Fora Financial closed a $130 million revolving credit facility and $10 million investment-grade rated corporate note. Truist Bank will serve as senior lender for the credit facility, joined by Castlelake as participating lender.
Great Rock Capital closed an investment-grade corporate note financing. The funds from the transaction will be used to support the ongoing growth and success of the firm.
Credibly, a financial technology lending platform, completed a management-led buyback of all the outstanding equity investment previously held by a private equity firm.
Kapitus, a provider of financing for small and medium sized businesses, closed a $100 million asset-backed securitization and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million.
CFG Merchant Solutions, a technology-enabled specialty finance and alternative funding provider, closed a $20 million investment-grade rated corporate note financing from a group of U.S.-based institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.
Viva Capital Funding, an invoice factoring specialty finance company, closed $85 million in two bank credit facilities; consisting of $45 million for factoring and $40 million for land banking.
The Fundworks, a technology-enabled small business finance company, closed $30 million of senior secured notes to a group of institutional investors. Brean Capital served as the company’s exclusive financial advisor and placement agent on the transaction.
Credibly, a data science-driven fintech lending platform, refinanced a maturing $10 million corporate note into a new five-year term. Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
National Funding renewed and upsized its $60 million senior secured warehouse line of credit. The facility includes an accordion to expand to $75 million. National Funding also secured a $55 million investment-grade-rated corporate note financing.
The Fundworks, a technology-enabled small business finance company, closed a $25 million credit facility with a commercial bank and the sale of $20 million of senior secured notes to a group of U.S.-based institutional investors. The credit facility is expandable up to a maximum of $50 million, representing a total capital raise of up to $70 million.