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Avant Closes $139 Million Asset-Backed Securitization Led by Jefferies and Secures $200 Million Credit Facility Led by J.P. Morgan and Credit SuisseNew Funding Supports Avant's Rapid Expansion as the Leading Marketplace Lending Platform for Middle Class Consumers

Aug 20, 2015 - PR Newswire

Avant, a leading marketplace lending platform, is pleased to announce two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant's funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional Marketplace.

The financing transaction with Jefferies LLC, marks Avant's first asset-backed securitization. The inaugural 144A securitization transaction will provide Avant...