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BP completed a $281m investment in NextPoint Financial.

Synopsis

BP, an oil and petrochemicals company, completed a $281m restructuring investment in NextPoint Financial, a marketplace for financial services. "We are pleased to have achieved a comprehensive solution that will reduce our debt burden and put our enterprise on stronger financial footing for the future. With an improved capital structure, we will be better positioned to build on the proud legacies of our Liberty Tax and Community Tax brands. I am grateful to our teams who have remained focused on growing our businesses by doubling down on our core strengths in tax preparation and resolution services, and we are making good progress. Today's action will further accelerate these efforts and enhance our ability to empower underserved consumers and small businesses who rely on our tax tools and guidance." Scott Terrell, NextPoint CEO.

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