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Group: • The nation's largest privately held consumer finance company, generating over $2B in revenue in 2017 • Major underlying companies are: Credit One Bank, Resurgent Capital Services, Kroll Bond Rating Agency, and a small Real Estate business (not included in this transaction): Credit One Bank: • OC
usively originates and services the portfolio, then sells it at par to a SPV under Sherrnan's ownership • The company employs low leverage, with a Debt/Equity of 2.1x, which is below 2.4x of comparable public companies Resurgent Capital Partners • Resurgent is a CFPB-regulated purchaser of distressed co
urchase the Carolina Panthers First priority secured interest of the Pledgor's $4.6B equity interest in Sherman Financial Group's business assets: Credit One Bank $3.9B Resurgent Capital $0.5B Kroll Bond Rating Agency (KBRA) $0.16 Wharf Real Estate $0.16 + Wharf Street Ratings Acquisition, LLC and Fulton
lusively originates and services the portfolio, then sells it at par to a SPV under Sherman's ownership • The company employs low leverage, with a Debt/Equity of 2.1x, which is below 2.4x of comparable public companies Resurgent Capital Partners • Resurgent is a CFPB-regulated purchaser of distressed con
e Carolina Panthers Security First priority secured interest of the Pledgor's $4.6B equity interest in Sherman Financial Group's business assets: Credit One Bank $3.9B Resurgent Capital $0.56 Kroll Bond Rating Agency (KBRA) $O.1B Wharf Real Estate $O.1B + Wharf Street Ratings Acquisition, LLC and Fulto
exclusively originates and services the portfolio, then sells it at par to a SPV under Sherman's ownership The company employs low leverage, with a Debt/Equity of 2.1x, which is below 2.4x of comparable public companies Resurgent Capital Partners Resurgent is a CFPB-regulated purchaser of distressed consu
Entities connected to both Credit One Bank and Debt/Equity
Radian
ORGANIZATION
Charleston
LOCATIONJules Kroll
PERSONBen Navarro
PERSONResurgent Capital Partners
ORGANIZATION
Citicorp
ORGANIZATION
Navarro
PERSON
Mohammed bin Salman
PERSONResurgent Capital Services
ORGANIZATIONJoanne
PERSONChemical Bank
ORGANIZATIONKroll
ORGANIZATIONthe Medical University of South Carolina
ORGANIZATIONNavarro Relationship Overview
ORGANIZATIONQuarter End
ORGANIZATION
Prince Andrew
PERSONFabrizio Campelli
PERSONJessica Wilbur
PERSONAlliance Data Systems
ORGANIZATIONAndrew Gallivan
PERSON