Sezzle secures $300 million receivables funding facility with Mesirow Alternative Credit

Sezzle

Sezzle

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  • Sezzle secured a new USD 300 million receivables funding facility with Mesirow Alternative Credit, replacing its prior committed facility that started at USD 150 million in April 2024 and later expanded to USD 225 million.
  • Refinancing cuts pricing to 3-month Term SOFR + 3.86% with 2% SOFR floor, down from 6.75% spread on prior facility.
  • Committed capacity increases to USD 300 million, with USD 75 million accordion available.
  • Advance rate rises to as much as 92.5% of eligible receivables originations, up from as much as 90% previously.
  • Facility term set at 3 years; minimum utilization reduced to USD 50 million from USD 60 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sezzle Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605111806PRIMZONEFULLFEED9717890) on May 11, 2026, and is solely responsible for the information contained therein.

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