Jefferson Capital Inc. (NASDAQ: JCAP) expanded its revolving credit facility by $150 million to $1.15 billion, the company announced April 23. The expansion added two new banking partners to the lending syndicate, with each committing $75 million.

The amended credit agreement increases the maximum cap on future revolving credit commitment increases to $1.425 billion. The amendment included no other material changes to the existing agreement.

The Minneapolis-based company purchases and manages charged-off, insolvency and active consumer accounts. Jefferson Capital operates in the United States, Canada, the United Kingdom and Latin America, serving clients including Fortune 500 creditors, banks, fintech platforms, telecommunications providers, credit card issuers and auto finance companies.

"This additional capacity provides us with increased financial flexibility to execute on our growth initiatives and drive long-term value creation for our shareholders," said David Burton, chairman and chief executive officer.

Founded in 2002, Jefferson Capital maintains operations across multiple locations including offices in Minnesota, Colorado, Texas, the United Kingdom, Canada and Colombia. The company services both secured and unsecured assets for its client base.