Liberty Commercial Finance Closes Private Placement of $30MM of Unsecured Notes

Liberty Commercial Finance closed a private placement of $30 million aggregate principal amount of unsecured notes rated BBB by Egan Jones. Piper Sandler served as the sole placement agent for the offering.

“This successful issuance is an enormous milestone for Liberty and is truly transformative for the business,” Eric Freeman, president and CEO of Liberty Commercial Finance, said. “The team at Piper Sandler did a tremendous job understanding our business and presenting to a whole new pool of investors who we are thrilled to have join the Liberty family.”

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For privately held companies without public debt, Anzu's financing partner will need the following:

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Credit Tier A B C D
Existing Credit Rating(s) Fitch A- and above
Moody’s A3 and above S&P A- and above
Fitch BBB+ to B-
Moody’s Baa1 to B3
S&P BBB+ to B-
Rated by Fitch,
Moody’s or S&P but below B tier
Rating provided only by other agencies (e.g. Egan-Jones, Kroll, etc)
Not rated by any external party
Publicly traded Yes, on major exchange
Market capitalization exceeds $1B
Yes, on major exchange
Market capitalization between $100M and $1B
Yes, on minor exchange No
How many employees does the customer have? 10,000+ 1,000+ 100+ Less than 100
Does the customer have a history of profitability? Yes Yes No No
Is the customer a US or Canadian government entity? Yes No No No

Please note that the table of above is illustrative only and solely for the purpose of enabling you to estimate the credit tier of the customer. Anzu Capital Solutions’ financing partner will determine the credit tier of the customer once documentation is submitted.