PORTLAND, Ore., May 4, 2023 (Newswire.com) - Dext Capital (Dext), a leading healthcare equipment leasing company, announces the recent closing of an investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth and expansion initiatives for the business, primarily by funding new originations.
Founded in 2018, Dext specializes in providing flexible financing solutions to the healthcare industry, helping customers acquire and upgrade essential-use equipment, improve cash flow and manage risk. As a well-capitalized platform with deep sector expertise and a focus on customer service, Dext has established itself as a trusted partner for healthcare providers throughout the United States.
"This transaction allows us to optimize the Company's capitalization structure and accelerate our efforts for continued market growth," said Kyin Lok, Chief Executive Officer of Dext. "We appreciate the continued support of our institutional investors, who recognize our industry expertise and strong financial position."
Brean Capital, LLC served as the Company's exclusive financial advisor and sole placement agent in connection with the transaction.
About Dext Capital
Dext Capital is an independent equipment finance company with strong financial sponsorship from Sightway Capital, a Two Sigma company, and a leadership team of industry veterans with over 150 years of combined leasing experience. The executives team leverages demonstrated skill and knowledge to create an equipment finance company the "right way" — enabled by innovative technology and effective use of data, unburdened by current barriers to customer excellence, and focused on successful growth by employing the best people and embracing a respectful culture. For more information, please visit www.dextcapital.com.
About Sightway Capital
Sightway Capital is a Two Sigma company focused on middle market growth equity investing in financial services and real assets. The company employs a principal mindset and flexible capital approach to building successful business platforms with experienced operators and strategic partners. The team at Sightway Capital thinks long-term, targeting business opportunities that we believe afford both asymmetric risk rewards and enterprise value creation over time. They look for opportunities in and around several asset-intensive industries where our team has significant experience and a network of long-standing relationships. For more information, please visit www.sightwaycapital.com.Contact Information:
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Original Source: Dext Capital Closes Corporate Note Financing