Nexcap Finance Corporation

Nexcap Finance Corporation

September 16, 2011 12:32 ET

Nexcap Announces Establishment of $50 Million Facility Under Government VEFP Program

BURLINGTON, ONTARIO--(Marketwire - Sept. 16, 2011) - Nexcap Finance Corporation (NFC) announced today that they have closed a $50M equipment lease facility under the Vehicle and Equipment Financing Partnership (VEFP), which is managed and funded by the private-public partnership between Business Development Bank of Canada (BDC) and TAO Asset Management (TAO).

"The establishment of this facility allows Nexcap to steadily grow our business in times of economic uncertainty," said Bruce Sherk, President of Nexcap.

The transaction permits up to $50M of asset-backed funding, with new draws permitted on the facility for three years from the time of closing. The first disbursement under Nexcap's facility was made the second week of August.

Nexcap Finance Corporation is a Canadian-owned and operated company that offers equipment leasing, structured financing and supply chain financing solutions to clients in a wide range of industries across Canada.

About Nexcap Finance Corporation:

Nexcap Finance Corporation is a Canadian-owned and operated company that offers equipment leasing, structured financing and supply chain financing solutions to clients in a wide range of industries across Canada. With over 20 years of experience, Nexcap provides access to capital and equipment so its clients can take their businesses to the next level. Nexcap's goal is to provide differentiated financing products across multiple risk/return platforms. The firm is currently headquartered in Burlington, Ontario. For more information see; www.nexcap.com.

Contact Information

  • Nexcap Finance Corporation
    Michael P. Kilkenny
    Executive Vice President and Managing Director
    (905) 637-4467