New York, November 17, 2022: Finitive, the leading data-driven private credit marketplace, today announced that it has facilitated a $80 million senior debt facility for a Canada - based ABL lender, with financing provided by a multi-billion dollar middle market-focused, specialty finance firm.
The borrower is an alternative investment manager providing asset-based, senior-secured loans. The lender is a multi-billion dollar middle market-focused, specialty finance firm that provides senior debt solutions to companies across all industries.
“Canada is an exciting area for institutional investors seeking private credit opportunities, and this deal provides a direct line to an uncompetitive and inefficient sector with great potential scale," said Jon Barlow, Finitive's Founder and CEO. "We’re honored to have connected the parties and facilitated the expansion of their lending activities throughout Canada.."
Finitive’s data-led private debt platform has over 1,600 institutional investors signed up and actively allocating to private debt. We have secured over $3.6 billion in debt facility commitments for our clients in sectors including consumer fintech, renewables, SME lending, supply chain / logistics and automotive financing.
Interested in learning more about how Finitive matches capital seekers with institutional investors? Visit Finitive’s website for further information and to sign up as a borrower or investor.