Wallstreet obtains $105m secured credit facility

Wallstreet obtains $105m secured credit facility

Trading and treasury systems vendor Wall Street Systems has obtained a new $105 million secured credit facility from Wells Fargo Foothill.

The credit facility was arranged with the participation of Golub Capital, a middle market debt provider, says Wall Street.

The vendor says the funding will be used to finance "growth, potential acquisitions and general corporate purposes".

Karl Jaegar, CFO, Wallstreet, says in today's turbulent markets, the financing is a "significant show of confidence in Wall Street Systems".

"To have secured debt financing in this very tight credit environment demonstrates recognition of Wallstreet's financial strength," says Jaegar.

Earlier this year Wallstreet inked a deal to acquire the wholesale banking business of New York-based Aleri for an undisclosed fee.

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