Amigo taps securitization funding through RBC
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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