Blue Bridge Financial, an independent commercial equipment finance company, upsized its existing corporate notes to $15 million. This incremental capital raise follows the company’s previously announced three-year extension of its corporate notes and one-year extension of its revolving credit facility. Blue Bridge will use proceeds from this transaction to leverage its credit facilities and support the continued growth of its financing platform.
Brean Capital served as Blue Bridge’s exclusive advisor and placement agent in connection with this transaction.
“The upsizing of our corporate notes is a strong endorsement of the stability and success of our company in a challenging environment and of our mission to transform the way businesses access capital,” Steve Dervenis, CEO of Blue Bridge, said. “With this additional funding and our existing credit facilities, we are well positioned to support our clients’ financing needs and growth in the new year.”
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