Virgin Money USA Completes Series C
Preferred Stock Financing

WALTHAM, MA — Morse, Barnes-Brown & Pendleton is pleased to announce the closing of the Virgin Money USA (formerly CircleLending, Inc.) Series C Preferred Stock financing.

On May 15, 2007, CircleLending, Inc. completed this financing, pursuant to which Virgin USA, Sir Richard Branson's North American investment group, acquired a majority stake in CircleLending, and changed the name to Virgin Money USA. Certain existing investors in CircleLending also made further investment in this financing.

Serving as Virgin Money USA’s counsel in this financing were MBBP lawyers Jeff Steele and Joe Martinez.

Launched in 2001, CircleLending is widely regarded as a trailblazer in the financial services industry for designing unique products that allow individuals to save money and keep wealth in the family by securing affordable loans from relatives and friends. CircleLending has helped first-time homebuyers, entrepreneurs, students and other individuals access credit at favorable terms.

Morse, Barnes-Brown Pendleton, PC, focuses exclusively on the core legal services that businesses need to succeed. The law firm assists businesses of all sizes — from start-ups to Fortune 1000 companies — in the areas of business law, technology and intellectual property, employment and immigration and taxation.

Morse, Barnes-Brown Pendleton, PC
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1601 Trapelo Road, Suite 205
Waltham, MA 02451
781-622-5930
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