DVI secures Brazilian leases

By AuntMinnie.com staff writers

August 29, 2000 --

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 writers
August 29, 2000

Copyright © 2000 AuntMinnie.com

 

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