Aequum Capital expands warehouse line to $80 million

By William Gullotti

Buffalo, N.Y., March 5 – Aequum Capital Financial LLC increased its revolving credit facility to $80 million, according to a press release on Tuesday.

Texas Capital Bank and Wells Fargo & Co. provided the additional financing, which will be used for portfolio growth.

The original equity base of the facility, led by Castlelake, LP, was not disclosed in the press release, nor were details such as tenor and interest rate.

Based in Chicago, Aequum is a non-bank lender that provides senior ABL and other loan facilities to small and medium-sized businesses in amounts up to $25 million.

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