Castlelake, L.P. (“Castlelake”), a global alternative investment manager with 15 years of experience investing in asset-rich opportunities, today announced that it has finalized a receivable purchase agreement with Signet Jewelers Limited (NYSE: SIG), the world’s largest retailer of diamond jewelry. Castlelake, on behalf of its funds, will extend its purchases of receivables through June 2023, enabling Signet to outsource its credit offerings. The purchases will include add-on credit card receivables on Castlelake’s existing accounts and Signet-owned credit receivables that had been originated through fiscal year 2021. Castlelake also participated in the acquisition of a portfolio of receivables related to credit card accounts previously originated through Signet.
Announcement