German finance minister sees signs ECB will raise rates

KKR Forms Maritime Finance Company

“Low rates are above all an expression of insecurity on debt markets. That cannot last forever – even if it is a relief to the federal budget,” he said. “The central bank has announced it will raise rates again when the economy improves. That is good.” ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time.

Led by former Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky, Maritime Finance is an asset-based lender focused on maritime assets in the offshore oil field services and traditional shipping sectors. The Company will originate, structure, underwrite, invest in and distribute debt financings secured by high-quality maritime assets, including drilling rigs, development and production assets, subsea construction vessels and other traditional shipping assets. Maritime Finance will initially be capitalized with $580 million of equity, over 45% of which has been provided by KKR, including through its balance sheet, KKR Financial Holdings LLC ( KFN ) and MerchCap Solutions (MCS), KKRs recently established mid-market focused merchant banking venture with CPPIB and Stone Point Capital. The balance of the capital was arranged by MCS and included participation from various family offices, mutual funds, hedge funds and specialist financial services investors.

Consumer Finance Company Coming Soon to Cleveland, OH

In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. Visit our website at http://www.titlemax.com/careers for outstanding career opportunities. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections. Qualified candidates must be at least 19 years of age, have a valid drivers license and car insurance, and pass a credit and criminal background check to include a driving history report, also referred to as an MVR.

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