White Rock Advisors, LLC is pleased to announce it recently advised the Electronic Transaction Consultants Corporation (“ETCC”) of Richardson, Texas in securing $10.0 million in debt financing from F&M Bank.
ETCC provides innovative toll collections solutions as well as provides service for large-scale electronic toll collection systems. Some of ETCC’s clients include NTTA, Texas Department of Transportation, UDOT, Illinois Tollway, and Washington State Department of Transportation. ETCC was responsible for the system design and integration for the first all-electronic, open road tolling (ORT) facility in the US.
The financing will be used for working capital for growth and refinance of existing lender relationship. A team from White Rock Advisors, led by Simon Martin and Greg Hext, advised management of ETCC on securing the debt financing.