ORIX Corporation USA To Buy NXT Capital

(RTTNews) - ORIX Corporation USA, the U.S. and Latin America business hub for Tokyo-based ORIX Corp., and NXT Capital Inc. (NXT Capital) announced they have signed a definitive agreement under which ORIX USA will acquire NXT Capital. The acquisition combines the financial strength and innovative capital solutions of ORIX USA with NXT Capital's leadership position as a provider of structured financing to the U.S. middle market.

NXT Capital will become a subsidiary of ORIX USA, with Radway continuing to serve in his current role as Chairman and CEO. Radway and the current management team will continue to operate NXT Capital under its existing brand and will remain headquartered in Chicago. The acquisition is expected to close in August 2018, subject to customary closing conditions and regulatory approvals.