Atalaya Capital Management Provides $100 Million Credit Facility to CURO Group Holdings
CURO Group Holdings Corp. (CURO)
Last curo group holdings corp. earnings: 5/1 04:00 pm
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US:NYSE Investor Relations:
ir.curo.com/news-releases/2018/02-01-2018-234246861
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Atalaya Capital Management, a private credit and special opportunities alternative investment manager, recently closed a $100 million senior secured revolving credit facility to CURO Group Holdings Corp. (“CURO”). The facility’s borrowing capacity may be increased up to $200 million over time.CURO is a market leader in providing short-term credit to underbanked consumers in the United States and Canada. The company will use proceeds from the facility to finance new U.S. installment and line-of-credit receivables, including those generated under its technology, marketing and servicing relationship with Stride Bank.“We are very pleased to complete our facility in what could certainly be described as a challenging environment,” said Don Gayhardt, CURO President and CEO. “The Atalaya team was supportive and creative in navigating market changes to bolster CURO’s liquidity and provide funding capacity to support U.S. growth in the future.”“We are glad to supp
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