Thermo Credit Announces $1 Billion of Receivables Purchased

NEW ORLEANS — Thermo Credit, LLC today announced that it has reached over $1 billion in telecom receivables purchased since the company’s inception in 2002. While this milestone was reached through the company’s receivables purchased program, their other telecom asset-based financing programs have enjoyed similar success.

With over one hundred years of combined experience in telecommunications and financial services, Thermo Credit has drawn upon such expertise to provide clients with unique solutions tailored to their financial needs. This specialized knowledge provides for a financial partner with a thorough understanding of the client’s goals whether they are looking to expand their business, improve operations or fund an acquisition.

Seth Block, Executive Vice President of Thermo Credit commented, “We are humbled by this achievement. When we started the company in 2002, contrary to popular opinion, we had a lot of confidence in the telecommunications industry, and that confidence has never wavered.”

Thermo Credit targets established companies in every segment of the telecommunications market including Long Distance, VoIP, Triple Play, Wholesale, Wireless, Broadband, CLECs and Call Centers.

About Thermo Credit, LLC
Thermo Credit, LLC is a financial services company focused exclusively on the telecommunications industry. Thermo Credit serves established, well-run companies that need capital to expand or improve their operations. The company provides asset based solutions, loans and lines of credit. For more information, visit www.thermocredit.com or contact Ruth Thieneman at 504-620-3316.