Dext Capital, an independent equipment finance company, commenced a $200 million revolving credit facility with Deutsche Bank. The additional bank line increases Dext’s facility capacity to $750 million.
“We’re excited to welcome Deutsche Bank as our newest financing partner,” Conrad Nilsen, senior vice president, finance for Dext Capital, said. “We look forward to working together as Dext builds upon several years of positive momentum. Our partnership will provide Dext with additional capital to support our vendor relationships and customers.”
Dext Capital is a recurring ABS issuer and will use the expanded facility capacity to bring larger securitizations to market. To date, Dext has closed four ABS transactions.
