Hamilton Locke acted for GCI (Global Credit Investments) in relation to the $110 million receivables facility that it and Fortress Investment Group have made available to Openpay.
Openpay is a leading payments fintech that provides omnichannel financing solutions for consumers and businesses. The funding will be primarily used by Openpay to support its current growth trajectory in its receivables book.
Commenting on the transaction, Zina Edwards said: “We are delighted to have once again worked with the GCI and Openpay teams on an upsize of the receivables facility with the addition of Fortress as a financier. We look forward to following the continued growth of the Openpay business.”
The Hamilton Locke team acting for GCI (Global Credit Investments) was led by partner and Head of Finance, Zina Edwards and Senior Associate, Monty Loughlin who was closely supported by lawyer, Mai Dang, while a further team led by finance partner, Brad Allen and lawyer, Wil Alam acted for AMAL Trustees who was appointed to act as security trustee on behalf of the financiers.
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For more information, please contact Zina Edwards, Monty Loughlin and Brad Allen.
