Entaire Secures More Than $200MM In Credit Facilities
DULUTH, Ga., June 28, 2010 – Entaire Global Companies, a diversified financial services company, announced today that its lending subsidiary, Global One Financial, Inc. has closed its latest funding round, a multi-bank $160 million conduit funded credit facility led by Crédit Agricole Corporate and Investment Bank. Other participants include Comerica Bank, Wells Fargo and Commerzbank.
Simultaneously, the Company closed a $26 million term note and $15 million warehouse credit facility. The agreements support Entaire’s growth strategy and provide the company with greater financial flexibility to tailor its Leveraged Planning® Program to meet the needs of its clients in a rapidly evolving financial market.
As the Company’s lending subsidiary, Global One offers funding to Leveraged Planning Program borrowers and the ever-expanding client base of Entaire’s subsidiaries Global Financial Distributors and Allied Marketing Partners.
“Crédit Agricole CIB is a strong addition to an already excellent group of funding partners,” said Jonathan D. Rosen, CEO, Founder and Chairman of Entaire’s Board of Directors. “This agreement provides us with a flexible financing relationship that will help us open new markets and make our existing products even more attractive.”
“We are excited to have closed on this facility and are even more excited about the long-term prospects of growing our relationship with Entaire and its team of proven professionals,” commented Jorge Fries, Managing Director in the Securitization department of the Debt-Capital Markets Group at Crédit Agricole CIB.
About Entaire
Entaire Global Companies, Inc. a privately held, diversified financial services holding company, is headquartered in metropolitan Atlanta, GA. Founded in 1997, Entaire is dedicated to providing unique financial strategies and solutions through its subsidiary companies to a diverse corporate client base. Entaire’s affiliations with world-class financial institutions and insurance companies enable it to offer innovative solutions for businesses, medical practices and individuals - with an advantage in tax efficiency, stability and selectivity over traditional financial vehicles.
