![]() ![]() SERVICE FINANCE COMPANY LLC FREEWe provide competitive rates, fee-free promotions and free enrollment. As of November 10, 2021, the transaction is expected to close in December 2021. Foundation Finance Company offers consumer financing for home improvement contractors. Curran of Davis Polk & Wardwell LLP acted as legal advisors and Truist Securities acted as financial advisor to Truist. Service Finance Company, LLC is a nationally licensed sales finance company and an approved FHA Title I Lender. Tahyar, Evan Rosen, Adam Kaminsky, Pritesh P. CIBC Capital Markets acted as fairness opinion provider to the Board of Directors of ECN Capital Corp. Additionally, it will be long term accretive to Truist's already strong profitability metrics such as return on assets, return on tangible common equity, efficiency ratio and EPS growthĬIBC Capital Markets acted as financial advisor and Cravath, Swaine & Moore LLP and Blake, Cassels & Graydon LLP acted as legal advisors to ECN Capital Corp. The transaction will be earning per share accretive for Truist Financial Corporation (NYSE:TFC), parent of Truist Bank, assuming the acquisition replaces planned share repurchases (capital neutral) and will result in approximately 1% cash EPS dilution in year two and assuming the acquisition uses excess capital and will result in approximately 2% cash EPS accretion in year two. Following the closing of the transaction, ECN Capital intends to pay a special dividend of CAD 7.50 per common share (approximately $5.98 per share) or approximately $1.5 billion from the net proceeds to its common shareholders. Review the D&B Business Directory at for business research. The transaction is expected to close late in 2021 or late in the fourth quarter of 2021. BEWARE: Thursday, December 23, 2021, I entered contract with Service Finance Company, LLC Loan Number: 3240118, TX Bankers Systems Wolters Kluwer. Obtain business information for Service Finance Company, LLC in Boca Raton, FL. ECN's Board of Directors in consultation with its financial and legal advisors, has unanimously determined that the transaction is in the best interests and fair to ECN after receiving a fairness opinion from CIBC Capital Markets. We are a primary lender providing installment. The transaction is subject to standard licensing and regulatory approvals, any waiting period applicable to the sale of Service Finance equity to Truist Bank under the HSR Act shall have terminated or expired, the Governmental Approvals, and the satisfaction of customary closing conditions. Service Finance Company, LLC is a nationally licensed sales finance company and an approved FHA Title I Lender. Mark Berch, President and Founder of Service Finance and the Service Finance team will join the Point of Sale lending unit of Truist's National Consumer Finance and Payments group and continue to be based out of Boca Raton, Florida. The consideration of $2 billion will be paid in cash and it is subject to adjustment. Reach out today to get the type of personal financial support you need to improve your home.Truist Bank entered into a definitive agreement to acquire Service Finance Company, LLC from ECN Capital Corp (TSX: ECN) for $2 billion on August 10, 2021. Take the hassle out of your next HVAC project. ![]() There are no hidden fees to crawl out of the wood work. Paid off the loan & they continued to take. So you won’t get penalized for repaying your loan ahead of time.Įnjoy the transparency. 81 reviews of Service Finance Company I used this business to finance a kitchen remodel through REBORN CABINETS. They will work together with you to find out a payment plan that suits you best. ![]() You are not restricted to just monthly payments. If you qualify for a loan, they will fund your loan within 24 hours and you can receive the money in your bank account on the same day. They have a pre-screening process that helps them figure out if you qualify for a loan or not within a few minutes of submitting your application. They have partnered with top lenders in the industry to offer you flexible lending options. ![]()
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