LOS ANGELES–( COMPANY CABLE)– Hana Financial, Inc., among the largest non-bank specialized commercial
lending institutions in the country, revealed today that it has actually safeguarded a brand-new $100.
million factoring credit score facility via an issuance of the Collection.
2017-1 Factoring Agreement Backed Notes.
The new credit report facility by Hana Financial SPV I, LLC, is a multi-tranche.
facility with $70 million designated for term tranches and also $30 million.
designated for rotating tranches. This transaction changes the existing.
credit history facility for Hana Financial’s factoring business.
For the financing, Guggenheim Stocks, LLC served as sole syndication.
representative and arranger, Jeffer, Mangels, Butler amp; Mitchell, LLP served as.
lawful counsel for the debtor, and also Alston amp; Bird LLP served as legal.
guidance for the syndication agent and arranger. For the brand-new credit history.
center, CBIZ MHM, LLC will work as note representative, as well as Wells Fargo Bank,.
NA will certainly function as custodian, backup servicer and note representative’s financial institution.
In conjunction with the refinancing, Hana Financial has actually restructured its.
corporate structure, producing a brand-new wholly-owned subsidiary, Hana.
Commercial Finance, Inc. for its factoring as well as possession based financing.
units. Developed in 1994, Hana’s factoring unit is one of the 10.
biggest factoring businesses by factoring quantity in the nation with.
operations in Los Angeles, CA and New York, NY.
About Hana Financial, Inc.
. EstablishedEstablished in 1994 by Sunnie S. Kim, Hana Financial, Inc. is a L.a.
based varied economic services strong concentrating on factoring,.
asset based lending and also SBA borrowing. In 2016, Hana Financial had over $2.
billion in factoring as well as loan companies. For more detailsFor more details, visit www.hanafinancial.com or.
telephone call 213.240.1234.