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Comvest Credit Partners Provides $50MM Credit Facility to Above Lending

July 21, 2021, 07:59 AM
Filed Under: Lender Finance

Comvest Credit Partners acted as Administrative Agent and Sole Lender in providing a $50 million Senior Secured Credit Facility to Above Lending, Inc., a consumer lending company. The financing will be used to fund the origination and acquisition of consumer loans.

Above Lending is a consumer lending company that originates and markets unsecured debt consolidation loans to eligible consumers.

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million.  Comvest has offices located in West Palm Beach, Chicago, and New York.

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