Amazon shifts loan risk with revolving facility
Amazon Lending, which provides inventory financing to a selectively chosen group of micro, small and medium sized businesses that sell on the Amazon marketplace, is shifting the risk on those loans off its balance sheet with a new secured revolving credit facility.
The new $500m facility was established on October 13 last year, with one lender offering Amazon a three year secured revolving credit facility that bears interest at Libor plus 1.65%, with a commitment fee of 50bp on the undrawn portion of the fund.The $500m size of the ...
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