DebtX to Sell Euro 35 Million in Italian Loans and Leases
DebtX, one of the largest loan sale advisors for commercial debt, today announced that it will sell euro 35 million of commercial loans and leases originated in Italy.
The commercial loan and leases were made between 1998 and 2002 by a large, captive commercial finance company belonging to a multinational group. The offering includes more than 130 loans and leases for construction, real estate, marine and industrial equipment, as well as furniture financing and other assets.
The sale is being conducted online at www.debtx.com on Thursday, Sept. 23, and investors are invited to review documents in advance to conduct due diligence. Materials are available in Italian and English.
"The loans and leases for sale through DebtX are a unique opportunity for global investors to purchase high quality assets originated in Italy," said DebtX CEO Kingsley Greenland. "DebtX is leveraging its extensive U.S. experience in creating liquidity for traditionally illiquid assets and expects strong interest from institutional and international investors seeking to diversify their portfolios."
DebtX was formed with the goal of establishing an electronic exchange for the trading of commercial loans, leases and other commercial financial instruments utilizing leading edge Internet technology. DebtX works with commercial banks, insurance companies, pension funds, investment banks, credit card companies, and consumer finance firms analyze, price and market single loans or pools of loans to buyers in the U.S. and abroad.
About DebtX
DebtX is one of the leading full-service loan sale advisors for commercial debt. DebtX helps financial institutions in the U.S. and abroad increase profitability and reduce risk by offering comprehensive loan sale advisory services that create liquidity in an institution's loan portfolio. DebtX operates the largest online marketplace of buyers and sellers of commercial debt and offers a variety of innovative information services, including DXMark, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DebtX serves commercial banks, insurance companies, investment banks, government agencies and other institutions seeking a competitive edge through active portfolio management. In the U.S. call +1-617-531-3400, or visit www.debtx.com. In Europe, more information is available by calling +001-617-531-3420.
Web site: http://www.debtx.com
Contact:
Greg Berardi of Blue Marlin Partners, +1-415-239-7826, or
greg@bluemarlinpartners.com, for Debt Exchange, Inc.