This recapitalization provides Afiniti with a stronger financial foundation to accelerate its growth. According to TRGI’s stock filing, the company has invested US$ 15 million in Afiniti through a second-lien convertible debt instrument, on equal terms with other secured lenders.
The closing of the transaction ensures that TRGI’s indirect economic interest in Afiniti is largely retained, subject to certain adjustments.
The transaction was initially disclosed on September 20, 2024, and was finalized after receiving court approvals in Bermuda and the United States.
Hassan Afzal, CEO of Afiniti, expressed optimism about the company’s future, highlighting the opportunities to invest in next-generation technologies and expand growth avenues. He also thanked Vista Credit Partners for their ongoing support.
Brendan Renehan, Managing Director at Vista Credit Partners, also welcomed Afiniti to the Vista ecosystem and emphasized their role as operationally focused financing partners to help Afiniti continue delivering AI-driven solutions.
