London, UK - Equities First Holdings, LLC (EFH), a global provider of shareholder financing, confirms it has returned all shares used as collateral as part of a loan agreement with Joel Leonoff, chief executive of Paysafe plc as announced by the company on 24 March, 2017 (Details Here: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PAYS/13170785.html). Mr. Leonoff entered into the loan in March 2014 and has repaid his loan in full.
Since establishing its London office in 2013, EFH has carried out more than [£45MN] of shareholder loans to Professional Investors. The Paysafe plc transaction is the second public repatriation of shares -- following a full repayment by Andrew Newland, CEO of Angle plc on 27 October, 2016 (Details Here: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AGL/13014490.html).
"We are very pleased with the progress made by our London office, which is spearheading our commitment of US$100m of further investment for lending to the European Professional market in general," said EFH founder and CEO, Al Christy, Jr.
Meanwhile, EFH -- which is based in the USA -- has announced in the month of its 15th anniversary that it has successfully completed more than 700 transactions since its inception and delivered in excess of US$1 billion to clients in the past four years alone.
EFH (http://www.equitiesfirst.com) continues global expansion -- with 9 offices in the USA, Europe, the Far East and Australia -- thanks to an investment model that takes advantage of natural, organic cycles in the market.
"Securities-based lending is a long-standing financial tool used by companies, governments, and individuals every day," said Christy. "But very few financial institutions, including large commercial banks, can offer non-recourse features or loans with a low cost of funds. We have a successful track record because we live and breathe equities-based lending every day."
Equities First (London) Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom, register number 605564.
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