Flexiti secures $80 mln mezzanine facility from Credit Suisse
Toronto-based point-of-sale consumer financing company Flexiti Financial has secured an $80 million mezzanine debt facility from Credit Suisse Asset Management. The loan, which follows a $300 million senior lending facility provided by Credit Suisse earlier this year, will fund future originations and support the company's merchant partners. Flexiti, founded in 2013 by CEO Peter Kalen, raised $50 million from Globalive Capital in June. The investment, which gave Globalive a controlling stake, backed Flexiti’s buy of a $250 million private-label credit card portfolio from TD Financing Services.
6 September 2018•3 mins read
