E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for Southern Management Corp. > News item
Published on 2/5/2020 in the Prospect News Bank Loan Daily and Prospect News Private Placement Daily.

Southern Management enters into $350 million ABL revolver via Ares

By Sarah Lizee

Olympia, Wash., Feb. 5 – Southern Management Corp. got a $350 million revolving asset-backed credit facility secured by consumer loans with Ares Management Corp., according to a press release.

The financing will repay Southern’s existing credit facility and support its acquisition of Heights Finance Corp.

Southern Management is a consumer finance company based in Greenville, S.C.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.