Quiq Capital Announces Amended and Upsized Revolving Credit Facility
Dime Commercial Bancshares (DCOM), through Dime Commercial Bank, amended and upsized its revolving credit facility with Quiq Capital and Quiq Income Fund II to a borrowing capacity of $30.0 million.
Rhea-AI Summary
Dime Commercial Bancshares (DCOM), through Dime Commercial Bank, amended and upsized its revolving credit facility with Quiq Capital and Quiq Income Fund II to a borrowing capacity of $30.0 million.
The revised facility also lowers the interest rate and is described as providing Quiq with additional financial flexibility and liquidity to support business growth, while deepening the lending relationship between Dime and Quiq that began in 2025.
Positive
- Revolving credit facility with Quiq upsized to $30.0 million
- Amended facility includes a reduced interest rate on borrowings
Negative
- None.
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Quiq Capital LLC is a boutique asset manager providing secured loans to Small and Medium Sized Enterprises & Real Estate Strategies
"We are very pleased to announce this amendment and upsize to our Facility with Dime," said Ashish Parikh, Principal at Quiq Capital. "The increased borrowing capacity is a testament to our growing capital base and strong fund performance since launching our Fund in 2024. The amended facility not only reduces our borrowing costs, but it also enhances our flexibility to fund attractive opportunities with compelling, risk-adjusted returns. Additionally, we believe our strong performance and our growing partnership with Dime provide us optionality to pursue strategic financings while remaining disciplined and prudent with our capital."
"Since entering our lending relationship with Quiq in 2025, we have been able to meaningfully grow our relationship in a short period of time, and our partnership is emblematic of the relationships that we strive to foster with new and existing clients. We look forward to working with the talented team at Quiq and continuing to provide bespoke capital solutions for this fast-growing firm." said Shawn Gines, Executive Vice President and Head of Corporate & Specialty Finance at Dime Commercial Bank.
ABOUT QUIQ
Quiq Capital LLC is a boutique asset manager that provides secured loans to Small and Medium Sized Enterprises ("SMEs") and Real Estate Strategies. The Fund is a private credit lender that creates high-value, risk-adjusted investments by empowering the growth of lower middle market businesses. Through private capital and structured lending, the Fund provides critical funding for asset-backed and high-growth profitable businesses with a proven track record of outperformance and strong governance.
ABOUT DIME COMMERCIAL BANCSHARES, INC.
Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-chartered trust company with approximately
(1)Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than
Forward-Looking Statements
This press release may contain forward-looking statements, including, without limitation, statements regarding the plans and objectives of management for future operations. These statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Quiq Capital LLC and Quiq Income Fund II, L.P. to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements.
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SOURCE QUIQ CAPITAL