Klarna (KLAR) doubled its existing forward-flow and whole-loan sale agreement with investment funds managed by Elliott Investment Management. The facility size doubles to $2bn and the term extends by one year to three years, enabling Klarna to facilitate up to $17bn-worth of US Financing loans during the remaining life of the program. “Klarna’s US Financing is growing fast because it gives Americans something the credit card industry never has: real choice, clear terms, and no surprises. This partnership sets the foundation for us to meet the accelerating demands of our American consumers.” – Niclas Neglen, Chief Financial Officer, Klarna
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLAR:
- Klarna, H&M expand partnership in Romania and Hungary
- PayPal (PYPL) Investors Risk Losing Spot in Class Action Lawsuit if They Miss This Deadline
- Klarna announces Klarna Card reaches 5M active customers
- Klarna surpasses 1M merchants globally
- Klarna Shares (KLAR) Jump 10% as Chair Buys $50 Million Worth of the Beaten-Down Stock