Deutsche Bank served as administrative agent on the expansion of TriplePoint Venture Growth’s revolving credit facility to $325 million. Existing lenders include KeyBank, TIAA, FSB, MUFG, Hitachi Capital and NBH Bank. Customers Bank joined as a new lender.
In October, Hitachi Capital America established Hitachi Capital Canada. Before 2012 came to a close, the company acquired Hennessey Capital. In early 2013, Hitachi announced that Hennessey would offer equipment financing. ABFJ catches up with William H. Besgen, president and COO of Hitachi Capital America, Thomas Cross, general manager of Hitachi Capital’s Trade Finance Division, and Michael Semanco, president and COO of the Hennessey Capital Division, to learn more about these strategic moves.