Daily News: August 15, 2018

Capital One Upsizes 36th Street Capital Revolver to $75MM

Capital One renewed and upsized a three-year, expandable senior secured revolving credit facility for 36th Street Capital Partners. The revolver was increased by $25 million to $75 million.

“We are very pleased to be able to increase the size of the facility to support the company’s growing pipeline,” said Dan Tsacoumangos, director at Capital One’s Financial Institutions Group. “The 36th Street Capital team has been able to successfully execute in this market, and we are proud to serve as their financing partner.”

“The expansion of our credit facility with Capital One is another important milestone for 36th Street Capital,” said Kiran Kapur, 36th Street’s co-founder and CEO. “It bolsters our ability to meet the evolving needs of clients in search of alternative equipment financing solutions.”

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