Foothill Group Subsidiary Places $18 Million of Debt

Foothill Group Inc. said its largest subsidiary, Foothill Capital Corp., completed the private placement of $18 million of debt.

Foothill Group is a financial services concern with executive offices in Agoura Hills and Los Angeles. Foothill Capital specializes in providing financing for businesses. The private placement consisted of notes with various terms and maturities, and was sold to a group of institutional investors. The proceeds will enable Foothill Capital to fund additional loans to its customers, the company said.