Scan.com in talks with private credit funds for asset-backed debt raise
- Will Caiger-Smith
- +Shubham Saharan
Medical imaging platform Scan.com is in talks with private credit funds to raise a new debt facility backed by its accounts receivable, according to 9fin sources.
The initial facility size is likely to be around $20m, with the potential to scale to $100m over time, sources said. The company currently has roughly $48m of accounts receivable, and pricing for the debt facility is being pitched in the low-to-mid teens.
The new debt facility will refinance a roughly $8m AR facility that was recently raised through Percent, an online private credit investing platform. Institutional investors provided the bulk of that facility, with another $1.5m or so coming from retail investors, according to sources.