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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Silicon Valley Bank Closes $70MM Loan Facility with MoneyLion
Tuesday, November 26, 2024
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Lenders/Participants
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Silicon Valley Bank [Lender]
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Structure
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Term Loans
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Amount
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$70.000
Million
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Borrower(s)
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MoneyLion
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Description
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$70.0 million aggregate principal amount of term loans (the “Initial Term Loans”), which were drawn today; and Proceeds of the Initial Term Loans were used to repay in full the approximately $65.0 million aggregate principal amount outstanding under the Company’s existing loan facility, including accrued and unpaid interest and related fees, to pay transaction-related fees and expenses, and for ongoing working capital and general corporate purposes.
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Industry
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FinTech
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Location
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NY
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| Related Tags |
Bank Lender, Silicon Valley Bank
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ABL Advisor
Deal Tables
2024
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