CURO Group Holdings Corp. Closes Two Non-Recourse Facilities And Flexiti Escrow
Portfolio Pulse from Benzinga Newsdesk
CURO Group Holdings Corp. (NYSE:CURO) has closed two non-recourse facilities and Flexiti escrow. The company's subsidiary, Heights Financing II, LLC, entered into a new $140 million asset-backed warehouse facility to finance future loans, which can be increased to $175 million under certain conditions. Another subsidiary, CURO Canada Receivables II Limited Partnership, amended its existing Canadian revolving credit facility to increase the commitments of the lenders by C$40 million. CURO also received approximately C$27 million from Questrade as part of the purchase price for Flexiti.
November 07, 2023 | 10:50 pm
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POSITIVE IMPACT
CURO Group Holdings Corp. has secured significant financing for future loans, which could support its growth in the U.S. and Canada.
The news of CURO securing significant financing for future loans is directly relevant to the company and its operations. This could potentially support the company's growth in the U.S. and Canada, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100