Freedom Truck Finance, a Dallas-based secondary truck and trailer finance company, has entered into a $200 million senior secured credit facility with Deutsche Bank. The proceeds were used to repay the company’s existing senior revolving credit facility and also will be used to fund new portfolio growth, according to a Nov. 21 press release.
“This new facility enhances our ability to provide competitive lending solutions to truck and trailer dealers all over the country who serve the independent owner-operator,” Freedom Truck Finance President David Leventhal said.
Founded in 2013, Freedom Truck Finance is a portfolio company of SunTx Capital Partners that delivers lending services in the United States. The agreement with Deutsche Bank has positioned it for the next several years of originations, according to the release.