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LendingPoint Closes Up To $110 Million Mezzanine Facility with Midcap Financial Trust & Apollo Investment Corporation


LendingPoint Closes Up To $110 Million Mezzanine Facility with Midcap Financial Trust & Apollo Investment Corporation
 
LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce, announced on Tuesday the closing of an up to $110 million, 5-year corporate mezzanine credit facility with new partners MidCap Financial Trust (MidCap), managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment Corporation (NASDAQ: AINV).
Speaking about the facility,
Tom Burnside, CEO of LendingPoint, stated:
“We are delighted with the confidence in LendingPoint MidCap and Apollo have shown in entering into this 5-year facility. This relationship will be an important part of our growth strategy, enabling us to facilitate responsible credit and unlock the power of financial possibility for the greatest number of consumers and businesses as possible.” ....

Warburg Pincus , Tom Burnside , Midcap Financial Trust , Apollo Investment Corporation , Apollo Global Management Inc , Apollo Global Management , Lendingpoint Midcap , Lender Finance , வார்பர்க் பிங்கஸ் , டோம் தீக்காயம் , அப்பல்லோ முதலீடு நிறுவனம் , அப்பல்லோ உலகளாவிய மேலாண்மை இன்க் , அப்பல்லோ உலகளாவிய மேலாண்மை , கடன் வழங்குபவர் நிதி ,