Dext Capital Upsizes Corporate Note Financing

PORTLAND, Ore., March 25, 2024 (Newswire.com) - Dext Capital (Dext), a leading essential-use healthcare equipment lessor, announces the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.

Founded in 2018, Dext specializes in providing financing solutions primarily to the healthcare industry, helping customers acquire and upgrade critical equipment, improve cash flow and manage risk. As a well-capitalized platform with extensive sector expertise and a focus on customer service, Dext has established itself as a trusted partner for hospitals and other healthcare providers throughout the United States.

“We continue to expand our platform as demand for healthcare equipment remains elevated,” said Kyin Lok, Chief Executive Officer of Dext. “We appreciate the support of our capital partners who recognize the value of our solutions to markets that are increasingly underserved by bank lenders."

Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.

About Dext Capital

Dext Capital is an independent equipment finance company with strong financial sponsorship from Sightway Capital, a Two Sigma company, and a leadership team of industry veterans with over 150 years of combined leasing experience.  The executives team leverages demonstrated skill and knowledge to create an equipment finance company the "right way" - enabled by innovative technology and effective use of data, unburdened by current barriers to customer excellence, and focused on successful growth by employing the best people and embracing a respectful culture. For more information, please visit: www.dextcapital.com  

About Sightway Capital

Sightway Capital is a Two Sigma company focused on middle market growth equity investing in financial services and real assets. The company employs a principal mindset and flexible capital approach to building successful business platforms with experienced operators and strategic partners. The team at Sightway Capital thinks long-term, targeting business opportunities that we believe afford both asymmetric risk rewards and enterprise value creation over time. They look for opportunities in and around several asset-intensive industries where our team has significant experience and a network of long-standing relationships.  For more information, please visit www.sightwaycapital.com 
 

Source: Dext Capital