CVC, EQT Credit in second refinancing round for Paymentsense

The facility comprises both senior and subordinated financing for Paymentsense. It follows a first financing agreement by the two debt providers in November 2016, when both arranged a £110m unitranche facility for the payment services company.

Founded in 2009 and headquartered in London, Paymentsense specialises in providing card processing services to small and medium-sized businesses. It processes around £7bn transactions annually, according to the company.

EQT's credit platform invests with three strategies: senior debt, direct lending and credit opportunities. It has invested €4.5bn across 155 companies since its launch in 2008.

CVC Credit Partners is a global credit asset manager with offices in the US and Europe, and $18.4bn in assets under management.

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• Topics
• Refinancing
• UK / Ireland
• Nordics
• Financials
• Sweden
• United Kingdom
• EQT
• CVC Credit Partners