Vantage Commodities Enters into $50,000,000 Credit Facility with Macquarie Bank Limited
NEW YORK, Oct. 28, 2014 /PRNewswire/ -- Vantage Commodities Financial Services, LLC ("Vantage") today announced that it has entered into a $50,000,000 credit facility with Macquarie Bank Limited ("MBL") to support Vantage's structured commodity finance and energy supply company ("ESCO") credit support business. The transaction enables Vantage to re-finance an existing facility with EDF Trading North America ("EDF").
J. Scott Perry, Vantage CEO, said, "Our new relationship with Macquarie enables Vantage to expand our commodities finance platform. Over the next 12 months, we will be exploring new ventures and projects that build on our core strengths in providing financing services to retail marketers of electricity and natural gas."
Mr. Perry added, "Target areas for growth include accounts receivable financing and demand response support. The relationship with Macquarie provides Vantage broad access to the capital markets and allows Vantage to build out its presence in the mezzanine markets related to specialized lending opportunities."
Founded in 2011, Vantage provides direct funding to asset-backed opportunities in the energy sector, focusing primarily on accounts receivable and inventory supply financing. Originally formed as a joint venture between VMAC, LLC and EDF, Vantage is now a wholly-owned subsidiary of VMAC, LLC.
About Vantage
Vantage Commodities Financial Services, LLC offers capital efficient and scalable trade credit solutions to the energy sector. Its primary products are asset-backed credit facilities related to the purchases of energy commodities.
For more information, please visit http://www.vantagecommodities.com/
Contact:
David Allan
[email protected]
646-935-4301
SOURCE Vantage Commodities Financial Services, LLC
Related Links
http://www.vantagecommodities.com
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