ECN Capital Corp T.ECN

New Press Release - BharCap Partners Acquires Red Oak Inventory Finance

GREENWICH, Conn., March 22, 2024 /PRNewswire/ -- BharCap Partners, LLC ("BharCap"), a Greenwich, CT based private investment firm focused on the financial services sector, announces the successful carve-out and acquisition of Red Oak Inventory Finance ("Red Oak" or the "Company"), a commercial...read article.

[testomax]

Funny no mention of $$$....am i missing the number somewhere?

[Blueswin]

February 2024, ECN completed the sale of Red Oak (RV & Marine Inventory Finance platform) • Cash Proceeds of ~$153 million • Disposition expense of $4 million recorded in Q3 2023 • Proceeds applied to reduce senior term credit facility

[snootchybootchy]

This transaction closed on February 21. This explains the 6.5% spike in share price on February 26. Word must have gotten out and investors bought shares hoping there would be another special dividend.