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Comvest Capital Closes $30MM Senior Secured Facility for ClearOne Advantage

April 25, 2017, 07:50 AM
Filed Under: Specialty Industries

Comvest Capital has provided $30 million in financing to ClearOne Advantage. Based in Baltimore, ClearOne is a debt resolution services provider.

Comvest Partners, through its lending strategy, Comvest Capital, has acted as administrative agent in a new $30.0 million senior secured credit facility for ClearOne Advantage, a debt resolution services provider. The financing was used to repay existing debt and fund ongoing working capital needs.

“We are excited to partner with Comvest as we position our Company for our next stage of growth. The new credit facility will provide us with the capital necessary to assist highly levered consumers to become debt-free,” said Tomas Gordon, CEO of ClearOne.

“We are pleased to partner with ClearOne. The Company has a strong reputation in the industry, and we look forward to continuing to work with management to support their strategic growth initiatives,” said Greg Reynolds, Partner at Comvest.

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