Sezzle Secures US$100 million Debt Funding Facility to Grow Business

  • Dec 02, 2019 AEDT
  • Team Kalkine

Sezzle Inc (ASX: SZL) has secured a US$100 million debt funding facility with a syndicate of lenders, which is more than triple the size of the company’s prior credit facility of US$30 million. The three members of the syndicate are:

  • Atalaya Capital Management
  • Bastion Consumer Lending
  • Hudson Cove Capital Management

These three credit providers are asset management firms that specialise in consumer lending and alternative credit.

The new US$100 million credit facility would support Sezzle to aggressively grow its business.

At AEST: 1:11 PM, SZL quoted $2.52, up 5% from its previous close.

 

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