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ECN Capital Corp T.ECN.DB.A


Primary Symbol: T.ECN Alternate Symbol(s):  ECNNF | T.ECN.DB | T.ECN.DB.B | T.ECN.PR.C | ECNCF

Financial Services
ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles and Marine Finance. It operates through three businesses: Triad Financial Services, which manufactures home loans; Source One Financial, which is engaged in nationwide marine and RV lending; and Intercoastal Finance Group, which is engaged in national marine and RV lending. It provides prime credit portfolio solutions: Secured consumer loan portfolios, which manufactures home loans, and Secured consumer loan portfolios, which provides marine and RV loans.


TSX:ECN - Post by User

ECN Capital Corp > re-Triad Financial Services Announces $1.14 Billion...
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Post by bmbruceon Aug 14, 2023 8:06pm
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Post# 35588086

re-Triad Financial Services Announces $1.14 Billion...

re-Triad Financial Services Announces $1.14 Billion...

Triad Financial Services Announces $1.14 Billion in Consumer Financing


This announcement looks promising for ECN, with its subsidiary Triad Financial Services securing $1.14 billion financing from Blackstone's Asset-Based Finance (ABF) Group…. this capital infusion not only signifies a considerable financial uplift but also directly contributes to heightened revenue and market prominence for ECN… moreover, the deal aligns with the CEO's commitment to innovation and collaboration, amplifying ECN's dedication to improving services and expanding the dealer network. 

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