London,
UK -- Equities First Holdings, LLC (EFH), a global provider of
shareholder financing, confirms it has returned all shares used as
collateral as part of a loan agreement with Joel Leonoff, chief
executive of Paysafe plc as announced by the company on 24 March,
2017 (Details
Here). Mr. Leonoff entered into the loan in March
2014 and has repaid his loan in full.
Since
establishing its London office in 2013, EFH has carried out more than
[£45MN] of shareholder loans to Professional Investors. The Paysafe
plc transaction is the second public repatriation of shares --
following a full repayment by Andrew Newland, CEO of Angle plc on 27
October, 2016 (Details
Here). There are currently a portfolio of publicly
announced or privately transacted UK loan agreements on the EFH books
and discussions continue with other potential clients in the UK and
throughout Europe.
"We
are very pleased with the progress made by our London office, which
is spearheading our commitment of US$100m of further investment for
lending to the European Professional market in general," said
EFH founder and CEO, Al Christy, Jr.
Meanwhile,
EFH -- which is based in the USA -- has announced in the month of its
15th anniversary that it has successfully completed more than 700
transactions since its inception and delivered in excess of US$1
billion to clients in the past four years alone.
EFH
(http://www.equitiesfirst.com)
continues global expansion -- with 9 offices in the USA, Europe, the
Far East and Australia -- thanks to an investment model that takes
advantage of natural, organic cycles in the market.
"Securities-based
lending is a long-standing financial tool used by companies,
governments, and individuals every day," said Christy. "But
very few financial institutions, including large commercial banks,
can offer non-recourse features or loans with a low cost of funds. We
have a successful track record because we live and breathe
equities-based lending every day."
Equities
First (London) Limited is authorised and regulated by the Financial
Conduct Authority of the United Kingdom, register number 605564.
Media
Contact:
Brandon
Russell
+1-866-507-9160
