Manatt Represented VOX Funding in the transaction.
VOX Funding, an alternative finance company, completed a $40 million credit facility with funds managed by affiliates of Fortress Investment Group. This three-year term facility is expandable up to $75 million and will be used to further VOX’s ability to fund short-term bridge capital to small-to-midsize enterprises nationwide.
VOX Funding believes this investment is a critical addition to its existing equity and capital debt structure, and that it will increase VOX’s ability to positively impact small businesses by providing flexible funding solutions and will help further build its client base, driving profitability and accelerating their growth as leaders in the industry.
The Manatt team included Fintech and Blockchain Leader Brian Korn (Picture), Special Counsel Anthony Schouten and Associate Bernhard Alvine.
Law Firms: Manatt, Phelps & Phillips;
Clients: VOX Funding;