Premium Credit gets long-term financing facility with purchase by GTCR

By Sara Rosenberg

New York, Nov. 1 - Premium Credit Ltd. has a commitment for a long-term financing facility from Barclays, Lloyds Banking Group, Deutsche Bank, HSBC and Societe Generale, according to a news release.

Proceeds will be used to support the company's existing funding obligations and future growth, and the facility was done in connection with the buyout of Premium Credit by GTCR from MBNA Europe.

Premium Credit is an Epsom, England-based provider of payment facilitation and financing services in the United Kingdom and Ireland.

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