TWG Capital, Indianapolis, has announced it has entered into a $100 million financing with Fifth Third Bank, MidAmerica Bank, a group led by Cardinal Growth, L.P., and Stark Investments. The financing includes a new asset securitization facility arranged by Fifth Third Bank and $6 million in equity capital from Stark Investments.
“This is an extraordinary milestone for our company,” said TWG Founder Jim Wallace. “We’ve come a long way over the past several years, and we believe our relationships with such established financial partners are evidence of that success.”
President Melanie Otto agrees. “This facility is a testament to our growth and ability to generate capital transactions,” said Otto. “In this increasingly competitive market, we need to improve our ability to place capital efficiently, delivering more value to our customers and capital partners. This new facility is essential to that mission.”