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Published on 7/26/2023 in the Prospect News Private Placement Daily.

Mercury Financial closes on $200 million facility via Neuberger Berman

By Mary-Katherine Stinson

Lexington, Ky., July 26 –Mercury Financial LLC closed on a $200 million facility with funds managed by Neuberger Berman, according to a press release.

Mercury will use the funds to expand its credit card business.

Headquartered in Austin, Tex., Mercury Financial offers credit card products issued by First Bank & Trust in Brookings, S.D. Mercury is backed by Varde Partners.


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