Purchasing Power® Completes $200 Million Asset Backed Securitization
The new credit facility will support Purchasing Power's growth plan into the first quarter of 2026.
- The new credit facility will support Purchasing Power's growth plan into the first quarter of 2026.
- Purchasing Power, LLC, announced today it closed a $200 million securitization on February 28, 2024.
- "Purchasing Power's mission of Powering People to a Better Life is always well received and resonates deeply in the investment community," said Ron Oertell, Chief Financial Officer at Purchasing Power.
- "This securitization maintains our ability to continue to serve our employee customers and employer clients by offering this unique, highly valuable benefit.