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Apr 28, 2017

Acquisition of Private Label Credit Card Portfolio

Jill P. Fraser and Kyle B. Plunkett

An entity purchased a portfolio of receivables and related assets under a private-label credit card program established with a Canadian chartered bank. 

Aird & Berlis represented the purchaser with a team that included Jill Fraser and Kyle Plunkett. As well as preparing receivable purchase agreements and assignments to deal with the transfer of the assets, A&B also negotiated a secured loan agreement between our client and the bank to finance the purchase. 

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