Unicorn Financial

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$60 million


Commercial Paper Facility

The undersigned acted as Sole Arranger and Manager of the facility

$60 million asset-backed commercial paper facility

  • Unicorn Financial Services provides financing for individuals having elective medical procedures.
  • Prior to Scura Partners’s involvement, the company was financing its portfolio with a non-bank finance company line.
  • Scura Partners structured a facility which incorporate elements of both credit card and trade receivable securitization.
  • Scura Partners worked closely with the purchaser, a global commercial and investment bank, and the rating agencies to complete the financing for this new and unique asset class.
  • As a result, Unicorn’s financing costs were cut by over 65%, and the advance rate improved by about 20%.
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