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Marblegate Capital Corporation Closes on $137 Million in Financings to Support Fleet Operations Growth, Strategic Initiatives
Prnewswire· 2026-01-05 23:48
Core Insights - Marblegate Capital Corporation (MCC) has secured approximately $137 million in financing to enhance its operations and expand its fleet through Signal Taxi, focusing on a "driver-first" approach [1][2] Financing Details - MCC closed a $120 million revolving loan facility with DZ Bank, New York Branch, and a $17.2 million term loan with Auxilior Capital Partners to support strategic growth initiatives [2] - The financing will enable Signal Taxi to invest in driver experience, expand its fleet of medallions and wheelchair accessible vehicles (WAVs), and explore new growth opportunities [1][2] Operational Expansion - In 2025, Signal Taxi added more vehicles than any other taxi fleet operator, contributing to over one-third of all new WAV vehicles in the market [3] - MCC plans to open two additional Taxi Clubhouses in New York City, building on the program initiated in 2023 with the first Taxi Clubhouse in Chelsea [3] Market Position - MCC claims to be the largest publicly traded company in the NYC taxi market, leveraging its extensive industry experience and operational capabilities to transform the taxi industry [4] - The company has played a significant role in the NYC MRP+ medallion debt relief program, aimed at providing financial relief to drivers affected by predatory lending practices [4] Company Overview - Marblegate Capital Corporation is a vertically integrated, full-service fleet operator and specialty finance lender in the NYC taxi market, specializing in NYC taxi medallions [5] - The company holds a loan portfolio collateralized by nearly 1,700 medallions and owns over 2,000 medallions, positioning itself as a leading lender and owner in the market [5]
Shawbrook extends OSBF partnership and offers loan facility to Castelnau
Yahoo Finance· 2025-10-17 14:43
Core Insights - Shawbrook has extended its partnership with One Stop Business Finance (OSBF) by providing a £65 million ($87.2 million) revolving loan facility to Castelnau Group, marking a significant development in their collaboration [1][3] - The lending agreement with OSBF has been enhanced by 50% to reach £30 million, reflecting the growth and mutual objectives of both companies over the past six years [1][2] Group 1: Shawbrook and OSBF Partnership - OSBF, established in 2014, specializes in asset-based financial services for small and medium-sized enterprises (SMEs), including bridging finance and working capital loans [2] - The initial engagement between OSBF and Shawbrook began in 2019 with a £3 million revolving credit line, which has seen progressive increases, culminating in a loan book exceeding £50 million [2][3] - Shawbrook's director Matthew Newman highlighted the strong demand for funding and support provided by OSBF, indicating a robust relationship between the two entities [3] Group 2: Castelnau Group Loan Facility - The £65 million revolving loan facility for Castelnau Group is notable for its size and the substantial initial drawdown, which exceeded 90% of the facility [4] - Castelnau Group, managed by Phoenix Asset Management Partners, focuses on investing in UK-based small to mid-cap private companies, emphasizing sustained value growth and strategic capital deployment [4] - Shawbrook's director Ismail Farhat expressed confidence in Castelnau's business model and track record, indicating a commitment to support their growth and operational strengthening [5]