JP Morgan advised on $125m Credit Corp cap raise

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JP Morgan advised on $125m Credit Corp cap raise

JP Morgan

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.”

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is a senior writer for Lawyers Weekly and Wellness Daily at Momentum Media.

Jerome is an admitted solicitor in New South Wales and, prior to joining the team in early 2018, he worked in both commercial and governmental legal roles and has worked as a public speaker and consultant to law firms, universities and high schools across the country and internationally. He is also the author of The Wellness Doctrines self-help book series and is an adjunct lecturer at the University of Western Australia.

Jerome graduated from the University of Technology, Sydney with a Bachelor of Laws and Bachelor of Arts in Communication (Social Inquiry).

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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