CrowdOut provides $30 million credit facility to support Personiv’s growth

Private lending syndication platform CrowdOut Capital announced last Wednesday the completion of a $30 million credit facility to Personiv. According to CrowdOut, the borrower is a business process outsourcer that employs over 2,500 employees in 3 different countries and the proceeds from the loan will be used to provide additional liquidity for future acquisitions, organic growth and recapitalize the company. This marks the second loan CrowdOut has provided to Personiv in just over a year.

“High growth companies like Personiv seek out non-bank financing solutions like ours because they need flexibility,” said Alexander Schoenbaum, CEO of CrowdOut Capital. “Our expedited due diligence and streamlined approach to underwriting loans is a unique value proposition over banks and traditional credit funds. Our 1 to 4 year term loans offer cost-savings to borrowers and strong ROI for investors.”

Read the full article: CrowdOut Provides $30 Million Credit Facility to Support Personiv’s Growth (CrowdFund Insider)

December 10th, 2018|Categories: Client News|Tags: , , , , |

CrowdOut Capital announces completion of a multi-million dollar term loan to Shale Support

Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a multi-million dollar term loan to Shale Support, a provider of frac sand and logistical solutions to the oil and gas proppant market.

According to CrowdOut, the loan will support the acquisition of two sand mines, spanning over 1,000 acres that contain more than 100 million tons of recoverable high-grade frac sand, which are located near the prolific shale plays in the southeastern U.S., and finance capital expenditures to increase production capacity at the sand mines.

Read the full article: CrowdOut Provides Multi-Million Dollar Term Loan to Shale Support (CrowdFund Insider)

August 30th, 2018|Categories: Client News|Tags: , , , , |