Financial Advisor
CURO Group Holdings Corp.
Debt Capital Markets
Senior Secured Revolving Credit Facility
Transaction Details
- On April 8, 2020, CURO Group Holdings Corp. (“CURO” or the “Company”) secured a new Senior Secured Revolving Credit Facility providing $100 million of initial borrowing capacity and, subject to obtaining additional commitments, the ability to expand the borrowing capacity up to $200 million
- 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
About the company
CURO Group Holdings Corp. (NYSE: CURO), operating in the United States and Canada and powered by its fully integrated technology platform, is a market leader by revenues in providing short-term credit to underbanked customers. In 1997, the Company was founded in Riverside, California by three Wichita, Kansas childhood friends to meet the growing consumer need for short-term loans. Their success led to opening stores across the United States and expanding to offer online loans and financial services across two countries. Today, CURO combines market expertise with a fully integrated technology platform, omni-channel approach and advanced credit decisioning to provide an array of short-term credit products across all mediums. CURO operates under a number of brands including Speedy Cash, Rapid Cash, Cash Money, LendDirect, Avio Credit, Opt+, and Revolve Finance. With over 20 years of operating experience, CURO provides financial freedom to the underbanked.
Sources: Company Provided and Publicly Available Information
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