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Financial Advisor

CNG Holdings, Inc.

$125 Million 07/29/2016 Specialty Finance Complete
Public Companies
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Transaction Details

  • On July 29, 2016, CNG Holdings, Inc. raised a $125 million Senior Secured Credit Facility from a private asset manager
  • CNG Holdings is a leading, retail and online provider of alternative financial services to underbanked consumers in the U.S. and the U.K.
  • In addition to funding intra-month working capital needs the Company used the proceeds to:
  • Refinance its existing senior revolving credit facility, and
  • Repurchase a portion of its outstanding 9.375% Senior Secured Notes
  • Stephens Inc. served as exclusive financial advisor to CNG Holdings in the transaction

About the company

Founded in 1994, CNG Holdings 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 1,100 retail locations across the U.S. in 29 states (online in three additional states) and 240 retail locations in the United Kingdom. CNG Holdings is headquartered in Cincinnati, OH. For additional information about CNG Holdings, visit http://www.checkngo.com.

Sources: Company website and Company provided information to Stephens Inc.
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