{"id":961149,"date":"2026-05-11T19:13:05","date_gmt":"2026-05-11T23:13:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sezzle-secures-300-million-credit-facility-expanding-capacity-and-lowering-cost-of-capital\/"},"modified":"2026-05-11T19:13:05","modified_gmt":"2026-05-11T23:13:05","slug":"sezzle-secures-300-million-credit-facility-expanding-capacity-and-lowering-cost-of-capital","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sezzle-secures-300-million-credit-facility-expanding-capacity-and-lowering-cost-of-capital\/","title":{"rendered":"Sezzle Secures $300 Million Credit Facility – Expanding Capacity and Lowering Cost of Capital"},"content":{"rendered":"
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Minneapolis, MN, May 11, 2026 (GLOBE NEWSWIRE) — Sezzle Inc. (NASDAQ:SEZL<\/b>) (Sezzle<\/b> or Company<\/b>) \/\/ Purpose-driven digital payment platform, Sezzle<\/a>, today announced a new $300 million receivables funding facility with Mesirow Alternative Credit (f.k.a. Bastion), which will serve as both Lender and Administrative Agent. The new facility doubles the Company\u2019s original $150 million committed facility established in April 2024, which was subsequently expanded to $225 million through an accordion feature. The refinancing lowers Sezzle\u2019s cost of capital and expands committed capacity to support the Company\u2019s continued growth.<\/p>\n

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The facility carries an interest rate of Secured Overnight Financing Rate (SOFR) plus 3.86%, a reduction of nearly 290 basis points from the prior facility’s spread of 6.75%. The advance rate has been increased to up to 92.5% of eligible receivables originations, compared with up to 90.0% previously.<\/p>\n

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\n \u201cAs Sezzle continues to scale, efficient and flexible funding remains a key priority,\u201d <\/i>said Lee Brading, Chief Financial Officer of Sezzle. \u201cThis new facility materially improves our cost of capital, expands our committed capacity, and better positions us to support the growth opportunities ahead. We believe these improved terms reflect the strong performance of our receivables and the disciplined approach our team has taken to credit and capital management.\u201d<\/i><\/p>\n

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\n Key Terms of the Facility<\/u>
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