
FOR IMMEDIATE RELEASE
FIRST CAPITAL RENEWS FINANCING FACILITY WITH
SOCIETE GENERALE
BOCA RATON, Fla, September 15, 2009 – First Capital, a leading financial services firm, announced that it has renewed a $75 million senior secured facility with Societe Generale.
“First Capital is pleased to renew our relationship with Societe Generale and we appreciate their continued support, of both our business and our clients,” said Mark Hogard, Executive Vice President & Chief Financial Officer, First Capital. “Societe Generale’s facility will continue to provide vital asset-based lines of credit to well-run small and mid-sized businesses in order to meet their working capital needs.”
John W. Kiefer, CEO and President of First Capital remarked, “Despite one of the worst credit environments in U.S. history, we were able to renew all of our credit facilities that came up for renewal this year. Those lines of credit totaled $680 million and although concessions were made, all of the facilities were renewed at acceptable terms.”
Mr. Kiefer went on to say, “First Capital’s creditworthiness is a testament to our current strength and position in the marketplace and a result of high credit and underwriting standards as well as a commitment to exceptional client service.”
About First Capital
First Capital (www.FirstCapital.com) is a leading specialized commercial finance company providing prompt, professional and reliable secured lending, credit protection and outsourcing. The firm directly provides these programs primarily to small to mid-sized companies. In addition, the First Capital works with financial institutions, fund managers and other asset managers to manage portfolios and provide servicing. First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. The Company differentiates itself in the market by (i) providing prompt, professional and reliable service to its clients, (ii) employing highly experienced origination, credit and finance professionals, and (iii) developing creative, customized solutions for clients. First Capital believes that premium service, the quality of its professionals and its efficient delivery structure make it the preferred lender and service provider. Based out of Boca Raton, Florida, the firm has other full-service offices in major cities including New York, Los Angeles, Atlanta and Oklahoma City as well as Asian subsidiaries in Manila and Hong Kong.
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