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Comvest Credit Partners Agents $125MM Credit Facility for Acima Credit

May 03, 2018, 07:19 AM
Filed Under: Lender Finance

Comvest Credit Partners acted as Administrative Agent and Lender for a $125.0 million senior secured credit facility to Acima Credit, LLC. Acima provides creative alternatives to retail customers that cannot secure traditional financing through a proprietary point-of-sale technology platform. The Financing was used to retire existing debt and support growth initiatives.

“We are excited to partner with Comvest Credit Partners. They worked quickly to provide Acima with an optimal financing structure and the capital necessary to execute on our growth initiatives,” said Aaron Allred, Founder and Chief Executive Officer at Acima.

“We are very pleased to partner with Acima to help facilitate the Company’s growth in their respective markets. The Company’s excellent reputation in the market is a testament to its strong management team and unique technology platform,” said Brad Nii, Managing Director at Comvest.

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