Amadeusz Juskowiak

Foothill gfi arranges debt placement

Foothill Group Inc said its Foothill Capital Corp unit arranged the private placement of 23 mln dlrs in senior debt and 27 mln in senior subordinated debt

The senior and senior subordinated debt was purchased by institutional lenders and will bear interest at 94 pct and 1015 pct respectively Foothill said

It said completion of the transaction will increase the companys capital funds to 138 mln dlrs