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Buckle upsizes term loan to grow insurance platform

March 24, 2022

Buckle, a digital financial services company for the gig economy, has completed a $15 million upsizing of its term loan with participation from Siguler Guff & Company, along with existing lender Hudson Structured Capital Management (conducting its re/insurance business as HSCM Bermuda).

This increases the total to $35 million, with the proceeds of the deal set to provide capital to support the company’s distribution of its gig insurance products and the growth of business on its carriers.

It will also help to fund Buckle’s strategy of utilizing a portfolio of reinsurance partnerships across all programs.

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