Foothill Unit Completes Debt Security Placement
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Foothill Group Inc. said its largest unit, Foothill Capital Corp., has completed a private placement of $55 million of debt securities with eight institutional lenders.
Foothill Group, with executive offices in Agoura Hills and Los Angeles, is a diversified financial services concern; its Foothill Capital subsidiary provides financing to businesses nationwide.
The company said the newly issued debt securities included $45 million of senior notes and $10 million of subordinated notes.
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