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August 30, 2009

U.S. Bank Deploys Syndication Platform From DebtX

Integrates investor contact management, deal tracking, management reporting and document distribution in a web-based platform

By CBR Staff Writer

DebtX, a Boston-based full-service loan sale advisors for commercial, consumer and specialty finance debt, has announced that Minnesota-based U.S. Bank has deployed its DXSyndicate for loan syndication and agency functions.

Reportedly, DXSyndicate integrates investor contact management, deal tracking, management reporting and document distribution in a single, web-based platform.

Jeanne Rudelius, head of U.S. Bank’s loan capital markets, said: “DXSyndicate provides U.S. Bank with a comprehensive solution that enabled the bank to consolidate two different systems.

Kingsley Greenland, CEO of DebtX, said: “We are pleased U.S. Bank chose to work with DebtX after extensive due diligence and review of alternative solutions in the marketplace.

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