First Capital, a Florida-based financial services firm, has renewed two credit facilities with WestLB, totaling $335 million. It has added that in addition to the $335 million renewal, DZ Bank has recently announced a $175 million facility renewal.
Reportedly, the facilities will be used by First Capital to provide necessary asset-based working capital lines of credit to small and medium-sized businesses in order to meet their liquidity needs.
John Kiefer, CEO of First Capital, said: “We appreciate WestLB renewing its commitment to First Capital and for continuing to keep credit pumping into our economy which is crucial in today’s economy. Not only is WestLB helping keep American companies in business, but because of First Capital’s diligent lending, WestLB is helping maintain the jobs of employees at those companies as well as the jobs at their vendors and suppliers.”
