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Slide Insurance secures USD 175 million senior credit facility for refinancing and growth
InsurTech: Personal Lines
Jun 27, 2024
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InsurTech: Personal Lines

InsurTech: Personal Lines

Jun 27, 2024

Slide Insurance secures USD 175 million senior credit facility for refinancing and growth

Funding

  • Slide, a full-stack digital homeowners insurance provider, secured a USD 175 million senior credit facility led by Regions Bank, with participation from Synovus Bank and Texas Capital Bank. Total funds raised by the company now stand at USD 310 million.

  • The funding will be used to refinance a bilateral senior credit facility previously provided by Regions and provide additional capital to support Slide Insurance's organic and inorganic growth initiatives.

  • Analyst QuickTake: This funding comes one year after it secured a similar credit facility of USD 35 million from Regions Bank in June 2023 .

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