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

December 2, 2019

Source: Kalkine Media

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.

 

WEB-0874_ABL-300x250 banner