Accord Financial Acquires Portfolio of Loans from Brome Capital
October 11 2013 - 9:00AM
PR Newswire (Canada)
TORONTO,
Oct. 11, 2013 /CNW/ - Accord
Financial Corp. (TSX: ACD) announced today that it has acquired a
portfolio of factoring and asset-based loans from Brome Capital
through its subsidiary, Accord Financial Inc. (AFI). After
taking into account the acquisition, Accord's portfolio of loans
currently exceeds $120 million.
Fred Moss,
President of AFI, stated: "The acquisition of this portfolio of
loans reinforces our leadership position as a provider of factoring
and asset-based lending to the Quebec market. The profile and quality
of the acquired assets fits perfectly into our current
portfolio."
About Accord Financial Corp.
Accord is a leading North American provider of factoring and other
asset-based financial services, including financing, credit
investigation and guarantees, collection services, and supply chain
financing for importers. Accord has been in business for over 35
years and operates out of two offices in Canada and one in the USA. The Company is currently the only
factoring and asset-based lending company listed on the Toronto
Stock Exchange. For further information please visit
www.accordfinancial.com or contact:
SOURCE Accord Financial Corp.
Copyright 2013 Canada NewsWire
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