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Lendbuzz Secures $150M Credit Facility to Expand Number of Auto Loans

Lendbuzz Secures $150M Credit Facility to Expand Number of Auto Loans

Lendbuzz announced the closing of a $150 million credit facility with J.P. Morgan today. This is the second credit facility between the investment bank and Lendbuzz in 2022 (in January, J.P. Morgan extended a line of credit to Lendbuzz), and in April 2022, J.P. Morgan served as an underwriter on a broadly syndicated ABS transaction.

Read more about the deal on FINTECH Global here.