NXCR and Westlake Financial Announce $400 Million Debt Facility and Strategic Partnership to Advance NXCR's Vehicle Subscription Platform
NXCR and Westlake Financial Announce $400 Million Debt Facility and Strategic Partnership to Advance NXCR's Vehicle Subscription Platform News provided by Share this article Share this article SANTA MONICA, Calif., Dec. 17, 2020 /PRNewswire/ -- NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, and Westlake Financial (Westlake) have signed a letter of intent to secure a NXCR $400 million debt facility, and to enter into a strategic partnership. Westlake is one of the largest automotive lenders in the U.S. with nearly $12 billion in assets under manage...
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