![]() ![]() “As with Service Finance, ECN has been able to work with both companies to meaningfully expand product menus and improve operational excellence, which will drive significant opportunities to continue to maximize shareholder value in the future.” “Going forward, ECN is well positioned to continue its success with two fantastic businesses in Triad and KG,” Mr. We believe this transaction maximizes value for ECN shareholders and puts SFC in the best position to succeed in its next phase of growth,” said Mr. Truist has been a long-time partner of SFC and is best positioned to build on the successes we’ve had over the last several years. “Service Finance has performed spectacularly since ECN’s investment in September 2017 and I want to thank Mark Berch and his entire team for their remarkable contributions. Today’s announcement to sell SFC for $2 billion marks another milestone on the road to that goal,” said Steven Hudson, CEO of ECN Capital Corp. “ECN’s primary strategic directive has been to manage and maximize investor capital in the specialty finance sector. (TSX: ECN) (“ECN Capital” or “the Company”), one of North America’s leading commercial finance companies, today announced that it has entered into a definitive agreement (the “Transaction Agreement”) with Truist Bank, the wholly owned bank subsidiary of Truist Financial Corporation (NYSE: TFC) (“Truist”) to sell all of the issued and outstanding equity interests in each of Service Finance Company, LLC and Service Finance Holdings, LLC (together “SFC”), each a wholly-owned, indirect subsidiary of the Company, for cash proceeds of US$2 billion (the ”Transaction”).įollowing the closing of the Transaction, ECN Capital intends to pay a special dividend of C$7.50 per common share or approximately US$1.5 billion from the net proceeds (after estimated taxes and transaction costs based on ECN’s current issued and outstanding common shares as of August 10, 2021), to its common shareholders. 10, 2021 (GLOBE NEWSWIRE) - ECN Capital Corp. Strong capital position will drive go-forward business Yet reporting derogatory information on my credit report.Net after-tax proceeds of C$7.50 per share to be distributed to common shareholders I attempted to make payment from validating Service Finance Company, LLC did not submit any ACH transactions for payment as they claimed. The lien has been filed by Lien Solutions, Wolters Klu Lien Solution’s, Service Finance Company, LLC, and an assigned a SunTrust Bank. ![]() #SERVICE FINANCE COMPANY LLC FREE#After countless payment attempts, Service Finance Company, LLC reported derogatory information to credit bureaus, dishonored executed interest free agreement due to missed payments and applied fees and interest and placed a fraudulent mechanical lien on the property for nonpayment. ![]() Since the initial auto pay installment Service Finance Company, LLC refused payment, claiming the bank rejected all payments due to insufficient funds, incorrect account number, incorrect routing number, bank account type issues, no existing account, bank system issues, phone pay system issues, incorrect bank account type(s), digits missing, customer inputting incorrect account information, autopay improperly set up and so forth. ![]() Monday, January 03, 2022, Bahama Plumbing, LLC, Aaron Silvia Waxahachie, TX installed a Furnace, financed by Service Finance Company, LLC. Referred by Bahama Plumbing, LLC # M-42664 Waxahachie, TX. BEWARE: Thursday, December 23, 2021, I entered contract with Service Finance Company, LLC Loan Number: 3240118, TX Bankers Systems – Wolters Kluwer Financial Services for Home Improvement Retail Installment Contract. ![]()
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