FLOCK Raises Additional Capital To Expand Portfolio Financing
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Company Research
Source: PR Web
ATLANTA (PRWEB) October 16, 2018 FLOCK Specialty Finance ("FLOCK") announced today that it has closed on a new senior debt facility with MidCap Financial Services, LLC. FLOCK is an Atlanta-based, alternative funding provider of capital and expertise for the purchase of both charged-off debt portfolios as well as for the financing of subprime consumer obligations. The new funding represents a significant increase in senior debt capital for FLOCK, nearly doubling its deployment capacity. "Our new relationship with MidCap takes our specialty finance company to a whole new level of growth, providing a wider menu of offerings in a broader array of complementary asset classes. It ensures that we will have capital solutions aligned with our clients, supporting their future growth strategies," said Michael Flock, Chairman and CEO of FLOCK Specialty Finance. "This financing provides three big benefits for clients. First, it enables FLOCK to finance new asset classes including subprime per
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APO
Earnings
- 2/8/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website