October 15, 2007 10:45 ET

First Capital Gets Two-Year Extension on $250 Million Senior Secured Credit Facility With WestLB

WEST PALM BEACH, FL--(Marketwire - October 15, 2007) - First Capital, a leading commercial financial services firm, announced today that WestLB has renewed a $250 million senior secured facility with First Capital for another two years. First Capital also has a second line of credit of $150 million with WestLB.

"WestLB has been a terrific partner with First Capital, and we are pleased that they have renewed the line for another two years," said Mark Sunshine, President and COO of First Capital. "It shows the magnitude of confidence that WestLB has in First Capital and we look forward to continuing our business with them over the next two years and beyond."

"This facility illustrates that even in difficult markets, WestLB remains committed to meeting the financing needs of our clients," said Brian Statfeld, Global Head of Asset Securitization at WestLB. He continued to say, "First Capital's level of insight and integrity exemplifies the exceptional value we look for in a partner."

About First Capital

First Capital ( is a leading commercial financial services firm providing prompt, professional and reliable working capital solutions and outsourcing, primarily for middle-market companies and institutions. With over $1 billion in total committed lines, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. The firm focuses on senior secured lending, accounts receivable management, credit protection and international supply chain financing and servicing for clients in North America and Asia. The firm also manages asset portfolios for clients and is an active issuer of receivables-backed securities. Combining a unique blend of traditional and progressive banking methods, First Capital provides clients with customized support needed to grow and maintain their business. Based out of West Palm Beach, Florida, the firm has six full-service offices in major cities including New York, Los Angeles, Ft. Lauderdale, Oklahoma City and Atlanta and a subsidiary that is headquartered in Hong Kong.

About WestLB

WestLB AG is one of Germany's leading financial services providers and offers the full range of products and services of a universal bank, focusing on lending, structured finance, capital market and private equity products, private banking, asset management, transaction services and real estate finance. WestLB has total assets of EUR 295.9 billion, as of August 30, 2007. For more information, please visit

In the United States, certain securities, trading, brokerage and advisory services are provided by WestLB's wholly owned subsidiary WestLB Securities Inc., a registered broker-dealer and member of the NASD and SIPC.

Contact Information

  • Media Contact:
    Suzanne Dawson
    Linden Alschuler & Kaplan
    Email Contact