Corinthian gets $50mn bridge capacity to begin replacing Vesttoo-sourced LOCs

Corinthian has told trading partners it has secured $50mn of interim or bridge capacity from an investor that it will use to begin replacing Vesttoo-sourced letters of credit “as soon as possible”, having lined up at least $550mn of total capacity from the unnamed firm, Program Manager can reveal.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com