Financial Advisor
Community Choice Financial Inc.
Debt Capital Markets
Senior Secured Credit Facility
Transaction Details
- On June 30, 2017, Community Choice Financial Inc. (“CCFI”) secured a $47 million Senior Secured Credit Facility from an undisclosed investment firm
- CCFI is a retail and online provider of alternative financial services to unbanked and underbanked consumers in the United States
- Transaction proceeds will be used to:
- Refinance its existing senior credit facility, and
- Fund portfolio growth
- Stephens Inc. served as exclusive financial advisor in the transaction
About the company
Founded in 1987, Community Choice Financial, is a privately-held provider of alternative financial services specializing in short-term lending to underbanked consumers. The Company operates through more than 530 retail locations in 12 states and an online network in 32 states. Community Choice Financial is headquartered in Dublin, OH. For additional information about Community Choice Financial, visit. www.ccfi.com.
Sources: Company website and Company provided information to Stephens Inc.
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