Espresso Capital closed a $200 million credit facility from KeyBank. A provider of venture debt solutions, Espresso Capital will use the facility to further expand its lending activities to technology and healthcare companies.
“We’re excited to welcome KeyBank as a funding partner,” Enio Lazzer, chief operating officer and CFO at Espresso Capital, said. “Securing this facility is an important milestone that further expands our capacity to support borrowers with innovative venture debt solutions. The KeyBank facility complements Espresso’s existing facilities with BMO Bank of Montreal and Scotiabank.”
Since it was founded in 2009, Espresso Capital has funded more than 300 companies across the United States, Canada and the United Kingdom.
“We’re delighted to have Espresso among our growing portfolio of high-quality growth capital lenders,” Rian Emmett, group head and executive vice president of specialty finance lending at KeyBank, said. “We specialize in providing financing to firms like Espresso and are pleased to be able to help enable their continued growth.”