Flexiti enters revolving facility at close of acquisition by CURO

By Taylor Fox

New York, March 10 – Flexiti Financial Inc. completed its third amended and restated credit agreement on March 10 for a C$421 million class A revolving commitment, C$421 million class A revolving conduit commitment and $79 million class B revolving commitment, according to an 8-K filing with the Securities and Exchange Commission.

Credit Suisse AG, New York Branch is the facility agent for the class A revolving lenders, lead arranger, syndication agent and documentation agent; SPF Securitized Products Master Fund Ltd, is agent for the class B lenders; and TSX Trust Co. is collateral agent and verification agent.

The credit agreement became effective when CURO Group Holdings Corp. completed its acquisition of Flexiti Financial. As parent, CURO will guarantee Flexiti Financial and borrower Flexiti Financing SPE Corp.’s obligations under the credit agreement.

CURO is a Wichita, Kan.-based consumer finance company. Flexiti is a Canadian point-of-sale and buy-now-pay-later provider.

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