IFC Secures $50 Million New Credit Facility, Bolsters Ability to Provide Attractive Capital

 

For more info, contact:

Brian Cascarano
Vice President of Marketing
(847) 663-6700

bcascarano@
ifccredit.com
In a tightening credit market, IFC is pleased to announce that, as a direct lender, its ability to fund new business has been further increased by the establishment of a $50 million credit facility with HSH Nordbank AG.
The new credit facility provides uninterrupted rate protection and provides additional capacity to IFC’s existing conduit financing of $75 million, and warehouse and term facilities of $50 million.
These new facilities are an integral part of funding IFC’s total managed portfolio in excess of $250 million, and will be instrumental in accommodating IFC’s continued double-digit annual growth in commercial equipment leasing and financing.  
 “We are very pleased to be associated with HSH Nordbank, and appreciate their reputation and knowledge of the equipment leasing industry”, stated Rudy Trebels, President and CEO of IFC.   “This facility provides us with substantial flexibility at an attractive cost of capital, and allows us to continue our aggressive growth in select equipment leasing markets.”
“IFC Credit is pleased that we are able to attract solid partners like HSH Nordbank to provide credit facilities to fund our ongoing growth,” added Marc Langs, Chief Financial Officer for IFC.
With approximately 4,400 employees around the world, HSH Nordbank AG is one of Germany’s largest providers of financing to independent leasing companies and is an acknowledged partner in international capital markets. Headquartered in Hamburg and Kiel, Germany, the Bank has an extensive network of branches and offices throughout Northern Europe, with 17 international locations, including Hong Kong, London, and New York. Additional information on HSH Nordbank AG can be found at the company’s website: www.hsh-nordbank.com.