Evolution Money have announced a new three-year, £100m senior debt facility with NatWest, securing capital requirements for the business over the coming years.
This facility will allow Evolution Money to continue delivering its growth plans whilst capitalising upon new product opportunities.
Commenting on the facility, Steve Brilus, CEO of Evolution Money, said: “I am delighted that we are continuing our partnership with NatWest who have supported Evolution Money since 2013.
‘’This sizeable commitment reflects our strong working relationship with the NatWest team, their confidence in our business and a shared vision of the future opportunities that exist in our sector“
Matt Glew, Relationship Director of NatWest’s Large Corporate & Institutions Business, said: “We are very happy to have closed this new facility with Evolution Money, and are looking forward to continuing to work closely with Steve and the team as the business moves into the next stage in its journey.
‘’We have extensive experience in the second charge mortgage sector and are excited to see Evolution Money grow with our support.”
Filip Skolnik, Structured Finance Director at NatWest, added: “This commitment is a testament to the quality of the business that Steve and the Evolution Money team have built over the years, and we are pleased to have supported the business during it’s earlier years and having now structured a new financing solution that will enable progression to the next exciting growth stage.”