OTC Global Holdings (OTCGH) Secures $55 Million Loan to Fuel Strategic Growth

November 28, 2022

Source: PR Newswire

OTCGH intends to use the proceeds to fuel its strategic acquisitions roadmap and continue to recruit top brokerage talent. "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."

About OTC Global Holdings

OTCGH is the world's largest independent institutional broker of commodities, covering financial and physical instruments from offices in Chicago, Geneva, Houston, London, Louisville, New York and Singapore. OTCGH has been awarded "Broker of the Year" by Energy Risk. With a portfolio of nearly 20 companies, OTCGH is a liquidity provider on CBOT, ICE, NYMEX, and NODAL. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and transacts in hundreds of different commodity delivery points in Asia, Europe and the Americas. www.otcgh.com

About H.I.G. Whitehorse

H.I.G. WhiteHorse is the credit affiliate of H.I.G. Capital, focused on providing flexible debt financing solutions to middle market companies in Europe and the United States. Operating a broad investment mandate, H.I.G. WhiteHorse provides unitranche, senior and subordinated debt capital for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. Credit facilities typically range from €50 million to €175 million for companies with revenues of €30 million or more. For more information, please refer to the WhiteHorse website at: www.higwhitehorse.com.

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