West Creek Closes Secured Debt Facility from Credit Suisse, Neuberger Berman
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RICHMOND, Va., Feb. 15, 2021 /PRNewswire/
West Creek, a fast-growing consumer financing provider, closed a new secured debt facility from Credit Suisse and a fund managed by Neuberger Berman. Sector Financial, an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility. This new facility increases West Creek s funding capacity by over 30% enabling its originations plans for 2021 and 2022. We plan to use the additional credit facility to serve even more customers, enabling them to access the essential items they need, said Rajesh Rao, Chief Financial Officer and Chief Risk Officer. West Creek s focus on machine learning-driven credit decisioning, frictionless user experience, and world-class customer support enhances the way our customers finance essential purchases. An additional funding capacity will go a long way toward expanding our rea