This new senior line will bolster Marlin’s existing £60m funding and marks the beginning of a partnership with RBS, while strengthening its existing relationship with Investec.
“In the last 12 months our unique collection capabilities have allowed us to invest close to £100m profitably in UK consumer non-performing loans, representing 10 per cent of the market,” Marlin CEO Ken Stannard said in a statement.
“The reduced cost of funds and greater capacity that this new facility brings will further strengthen our competitive position for growth over at least the next three years.”
Duke Street bought a 58 per cent stake in Marlin in April 2010.
The company chases “litigation quality” debt in the high-balance segment of the market, reclaiming money through lawsuits.
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