Detroit, MI – Credibly, a data science-driven fintech lending platform, announced its continued investment in growth, refinancing a maturing $10.0 million Corporate Note into a new five-year term. The Note received a one notch rating upgrade from Egan-Jones to “BBB”.
Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
Founded in 2010, Credibly has provided more than $1.5 billion in capital to SMBs, while maintaining a strong emphasis on risk management and a culture of compliance.
“This rated issuance improves Credibly’s cost of capital and strengthens its financial position as it continues profitable growth, while also demonstrating the company’s ability to manage risk for stable and consistent results when financing businesses not well-served by banks,” said Michael Seneski, Chief Financial Officer.
Credibly is a data science-driven fintech lending platform which improves the speed, cost, experience, and choice of capital to SMBs. The company provides balance sheet, syndication, and off-balance sheet funding options, while offering its partners access to its robust data science capabilities. Credibly’s headquarters are in Southfield, Michigan, with offices in New York and Arizona. For more information, please visit: www.credibly.com.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.