First Heritage Credit, LLC | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

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Financial Advisor

First Heritage Credit, LLC

$200 Million 04/02/2019 Specialty Finance Complete
Private Companies
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Transaction Details

  • On April 2, 2019, First Heritage Credit, LLC (“First Heritage” or the “Company”) secured a new $200 million Senior Secured Credit Facility consisting of a $110 million Term Loan, $65 million Delayed Draw Term Loan and $25 million Revolver from MidCap Financial Services, LLC
  • Founded in 1995, First Heritage is an independent, branch-based installment lender
  • Transaction proceeds will be used to:
  • Refinance its existing senior revolving credit facility, and
  • Fund portfolio growth
  • Stephens Inc. served as Exclusive Financial Advisor to the Company in the transaction

About the company

First Heritage manages over 100 branches across Alabama, Louisiana, Mississippi, South Carolina and Tennessee and over 100,000 individual accounts through a sophisticated lending platform that combines multi-channel originations with branch-based servicing and collections. The Company offers its customers a variety of loan products including personal consumer loans, indirect sales finance loans and related credit insurance. All of the Company’s loan products are structured on a fixed rate, fixed term basis and are fully amortized across the life of the loan with no prepayment penalties. First Heritage was founded in 1995 and is headquartered in Ridgeland, Mississippi.

Sources: Company Provided and Publicly Available Information.
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