VION Receivable Investments Announces Acquisition of Interest in $1.5B Pool of Performing Receivables

Atlanta – VION Receivable Investments, through an affiliated unit, VION Holdings II LLC, today announced that it has acquired an interest in a $1.5B pool of performing accounts receivable in the company’s largest transaction to date. GA Capital, LLC, a subsidiary of Great American Group, Inc. (OTCBB: GAMR), will serve as the administrative agent on a $65 million senior secured term loan to VION Holdings II LLC.  

Stacey Schacter, Chief Executive Officer of VION stated, “This acquisition is a watershed moment for VION as we expand our reach into the performing receivable and related asset market. Working in conjunction with our lender and numerous other parties was critical in enabling VION to complete this rather complex transaction.”