Facility used to acquire short-term trade receivables sourced globally

New York, February 16, 2023 – Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, announced today the close of a $200 million receivables financing facility with Stenn Technologies, a UK-based SME finance platform. The facility, which will initially be $200 million, expandable to up to $400 million, is collateralized by a diverse portfolio of high-quality, short-term trade receivables. Goldman Sachs provided a committed senior credit facility against the portfolio in the initial amount of $175 million.

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Article originally published in the PR Newswire.

Also see Wall Street Journal.

Stenn International Ltd. (“Stenn”), a provider of trade financing solutions across global markets, today announced the closing of a senior financing facility with Natixis S.A. (“Natixis”). With a targeted size of up to $500 million, the facility will provide additional capacity for Stenn to deliver working capital solutions to suppliers and buyers engaged in international trade. Read More