Dext Capital, an Oregon-based independent equipment finance company focused on lending to the medical industry, closed a $25 million corporate revolving credit facility with Regions Bank.
Access to the facility will provide additional borrowing capacity and flexibility in how Dext Capital facilitates financing for its commercial equipment loans and leases. The new facility increases Dext Capital’s borrowing capacity by an additional $25 million and, combined with existing warehouse facilities in excess of $275 million, provides support for Dext Capital’s growth and market expansion in the health and wellness markets.
“We appreciate the continued endorsement of the financial community with the additional flexibility of a revolving credit facility to support our business growth,” Kyin Lok, CEO of Dext Capital, said. “Our team strives to be the lender of choice for our healthcare customers and manufacturer partners with custom solutions and transaction certainty, which will be even more vital to the medical industry in 2021.”
“We are pleased to provide incremental capital to Dext Capital as they execute on their growth strategy,” Tom Dierdorff, managing director and financial services group head at Regions Bank, said.