tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, March 5th, 6:23PM

Investments

rss
Latest Headlines

Instant Finance on expansion trail

Mid-sized finance company Instant Finance has secured a $50 million funding facility to help it fund expansion plans.

Wednesday, April 11th 2007, 5:29AM
The line of credit is being provided by Fortress Credit Corporation, a subsidiary of Fortress Investments, a publicly listed New York based fund manager with more than US$30 billion of equity funds under management. "Instant Finance sees the availability of this facility principally as a resource to enable expansion by way of acquisition," Instant Finance chief executive Richard de Lautour says.

"We are aware of the potential for consolidation in the industry and this agreement will allow us to continue to pursue any quality opportunities that may present themselves'.

Instant Finance has a B3 'Investment Grade' rating from Risk Analysis, the local successor to global corporate credit rating agency Rapid Ratings.

Instant Finance is primarily lending in the consumer finance sector. It has 17 retail branches in the North Island.

« NZ Finance buys 51% of Finance DirectDeposit rates news briefs »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 0.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com