Altriarch Asset Management, LLC (“Altriarch”) is pleased to announce the closing of a $40 million senior asset-based credit facility for a leading specialty finance company focused on debt relief services (the “Company”).
Founded in 2019, the Company is a nationwide debt relief services provider, negotiating settlements of unsecured debt with creditors on behalf of clients enrolled in the program. Since inception, the Company has successfully settled more than $550 million in debt.
Proceeds from the facility will be used to refinance a portion of the Company’s existing senior credit facility and provide additional capital to support continued growth.
“This transaction reflects Altriarch’s ability to underwrite specialized receivables that require unique structuring to deliver a tailored capital solution for a growing platform,” said Andrew Cooney, Senior Vice President at Altriarch. “The Company has demonstrated consistent origination and strong settlement performance across multiple market cycles. We’re pleased to provide a solution that supports its next phase of growth.”
Note: This announcement contains forward-looking statements subject to risks and uncertainties. Actual results may differ.
