Federated Closes Fingerhut Receivables Sale to CompuCredit

Share this article:
Federated Department Stores Inc., Cincinnati, on Friday announced the closing of the sale of about $1.2 billion of Fingerhut receivables to CompuCredit Corp., Atlanta.


The transaction also includes the assumption of $450 million in receivables-backed debt that has been issued by the Fingerhut Master Trust.


Additional terms were not disclosed.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.