EagleBank, a community bank in the Washington, D.C. area, closed $18 million in credit facilities for DT Global and subsidiaries. The facilities refinanced existing debt and increases DT Global’s working capital to support its growth-driven needs.
“We are thrilled to work with DT Global, LLC amidst their growing USAID portfolio,” Lindsey Rheaume, executive vice president and chief lending officer for C&I, said. “EagleBank is the right financial partner for contractors within this segment of the market, and we look forward to supporting DT Global, LLC in their mission to transform lives.”
The transaction was originated, structured and handled by Eric Pietras, senior vice president and relationship manager at EagleBank, with support from many others in EagleBank’s experienced commercial & industrial (C&I) and government contractor underwriting, back office and risk teams.
“We look forward to our partnership with EagleBank and its talented staff to support our financing needs as we manage through continued periods of growth,” Torge Gerlach, CEO of DT Global, said. “It is important for a large government contractor with global operations spanning 90 countries to have found a partner that is not only willing, but eager, to support our needs and work with us as effectively and efficiently as the team at EagleBank has already proven to do.”
