Chartwell Advises Spring Oaks Capital on Structured Capital Investment Alongside New $150 Million Credit Facility

MINNEAPOLIS, Minn. --Chartwell is pleased to announce that Spring Oaks Capital, LLC (“Spring Oaks” or the “Company”) has received a substantial structured capital investment, accelerating the Company’s establishment as the premier, technology-enabled consumer debt investment and collections platform in the industry.

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The substantial private investment, coupled with a $150 million senior secured revolving credit facility provided solely by Ares Global Management, LLC (“Ares”), will support the Company’s opportunistic portfolio acquisition strategy along with the continued development of industry leading technology tools. Further supporting the Company’s growth, Ares has included an incremental $100 million of capital, via an accordion, available for additional capital deployment. In partnering with the leading provider of credit solutions to the consumer finance sector, Spring Oaks is positioned to execute upon a robust pipeline of investment opportunities. Simultaneous with closing, Spring Oaks financed a meaningful investment in selected consumer finance assets, with continued acquisitions scheduled during the remainder of 2020.