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0 0.00217202432667249 0.000868809730669119 -0.00173761946133793 -0.0112489139878366 -0.0106429192006949 -0.0137923544743701 -0.0158557775847089
Stock impact report

Victory Park Capital Announces New Warehouse Facility with Zip, Expanding Long-Standing Partnership [Yahoo! Finance]

Janus Henderson Group plc Ordinary Shares (JHG) 
Last janus henderson group plc ordinary shares earnings: 4/30 04:00 am Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4147331
Company Research Source: Yahoo! Finance
credit, today announced the closing of a new warehouse facility of just over US$283 million with Zip Co Limited ("Zip"), a digital financial services company offering innovative, people-centered products. The facility, arranged in partnership with ATLAS SP Partners and VPC, will support the continued growth of Zip's U.S. receivables. VPC is providing the second-lien mezzanine tranche as part of the transaction. The two-year facility will finance Zip's U.S. Buy Now, Pay Later (BNPL) receivables, increasing the company's funding capacity and scalability. The transaction highlights the ongoing growth of VPC's lending platform. Alongside its core senior secured asset-backed finance strategy, VPC now has the flexibility to execute lower-cost senior secured, forward flow and mezzanine transactions. "VPC is proud to build on our partnership with Zip as the company continues its trajectory of transformative growth and prioritizes expansion in the U.S. market," said Jason Brown, senior par Show less Read more
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