Marlin Signs $128 Million Loan to Buy More U.K. Sub-Prime Debt
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. (INVP)
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 editor responsible for this story: Faris Khan at firstname.lastname@example.org.