Regents Capital, a provider of equipment leasing and financing solutions to middle-market borrowers, announced the successful extension and upsize to $150 million of its revolving credit facility with Bank OZK. Proceeds drawn on the facility will be used to fund new originations and fuel business growth.
“This upsize, in parallel with our recent corporate notes closing, will allow us to write more business and tap into unfunded demand,” stated Don Hansen, Chief Executive Officer of Regents. “We are excited about what these transactions mean for our team and the continued success of our platform.”
Dennis Odiorne, President of Regents, added, “We are very pleased to build upon our longstanding partnership with Bank OZK and look forward to working together as we continue to grow our book over the course of the next three years.”
Brean Capital served as the company’s exclusive financial advisor in connection with the transaction.
