Fundz

Ashford Announces $100 Million Corporate Financing Commitment

PRIVATEApr 04, 2022

Round Type

Funding Round

DallasFinancial ServicesReal Estate

Description

Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that the Company has entered into a new $100 million Corporate Term Loan (the "Loan"). The Loan has an initial term of five years with three, one-year extension options subject to the satisfaction of certain conditions and bears interest at a rate of LIBOR + 7.35%. At closing, the Company drew down $50 million on the Loan and has the option to draw the additional $50 million over the next 24 months

Who else raised in Financial Services and Real Estate around the same time

Companies in the same sectors as ASHFORD that raised within 45 days of this round, from Fundz verified event records.

  • Talonvest Capital raised $110M (Debt Financing) on May 19, 2022.
  • Walker & Dunlop raised $47M (Funding Round) on May 12, 2022.
  • Third Wave Coffee raised an undisclosed amount (Funding Round) on May 9, 2022.
  • Backflip raised $35M (Funding Round) on May 6, 2022.
  • Greystone raised $50M (Funding Round) on May 3, 2022.
  • Beeline Holdings raised an undisclosed amount (Corporate Round) on May 3, 2022.

Who to call at ASHFORD, and when

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Company Information

Company

ASHFORD

Location

Dallas, Georgia, United States

About

Ashford is an alternative asset management company with a portfolio of strategic operating businesses that provides global asset management, investment management and related services to the real estate and hospitality sectors.

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ASHFORD raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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