Avmont gets $60 million senior secured credit facility via Woodforest

By Marisa Wong

Morgantown, W.Va., Sept. 11 – Avmont LLC obtained a $60 million senior secured credit facility led by Woodforest Commercial Banking as administrative agent and lead arranger, according to a news release.

The oversubscribed financing will be used to support growth and asset acquisition opportunities, the release noted.

Avmont is an Atlanta-based asset manager specializing in purchasing whole-life insurance policies from individuals and managing pools of these assets for third-party investors.

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