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Credibly Announces Second Offering Of Asset-Backed Securities – The First ABS Within The SMB Lending Space Since The Onset Of The COVID-19 Pandemic

Share: Southfield, MI โ€“ Apr. 20, 2021 - Today, Credibly announced its second offering of asset-backed securities (ABS) with the issuance of three classes of notes totaling $65.77 million. The asset-backed securitization is expandable to $200 million to further support the companyโ€™s continued growth. This transaction marks the first ABS within the SMB lending space since the onset of the COVID-19 pandemic and will reduce Crediblyโ€™s cost of funds compared to its existing ABS. โ€œThis transa...
New York United States Michael Seneski Ryan Rosett Chief Financial Data Science Driven

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