Private Equity Lender Continues Growth of Portfolio through Bond and Preferred Equity Offering
Legion Capital Corporation a fintech-enabled private equity lender serving small to medium sized businesses and real estate developers, today announced the re-qualification of their $75 million Reg A+ offering. The update increases the allowable maximum issuance of preferred stock shares in the offering from $20 million to $30 million. The offering was re-qualified by the Securities and Exchange Commission (SEC) on Thursday, July 14, 2022.
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“Independent broker dealer community demand for Legion’s short-term bonds and preferred stock shares continues to increase” stated Jason Plucinak, Vice President of Corporate Finance, who leads BD & RIA distribution for the firm. “As a result, we have increased the allowable maximum issuance of preferred shares in our offering from $20 million to $30 million in order to meet both ongoing demand as well as our plans to continue the growth of our lending business and footprint.”
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Legion’s requalification also eliminated the automatic rollover provision for the offering’s short-term bonds. “We are continually looking at ways to improve the structure of our corporate securities for the benefit and protection of our constituents” added Plucinak, “Eliminating the automatic rollover provision will better allow our financial representative partners to adhere to Reg BI and other best practices in compliance and suitability.”
Legion’s Reg A+ offering provides short-term, corporate bonds with maturities of 1, 2, & 3 years, as well as redeemable preferred stock shares. The securities are offered on a best-efforts basis on behalf of Legion Capital Corporation by Sequence Financial Specialists, LLC, as managing broker dealer, a member of FINRA and SIPC.
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