OTC Global Holdings (OTCGH) secures $55 million loan to fuel strategic growth
Summary
OTCGH has built an unprecedented business model centered on the three key operational pillars of quality execution, unrivaled customer service and innovative technology. We are excited about our markets and the prospect of opportunities partnering with HIG Whitehorse offers us to continue to innovate across the worlds commodity markets, added Joe Kelly, President and Co-CEO of OTC Global Holdings .Regarding the funding provided, Sam Goldworm, Managing Director at WhiteHorse Capital said, We look forward to working with the OTC management team to support the continued growth of the platform.OTCGH is the worlds largest independent institutional commodities broker, covering financial and physical instruments from offices in Chicago, Geneva, Houston, London, Louisville, New York and Singapore. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and executes transactions at hundreds of different commodity delivery points in Asia, Europe and the Americas. www.otcgh.comHIG WhiteHorse is the lending subsidiary of HIG Capital focused on providing flexible debt financing solutions to mid-market companies in Europe and the United States. HIG WhiteHorse operates a broad investment mandate, providing unitranche, senior and subordinated debt for refinancing, growth capital, acquisitions, buyouts and balance sheet recapitalizations.
Funding
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