Stocks in play: Propel Holdings

Announced a new $250 million syndicated credit facility for the company’s CreditFresh line of business. The new credit facility replaces and upsizes the previous CreditFresh facility by $90 million. The CreditFresh portfolio has experienced significant growth since its inception, driven primarily by the expansion of the company’s transformative bank partnership programs. The new credit facility will enable the company to continue supporting this growth trajectory and unlocking the significant opportunity in this line of business. The credit facility includes the participation of several sophisticated lenders, led by Bastion Management and affiliates thereof and Hudson Cove Capital Management and affiliates thereof. Propel Holdings shares T.PRL are trading unchanged at $7.30.

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