LMP Automotive selects Truist to arrange $660 million credit facility

By Taylor Fox

New York, Dec. 10 – LMP Automotive Holdings, Inc. has engaged Truist Securities, Inc. as the lead arranger for up to a $660 million syndicated senior credit facilities, according to a news release.

“We chose to partner with Truist because they have proven their leadership in the syndicated and leveraged finance market, accompanied by their strong industry expertise financing growth-oriented dealer platforms, automotive retail investment banking, dealer commercial services, dealer retail services, fleet leasing and structured real estate,” said LMP chief executive officer Sam Tawfik in the release.

LMP Automotive is an e-commerce and facilities-based platform to buy, sell, subscribe to or finance pre-owned and new automobiles based in Fort Lauderdale, Fla.

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