Catalyst-owned Callidus announces new securitization facility
Toronto-based specialty lending platform Callidus Capital Corp (TSX: CBL), a portfolio company of Canadian private equity firm Catalyst Capital Group, has announced a new securitization facility. Expected to be initiated at $165 million, the facility is intended to serve as the company's main senior growth-financing vehicle. Newton Glassman, chairman and CEO of Callidus, and a Catalyst managing partner, said the facility diversifies the company's funding and "will become an increasingly larger portion of our capital structure." Callidus, which went public in April 2014, is majority owned by Catalyst.
18 July 2016•4 mins read
