Sole Placement Agent
American First Finance Inc.
Debt Capital Markets
Senior Secured Credit Facility
Transaction Details
- On February 25, 2016, American First Finance Inc. (“AFF”) secured a $50 million Senior Secured Credit Facility from affiliates of Fortress Investment Group
- AFF provides retail finance solutions to consumers who are turned-down for traditional financing for the purchase of goods and services from merchants at the point-of-sale
- Continually expanding its network of merchant partners, which currently consists of over 175 merchants across 15 states
- The company will use the proceeds from the transaction to refinance existing debt and fund future receivables growth
- Stephens Inc. served as sole placement agent to American First Finance in the transaction
About the company
American First Finance Inc. provides turn-down retail financing to consumers purchasing goods and services from merchants at the point-of-sale. The company offers retail installment sales contracts and lease-to-own contracts. Its customer base consists of non-prime credit consumers who lack access to traditional financing sources for the purchase of products including, furniture, appliances, electronics and other consumer durable goods and services. AFF offers its financing solutions through a network of more than 175 merchants across 15 states with centralized operations in Wichita, Kansas and Dallas, Texas. For more information, please visit http://www.americanfirstfinance.com.
Sources: Company provided and publicly available information.
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