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Experity Ventures Closes up to $100MM Credit Facility for ProMed Capital

August 04, 2020, 09:05 AM
Filed Under: Industry News

Experity Ventures, LLC (EV) announced that it has closed on a structured credit facility for an initial $65 million and up to $100 million to support the growth plan for ProMed Capital. ProMed is a newly acquired portfolio company of Experity.

Experity Ventures Founder and Chairman, Joseph Greco stated, "This structured facility comes on the heels of our recent acquisition of ProMed Capital and supports our plan of accelerated, organic and strategic growth for the company. We plan to be disciplined, yet opportunistic in expanding on ProMed's leadership position in an exciting and evolving space." Experity CEO, Ryan Silverman added, "We were able to conclude this transaction under very favorable terms with a partner that sees the value of our platform and is equally excited to help us realize our growth potential."

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