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Hamilton Locke Advises GCI on its $65m Facility to Openpay Group

Hamilton Locke is delighted to have acted for Global Credit Investments (GCI) in respect of the upsize and extension of the receivables funding facilities it provides to Openpay's Australian business.

GCI is a specialist credit investor targeting loans to lenders, asset backed finance, scale up finance and special opportunities funding, such as bridging finance or asset acquisition finance.

Commenting on the transaction, Zina Edwards said: “We are once again delighted to have assisted the GCI team. The transaction ran to a very tight timeline but all parties worked collaboratively together to achieve a successful financial close. We are excited to follow the growth of Openpay's business

The team at Hamilton Locke was led by Partner Zina Edwards and included Special Counsel, Lauren Cloete.

Click here to read the full announcement.