Protective Capital Structures Corp. (fka PCSO)

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Heritage Capital Credit Corporation Arranging $170 Million Financing
Date : 02/05/2008 @ 12:10PM
Source : PR Newswire
Stock : (HCPC)
Quote : 0.0001 -0.0001 (-50.00%) @ 12:56PM
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Heritage Capital Credit Corporation Arranging $170 Million Financing





WILMINGTON, Del., Feb. 5 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today announced that it is arranging short-term financing of $170 million for a commercial revenue producing project. An independent third party lender has issued the letter of interest for financing and anticipates scheduling the closing upon completion of its due diligence. This financing is expected to ultimately roll into the BCLOC program.

On December 21, 2007, the Company announced that it had arranged a funding commitment through an independent third party lender for a $6 million commercial revenue producing project. This transaction is expected to close on or before February 25, 2008.