Heritage Global, an asset services company specializing in financial and industrial asset transactions, upsized a $17 million credit facility with C3bank, which includes the renewal of its existing $10 million line of credit as well as a new $7 million term loan.
“We are seeing strong growth across our business and this new credit agreement with C3bank increases our borrowing capacity and further supports our ability to continue to go after the opportunities we are seeing in the marketplace,” Ross Dove, CEO of Heritage Global, said. “C3bank has been an excellent lender for us, and we appreciate their partnership as we execute on our strategy and drive value for our shareholders.”
“As we have grown our bank, we are proud of the success of the companies we partner with to help them achieve their business goals,” Adam J. Moyer, CEO of C3bank, said. “Our relationship with Heritage Global is a great example of a good company and a good bank successfully complementing each another. We look forward to assisting Heritage Global as they continue to execute on their business strategy.”
