Altriarch Asset Management closed a $40 million senior asset-based credit facility for a specialty finance company focused on debt relief services.
Proceeds from the facility will be used to refinance a portion of the company’s existing senior credit facility and provide additional capital to support continued growth.
“This transaction reflects Altriarch’s ability to underwrite specialized receivables that require unique structuring to deliver a tailored capital solution for a growing platform,” Andrew Cooney, senior vice president at Altriarch, said. “The company has demonstrated consistent origination and strong settlement performance across multiple market cycles. We’re pleased to provide a solution that supports its next phase of growth.”
