Haversine Funding Closes More Than $40 Million in New Lender Finance & Participation Transactions
Haversine Funding, a trusted capital partner to the specialty finance market, is pleased to announce more than $40 million in recently closed lender finance and participation transactions. These loans and transactions span senior secured credit facilities and participation funding across factoring and asset-based lending. They reflect Haversine’s continued ability to provide flexible, scalable capital to both established finance companies and emerging lending platforms. As a lender finance firm, Haversine only provides capital to factors and commercial lenders, offering funding solutions to finance companies in any stage of their growth.
Selected Recent Lender Finance Transactions Include:
$20,000,000 participation in a $60,000,000 million accounts receivable facility supporting an electronic components sourcing and distribution platform serving manufacturers, OEMs, and contract manufacturers. The facility provides additional working capital to support increased purchase order activity and growing customer demand across the semiconductor and technology markets.
$10,000,000 senior secured lender finance facility for an established transportation factoring company, providing a more efficient and scalable capital structure to support the continued growth of its diversified trucking and logistics receivables portfolio.
$7,000,000 participation in a $10,000,000 factoring facility supporting a specialized electrical engineering, industrial controls, and automation services provider serving the oil and gas infrastructure market. The financing supports increased business volume and longer payment cycles associated with expanded work for a major energy company.
$2,000,000 senior secured lender finance facility for an emerging specialty finance platform providing receivables-based working capital solutions, initially focused on telecommunications infrastructure and related commercial service businesses. The facility is designed to support the platform’s early-stage portfolio development and future growth.
Several additional participation transactions supporting the working capital and growth needs of commercial clients and borrowers across a range of industries.
About Haversine Funding
Haversine Management and its subsidiaries, headquartered in Dallas, Texas, provide fast, fair, and flexible funding solutions to commercial lenders. Formed in 2018, Haversine supports factors, asset-based lenders, and other specialty finance companies with senior and junior credit facilities up to $30 million, participation programs, and structured capital solutions designed to enable growth and manage concentration risk. To learn more about our financing solutions or our new Vector equity + debt program, visit www.haversinefunding.com or listen (or watch) our podcast In Focus with Haversine – now with over 200,000 views – available on YouTube, Spotify, Apple Podcasts, and LinkedIn.