Castlelake To Purchase Up To $1.2B Of Consumer Installment Loans From Upstart
Portfolio Pulse from Benzinga Newsdesk
Castlelake has announced plans to purchase up to $1.2 billion of consumer installment loans from Upstart. This move is expected to provide Upstart with significant liquidity and could positively impact its financial stability and growth prospects.
June 20, 2024 | 12:51 pm
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Castlelake's acquisition of up to $1.2 billion in consumer installment loans from Upstart is likely to provide Upstart with significant liquidity, enhancing its financial stability and growth prospects.
The acquisition will inject a substantial amount of liquidity into Upstart, which can be used to stabilize its financials and potentially fund further growth initiatives. This is a positive development for the company.
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