Axactor to use credit facility borrowings to fund portfolio purchase

By Sarah Lizee

Olympia, Wash., Nov. 12 – Axactor Germany said it plans to use credit facility borrowings to help finance its acquisition of a portfolio of unsecured consumer claims from a large financial institution.

Existing cash will also be used for the transaction, according to a news release.

The portfolio contains 18,000 claims, with an outstanding principal value of about €80 million.

Axactor is an Oslo-based debt collector.

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