Comvest Credit Partners acted as administrative agent and lender on a $125 million senior secured credit facility for Acima Credit. The financing was used to retire existing debt and support growth initiatives.
Acima provides creative alternatives to retail customers through a proprietary point-of-sale technology platform.
“We are excited to partner with Comvest Credit Partners. They worked quickly to provide Acima with an optimal financing structure and the capital necessary to execute on our growth initiatives,” said Aaron Allred, founder and CEO of Acima.
“We are very pleased to partner with Acima to help facilitate the company’s growth in their respective markets. The company’s excellent reputation in the market is a testament to its strong management team and unique technology platform,” said Brad Nii, managing director at Comvest.
