Webbank Invests $250 Million In Avant To Support Growth Of Credit Card Program
Jul 14, 2022•about 3 years ago
Amount Raised
$250 Million
Description
WebBank announced today it has committed to invest up to $250 million in the obligations of a securitization structure sponsored by Avant that are secured by credit card receivables. The investment will be used to meet the continuing demand and growth of the Avant® MasterCard® Credit Card issued by WebBank. WebBank’s investment will be applied over a three-year revolving term.
Funding Insights
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