MPOWER Financing, Public Benefit Corporation announced that it has received $152.5 million in funding from King Street Capital Management, L.P., JBF Capital, Inc., Tilden Park Capital Management LP, ETS Strategic Capital and another investor

On July 12, 2021, MPOWER Financing, Public Benefit Corporation closed the transaction. The company announced that it has received $152,500,000 in the transaction. The transaction included participation from new investors King Street Capital Management, L.P., Drakes Landing Associates, L.P. a fund managed by JBF Capital, Inc., private equity fund Pennington Alternative Income Management and returning investors Tilden Park Capital Management LP and ETS Strategic Capital. The transaction included $100,000,000 raised through equity and about $52,500,000 raised through debt.