JP Morgan advised on $125m Credit Corp cap raise

By Jerome Doraisamy|11 April 2019

Australian debt buyer Credit Corp Group has raised $125 million in order to fund its expansion into the United States, which was fully underwritten by JP Morgan Securities.

Firm: Baker McKenzie (JP Morgan Securities Australia Limited)

Deal: Bakers acted as Australian legal counsel to JP Morgan Securities, as sole lead manager of a fully underwritten $125 million institutional placement by Credit Corp Group Limited and a $10 million non-underwritten share purchase plan.

Value: $125 million

Area: Equity markets

Key players: The Bakers team was led by head of equity markets and partner Craig Andrade, who was assisted by lawyer Matthew De Cataldo.

Deal significance: Mr Andrade said: “We were delighted to act for our client, JP Morgan, as lead manager and underwriter on this capital raising which will provide enhanced financial capacity for Credit Corp to accelerate the strategic expansion of its debt purchasing and collecting business in the United States.”

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JP Morgan advised on $125m Credit Corp cap raise
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