Financial Advisor
CURO Group Holdings Corp.
Debt Capital Markets
Senior Secured Revolving Credit Facility
Transaction Details
- On August 2, 2018, CURO Group Holdings Corp. (“CURO” or the “Company”) announced it has received a new C$175 million Senior Secured Revolving Credit Facility
- CURO is a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States, Canada and the United Kingdom
- The Company will use the facility to fund origination growth of its installment and open-end credit products in Canada
- Stephens Inc. acted as financial advisor to CURO in this transaction
About the company
CURO Group Holdings Corp., operating in three countries and powered by its fully integrated technology platform, is a market leader by revenues in providing short-term credit to underbanked consumers. 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 three countries. Today, CURO combines its 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, Avío Credit, WageDayAdvance, Juo Loans and Opt+. With over 20 years of operating experience, CURO provides financial freedom to the underbanked.
Sources: Public Filings and CURO’s website.
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