Portsmouth, NH (PRWEB) February 11, 2013
Immediate Cash Company, a foremost provider of tools leasing, organization financial loans, and doing work funds, announced right now that it has accomplished a $ 163 million phrase securitization of products lease backed notes. This financing will be used to help the companys quick new organization growth and to decrease the volume of borrowings excellent underneath the companys numerous credit rating facilities.
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The transaction was a non-public providing manufactured to qualified institutional purchasers pursuant to Rule 144A underneath the Securities Act of 1933, as amended. The organization issued 5 courses of notes, which ended up rated AA to BB by Normal and Poors. DBRS rated the senior notes AAA. Immediate Capital Funding IV, LLC, a particular-purpose entity wholly owned by Immediate Cash, served as issuer. Guggenheim Securities acted as the preliminary purchaser of the notes.

This transaction strengthens our balance sheet and our capacity to deploy capital to the critically underserved small company population, mentioned Direct Capitals Main Economic Officer Dawn Gillette. Its a real affirmation of Immediate Capitals monitor record as a top enterprise lender.

Mrs. Gillette and Direct Funds thanked their partner, Guggenheim Securities, for their contributions to this profitable transaction.
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About Direct Cash
Set up in 1993, Immediate Cash (http://www.directcapital.com) provides financing for small- to mid-ticket products and technology purchases, operating cash, and enterprise loans. The company is headquartered in Portsmouth, N.H. and operates workplaces in New York, California, and Ga. You can follow Immediate Cash on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank weblog at http://site.directcapital.com/.

About Guggenheim Companions &#thirteen
Guggenheim Partners is a privately held world-wide economic services organization with more than $ one hundred sixty billion in belongings beneath administration. The organization offers asset management, investment decision banking and funds marketplaces companies, insurance policies, institutional finance, and expenditure advisory remedies to establishments, governments and companies, businesses, expense advisors, family workplaces, and folks. Guggenheim Companions is headquartered in New York and Chicago and serves clients close to the world from more than 25 offices in 8 international locations. For much more info about Guggenheim Companions, visit guggenheimpartners.com.
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