Ampla's continued growth is a testament to its resilience and unwavering commitment to delivering value to consumer brands. The closing of this facility follows Ampla's successful partnerships with Goldman Sachs and Atalaya Capital Management, highlighting the company's ability to secure top-tier financial backing. We are pleased to support Ampla's expansion plans and look forward to a successful partnership." On the other hand, Waterfall Asset Management, LLC (Waterfall) contends that BNYM is misinterpreting the Swap Agreement, that it will bring suit against Wells Fargo if Wells Fargo distributes the res to BNYM, and that BNYM is liable to the trust for alleged overpayments made to BNYM pursuant to the Swap Agreement. Justin Myers from Waterfall Asset Management added, "Ampla's commitment to innovation and its track record effectively serving consumer brands is commendable. "This additional capital marks a significant milestone for Ampla as we continue our mission to empower consumer brands, and comes at a time when we are aggressively expanding our product offerings to include a broader base of cards and software products," said Anthony Santomo, CEO of Ampla. Ampla's diverse product lines are designed to meet the unique needs of businesses, providing them with the flexibility required to navigate today's dynamic market landscape. The new funds will be instrumental in advancing Ampla's expansion initiatives, allowing the company to further enhance its comprehensive suite of products for consumer brands. Despite the complexities of the economic environment, Ampla remains steadfast in its dedication to supporting businesses and helping them thrive. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.Īmpla's ability to secure this substantial credit facility underscores confidence from the broader capital markets community in its value proposition, and its commitment to serving consumer brands by providing tailored software products and financial services. Ampla, a leading provider of innovative financial solutions for consumer brands, closed a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management.
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