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Marlin Signs $128 Million Loan to Buy More U.K. Sub-Prime Debt

Nov. 2 (Bloomberg) -- Marlin Financial Group, a U.K.-based buyer of non-performing consumer debt, signed an 80 million-pound ($128 million) credit line arranged by Royal Bank of Scotland Group Plc and Investec Plc.

The three-year loan will boost the company’s capacity for further debt purchases, according to a statement on the website of Duke Street Capital Ltd, owner of a majority stake in the Worthing, England-based business.

Marlin has invested almost 100 million pounds in U.K. non-performing loans in the last year, about 10 percent of the market, according to the statement.

To contact the reporter on this story: Stephen Morris in London at smorris39@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

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