Equitable Bank acted as the sole lead arranger of a $60 million senior secured credit facility to support the recapitalization and growth of BridgePoint Financial Services.
“BridgePoint is a leader in Canada’s litigation finance industry and their long track record of high performance makes them an outstanding partner,” said Andrew Moor, president & CEO of Equitable Bank. “As Canada’s Challenger Bank this credit facility was attractive to us as it is non-market correlated and includes a diverse portfolio of secured assets in an area not typically well-served in Canada.”
This partnership highlights Equitable Bank’s latest achievement by its growing Specialized Finance group and demonstrates how it continues to challenge traditional banking.
Equitable Bank is a wholly-owned subsidiary of Equitable Group Inc. (TSX:EQB and EQB.PR.C) (Schedule I Bank regulated by the Office of the Superintendent of Financial Institution) with total Assets Under Management of more than $33 billion.
BridgePoint Financial Services is Canada’s leading provider of litigation financing solutions designed to meet the specialized needs of plaintiffs, lawyers and the experts involved in advancing legal claims.
