FOR IMMEDIATE RELEASE

 

FIRST CAPITAL RENEWS TWO SENIOR SECURED FACILITIES WITH WESTLB AG

BOCA RATON, Fla, August 5, 2009 – First Capital, a leading financial services firm, announced that it had renewed two credit facilities with WestLB AG totaling $335 million.  In addition to the $335 million renewal, DZ Bank recently announced a $175 million facility renewal.

The facilities will be used by First Capital to provide vitally necessary asset-based working capital lines of credit to small and medium-sized businesses in order to meet their liquidity needs.   

“We appreciate WestLB renewing its commitment to First Capital and for continuing to keep credit pumping into our economy which is crucial in today’s economy,” John W. Kiefer, Chief Executive Officer of First Capital. “Not only is WestLB helping keep American companies in business, but because of First Capital’s diligent lending, WestLB is helping maintain the jobs of employees at those companies as well as the jobs at their vendors and suppliers.”

About First Capital

First Capital (www.FirstCapital.com) is a leading commercial financial services firm providing prompt, professional and reliable working capital solutions and outsourcing, primarily for middle-market companies and institutions.  With over $1 billion in total committed lines of credit, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States.  The firm focuses on asset-based lending, accounts receivable management, credit protection, international supply chain financing and servicing for clients in North America and Asia.  The firm also manages asset portfolios for clients and is an active issuer of receivables-backed securities.  Combining a unique blend of traditional and progressive banking methods, First Capital provides clients with customized support needed to grow and maintain their business.  Based out of Boca Raton, Florida, the firm has full-service offices in major cities including New York, Los Angeles, Atlanta and Oklahoma City as well as Asian subsidiaries in Hong Kong and Manila. 

About WestLB

WestLB AG is one of Germany´s leading financial services providers and offers the full range of products and services of a universal bank, focusing on lending, structured finance, capital market and private equity products, private banking, asset management, transaction services and real estate finance.  WestLB has total assets of €295.9 billion, as of August 30, 2007.  For more information, please visit www.westlb.com.

In the United States, certain securities, trading, brokerage and advisory services are provided by WestLB’s wholly owned subsidiary WestLB Securities Inc., a registered broker-dealer and member of the NASD and SIPC.

 

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