The Industry and Company

A leading consumer technology platform (the “Company”) develops and operates proprietary technology applications supporting a variety of offerings on its platforms. While the Company had disrupted the industries it operates within, its operations have been impacted by a downturn during COVID-19.

The Situation

An IT OEM serves as a vendor for the Company’s technology infrastructure equipment including servers and other technological assets. This vendor had built up exposure to the Company via continued sales and financing of equipment over time.   

The Result

Atalaya purchased ~$6M in lease financing from the vendor. The transaction enabled the vendor to reduce exposure and free up additional balance sheet capacity as the Company continues to scale and develop its platform.