Catalyst-owned specialty lender Callidus Capital finalizes $252 mln IPO
Specialty lender Callidus Capital Corp (TSX: CBL) has completed its previously announced initial public offering of 18 million common shares, raising gross proceeds of $252 million. An over-allotment option, if exercised, may increase proceeds to nearly $290 million. Callidus also announced that it has entered into an agreement that provides for a revolving credit facility of up to US$200 million. The company continues to be owned by Canadian private equity firm Catalyst Capital Group, which holds close to 61% of all shares. Founded in 2003, Callidus provides financing to businesses that are unable to obtain adequate financing from conventional lenders.
23 April 2014•4 mins read
