Accord Financial achieved record growth throughout 2018 and into 2019 and has added several new team members in order to maintain its high level of client service and responsiveness.
Accord Financial appointed Simon Hitzig president and chief executive officer, effective October 1, 2018. Former President and CEO Tom Henderson will remain with the company as vice chairman and director.
Accord Financial signed a new senior secured revolving credit facility totaling $292 million with a syndicate of banks. The Bank of Nova Scotia acted as administrative agent, sole arranger and sole bookrunner on the transaction.
Advantex Marketing International, a leading specialist in the marketing services industry, renewed its credit facility with Accord Financial.
Specialty finance company CapX Partners provided a $5 million ABL facility to Javo Beverage, a portfolio company of private equity firm Falconhead Capital.
Accord Financial added Kyle Moore as portfolio manager, a newly created position. Moore was previously with CapitalSource as an AVP, managing a portfolio of up to 20 credit facilities.