Daily News: February 4, 2019

Capital One Expands 36th Street Facility to $100MM


36th Street Capital expanded its three-year, expandable senior secured revolving credit facility to $100 million, an increase of $25 million.

Capital One led the facility, while City National Bank joined the bank syndicate.

“City National is so proud to be part of the growth and success of 36th Street Capital,” said Cecilia Park, senior vice president of Structured Finance/Specialty Banking at City National. “We have unique expertise in this area, and we specialize in helping select independent equipment leasing companies grow and thrive.”

Founded in 2014, 36th Street Capital is an independent finance company specializing in structuring customized equipment financing solutions for middle market companies seeking alternative funding sources.

“We are very pleased to have City National join our credit facility as we continue to grow and our needs expand,” said Kiran Kapur, 36th Street co-founder and CEO. “By including additional bank partners, we further strengthen our role as a reliable funding source to our origination partners and their clients.”

A subsidiary of Royal Bank of Canada, City National Bank provides banking, investment and trust services through 71 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C.