WebBank provided a new senior secured, asset-backed revolving credit facility to an affiliate of Libertas Funding. WebBank is the sole arranger and lender under the facility.
WebBank partnered with Synovus Bank’s specialty finance division to provide an additional commitment for an asset-based revolving credit facility for AB Private Credit Investors. The additional commitment upsized the original facility from $100 million to $150 million.
Stratos Technologies secured leverage through a first-out participation structure with WebBank in an asset-based revolving credit facility to one of its financial technology portfolio clients.