Matrix Warranty Solutions Arranged a $20 Million Senior Credit Facility with CIBC USA

Matrix has raised capital from CIBC

December 30, 2021

Matrix Warranty Solutions arranged a $20 million senior credit facility with CIBC USA. Terms were not disclosed.

Colonnade Securities LLC acted as financial advisor to Matrix Warranty Solutions. 

About Matrix Warranty Solutions and Everything Breaks

Headquartered in Dallas, Texas, Matrix Warranty Solutions is the fastest growing direct-to-consumer service contract company. It began operations in 2016 by offering vehicle service contracts and has since expanded into providing extended warranties on a full suite of consumer products including electronics and household appliances.

Matrix is the founder of Everything Breaks ( Everything Breaks is a fast-growing innovative platform reimagining a legacy business for the current times, bringing warranties to the mobile-first, digitally-native world. It is the only digital platform to provide protection plans for all consumer assets: auto, electronics, home, and appliances. Not only can customers cover multiple possessions with a single protection plan, but they can bundle to cover any combination of assets that can be added and subtracted at any time. Customers buy warranties when they want them, not at the time of the sale. Additionally, Everything Breaks offers unique monthly subscription plans to cover multiple assets with a single payment.