Beyond Finance, a Beverly, MA- and Houston, Texas-based debt resolution services provider, received a $60m senior credit facility.
Comvest Credit Partners was the administrative agent and sole lender for the financing.
The company intends to use the funds to:
– repay existing debt, and
– fund ongoing working capital needs.
Founded in 2016 and led by Larry Litton, Chief Executive Officer, Beyond Finance is a success fee-based debt resolution services provider. The company invests in innovative technologies to identify and target the market segment. At the same time, market research enables Beyond Finance to customize its products to better service its clients.
The team also includes:
– Shane Ross, Chief Operating Officer
– Eric Rapp, Chief Financial Officer
– Connie Kondik, Chief Compliance Officer and General Counsel
– Jeffrey Beckwith, Chief Risk Officer
– Paritosh Pathak, Chief Technology Officer