Atome secures $345 million debt facility for Southeast Asia expansion

SINGAPORE, Jan 13 (Reuters) - Atome, a Singapore-based digital finance firm, has finalised the renewal of a syndicated debt facility, enlarged to $345 million, to support its expansion in Southeast Asia, it said in a statement on Tuesday.

The facility was up from the $200 million syndicated debt facility Atome secured in 2024, it said.

Atome, part of Singapore's Advance Intelligence Group backed by investors, including SoftBank Vision Fund 2 and Warburg Pincus, said the facility would support the expansion of its buy-now-pay-later services, lending products and its Pay Later Anywhere card in Singapore, Malaysia and the Philippines.

"We're now even better positioned to support a rapidly growing, healthy and profitable loan book," Andy Tan, Atome's Chief Commercial Officer, said in the statement.

HSBC HSBA.L reprised its roles as structuring bank and was mandated lead arranger and bookrunner, while DBS DBSM.SI joined as a mandated lead arranger and bookrunner, Atome said.

Returning lenders include Sumitomo Mitsui Banking Corporation's Singapore branch, Baiduri Bank and Cathay United Bank, while Fubon Bank and Shanghai Pudong Development Bank joined as new participating banks, it added.