Blue Bridge

Blue Bridge Financial Extends Senior Credit Facility with DZ BANK

Retrieved on: 
Tuesday, January 30, 2024
SVP, Blue Bridge, BANK, ABS, Financial services

RESTON, Va., Jan. 30, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, announced the closing of a one-year extension of its $135 million revolving credit facility with DZ BANK.

Key Points: 
  • RESTON, Va., Jan. 30, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, announced the closing of a one-year extension of its $135 million revolving credit facility with DZ BANK.
  • "On the heels of Blue Bridge's inaugural ABS transaction, we are excited to facilitate the next phase of Blue Bridge's growth" said Cedric F. Probst, SVP at DZ BANK.
  • Blue Bridge Financial is a specialty equipment finance firm providing small and medium-sized businesses with secured loans for revenue-producing, essential-use equipment.
  • DZ BANK is the second largest bank in Germany and acts as central bank for approximately 700 cooperative banks in Germany.

Blue Bridge Financial Announces the Closing of $124.8 Million Inaugural ABS Transaction

Retrieved on: 
Tuesday, January 16, 2024
Organization, Sole, Blue Bridge, Truist, ABS, Financial services

RESTON, Va., Jan. 16, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, closed its first asset-backed securitization in the amount of $124.8 million.

Key Points: 
  • RESTON, Va., Jan. 16, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, closed its first asset-backed securitization in the amount of $124.8 million.
  • Blue Bridge has funded more than $800 million to over 9,000 businesses in 30+ industries across the U.S., since inception.
  • "We are proud to announce the closing of our first ABS transaction," said Blue Bridge Financial Chief Executive Officer Steve Dervenis.
  • Having the breadth and depth of investors in this inaugural issuance is testament to our platform and what we are building at Blue Bridge.

KBRA Assigns Preliminary Ratings to Blue Bridge Funding LLC 2023-1

Retrieved on: 
Wednesday, December 13, 2023
Banking, Professional Services, Finance, Blue Bridge, KBRA, Blue, ABS, Telescopic sight

KBRA assigns preliminary ratings to four classes of notes issued by Blue Bridge Funding 2023-1 LLC (Blue Bridge 2023-1) an equipment ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by Blue Bridge Funding 2023-1 LLC (Blue Bridge 2023-1) an equipment ABS transaction.
  • Blue Bridge 2023-1 represents Blue Bridge Financial, Inc.’s (Blue Bridge or the Company) first ABS transaction.
  • Blue Bridge is an independent finance company providing small and medium-sized businesses with secured loans and leases for revenue-producing, essential-use equipment.
  • Founded in 2009, Blue Bridge originally employed an originate to sell strategy.