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Littrell Joins MB Business Capital as SVP
MB Business Capital announced that John Littrell has joined its middle-market asset-based lending team as senior vice president, account executive in MB’s Rosemont, ILoffice. In this role, he will be managing a portfolio of relationships and working on special projects. Littrell’s hiring is one of...
Garlick Joins MidCap Financial’s ABL Originations Team
MidCap Financial, a leading specialty finance firm focused on the middle market, announced the hiring of James Garlick as Director - Originations for the Asset Based Lending Group of MidCap Financial Services LLC. Garlick, who will be based in Chicago, will assist in expanding MidCap Financial's...
PNC Bank, TCW Direct Lending Provide $170MM Credit Facility to Quantum
Quantum Corp. announced definitive agreements with PNC Bank and TCW Direct Lending on a $170 million financing package consisting of: An $80 million revolving credit facility and an additional $20 million credit line available under an accordion feature, both with PNC. A $50 million term loan...
City National Leads Lenders in $97MM Credit Facility for Meritage
Meritage Hospitality Group, Inc. closed on a new $97.0 million credit facility in a syndication led by City National Bank.“This new credit facility will save the company approximately $1.0 million annually in interest expense and significantly increase our renovation and new build restaurant...
"Pop-Up" Liquidations: An Evolution in Effective Inventory Monetization
Ben T. Nicholson
Retail businesses that are set-up as temporary, but highly cost-effective operations -- “Pop-Up” Retail stores-- create...
10/4/2016 Topic: Auctions / Liquidations
Attorney Robert Flanders discusses actions asset-based lenders can take to...
Topic: Bankruptcy
Sallyport Commercial Finance has thrived as an energy lender despite volatility...
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