Financial Advisor
CNG Holdings, Inc.
Debt Capital Markets
Senior Secured Credit Facility
Transaction Details
- On April 28, 2017, CNG Holdings, Inc. raised a $200 million Senior Secured Credit Facility from Fortress Credit Corp., an affiliate of Fortress Investment Group LLC (NYSE: FIG), and an international asset manager
- CNG Holdings is a leading, retail and online provider of alternative financial services to underbanked consumers in the U.S.
- Transaction proceeds will be used to:
- Refinance its existing senior revolving credit facility, and
- Fund portfolio growth
- Stephens Inc. served as exclusive financial advisor in the transaction
About the company
Founded in 1994, CNG Holdings, the parent company of Axcess Financial, is a leading, privately-held, retail and online provider of alternative financial services specializing in short-term installment lending to underbanked consumers. The Company operates through over 1,000 retail locations across the U.S. in 28 states (online in two additional states). CNG Holdings is headquartered in Cincinnati, OH. For additional information about CNG Holdings, visit http://www.axcess-financial.com.
Sources: Company website and Company provided information to Stephens Inc.
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