First Capital has renewed and extended the maturity on its $150 million senior secured credit facility with DZ BANK.
The early extension is to June 2013 from June 2012. First Capital offers asset-based lending and factoring services. The company's clients typically have annual revenues ranging from $10 million to $100 million and have event-driven needs such as rapid growth or turnaround.
"We are very pleased to extend our commitment to First Capital for an additional year," said Christian Haesslein, vice president in DZ BANK's asset securitization group. "It is important to the bank to continue to support middle-market companies and to allow entrepreneurs with good business plans to obtain financing for their businesses and create new job opportunities."