Atome secures $345 million debt facility for Southeast Asia expansion

SINGAPORE, Jan 13 (Reuters) - Atome, ⁠a Singapore-based digital ‌finance firm, has ⁠finalised the renewal of a syndicated debt facility, enlarged ‍to $345 million, to support its expansion in Southeast Asia, ‍it said in a statement on Tuesday.

The facility ⁠was up from the $200 million syndicated debt facility Atome secured in 2024, it said.

Atome, part of ​Singapore's Advance Intelligence Group backed by investors, including SoftBank Vision Fund 2 and Warburg Pincus, said the facility would support the expansion ‍of its buy-now-pay-later services, lending products and its ‌Pay Later Anywhere card in Singapore, Malaysia and the Philippines.

"We're now ‌even better positioned to support a rapidly growing, healthy and profitable loan book," Andy Tan, Atome's Chief ‌Commercial Officer, said in the statement.

HSBC reprised its ​roles as structuring bank and was mandated lead arranger and bookrunner, while DBS joined as a mandated lead ⁠arranger and bookrunner, Atome ‍said.

Returning lenders include Sumitomo Mitsui Banking Corporation's Singapore branch, Baiduri Bank ​and Cathay United Bank, while Fubon ⁠Bank and Shanghai Pudong Development Bank joined as new participating banks, it added. (Reporting by Yantoultra Ngui; editing by Barbara Lewis)

HSBC Holdings