The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Swisher Closes $20MM Revolving Credit Facility With Siena Lending, North Mill
Wednesday, September 3, 2014
Lenders/Participants
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Siena Lending Group LLC [Lender] North Mill Capital [Lender]
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Structure
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Revolver
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Amount
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$20.000
Million
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Borrower(s)
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Swisher Hygiene Inc.
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Description
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Interest on borrowings under the credit facility will accrue at the Base Rate plus 2.00%. Base Rate is defined as the greater of (1) the Prime Rate, (2) the Federal Funds Rate plus 0.50%, or (3) 3.25%. Interest will be payable monthly and the facility matures on August 29, 2017. Under the facility, borrowings and availability are subject to borrowing base calculations and limitations, and compliance with other terms specified in the agreement. Borrowings under the facility are secured by a first priority lien on certain of Swisher's and its subsidiaries' assets.
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Industry
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Specialty Industries
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Related Tags |
North Mill Capital, Siena Lending Group LLC
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ABL Advisor
Deal Tables
2024
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