NewtekOne Subsidiary Newtek Merchant Solutions Secures $95 Million Financing from Goldman Sachs Alternatives
Reuters
Sep 30
NewtekOne Subsidiary Newtek Merchant Solutions Secures $95 Million Financing from Goldman Sachs Alternatives
NewtekOne Inc. announced that its wholly owned subsidiary, Newtek Merchant Solutions, LLC $(NMS)$, has refinanced its term debt facility and revolving line of credit. Private Credit at Goldman Sachs Alternatives is providing NMS with a $90 million term loan facility and a $5 million line of credit. Part of the proceeds was used to fully repay NMS's approximately $30 million of outstanding term debt with another lender, and a $10 million undrawn line of credit with that lender was eliminated.
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