Bastion Management Closes $150 Million Facility with Sezzle

Group 1: Investment Details - Bastion Management announced a senior debt investment of $150 million in Sezzle Inc., with an accordion feature allowing for an increase up to $225 million [1] - This new facility is intended to refinance a previous $100 million facility established in October 2022 [1] - The additional liquidity will support Sezzle's growth in the U.S. and Canadian markets and enable the pursuit of new strategic initiatives [1] Group 2: Company Perspectives - Sezzle's CFO, Karen Hartje, expressed enthusiasm about the extended partnership with Bastion, highlighting that the larger and lower-cost facility will enhance their ability to fund new strategic initiatives and sustain profitable growth [2] - Bastion's CEO, Jay Braden, emphasized the importance of this new credit facility in supporting Sezzle's management team in their efforts to innovate and expand offerings [2] Group 3: Company Background - Bastion Management is a private investment firm focused on providing financing solutions to small and midsized businesses in the alternative finance sector across North America and the UK [3] - Since its inception, Bastion has closed over 45 transactions, totaling over $1.3 billion in commitments to consumer lending platforms and emerging financial technology companies [3] - Sezzle is a fintech company that aims to empower consumers through its payment platform, which offers interest-free installment plans [4] - Sezzle's services are designed to increase purchasing power and promote responsible spending among consumers [4]