Legacy Corporate Lending closed four new asset-based lending transactions in the second half of 2023, including a $10 million revolving credit facility to a powersports distributor focused on exhaust systems, a $25 million revolver and term loan facility to a toy and game company, a $12.5 million revolving credit facility to a producer and supplier of fresh and frozen seafood, and a $12.5 million revolving credit facility for a U.S.-based exporter of alfalfa and hay products.
“We are deeply proud of what we have accomplished since launching earlier last year,” Clark Griffith, CEO of Legacy Corporate Lending, said. “In addition to capitalizing on our active deal pipeline, we have successfully grown our team, operations and lending capabilities. We look forward to continuing to build out our diversified lending platform to serve leading middle-market companies across an extensive array of industries.”
Since launching last May, Legacy Corporate Lending has built six portfolio accounts with total loan commitments of more than $75 million. In October, Legacy Corporate Lending closed a $100 million senior credit facility from Wells Fargo Capital Finance to support its growth in serving the middle-market asset-based lending space.
