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Legacy Corporate Lending Provides $25 Million Asset-Based Credit Facility to 888VoIP
January 13, 2025
Source: Legacy Corporate Lending, LLC
PLANO, Texas – January 13, 2025 – Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it provided a $25 million asset-based credit facility to American Technologies, LLC (doing business as “888VoIP”) (or “the Company”).
Founded in 2006 and headquartered in Orchard Park, New York, 888VoIP is a leading value-added reseller (VAR) and distributor of telecommunications products and services, including VoIP phones, headsets, video conferencing systems, networking equipment, and related accessories.
“While the needs of businesses evolve, 888VoIP has established itself as a best-in-class distributor that facilitates communications infrastructure for small and medium-sized businesses,” said Clark Griffith, Chief Executive Officer of Legacy. “We are excited to welcome the company into our portfolio as we continue to expand our relationships with technology service providers.”
“As we continue to generate high demand for our services, we saw an opportunity to unlock additional liquidity from our working capital,” said Shawn Claybolt, Chief Executive Officer of 888VoIP. “The Legacy team understood the nuances and goals of our business and was able to provide creative financing that helps us achieve our ambitious growth projections. We look forward to a lasting relationship with them.”
"Forging a long-term partnership with 888VoIP is emblematic of our business strategy to support strong companies and experienced management teams,” added David Smith, Managing Director at Legacy. “Our deep sector expertise has allowed us to develop a bespoke, flexible financing solution which empowers the company to continue to expand and evolve."
Launched in May 2023 in partnership with Bain Capital Credit, L.P., Legacy provides revolving credit facilities and term loans to companies in an array of industries that seek to access capital outside of traditional bank lending or the syndicated lending market.
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About Legacy Corporate Lending
Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. Legacy provides direct financing to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy Corporate Lending is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com.
About American Technologies, LLC (d/b/a 888VoIP)
Founded in 2006, 888VoIP offers a wide range of products, including VoIP phones, headsets, video conferencing systems, networking equipment, and related accessories. Its comprehensive services include provisioning, API integration, logistics, device-as-a-service (DaaS) programs, blind shipping, hardware inventory management, product catalog management, RMA services, and technical support for hosted VoIP service providers. To learn more, visit 888voip.com
Media Contacts:
Scott Lessne / Thomas Conroy
Stanton
slessne@stantonprm.com / tconroy@stantonprm.com
(646) 502-3569 / (646) 502-9006