Second Round, LP Closes on Capital Facility for Debt Purchasing

Second Round, LP announced today it closed on a new debt purchasing facility from a private investment group. The facility will be used to grow the company’s strategic debt purchasing while benefitting from the opportunities available in the current market.

Since the company’s launch in June of 2008, Second Round has positioned itself as a 100% U.S. based firm that focuses on filling creditor’s and debt buyer’s sophisticated recovery needs. Second Round also utilizes a nationwide legal strategy via its network of collection attorneys.

Vice-President of Business Development, Rosson Richardson, noted, “This facility is the second in a series of five commitments from our established and expanding investor group. Our performance, commitment to compliance, and discipline in a volatile capital market has enabled us to provide a consistent return to our investors which outperformed most traditional investments.”

Larry Vasbinder (CEO) commented, “This facility supports our growth plans and allows us to invest when the volume of fresh charge-offs entering our market is at a level never experienced by this industry. There are clearly some attractive purchases opportunities in the secondary market and mid-tier direct market available to firms with sufficient capital. Along with the rest of our team, I am excited about the company’s future prospects.”

Second Round LP is a full service debt purchasing and account receivables management firm founded by industry veterans Joseph Duarte (COO) and Larry Vasbinder (CEO). Second Round’s business philosophy leverages contingency based recovery with strategic debt purchasing to provide consistent results and favorable returns to its customers and investors. For more information please contact Rosson Richardson at 512.392.6401, or visit the firm’s website at www.second-round.com.

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