Bastion Management agented a $100 million senior debt facility for NexGen Financial to support the continued growth of its portfolio. Bastion Management and Hudson Cove Capital Management provided the funding.
Propel Holdings, a fintech company dedicated to credit inclusion, closed a $250 million syndicated credit facility for the company’s CreditFresh line of business. The new credit facility replaces and upsizes the previous CreditFresh facility by $90 million.
OppFi, a financial technology platform that powers banks to help the everyday consumer gain access to credit, closed a $150 million credit facility with an affiliate of Castlelake as lender. Affiliates of Hudson Cove Capital Management are also participating in the credit facility.
Financial technology company Kafene secured $75 million in additional debt and equity. The package included a $50 million credit facility from Credit Suisse, with an additional $10 million provided by Hudson Cove Capital Management. The remaining $15 million was provided by equity investors.
Fora Financial closed a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial provided access to the debt facility, which will give Fora Financial up to $150 million of borrowing capacity over the next two years.
Sezzle has secured a $100 million debt funding facility with a syndicate of lenders, tripling the size of company’s prior credit facility of $30 million.