FBC represented Viola Credit in connection with a junior debt facility of up to $22.5 million, extended by Viola Credit together with an institutional lender to a subsidiary of Lendbuzz Inc. As part of the transaction, Viola Credit was granted an investment option in Lendbuzz of up to $1.5 million.
FBC also advised Viola Credit in connection with the formation of the Viola Credit entity consummating the financing transaction and its negotiation with investors therein.
In addition to Viola’s junior debt facility, Bank Hapoalim International led a syndicate of lenders in a concurrent senior $105 million debt facility as part of the debt financing package.
Viola Credit is Israel’s leading venture lending fund, offering multi-strategy credit products to tech companies in their growth stage.
Lendbuzz, headquartered in the U.S., is an alternative financing provider, specializing in car loans for expats and international students in the U.S. Lendbuzz’s solution allows those without a credit history, but with robust educational, employment, savings and earnings potential to receive loans that otherwise might not have been obtained.