MCM Capital Group recently announced it closed a $29 million securitization backed by consumer receivables in a private placement sold to institutional investors.

In addition, the company also secured $10 million in funds through the sale of senior notes to ING Barings. Those notes carry a coupon of 12% and feature a guarantee from Midland Credit Management Inc. It also issued warrant to acquire up to 528,571 shares of common stock at a price of $0.01 cents a share.

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