Morses Club has secured an extension of its revolving credit facility

April 2020 — Morses Club PLC has completed a fundraising.

Morses Club is an established provider of non-standard financial services in the UK.

Our role in the transaction

Oaklins Cavendish, based in the UK, advised Morses Club PLC on securing an extension of its revolving credit facility with its existing funding syndicate until the end of November 2021.

Service

Funding, debt advisory & ECM

Parties

“I'm delighted that we have secured a new loan facility and that our three existing funders continue to support the business during this challenging period, demonstrating their confidence in Morses Club and our growth and digital diversification strategy. The new loan facility provides us with sufficient funding to meet our requirements, including expanding our product offering as we address the evolving needs of our customers.”

Paul Smith

CEO, Morses Club PLC

Talk to the deal team

Alistair Hay

Partner

London, United Kingdom
Oaklins Cavendish

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