CURO Group Holdings Corp.: debt financing — CURO closes $140M asset-backed facility, upsizes Canada revolver to C$150M, plus Flexiti update

On November 6, 2023, CURO Canada Receivables II Limited Partnership (the “Canada SPV Borrower”), a bankruptcy-remote special purpose vehicle and an indirect wholly-owned subsidiary of the CURO Group Holdings Corp., entered into an amendment (the “Amendment”) to its existing revolving credit facility (the “Canada SPV Facility”) with Midtown Madison Management LLC (the “Agent”), as administrative agent, and the lenders party thereto, pursuant to which Amendment the parties have agreed to, among other things, increase the commitments of the lenders thereunder by an amount of C$40 million, thereby increasing the borrowing capacity under the Canada SPV Facility to C$150 million, and to include cross-default events of default against certain indebtedness of First Heritage Financing I, LLC and Heights Financing I, LLC

On November 3, 2023, Heights Financing II, LLC (the “Borrower”), an indirect wholly owned bankruptcy-remote subsidiary of Southern Co., Inc., entered into an asset-backed warehouse facility (the “Facility”) under a Credit Agreement (the “Credit Agreement”) with SouthernCo, Inc., as Servicer, Midtown Madison Management LLC, as Structuring and Syndication Agent, Paying Agent, Collateral Agent and Administrative Agent, ACM AIF Evergreen P3 DAC SubCo LP, Atalaya Asset Income Fund Parallel 345 LP, ACM AIF Co-Investment DAC SubCo LP and ACM A4 P2 DAC SubCo LP, as Lenders (collectively, the “Lenders”), the subservicers party thereto, Systems & Services Technologies, Inc., as Image File Custodian and Backup Servicer, and Wilmington Trust, National Association, as Borrower Loan Trustee. Pursuant to the Credit Agreement, the aggregate borrowing capacity under the Facility is $140 million

On November 6, 2023, CURO Canada Receivables II Limited Partnership (the “Canada SPV Borrower”), a bankruptcy-remote special purpose vehicle and an indirect wholly-owned subsidiary of the CURO Group Holdings Corp., entered into an amendment (the “Amendment”) to its existing revolving credit facility (the “Canada SPV Facility”) with Midtown Madison Management LLC (the “Agent”), as administrative agent, and the lenders party thereto, pursuant to which Amendment the parties have agreed to, among other things, increase the commitments of the lenders thereunder by an amount of C$40 million,

On November 3, 2023, Heights Financing II, LLC (the “Borrower”), an indirect wholly owned bankruptcy-remote subsidiary of Southern Co., Inc., entered into an asset-backed warehouse facility (the “Facility”) under a Credit Agreement (the “Credit Agreement”) with SouthernCo, Inc., as Servicer, Midtown Madison Management LLC, as Structuring and Syndication Agent, Paying Agent, Collateral Agent and Administrative Agent, ACM AIF Evergreen P3 DAC SubCo LP, Atalaya Asset Income Fund Parallel 345 LP, ACM AIF Co-Investment DAC SubCo LP and ACM A4 P2 DAC SubCo LP, as Lenders (collectively, the “Lenders”),