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OTC Global Holdings Secures $55MM Loan from H.I.G.Whitehorse

November 28, 2022, 07:47 AM
Filed Under: Investor Services

OTC Global Holdings (OTCGH) secured a $55 million loan to fuelsStrategic growth. OTCGH intends to use the proceeds to fuel its strategic acquisitions roadmap and continue to recruit top brokerage talent.

Over the past 15 years, OTC Global Holdings has transformed into a highly technological interdealer brokerage firm focused 100% on global commodity markets, and being named Broker of the Year in 2011, 2016, 2017, 2019, and now 2022. OTCGH has built an unparalleled business model, focusing on the three key operational pillars of high quality execution, unrivaled customer service and innovative technology. OTCGH's portfolio includes nearly 20 of the industry's most powerful and agile independent brokerages across the world.

"We are pleased to announce today our partnership with a leading alternative asset manager in H.I.G. Whitehorse, who we believe will help bolster our record growth and consolidate our global position as the largest independent interdealer broker. We look forward to continuing to build out our platform while attracting the best talent across the world," said Javier Loya, Chairman and Co-CEO of OTC Global Holdings.

"We are very excited about our markets and the prospect of opportunity that the partnership with H.I.G. Whitehorse offers for us to continue to innovate in every commodity market around the world," added Joe Kelly, President and Co-CEO of OTC Global Holdings.

In reference to the financing 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."

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