Near Intelligence closes sale of assets to secured lender group

By Sarah Lizee

Olympia, Wash., March 4 – Near Intelligence, Inc. closed the sale of its assets to its secured lenders, affiliates of Blue Torch Finance LLC, on Friday, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the lender group acted as stalking horse bidder for the assets.

The purchase price includes a credit bid of at least $50 million, comprising all amounts Near owes to its lenders under the DIP facility and the $34 million it owes under a prepetition senior secured credit facility.

Near Intelligence is a Pasadena, Calif.-based privacy-led data intelligence company. The company filed bankruptcy on Dec. 8 under Chapter 11 case number 23-11962.

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