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Umpqua Bank Provides $47.6 Million of Senior Secured Credit Facilities to Bay Ship & Yacht Co.

UMPQUA HOLDINGS (UMPQ)  More Company Research Source: GlobeNewswire
Last umpqua holdings earnings: 4/18 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: umpquabank.com/investor-relations
PDF Bay Ship & Yacht Co., is one of the largest vessel maintenance and repair companies on the West CoastCredit facilities will be used for working capital, recapitalization and acquisition SAN FRANCISCO, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ) has provided $47.6 million in senior secured credit facilities to Bay Ship & Yacht Co., the largest vessel maintenance and repair company in Northern California. The financing will be used for working capital, recapitalization and acquisition finance. Terms of the transaction, which closed December 15, 2017, were not disclosed. “Bay Ship & Yacht plays a critical role in the health of our region’s maritime economy and is well known for setting a high bar of quality service to the commercial vessel community,” said Jim Higgins, Umpqua Bank Senior Vice President of Corporate Banking. “Umpqua evaluated Bay Ship & Yacht’s unique market position and was able to provide tailored financin [Read more]

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