As part of a new initiative, Textron Financial Corp. will be structuring private, unrated securitizations, in the role of investor, for middle-market independent finance companies.

The firm announced last week the formation of Finance Company Services (FCS), which is essentially a lender-to-lenders operation, which will be a division of Textron. In addition to structuring securitizations, FCS will be purchasing receivables from its clients on a whole-loan basis, and providing revolving lines of credit.

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