PR83992

LONDON, May 11, 2020, /PRNewswire=KYODO JBN/--

Stenn International Ltd., [https://stenn.com/ ] a data and financial technology

company that delivers innovative online solutions for buyers and sellers in the

global supply chains, announced today that it has closed a new $200 million

financing facility from Crayhill Capital Management LP [https://crayhill.com/ ]

("Crayhill"), a New York-based private credit manager and asset-based lender.

The facility complements Stenn's existing award-winning accounts receivable

securitisation programme, which provides financing to companies engaged in

international trade.

The new programme, Stenn Direct Funding, carries a sizeable accordion feature

and is structured to ease access to working capital for new and existing

clients via Stenn's online funding technology. This new facility will help

provide liquidity and cash flow management to global companies affected by the

coronavirus pandemic.

Founded in 2015, Stenn provides agile financing for international trade across

a range of industries, helping to address the $1.5 trillion 'trade finance gap'

identified by the International Chamber of Commerce as a significant unmet need

in global trade financing.

Greg Karpovsky, Founder of Stenn, commented: "We are delighted to deepen our

financing partnership with Crayhill at a time when companies trading

internationally urgently need access to liquidity to resume trade. Stenn is

uniquely positioned to support its global client base at this time. Our

long-term strategy is to expand our client base and global footprint  by

building scalable digital funding solutions and forging strong relationships

with capital partners like Crayhill."

Josh Eaton, Managing Partner of Crayhill, commented: "We are pleased to expand

upon and strengthen our partnership with the Stenn team. The company is

financially strong and rapidly growing, with an eye on innovation both in their

capital programmes and service delivery. The Stenn Direct Funding programme

bolsters Stenn's market-leading position in international trade finance."

Chris Rigby, Global Head of Finance & Capital Markets at Stenn, commented:

"This new asset-backed programme provides Stenn with considerable incremental

financing capacity on a committed basis, while serving to expand significantly

Stenn's product suite and jurisdictional reach. The programme itself is highly

flexible and provides Stenn with a scalable and user-friendly direct route to

market over the long-term."

About Stenn International Ltd.

Stenn International Ltd. is a UK-based data and financial technology company

providing flexible financing to companies engaged in cross-border trade.

Stenn's trade finance solutions may be secured and managed online, speeding up

access to liquidity for export suppliers while allowing import buyers to

purchase on open account terms. These innovative practices allow Stenn to

finance in sectors and geographic regions currently underserved in global trade.

Stenn operates globally with offices in Buenos Aires, Los Angeles, New York,

Miami, London, Amsterdam, Brussels, Dusseldorf, Berlin, Mumbai, Singapore, Hong

Kong, Guangzhou, Hangzhou, Qingdao and Shanghai. Learn more at stenn.com

[https://stenn.com/ ] or follow Stenn on Twitter

[https://twitter.com/Stenn_Intl ], LinkedIn

[https://www.linkedin.com/company/stenn-financial-services/ ]and Facebook

[https://www.facebook.com/StennIntl/ ].

About Crayhill Capital Management

Crayhill Capital Management LP is a New York-based alternative asset management

firm that specializes in asset-based, private credit opportunities. The firm

was launched in August 2015 and is registered with the U.S. SEC as an

investment adviser. Crayhill strives to deliver capital solutions through

tailored financing structures. Its asset-based investment strategies draw on

deep sector expertise and relationships throughout the structured finance and

specialty finance markets. For more information please visit www.crayhill.com

or email info@crayhill.com.

SOURCE: Stenn International