Eversheds Sutherland Advises Kalamata.com on Closing Securitization of Up to $500 Million to Provide Financing for Small Businesses

Kalamata.com LLC (“Kalamata”), a leading online capital provider of fast, simple, and trusted financing options for small businesses, earlier this month announced the closing of a successful securitization of a revolving portfolio of business advance receivables. The transaction, which closed on April 9, 2024, involved the issuance of two classes of notes initially totaling $80 million, and expandable up to $500 million.

KBRA assigned an investment grade “BBB” credit rating to the senior notes.

For more than ten years, Kalamata has provided capital to thousands of small business owners and entrepreneurs to help them grow, create jobs, and better serve their communities. This securitization, and Kalamata’s continued investment in new technologies, further strengthens the company’s position as a leader in the alternative finance and private credit industries.

Guggenheim Securities served as sole structuring advisor and the sole initial purchaser of the notes. Eversheds Sutherland, Miles & Stockbridge, and Holland & Knight provided legal advice to Kalamata.

Finance Partner Brennan Posner led the Eversheds Sutherland team, with assistance from Tax Partner Robert Chase, Finance Counsel Rossina Petrova and Senior Tax Associate Brian Tschosik.