24th Oct 2018 13:06
LONDON (Alliance News) - Ranger Direct Lending Fund PLC said on Wednesday it has agreed to sell current receivables for USD18.2 million.
The transaction is part of with Ranger Direct's plan to sell or refinance its investment portfolio.
The company said it will receive a blended rate equal to 96.5% of par for all receivables originated by the Consumer Receivables Platform that are either current or up to 30 days delinquent. These had a principal balance of USD18.5 million.
In addition to the sale of performing loans, Ranger Direct is also looking to sell a small portfolio of charged-off loans for USD191,235.
Shares in Ranger Direct Lending Fund were up 0.5% at 770.00 pence on Wednesday.
Related Shares:
RDL.L