MeriCap Credit Corp Completes $50 Million Asset-Backed Commercial Paper Conduit Facility with Bank of Montreal
OAKBROOK, IL (January 29, 2007) -- MeriCap Credit Corporation subsidiary MeriCap Funding, LLC has completed a $50 million asset-backed commercial paper conduit facility with Bank of Montreal. US Bank Corp is acting as custodian and back-up servicer. MeriCap Credit Corporation is both the originator and servicer of the transaction. The $50 million conduit facility will be used to finance equipment loans and leases originated from the direct Commercial Vehicle dealer business.
