Latest news with #commercialfinance
Yahoo
4 days ago
- Business
- Yahoo
Accord Announces Banking Facility Update
TORONTO, July 25, 2025--(BUSINESS WIRE)--Accord Financial Corp. ("Accord" or the "Company") (TSX – ACD) today announced that it has reached an agreement with its lending syndicate on a short-term extension of its main credit facility from July 26, 2025, to August 8, 2025. The Company and its lenders are in discussions relating to an amendment to the credit facility which is expected to extend the maturity date to December 2025, and the extension will provide additional time for such amendment to be finalized. About Accord Financial Financial is one of North America's most dynamic commercial finance companies providing fast, versatile financing solutions for including asset-based lending, factoring, inventory finance, equipment leasing, trade finance and film/media finance. By leveraging our unique combination of financial strength, deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive. Forward-Looking StatementsThis news release contains certain "forward-looking statements", and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the financial position of the Company, and the extension of the Company's credit facilities. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties including the fact that there is no assurance on the ability of the Company to enter into arrangements with its lenders to further extend the maturity date of its credit facilities on reasonable terms, or at all, and the Company's overall liquidity and capital resource position and its ability to repay its debt obligations when due, and those risks identified in the Accord's periodic filings with Canadian securities regulators. See Accord's most recent annual information form and most recent management's discussion and analysis of results of operations and financial condition for a detailed discussion of the risk factors affecting Accord. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. View source version on Contacts For further information, please visit or contact: Irene EddySenior Vice President, Chief Financial OfficerAccord Financial Corp.602 - 40 Eglinton Avenue EastToronto, ON M4P 3A2(416) 961-0304ieddy@
National Post
4 days ago
- Business
- National Post
Accord Announces Banking Facility Update
Article content Article content TORONTO — Accord Financial Corp. ('Accord' or the 'Company') (TSX – ACD) today announced that it has reached an agreement with its lending syndicate on a short-term extension of its main credit facility from July 26, 2025, to August 8, 2025. The Company and its lenders are in discussions relating to an amendment to the credit facility which is expected to extend the maturity date to December 2025, and the extension will provide additional time for such amendment to be finalized. Article content About Accord Financial Corp. Article content Accord Financial is one of North America's most dynamic commercial finance companies providing fast, versatile financing solutions for including asset-based lending, factoring, inventory finance, equipment leasing, trade finance and film/media finance. By leveraging our unique combination of financial strength, deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive. Article content Forward-Looking Statements Article content This news release contains certain 'forward-looking statements', and certain 'forward-looking information' as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'continue', 'plans' or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the financial position of the Company, and the extension of the Company's credit facilities. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties including the fact that there is no assurance on the ability of the Company to enter into arrangements with its lenders to further extend the maturity date of its credit facilities on reasonable terms, or at all, and the Company's overall liquidity and capital resource position and its ability to repay its debt obligations when due, and those risks identified in the Accord's periodic filings with Canadian securities regulators. See Accord's most recent annual information form and most recent management's discussion and analysis of results of operations and financial condition for a detailed discussion of the risk factors affecting Accord. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Article content Article content Article content Article content
Yahoo
21-07-2025
- Business
- Yahoo
Skipton reappoints Dan Grainger to lead SME growth
Skipton Business Finance has reaffirmed its commitment to supporting small and medium-sized enterprises (SMEs) across the North West with the appointment of Dan Grainger as its new regional sales director. In his new role, Grainger will focus on expanding Skipton's reach by providing working capital to businesses across the region. He will work alongside a trusted network of introducers and brokers, as well as the company's relationship management and risk teams. The appointment marks a return to Skipton for Grainger, who previously worked with the business from 2017 to 2021. He brings with him considerable experience in commercial finance, having held senior positions at institutions including Lloyds Banking Group and Praetura Invoice Finance. Speaking about his return, Grainger said Skipton's 'strong reputation in the market' and plans to enhance its product suite made the decision to come back an easy one. 'I've received such a warm welcome,' he added, 'and it's been great to reconnect with some familiar faces while making new connections. I'm really looking forward to helping even more businesses thrive across the North West.' Jim Furey, Skipton Business Finance's sales director for the North West and Midlands, welcomed Grainger's return, describing him as 'an invaluable asset' to the business. 'Dan's deep understanding of the SME landscape and impressive business development experience make him a strong fit for our growth plans,' said Furey. 'His client-first approach and extensive network align closely with our ethos of building strong, supportive partnerships.' Skipton Business Finance is part of the Skipton Building Society Group and specialises in funding SMEs across the UK. "Skipton reappoints Dan Grainger to lead SME growth" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
