Veritas Financial Partners has raised USD125 million in debt and equity to provide for future growth. The company recently entered into a credit facility with BMO Harris Bank NA.
Veritas also secured a private equity investment from funds managed by Atalaya Capital Management as part of a strategic transaction which occurred earlier this year. Veritas will utilise the proceeds from the credit facility and the equity investment to continue expanding its lending platform.
“We are pleased with the closing of this credit facility and infusion of equity, which enhances our ability to serve our growing portfolio of borrowers,” says Gary E Jaggard, Chief Executive Officer of Veritas Financial Partners. “These funds will allow us to meet the significant financing needs within the market we serve.”
Mark Seigel, Chief Financial Officer of Veritas Financial Partners, adds: “Our successful transactions with BMO Harris Bank NA and Atalaya Capital Management are the culmination of our 2014 capital raising efforts, which have brought a combined $125 million of fresh capital availability to support our growth plans.”
