Legacy Corporate Lending, an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, achieved more than $125 million in financing activity to five companies during H1/25.
Legacy provided these asset-based credit facilities to companies throughout the country, spanning the agricultural, food and beverage, cosmetics, manufacturing and distribution industries. Since launching in 2023, Legacy has closed 18 deals totaling more than $350 million in commitments.
To support the continued growth of its platform and to deepen client service, the company added six experienced lending professionals in its operations, portfolio and sales teams and moved to new offices in Plano, TX. The company’s team now totals 17 experts that serve borrowers of all types across the United States.
“Legacy was built to meet the evolving needs of middle market borrowers, and our first-half activity reflects their demand for thoughtful, flexible lending solutions,” Clark Griffith, co-founder and CEO of Legacy Corporate Lending, said. “We’re proud to be a trusted partner to businesses across industries and regions, and equally proud of the experienced team we’re continuing to build to support them.”
“In today’s evolving credit environment, companies need supportive lending partners who understand the nuances of their business,” Paul Martin, chief investment officer of Legacy Corporate Lending, said. “As we grow our capital base and expand the reach and capabilities of our team, we are looking forward to supporting current and future borrowers as they navigate an increasingly complex business environment.”
In April, Legacy more than doubled its leverage facility agented by Wells Fargo Capital Finance, from $125 million to $255 million. As part of the upsizing, four new lenders joined the facility.
