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.