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Be the first with the news that moves the market- Solution Financial (SFI) has established a securitization facility for up to $35 million with Sun Life Assurance Company of Canada
- Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions
- This securitization facility will enable Solution Financial to access the growth capital to expand its market share in Ontario
- Solution Financial specializes in sourcing and leasing luxury and exotic vehicles, yachts, and other high-value assets
- Solution Financial Inc. (SFI) is up 3.33 per cent, trading at C$0.31 per share at 2:01 pm ET
Solution Financial (SFI) has established a securitization facility for up to $35 million with Sun Life Assurance Company of Canada.
Sun Life is a leading international financial services organization. It provides asset management, wealth, insurance and health solutions to individual and institutional clients. It is the primary life insurance subsidiary of Sun Life Financial Inc., which will be advised by SLC Management.
This securitization facility will enable Solution Financial to access the growth capital to expand its market share in Ontario. It will also further enhance its network of premium luxury automotive dealerships in British Columbia and Alberta.
Bryan Pang, Chief Executive Officer of Solution Financial, commented on the news.
“We are thrilled to announce this wonderful new financing partnership with Sun Life. Solution Financial continues to build out its offering and infrastructure in collaboration with Geminus Acquisitions & Management Inc. Geminus has been instrumental in supporting the Company’s long-term growth initiatives and the facilitation of this new relationship with Sun Life.”
Geminus was paid a fee to facilitate the establishment of the credit facility. Geminus is an independent financial company that facilities consumer and commercial lending solutions across various asset types and credit classes.
Solution Financial specializes in sourcing and leasing luxury and exotic vehicles, yachts, and other high-value assets.
Solution Financial Inc. (SFI) is up 3.33 per cent, trading at C$0.31 per share at 2:01 pm ET.
