CFG Merchant Solutions (CFGMS), a technology-enabled specialty finance and alternative funding provider, upsized its investment-grade corporate note to $30 million. The transaction was assigned a BBB rating.The company plans to use the proceeds from the issuance to support continued growth of the business.
“Our business has experienced considerable growth as banks and other funders have pulled back on credit over the past year,” Andrew Coon, CEO of CFGMS, said. “This additional capital will help us continue our momentum in serving SMBs across the U.S.”
“At CFGMS, we believe our unique platform is differentiated from other funders across the space,” Bill Gallagher, president of CFGMS, said. “We are pleased that institutional investors share this view and continue to support us. This flexible capital will be very valuable as we seek to gain further market share.”
Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
