prestige was able to step in and provide the $10 million bridge financing in just two weeks.