Viva Capital Funding, a leading invoice factoring specialty finance company, announced closed $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. Proceeds will be used by the Company to restructure existing debt and support additional growth of the business.
 
“This financing positions Viva to tackle new markets and take the next step in our growth plans.” said President, Greg DiDonna. “We have purchased over $1 billion in receivables and more than doubled our revenue over the last 5 years.  This new capital will allow us to continue to provide financing to our small business clients and expand our market share.”

Michael Marshall, Director of Finance at Viva, added, “This transaction streamlines our capital structure and reduces our cost of capital to support capitalizing on new business opportunities available to Viva in today’s market.”

Brean Capital, LLC served as the Company’s Exclusive Financial Advisor and Placement Agent on the transaction.