Prudential Capital Group provided more than $5.3 billion in financing to clients in first half of 2015

CHICAGO--(BUSINESS WIRE)-- Prudential Capital Group, a leading global source of private capital for public and private companies, today announced it provided more than $5.3 billion to companies and projects worldwide through the first half of 2015. This represents an increase of more than $1 billion compared to the first half of 2014, while adding 40 new clients across a range of industries. Prudential Capital Group is an investment business of Prudential Financial, Inc. (NYSE: PRU).

“With global markets in a state of flux, it is important for companies to have strong relationships with their sources of capital. Prudential Capital Group’s consistent presence in the market and focus on developing strong long-term relationships have served our clients very well through many cycles,” said Allen A. Weaver, senior managing director and head of Prudential Capital Group. “More than half of our transactions this year have been with existing clients, demonstrating that our relationship-based approach is valued by middle market borrowers around the world.”

2015 first-half highlights include:

• $4.3 billion of investment grade transactions; $875 million of below investment grade transactions; $185 million of mezzanine and private equity investments.
• Approximately $2.1 billion in North American investments.
• Approximately $1.1 billion invested outside of North America, primarily in the U.K., Europe and Australia.
• Approximately $1.1 billion in energy sector investments including power and oil and gas.
• Approximately $1.0 billion in other key sectors such as global infrastructure, lease and specialty financing.
• The company expanded its portfolio by adding 40 new clients across a range of industries.

Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 75 years. Managing a portfolio of $74 billion as of March 31, 2015, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, N.J., New York, Paris and San Francisco. For more information, please visit www.prudentialcapitalgroup.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2015, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150730006022/en/

Prudential
John Chartier, 973-802-9829
[email protected]

Source: Prudential Financial, Inc.

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