Inactive Instrument

IOU FINL

Equities

IOU

CA44985J2048

Iou Financial Inc. Extends Credit Facility with Midcap Financial

December 31, 2019 at 08:30 am EST

IOU Financial Inc. announced that it has modified and extended its USD 22 million secured credit facility (the "Credit Facility") with MidCap Financial, ("Midcap") until December 31, 2022. The modified interest rate of the Credit Facility is LIBOR plus 5.5%, down from LIBOR plus 8.5%.

Latest news about IOU FINL

FinTech Ventures Fund, LLLP, managed by Qwave Capital LLC, Palos Capital Corporation and NB Specialty Finance Fund LP, managed by Neuberger Berman Investment Advisers LLC completed the acquisition of remaining 53.92% stake in IOU Financial Inc.	23-09-28	CI
IOU Financial Shareholders Vote to Approve the C$22.32-Million Sale of the Company	23-09-12	MT
Transcript : IOU Financial Inc. - Shareholder/Analyst Call	23-09-12
IOU Financial Reports Q2 Net Loss, Revenue Down YOY; To Seek Shareholder Approval for Acquisition by Group of Investors	23-08-28	MT
IOU Financial Brief: Entered into Arrangement Agreement to be Acquired by a group of Investors; Transaction Expected to Close Late Q3 2023	23-08-28	MT
IOU Financial Brief: Q2 Net loss and Adjusted net loss of $(0.4) Million; Revenue of $5.0 Million and Adjusted Revenue of $4.3 Million	23-08-28	MT
IOU Financial Inc. Provides Financial Guidance for 2023	23-08-27	CI
IOU Financial Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-27	CI
IOU Financial Brief: Calling Special Shareholders' Meeting for Going-Private Transaction; Meeting to be held on September 12, 2023 in Virtual-Only Format	23-08-10	MT
IOU Financial Rises 6% As Confirms Unsolicited Proposal From North Mill Equipment Finance	23-07-27	MT
IOU Financial Confirms Unsolicited Proposal From North Mill Equipment Finance	23-07-27	MT
IOU Financial Receives a Richer Acquisition Offer From North Mill Equipment Finance	23-07-25	MT
North Mill Equipment Finance, LLC submitted a proposal to acquire IOU Financial Inc. for CAD 29.5 million.	23-07-24	CI
Toronto Stocks Flat; Telus International Shares Plummet on Outlook Cut	23-07-14	DJ
Neuberger Berman, Palos Capital and Fintech Ventures to Buy IOU at $0.22 per Share in an All-Cash Transaction	23-07-14	MT
IOU Financial Brief: Neuberger Berman, Palos Capital and Fintech Ventures to Buy IOU at C$0.22 per Share in an All-Cash Transaction	23-07-14	MT
FinTech Ventures Fund, LLLP, managed by Qwave Capital LLC, Palos Capital Corporation and NB Specialty Finance Fund LP, managed by Neuberger Berman Investment Advisers LLC entered into an arrangement agreement to acquire remaining 53.92% stake in IOU Financial Inc. for CAD 12.5 million.	23-07-13	CI
Transcript : IOU Financial Inc. - Shareholder/Analyst Call	23-06-28
IOU Financial Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-30	CI
IOU Financial Inc. Appoints Kimberley Haffey as Vice President of Sales	23-05-05	CI
IOU Financial Brief: Down Near 15% After Overnight Reporting 2022 Financial Results, Providing Outlook	23-04-26	MT
IOU Financial Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-25	CI
IOU Financial Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-04-25	CI
IOU Financial Inc. Brief: David Kennedy, who has served as CFO since 2016, has accepted an advisory role with the Co; Danny O'Keefe, formerly Chief Accounting Officer, has taken on the role of CFO	23-02-28	MT
IOU Financial Inc. Brief: Announcing CFO Transition	23-02-28	MT

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Company Profile

IOU Financial Inc. is a wholesale lender that provides access to growth capital to small businesses through a network of preferred brokers across the United States. The Company has built IOU360 technology platform that connects underwriters, merchants and brokers in real time. Its IOU Financial platform connects to dozens of data sources, aggregating and automatically processing hundreds of data points on a business in seconds. It also operates a commercial lending brokerage business through its wholly owned subsidiary, ZING Funding. The Company sells substantially all loans that it originates to institutional purchasers and retains the right to service those loans on behalf of the purchasers in exchange for servicing fees based on collections. Its customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies.

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