Amigo taps securitization funding through RBC

Loans
By Asad Ali
19 Nov 2018

Amigo, a FTSE 250 lender which targets the guarantor-backed loan segment, has completed a £150m securitization facility to repay its current drawings under a revolving credit facility and help expand its business.

RBS Capital Markets acted as lead manager for the facility.

With a minimum three year tenor, the facility shaves around 500bp off the current cost of Amigo’s senior secured notes which have a fixed interest rate of 7.625%. Senior secured loans total £393m.

"This new funding line is ...

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