July 18, 2016 / 2:07 PM / in a year

BRIEF-Callidus announces new securitization facility

July 18 (Reuters) - Callidus Capital Corp :

* Received provisional investment grade ratings for loans to be issued through a new securitization facility

* Facility is expected to be initiated at $165 million and will augment Callidus’ existing facilities

* Proceeds will be used to partially repay outstanding amounts under existing facilities, which are expected to largely remain in place

* Callidus Capital announces new securitization facility Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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