New York, NY — Alignment Credit partners with Prudential Impact Investments provide a senior secured term loan to Qumpus, Inc. (d/b/a Better World Books). Alignment Credit acted as lead arranger and administrative agent.
Better World Books (https://www.BetterWorldBooks.com) is a for-profit socially conscious business and a global online bookseller that collects and sells new and used books online matching each purchase with a book donation, Book-for-Book™. Each sale generates funds for literacy and education initiatives in the UK, US, and around the world. Since its launch in 2003, Better World Books has raised more than $27 million for libraries and literacy, donated over 26 million books and reused or recycled over 313 million books.