Medical equipment financing firm DVI said its majority-owned subsidiary MSF Holding has completed the first Brazilian securitization of medical equipment leases and loans.
The $80 million asset-backed floating-rate notes are secured by U.S. dollar-denominated financing contracts for medical equipment sold to private hospitals, clinics, and healthcare centers in Brazil, according to DVI, of Newport Beach, CA. Securitization establishes a funding platform that enables the company to offer financing of medical equipment for all of Latin America, according to president and CEO Michael O’Hanlon.
By AuntMinnie.com staff writersAugust 29, 2000
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