MidCap Financial completed an acquisition of a significant portion of Sector Financial’s managed healthcare asset-based lending portfolio, totaling more than $500 million in commitments and more than $300 million in funded assets.
LendingUSA, a provider of point-of-sale financing, closed a new credit facility of $200 million from Atalaya Capital Management and Credit Suisse. Sector Financial, an affiliate of Credit Suisse, provided access to the credit facility.
Credit Suisse and a fund managed by Neuberger Berman closed a secured debt facility for West Creek, a consumer financing provider. The facility increases West Creek’s funding capacity by more than 30%, enabling its originations plans for 2021 and 2022.
IOU Financial, an online lender to small businesses, entered into a $50 million credit facility with Credit Suisse, Cayman Islands Branch.
LendingUSA, a financing provider specializing in point-of-need solutions for merchants, closed a $50 million debt facility with Sector Financial, an affiliate of Credit Suisse.