Bastion Management Closes $150 Million Facility with Sezzle
STAMFORD, Conn., May 17, 2024 /PRNewswire/ — Bastion Management (“Bastion”), a private investment firm focused on asset-based lending in the specialty finance sector, announced today that it agented a senior debt investment of $150 million, with an accordion up to $225 million, in Sezzle Inc. (NASDAQ:SEZL) (“Sezzle” or “Company”) to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates. The new facility will provide additional liquidity to fund the Company’s future growth in the U.S. and Canadian markets and pursue new strategic initiatives.