Edge Capital Lending ("Edge"), a family-office backed national asset-based lending company closed out 2023 with remarkable strength and kicked off 2024 on an impressive note. The company's legacy of rapid growth has continued, securing an impressive...
Read Story
|
Gateway Trade Funding, a PO and Stretch Financing company, announced the completion of the following stretch finance transactions:
A $130,000 facility for a Canadian commercial shelving displays, furnishings and equipment company.
A $65,000...
Read Story
|
Rosenthal & Rosenthal completed three asset-based lending transactions totaling $7.5 million. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions. A popular CPG brand in the...
Read Story
|
Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - announced a series of successful participations. These...
Read Story
February 27, 2024, 07:52 AM
|
Lafayette Square, a national investment platform, provided financing to support the growth of Marshall & Stevens. Marshall & Stevens is a leading provider of independent valuation and advisory services, providing multi-disciplinary solutions for...
Read Story
February 23, 2024, 07:45 AM
|
Gordon Brothers committed new capital to support KidKraft Inc.’s liquidity and continued exploration of strategic alternatives. The U.S. wholesaler of outdoor and indoor children’s playsets will continue to service its supply chain partners as it...
Read Story
February 22, 2024, 07:55 AM
|
Lafayette Square provided financing to support the growth of Marshall & Stevens. Marshall & Stevens is a leading provider of independent valuation and advisory services, providing multi-disciplinary solutions for independent assessments of...
Read Story
February 08, 2024, 07:30 AM
|
White Oak Global Advisors announced that, along with its Financing Affiliates (collectively “White Oak”), it deployed $1.1 billion in capital in 2023. "Last year marked a significant increase in the demand for our flexible financing solutions...
Read Story
February 05, 2024, 08:05 AM
|
Mirate Equity announced the continuation of its successful partnership with Stellar Dynamics Co., a well-known company in Chicago Illinois that specializes in making parts for factories and specialized machinery. This collaboration, which started in...
Read Story
February 01, 2024, 06:00 AM
|
Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, marked its first year with $64 million in funding for small and mid-sized businesses across numerous industries and states. Collaborating with its partners, OCF completed 60 transactions...
Read Story
January 31, 2024, 08:00 AM
|
Oxford Finance's Healthcare Real Estate and ABL Group continued its stable growth in 2023, with Oxford providing over $430 million of capital commitments. The group closed a total of 11 transactions ranging in size from $2.0 million to $89.0...
Read Story
January 17, 2024, 07:58 AM
|
Legacy Corporate Lending announced the closing of a robust slate of asset-based lending transactions during the second half of 2023. The recent financings were provided to a variety of independent and sponsor-backed borrowers in the middle market...
Read Story
January 16, 2024, 08:00 AM
|
Rosenthal & Rosenthal completed two recent asset-based lending transactions totaling $8 million. A New York-based corporate uniform manufacturer for fast casual restaurants, grocers and convenience stores was in need of additional working capital to...
Read Story
January 11, 2024, 07:40 AM
|
Rosenthal & Rosenthal completed four factoring and asset based lending transactions totaling nearly $30 million. A California-based apparel company well established in the industry was unable to secure credit protection on one of their key customers...
Read Story
January 09, 2024, 07:50 AM
|
Rosenthal & Rosenthal completed two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility. An Ohio-based manufacturer and distributor of organic breakfast bars, previously...
Read Story
December 20, 2023, 08:00 AM
|
Rosenthal & Rosenthal announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans. The various financing facilities will help clients across a multitude of...
Read Story
December 19, 2023, 08:00 AM
|
Iron Horse Credit announced $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.$2,000,000 – Line increase for a manufacturer of agricultural machines and...
Read Story
December 19, 2023, 07:48 AM
|
Rosenthal & Rosenthal announced the completion of two purchase order financing transactions totaling $3.75 million. A growing Boston-based ready-to-drink beverage company received a sizable purchase order from a large big box retailer. Rather than...
Read Story
December 14, 2023, 07:45 AM
|
Twin Brook served as administrative agent on debt financing to support Bregal Partners-backed Juniper Landscaping’s add-on acquisition of Shooter & Lindsey. Juniper Landscaping is a growing commercial landscaping platform providing a full suite of...
Read Story
December 08, 2023, 07:10 AM
|
Mirate Equity, LLC announced the successful completion of several noteworthy transactions, highlighting the company's unwavering dedication to providing tailored financial solutions. These achievements underscore Mirate Equity's expertise in...
Read Story
December 08, 2023, 05:00 AM
|
Twin Brook announced several transactions:
Twin Brook served as administrative agent on debt financing to support NexPhase Capital-backed DealerOn, Inc.’s recapitalization and add-on acquisition of fusionZONE.
DealerOn, Inc. is a provider of...
Read Story
November 22, 2023, 07:47 AM
|
Dwight Funding announced three new asset-based loans in its Consumer Products portfolio. These transactions showcase Dwight's ability to provide robust support for private equity backed brands of various sizes amid changing market and liquidity...
Read Story
November 15, 2023, 07:05 AM
|
Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $6.1 billion in U.S. direct lending commitments across 53 transactions during the third quarter of 2023 and approximately $20.6...
Read Story
October 31, 2023, 08:00 AM
|
First Citizens Bank announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions. CIT Commercial...
Read Story
October 19, 2023, 07:12 AM
|
Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
A $750,000 facility to a US promotional company to...
Read Story
October 17, 2023, 07:43 AM
|
Rosenthal & Rosenthal completed two purchase order financing transactions totaling $3.5 million. A women’s accessories and textiles company based in New York was seeking a new financing arrangement to support the purchase of pre-sold inventory...
Read Story
October 05, 2023, 08:00 AM
|
Rosenthal & Rosenthal completed three asset based lending transactions across multiple industries. A well-known national sleepwear and novelty giftware manufacturer and distributor of branded, proprietary specialty gifts based in the Northeast was...
Read Story
October 03, 2023, 08:00 AM
|
eCapital announced a successful summer surge in deals within its Asset-based Lending (ABL) Group. With a combined aggregate value exceeding $160MM in new facility commitments, these recent transactions underscore eCapital's commitment to fostering...
Read Story
September 13, 2023, 07:30 AM
|
Rosenthal & Rosenthal announced the completion of several factoring and asset-based lending deals through its Southeast office. After experiencing COVID-related supply chain and operational challenges, a Georgia-based manufacturer and distributor of...
Read Story
September 12, 2023, 08:00 AM
|
Culain Capital Funding completed two separate $1,500,000 million accounts receivable Factoring and purchase order facilities.The first $1.5MM facility is with a Connecticut-based global distributor of medical supplies and the second facility of...
Read Story
August 30, 2023, 07:00 AM
|
Gateway Trade Funding, a PO and Stretch Financing company, recently completed the following stretch finance transactions:
$350,000 loan for a US packaging company – funds for working capital.
$100,000 loan for a US Gaming related company – funds...
Read Story
August 29, 2023, 07:25 AM
|
The F-Tranzacts Group founded in 2015 offers a private lending facility for a range of business and investment purposes. Their objective is to build long-term, mutually rewarding relationships with their borrowers. They have a long list of loan...
Read Story
August 08, 2023, 05:00 AM
|
After surviving a pandemic, small businesses now face more uncertainty with high inflation, talks of a recession and rising interest rates. Yet amidst the roller coaster ride, Breakout Capital has stepped up to provide businesses with more than $100...
Read Story
August 07, 2023, 07:00 AM
|
Ares Management Corporation announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $4.1 billion in U.S. direct lending commitments across 51 transactions during the second quarter of 2023 and approximately $20.2...
Read Story
August 01, 2023, 08:00 AM
|
Haversine Funding announced the following recently closed transactions:
$1,750,000 junior secured, lender finance line of credit to support expected growth of a transportation factor in the Midwest. The factor, which has been a Haversine partner...
Read Story
|
Rosenthal & Rosenthal completed two recent asset based lending facilities totaling $15 million.
A North Carolina-based nationwide distributor of health and nutritional products was seeking an alternative financing solution after the company’s...
Read Story
|
CEO Robert Marshall, Jr. was excited to share some news regarding The F-Tranzacts Group. "We are thrilled to announce that we have further expanded our funding space in California's pharmaceutical sector. Recently, a pharmaceutical company in...
Read Story
|
Dwight Funding continued the expansion of its client roster, including the addition of three high-profile, private-equity backed consumer brands. The recent transactions represent the varying product categories, company sizes, and capital needs...
Read Story
|
Gateway Trade Funding recently completed the following stretch finance transactions:
A $600,000 facility to a manufacturing and source packaging company.
A $1,500,000 facility to a maintenance, fabrication, engineering and construction...
Read Story
|
Assembled Brands announced the closing of $12 million in new facilities during the month of April. The new facilities are just one of the many ways Assembled Brands is committed to meeting the evolving needs of borrowers in the CPG industry. By...
Read Story
|
Rosenthal & Rosenthal completed two recent transactions in the beauty and apparel sectors, totaling $5.5 million. A fast-growing direct-to-consumer beauty and hair care brand based in Ohio was experiencing rising seasonal and holiday demand. To...
Read Story
|
Second Avenue Capital Partners (SACP), a best-in-class alternative to traditional sources of capital, announced the completion of three recent transactions in the furniture, home furnishings, and beauty sectors. The new financing arrangements include...
Read Story
|
Rosenthal & Rosenthal completed seven recent ABL transactions totaling roughly $70 million. The various asset based lending facilities will help to address the working capital needs and support growth and expansion opportunities for a number of...
Read Story
|
Assembled Brands closed $18 million in new facilities during the first three months of 2023. Through rapid financing, the lender is supporting emerging brands from various consumer goods industries by addressing working capital needs. The lines of...
Read Story
|
O2 Sponsor Finance, a division of Old Second National Bank, served as senior secured credit facilities administrative agent and lead arranger for over $44 million in senior secured credit facilities to support Soundcore Capital Partners' acquisitions...
Read Story
|
Rosenthal & Rosenthal announced the completion of three recent transactions in the apparel and outdoor sectors, including a $1 million factoring deal for an outdoor apparel company, a $5 million asset-based loan for a growing apparel brand and a $1.5...
Read Story
|
Rosenthal & Rosenthal announced the completion of two recent transactions, including a $35 million acquisition deal for a large consumer products importer and a combined $3 million purchase order financing and factoring deal to support an established...
Read Story
February 21, 2023, 07:54 AM
|
eCapital Corp. announced that eCapital Healthcare delivered $172.6 million in newly originated credit facilities for businesses in the healthcare industry in 2022. The division delivered financial solutions to healthcare providers in skilled nursing...
Read Story
February 01, 2023, 07:38 AM
|
Haversine Funding announced the following recently closed transactions:
$6,000,000 real estate loan participation to refinance the acquisition of an assisted living facility in the Northeast.
$20,000,000 senior, lender finance line of credit...
Read Story
January 25, 2023, 07:51 AM
|
Utica Equipment Finance announce the completion of a transaction totaling $10 million in the month of December. The $10 million capital lease secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in...
Read Story
January 06, 2023, 07:49 AM
|
Accord Financial closed a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts...
Read Story
December 21, 2022, 07:00 AM
|
Viva Capital Funding announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated...
Read Story
December 01, 2022, 06:00 AM
|
Twin Brook announced the following transactions:
Twin Brook served as administrative agent on debt financing to support RC Capital’s refinancing of Endodontic Practice Partners, a network of private endodontic practices that strive to deliver best...
Read Story
November 11, 2022, 07:08 AM
|
Rosenthal & Rosenthal announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors. The factoring transactions...
Read Story
November 09, 2022, 07:44 AM
|
Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of $60 million in debt financings to several companies including:
$15 million asset-based line of credit for a...
Read Story
November 08, 2022, 07:40 AM
|
Shorehill Capital, a Chicago-based private equity firm, has formed Ascent Lifting, Inc., which simultaneously completed the acquisitions of a majority interest in Advantage Sales & Supply Co., LLC and Susquehanna Wire Rope & Rigging, LLC. Advantage...
Read Story
October 07, 2022, 07:00 AM
|
Pitney Bowes reaffirmed its commitment to small business lending with the announcement of up to $10 million worth of financing to two small business clients. New York City-based Ash NYC and Farmington, Michigan-located Digital Terrain selected Pitney...
Read Story
September 07, 2022, 07:00 AM
|
Rosenthal & Rosenthal announced the completion of nearly a dozen transactions totaling roughly $35 million during the summer months of 2022. The various financing facilities will help to address working capital needs, mitigate risk and support growth...
Read Story
August 22, 2022, 07:31 AM
|
SMBC, a member of SMBC Group, recently closed on $6.63 billion in credit facilities for the New Terminal One (NTO) Development Project at John F. Kennedy International Airport (JFK) in Queens, New York.SMBC acted as Coordinating Lead Arranger (CLA)...
Read Story
August 02, 2022, 07:45 AM
|
Crestmark, the Commercial Finance Division of Pathward, N.A., announced it provided more than $75.5 million in commercial financing to 112 Businesses in June. Crestmark secured a total of $33,772,677 in ABL/factoring financial solutions for 23 new...
Read Story
August 01, 2022, 07:41 AM
|
Main Street Capital announced the following recent activity in its private loan portfolio. During the second quarter of 2022, Main Street originated approximately $187.3 million in new commitments in its private loan portfolio across six new and...
Read Story
|
Main Street Capital invested a total of $19.5 million in three existing lower middle market portfolio companies, PPL RVs, Inc. ("PPL"), Centre Technologies Holdings, LLC ("Centre") and Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, P.C....
Read Story
|
Haversine Funding announced the following recently closed transactions:
$3,000,000 of a $6,000,000 participation in an asset based line to a technology-enabled healthcare management company. The company was transitioning into a new value based...
Read Story
|
Alcoa Corporation has amended and restated its existing revolving credit facility into a $1.25 billion revolving credit facility with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative...
Read Story
|
Crestmark, the Commercial Finance Division of MetaBank, N.A., secured a total of $25,950,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $16,094,651 in 20 new large ticket transactions and $6,435,042...
Read Story
|
Haversine Funding announced the following recently closed transactions:$3,000,000 of a $6,500,000 participation in an asset based line, secured primarily by inventory, to an iron foundry and manufacturer. The company was seeking acquisition financing...
Read Story
|
CNH Finance announced over $40,000,000 in new commitments throughout Q1 2022, continuing the company's trend of solid portfolio growth. Recent financings include revolving line of credit facilities secured by AR and a term loan. Recent transactions...
Read Story
|
Lawrence Financial announced $30 million funded in the first quarter of 2022. Highlights of the first quarter included:$10 million purchase order financing provided to distributer of Covid home test kits.The client had received large orders from...
Read Story
|
Crestmark, the Commercial Finance Division of MetaBank, N.A., secured a total of $56,450,000 in ABL/factoring financial solutions for 26 new clients; Crestmark Equipment Finance provided $25,043,991 in 21 new large ticket transactions and $11,837,288...
Read Story
|
Bausch Health Companies announced that, in connection with its previously announced intention to separate its eye health business, its wholly owned subsidiary, Bausch + Lomb Corporation, is seeking to enter into a new credit agreement, which is...
Read Story
|
Crestmark, the Commercial Finance Division of MetaBank, N.A., announced it provided more than $34.1 million in commercial financing to 72 businesses in the first half of March. It secured a total of $12,363,696 in ABL/factoring financial solutions...
Read Story
|
CIT, a division of First Citizens Bank, announced its Middle Market Banking business provided $30 million toward construction and enhancement of school facilities in Wahoo, Nebraska.The borrower, Saunders County Education Agency, will use the loan to...
Read Story
|
AFC Gamma expanded its senior credit facilities with three different borrowers: Verano Holdings Corp., a leading multi-state operator with active operations in 12 states, including 12 production facilities; Devi Holdings Inc., doing business as...
Read Story
|
Crestmark, the Commercial Finance Division of MetaBank, N.A., secured a total of $3,291,085 in ABL/factoring financial solutions for 14 new clients; Crestmark Equipment Finance provided $24,477,897 in seven new transactions; and Crestmark Vendor...
Read Story
February 28, 2022, 07:32 AM
|
Crestmark, the Commercial Finance Division of MetaBank, N.A., announced it secured a total of $23,050,000 in ABL/factoring financial solutions for 19 new clients; Crestmark Equipment Finance provided $21,489,603 in 17 new large ticket transactions...
Read Story
February 16, 2022, 07:05 AM
|
King Trade Capital (“KTC”) announced the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company.The company contacted King Trade Capital after being introduced to them by their bank a...
Read Story
February 08, 2022, 07:47 AM
|
BHI's Commercial and Industrial Group closed $45 million in new financing transactions for two New York companies. BHI has provided a $40 million revolving line of credit for Veja Electronics, Inc., an electronics distributor specializing in...
Read Story
January 20, 2022, 08:00 AM
|
Rosenthal & Rosenthal competed two recent financing commitments, a $3.5 million purchase order finance commitment to support the production financing requirements of a New York-based home furnishings importer and distributor as well as a separate...
Read Story
January 12, 2022, 07:38 AM
|
Yieldstreet Private Business Credit finished its first full year in tremendous fashion. In 2021, YS PBC closed a total of $335,000,000 in new deals across both consumer and commercial asset classes within various positions of the capital structure....
Read Story
January 05, 2022, 07:34 AM
|
Steel Partners Holdings, a diversified global holding company, amended and extended its credit agreement with a syndicate of banks led by PNC Bank. The new five-year, $600 million, revolving credit facility covers substantially all SPLP entities...
Read Story
January 03, 2022, 07:33 AM
|
Crestmark, the Commercial Finance Division of MetaBank, announced it provided more than $57.5 million in commercial financing to 132 businesses in November. Crestmark secured a total of $13,600,000 in ABL/factoring financial solutions for 23 new...
Read Story
December 13, 2021, 07:00 AM
|
Utica Leaseco, LLC and Utica Equipment Finance announced the completion of three transactions totaling $2,740,000 during the week of Nov. 15-19.
$1,300,000 Capital Lease secured by machinery and equipment to a multi-location coal mining company....
Read Story
November 22, 2021, 07:00 AM
|
Crestmark, the Commercial Finance Division of MetaBank, provided more than $41.4 million in commercial financing to 51 businesses in the second of October. Crestmark secured a total of $18,247,152 in ABL/factoring financial solutions for 16 new...
Read Story
November 15, 2021, 06:00 AM
|
CNH Finance closed more than $40 million in new committed facilities in the third quarter 2021. These results continue a trend of strong portfolio performance during 2021, having achieved growth in net funds employed to beyond pre-pandemic levels....
Read Story
November 11, 2021, 07:57 AM
|
After the pandemic left a $40 Million Service Company with a cash flow issue due to later paying customers, New York-based investment banker, Attract Capital, LLC was engaged to find a solution.With a conventional loan facility not in the cards for...
Read Story
October 28, 2021, 07:27 AM
|
Haversine Funding announced the following recently closed transactions:
$13,000,000 senior secured, lender finance facility to an equipment lender specializing in truck and trailer loans across the U.S. This asset based lender has continued to...
Read Story
October 20, 2021, 07:54 AM
|
LBC Small Cap, an affiliate of LBC Credit Partners, provided senior secured credit facilities to Premium Service Brands (“PSB” or the “Company”), a Charlottesville, VA based multi-brand franchisor and portfolio company of Susquehanna Private Capital...
Read Story
September 29, 2021, 07:38 AM
|
Flowserve Corporation amended and restated its $800 million Revolving Credit Facility and added a new $300 million Term Loan Facility (together the “Senior Credit Facility”) with Bank of America and certain other lenders. The Senior Credit Facility...
Read Story
September 14, 2021, 07:00 AM
|
BHI announced that its Food & Beverage Group closed a total of $100 million in new financing transactions. The robust volume of transactions reflects the continued expansion of BHI’s Food & Beverage Group.For Citromax Group and Citromax International...
Read Story
September 10, 2021, 07:55 AM
|
Another month, another 5 new deals for the Yieldstreet Private Business Credit team. In August 2021, Yieldstreet Private Business Credit closed a total of $45 million in new deals across both consumer and commercial asset classes, various positions...
Read Story
September 08, 2021, 07:40 AM
|
Crestmark, the Commercial Finance Division of MetaBank, announced it provided more than $102.5 Million in commercial financing to 55 businesses in the first half of August. Crestmark secured a total of $46,900,000 in ABL/factoring financial solutions...
Read Story
August 30, 2021, 08:00 AM
|
Utica Leaseco completed two transactions totaling $1,000,000 during the August 16-20, 2021 week.
$500,000 secured by Vehicles for a Ride Sharing company purchasing new electric vehicles. Utica was able to provide working capital to expand and help...
Read Story
August 19, 2021, 07:06 AM
|
Chicago-based lender, Loeb, financed $9,000,000 worth of industrial machinery and equipment helping 6 additional companies. The financing is helping companies in the Recycling, Woodworking, Special Assets, Metalworking, and Transportation industries...
Read Story
August 09, 2021, 07:00 AM
|
Golub Capital acted as Left Lead Arranger, Administrative Agent and Joint Bookrunner on an $810 million broadly syndicated loan facility to support the acquisition of Rough Country, LLC by TSG Consumer Partners, and on a $425 million broadly...
Read Story
August 06, 2021, 07:52 AM
|
Amerisource, one of the largest independent finance companies in the nation, has provided over $8 billion in capital to over 1,600 companies across the U.S. Bill Herrington, EVP for Amerisource, stated: “We closed six transactions in Q2 including a...
Read Story
August 05, 2021, 08:00 AM
|
After a record second quarter, the Yieldstreet Private Business Credit team continued to build on its momentum through July 2021 closing 5 new deals for a total of $49 million. These deals are across both consumer and commercial asset classes...
Read Story
August 05, 2021, 07:45 AM
|
Liquidity Capital, a global fintech and fund manager, announced the closing of a $7 million credit facility for deep-learning software company, Avaamo; a deal that took 24 hours to complete thanks to Liquidity Capital’s disruptive DYNAMiCs...
Read Story
August 03, 2021, 06:40 AM
|
Cantor Fitzgerald Income Trust, Inc. (CFIT), an institutionally managed NAV REIT, announced that its wholly owned operating partnership secured a new $100 million revolving credit facility with an accordion feature up to $200 million. The credit line...
Read Story
August 02, 2021, 07:50 AM
|
Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer clients maximum flexibility and liquidity. To follow is an overview of the financing solutions that Siena and Siena...
Read Story
|
Western Forest Products announced the transition of its current Credit Facility into a $250 million Sustainability-Linked Credit Facility (the "Amended Credit Facility"), further demonstrating Western's leadership in sustainability.As part of the...
Read Story
|
Crestmark, the Commercial Finance Division of MetaBank, announced it provided more than $81.5 million in Commercial Financing to 82 businesses in the second half of June. Crestmark secured a total of $18,746,500 in ABL/factoring financial solutions...
Read Story
|
Utica Leaseco announced the completion of two transactions totaling $2.2 million during the week of July 12-16.Utica Leaseco and its cannabis industry partner completed a financing of $1,500,000 secured by real estate and equipment to a cannabis...
Read Story
|
McGinty Road Partners, a multi strategy investment firm, announced it has closed a new senior lending facility with Texas Capital Bank to further expand its equipment leasing capabilities. The size of the facility was not disclosed.Steven Katz...
Read Story
|
Commercial Finance Partners closed over $15,000,000 in new SBA 7a Loans for Q2 of 2021. As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts...
Read Story
|
Gordon Brothers provided Malouf Companies™ with financing to fund its continued extraordinary progress.Malouf Companies™ experienced extreme growth based on their abilities to capitalize on consumer demand during the pandemic. The multi-industry...
Read Story
|
LSQ originated a $1 million facility for a high-growth startup in South Florida. The healthcare business was referred to LSQ and required a sustainable solution to improve cash flow related to net 60 billing terms. Southeast Regional Vice President...
Read Story
|
Crestmark provided more than $66.5 MM in commercial financing to 67 businesses in the second half of May. Crestmark Equipment Finance provided $11,977,955 in 13 new transactions; Crestmark Vendor Finance provided $3,492,993 in 37 new transactions;...
Read Story
|
Crestmark provided more than $34.1 million in commercial financing to 47 businesses in the first half of May. Crestmark secured a total of $15,790,000 in ABL/factoring financial solutions for 12 new clients; Crestmark Equipment Finance provided...
Read Story
|
Fifth Third Business Capital provided a $40 million revolving credit facilit and term loan for Diversis Capital’s acquisition of Performance Designed Products. Performance Designed Products (“PDP”) is an industry leader providing high-quality...
Read Story
|
The Yieldstreet Private Business Credit team rocketed through the first month of 2Q21 closing 6 new deals for a total of $31,200,000. These deals are across both consumer and commercial asset classes, various positions within the capital stack, and...
Read Story
|
Crestmark, the Commercial Finance Division of MetaBank, announced it provided more than $16.9 million in commercial financing to 78 businesses in the second half of April. Crestmark Equipment Finance provided $5,707,263 in 22 new transactions;...
Read Story
|
Independent Growth Finance (IGF) closed funding on a $6,250,000 facility to a leading global producer of toys and gifts which will support their plans for expansion in the coming years. The facility consists of a $5,500,000 Accounts Receivable...
Read Story
|
Independent Growth Finance (IGF) provided OTC Europe LLC with the working capital required to support their growth aspirations through an Accounts Receivable facility. Jon Hughes, Director at IFG, has said, ”We are excited to be working with OTC...
Read Story
|
SLR Business Credit completed e a $500,000 accounts receivable credit facility to East Coast Components in South Carolina.When current ownership acquired East Coast Components this past fall, the purpose was to have a truss supplier for their own...
Read Story
|
Ares Management Corporation provided details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group closed approximately $3.6 billion in commitments across 45...
Read Story
|
UMB Bank, through its UMB Capital Finance Accounts Receivable Finance business channel, provided the following financing:
A $2,000,000 credit facility to a Rocky Mountain region based luxury brand mattress contract manufacturer. Working through a...
Read Story
|
Brightwood Capital Advisors experienced one of its most active investment periods in the firm's 11-year history. Between the fourth quarter of 2020 and the first quarter of 2021, Brightwood deployed capital to 25 new or existing borrowers across five...
Read Story
|
Main Street Capital Corporation announced the following recent activity in its private loan portfolio. During the first quarter of 2021, Main Street originated approximately $25.4 million in new private loan commitments across two (2) new borrowers...
Read Story
|
Crestmark announced it provided more than $70.5 million in commercial financing to 83 businesses in the second half of March. Crestmark Equipment Finance provided $30,768,825 in 15 new transactions; Crestmark Vendor Finance provided $6,544,102 in 57...
Read Story
|
Rosenthal & Rosenthal completed five transactions in March that will help address working capital needs, mitigate risk and support growth opportunities for several of the firm’s clients across the Southeast. The transactions – three factoring deals...
Read Story
|
LPL Financial Holdings announced that its wholly owned subsidiary, LPL Holdings, Inc. has completed its previously announced amendment of its revolving credit facility and offering of senior unsecured notes. The credit agreement amendment was managed...
Read Story
|
Crestmark announced it provided more than $46 million in commercial financing to 46 businesses in the second half of February. Crestmark Equipment Finance provided $18,987,216 in six new lease transactions; Crestmark Vendor Finance provided...
Read Story
|
CIBC Innovation Banking co-led a capital call facility to JMI Equity’s latest fund, JMI Equity Fund X. The capital call facility provides JMI Equity (“JMI”) with the flexibility to make investments in portfolio companies and call capital less...
Read Story
|
Gerber Finance announced the closing of lines of credit to three natural products companies: Spiceology, Pacha Soap Company, and 4th and Heart. The deals were completed under the Naturally Gerber Division, which was launched in September 2020 to...
Read Story
February 24, 2021, 08:00 AM
|
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of The Equine Network by private equity sponsor Growth Catalyst Partners. Based in Albuquerque, NM, The Equine...
Read Story
January 22, 2021, 08:00 AM
|
In the first in transaction of its ten-year anniversary, Abacus Finance Group announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $26.3 million in senior secured credit facilities to support the...
Read Story
January 19, 2021, 08:00 AM
|
Great Rock Capital closed a $15 million senior secured credit facility with Coast to Coast Equipment, which specializes in buying, selling, and renting new and used aerial-lift equipment.The new facility refinanced the existing lender and provides...
Read Story
January 15, 2021, 08:11 AM
|
On December 31, 2020, SunOpta Inc. entered into a five-year credit agreement for a senior secured asset-based revolving credit facility in the maximum aggregate principal amount of $250 million, subject to borrowing base capacity. In addition, as...
Read Story
January 11, 2021, 06:00 AM
|
First Business Capital Corp. recently closed and funded asset-based lending deal.Mike Colloton, Vice President – Business Development Officer, announced a closed and funded turnaround financing deal involving a $4,990,000 revolving line of credit...
Read Story
December 17, 2020, 07:50 AM
|
Crestmark announced it provided more than $44.8 million in commercial financing to 60 businesses in the second half of November. Crestmark secured a total of $1,800,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance...
Read Story
December 08, 2020, 08:00 AM
|
Pathlight Capital LP and HBC have completed a $150,000,000 Senior Secured Term Loan Facility for the company, of which Pathlight serves as the administrative agent. HBC is a holding company of portfolio businesses operating at the intersection of...
Read Story
December 03, 2020, 07:30 AM
|
Crestmark announced it provided more than $109 million in commercial financing to 109 businesses in the second half of September. Crestmark secured a total of $15,847,400 in ABL financial solutions for 10 new clients; Crestmark Equipment Finance...
Read Story
October 08, 2020, 09:05 AM
|
CIT Group Inc. announced its Maritime Finance business, part of its Commercial Finance division, served as sole lead arranger on $28 million refinancing for Valloeby Shipping Ltd.
Valloeby, which is owned by a fund managed by a U.S. private equity...
Read Story
August 14, 2020, 08:40 AM
|
Crestmark announced it provided more than $86.3 million in commercial financing to 22 businesses in the second half of July. Crestmark secured a total of $29,152,900 in ABL financial solutions for seven new clients; Crestmark Equipment Finance...
Read Story
August 12, 2020, 08:50 AM
|
First Business Capital Corp., a leading provider of asset-based lending solutions, announced two recently closed and funded asset-based lending deals.Mike Colloton, Vice President – Business Development Officer, announced a closed and funded...
Read Story
|
North Mill Capital is pleased to announce the funding of the following transactions:
$500,000 accounts receivable credit facility to an Illinois manufacturer of springs and metal stamping for the automotive industry. The company was a previous...
Read Story
|
KeyBank Specialty Finance Lending announced it has closed a $50 million revolving credit facility for the Oxford Finance Credit Fund I LP, a private debt fund managed by Oxford Finance LLC. Oxford Finance is a specialty finance firm providing senior...
Read Story
|
Encina Business Credit, LLC (EBC) announced that it has provided a $15 million senior secured credit facility to a leading oilfield services pressure pumping company. The credit facility consists of a revolving line of credit based on accounts...
Read Story
|
Crestmark announced it provided more than $41.6 million in commercial financing to 77 businesses in the first half of February. Crestmark secured a total of $6,300,000 in ABL financial solutions for nine new clients; Crestmark Equipment Finance...
Read Story
February 25, 2020, 08:00 AM
|
Ares Management Corporation offered details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group closed approximately $3.3 billion in commitments across 54...
Read Story
February 14, 2020, 08:55 AM
|
Siena Lending Group LLC (“Siena”) announces the completion of seven new transactions exceeding $75 million in credit facilities during the fourth quarter of 2019. Siena’s new healthcare finance business closed two of those transactions. The...
Read Story
January 24, 2020, 08:00 AM
|
Amerisource Business Capital announced the closing and funding of a $1,000,000 revolving credit facility for a wind farm maintenance company based in Colorado. Proceeds of the facility are being used to support working capital.Nic Wagner, Regional...
Read Story
January 13, 2020, 08:00 AM
|
Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $4,100,000 revolving line of credit facility; equipment term loan; equipment CapX loan; and real estate term loan for a commercial door manufacturer in...
Read Story
January 06, 2020, 08:55 AM
|
Ares Capital Corporation and Ares Capital JB Funding LLC, a wholly owned subsidiary of the Registrant, entered into an amendment to the documents governing ACJB LLC’s revolving funding facility with Sumitomo Mitsui Banking Corporation and each of the...
Read Story
January 03, 2020, 09:00 AM
|
Crestmark secured a total of $1,200,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $2,002,812 in one new lease transaction; Crestmark Vendor Finance provided $7,871,233 in 80 new lease transactions; and the...
Read Story
December 20, 2019, 08:45 AM
|
Crestmark announced it provided more than $40.1 million in commercial financing to 92 businesses in the first half of November. Crestmark secured a total of $13,100,000 in ABL financial solutions for seven new clients; Crestmark Equipment Finance...
Read Story
November 25, 2019, 08:40 AM
|
Crestmark secured a total of $5,100,000 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $4,048,244 in six new lease transactions; Crestmark Vendor Finance provided $8,025,138 in 81 new lease transactions; and the...
Read Story
October 22, 2019, 08:40 AM
|
Golden Star Resources Ltd. closed a $60 million senior secured credit facility with Macquarie Bank as announced in its July 31, 2019 news release.Golden Star has used the proceeds to refinance the Ecobank Loan III, Ecobank Loan IV, and the long-term...
Read Story
October 21, 2019, 08:00 AM
|
Crestmark announced it provided more than $45 million in commercial financing to 65 businesses in the second half of September.Crestmark secured a total of $5,916,667 in ABL financial solutions for five new clients; Crestmark Equipment Finance...
Read Story
October 04, 2019, 07:59 AM
|
Crestmark announced it provided $23 million in Commercial Financing to 88 businesses in the first half of August. Crestmark secured a total of $850,000 in ABL financial solutions for three new clients; Crestmark Equipment Finance provided $7,328,266...
Read Story
August 23, 2019, 08:35 AM
|
Crestmark secured a total of $13,300,000 in ABL financial solutions for nine new clients; Crestmark Equipment Finance provided $9,412,769 in six new lease transactions; Crestmark Vendor Finance provided $3,414,574 in 34 new lease transactions; the...
Read Story
|
Crestmark announced that it provided more than $51 million in commercial financing to 94 businesses in the second half of June. Crestmark secured a total of $4,360,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance...
Read Story
|
Crestmark provided more than $14.4 million in commercial financing to 62 businesses in the first half of June 2019.Those transactions included $5.55 million ABL facilities for six new clients; $4,088,323 in 53 new lease transactions from Crestmark...
Read Story
|
Arsenal Capital Partners, a specialized private equity firm focused on middle-market specialty industrials and healthcare companies, announced that it completed fundraising for Arsenal Capital Fund V LP (together with its parallel funds, "Fund V")...
Read Story
|
Primeritus Financial Services, Inc., a portfolio company of Kinderhook Industries, LLC (Kinderhook) and a leading service provider of recovery management, skip tracing, and remarketing services to the auto finance industry, announced the acquisition...
Read Story
|
Encina Business Credit, LLC (EBC) announced it has provided a $15 million senior secured revolving credit facility to a metal engineering and fabricating company. The credit facility consists of a revolving line of credit based on accounts receivable...
Read Story
|
Kadant Inc. announced that on December 14, 2018 it amended its existing credit agreement ("Credit Agreement") to increase its committed borrowing capacity under its revolving credit facility to $400 million, increase its uncommitted incremental...
Read Story
December 21, 2018, 07:10 AM
|
Monroe Capital LLC announced the closing of a $455.75 million term debt securitization known as Monroe Capital MML CLO VII, LTD. The term financing was Monroe’s third CLO completed in the last 13 months and is secured by a portfolio of middle market...
Read Story
November 20, 2018, 07:14 AM
|
AlixPartners, the global consulting firm, announced it has entered into an agreement to acquire independent financial advisory and interim management firm Zolfo Cooper. The proposed transaction follows AlixPartners’ successful acquisition of Zolfo...
Read Story
September 28, 2018, 08:00 AM
|
According to an SEC filing, on August 7, 2018, Twitter, Inc. entered into a Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent.The Credit Agreement provides for an unsecured revolving loan facility in the aggregate...
Read Story
August 13, 2018, 08:15 AM
|
As part of its ongoing plan and focus to significantly enhance its financial flexibility, TPC Group announced that it has successfully amended and extended its revolving asset-based (ABL) credit facility. Working closely with its lead banks, Bank of...
Read Story
January 31, 2017, 08:00 AM
|
CROSSMARK, a sales and marketing services company in the consumer industry that provides growth solutions to manufacturers and retailers, announced that it has entered into an agreement to amend and extend its revolving credit facility. Under the...
Read Story
January 09, 2017, 07:14 AM
|
Bibby Financial Services Canada (BFS) announced a combined $4.25 million line of financing to two Canadian manufacturing companies. The funds will allow the companies to generate more working capital for their day-to-day business needs and improve...
Read Story
January 05, 2017, 07:30 AM
|
Crestmark secured a total of $22.415 million in financial solutions for 12 new clients in the second half of October.
On Oct. 15, a $2.5 million new lease transaction was completed with a communications provider in the West.
A $400,000 ledgered...
Read Story
November 03, 2016, 07:21 AM
|
Citizens Bank announced that Citizens Commercial Banking’s Security Finance Group is providing a $25 million credit facility to Arlington-based American Alarm and Communications. Citizens is the sole lender.Founded in 1971, American Alarm is a...
Read Story
October 05, 2016, 07:23 AM
|
Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced that it has originated six asset-based lending commitments as of August 2016 for a total of $6.1 million. Tech Capital, LLC began providing...
Read Story
September 23, 2016, 07:40 AM
|
PNC Bank, N.A. announced the closing of two credit packages totally $79.5 million for Rental Equipment Investment Company LLC (REIC), an equipment rental company based in Miami, Florida; and Total Plastics, Inc. (TPI), a leading distributor and...
Read Story
August 24, 2016, 07:35 AM
|
FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed over $830 million to middle-market companies in the second quarter of 2016, bringing its year-to-date...
Read Story
August 24, 2016, 07:26 AM
|
PNC Bank, N.A. announced the closing of senior secured credit facilities totaling $48 million for two new clients: Wellnext, a Florida-based family of brands that delivers research-backed nutritional supplements, and Elite One Source Nutrisciences...
Read Story
August 04, 2016, 07:36 AM
|
White Oak Global Advisors has recently provided senior financing on nine transactions:
A $31.9 million senior secured term loan to a print management company. The proceeds were used to acquire a regional firm as part of the Company’s roll up...
Read Story
|
Chicago-based lender, Loeb Term Solutions, closed out June by financing over $8.5 million dollars worth of industrial machinery and equipment. The financing is helping a southwest precious metal mining operation, a southeast sod manufacturer, and a...
Read Story
|
Crestmark secured a total of $4.635 million in financial solutions for 11 new clients in the first half of June. They are:
A $350,000 accounts receivable purchase facility was provided on June 2 to a trucking company in Florida. The financing will...
Read Story
|
As 2016 is in full swing, Hitachi Business Finance announced that it provided two additional clients working capital assistance.“In the opening months of 2016, we have experienced an increase in the number of businesses looking for asset-based...
Read Story
|
Franklin Square Capital Partners announced that its business development company (BDC) direct lending platform committed over $370 million to private deals in the first quarter of 2016, marking the 14th consecutive quarter the platform has provided...
Read Story
|
Capstone Capital Group, LLC in Conjunction with Capstone Credit, LLC provided a $20 million purchase order financing and factoring and factoring facility for a multidivisional bakery group located in the Midwestern United States. The client acts as a...
Read Story
|
FirstMerit Bank Business Credit announced it has closed two recent transactions. They are:
Wisconsin Plastics, Inc.
FirstMerit Bank Business Credit closed a new $7.5 revolving loan facility and term loan facility to Wisconsin Plastics, Inc. on...
Read Story
|
Crestmark secured a total of $7.485 million in financial solutions for nine new clients in the second half of March. The transactions include:
A $2.425 million SBA 7(a) term loan facility was provided on March 16 to an independent insurance agency...
Read Story
|
Loeb Term Solutions provided financing of over $7.4 million worth of equipment to a Southeast metalworking facility which has experienced substantial growth over the past 8 years. The financing is helping the facility, which specializes in steel and...
Read Story
February 19, 2016, 07:39 AM
|
Crestmark secured a total of $20.125 million in financial solutions for 12 new clients in the second half of December. The transactions are:
A $200,000 accounts receivable purchase facility was provided on Dec. 18 to a startup refrigerated carrier...
Read Story
January 06, 2016, 06:57 AM
|
AloStar funded five loans totaling $53.8 million in five business days. AloStar Business Credit provided capital to a silicon wafer materials and services provider and ASC Leasing VIII, Inc. The RADCO Companies, Sunset & Woodland Properties, and...
Read Story
December 14, 2015, 08:09 AM
|
Hitachi Business Finance announced that five additional companies have received asset-based financing to assist with cash flow and working capital needs in the final quarter of 2015. Of the deals, Hitachi Business Finance assisted a Midwestern...
Read Story
November 11, 2015, 07:35 AM
|
Ares Capital Corporation is providing additional details on its financing commitments closed during the third quarter of 2015. Financing commitments made by Ares Capital in the third quarter totaled over $1.5 billion.“In the third quarter, we...
Read Story
November 09, 2015, 10:02 AM
|
FirstMerit Bank Business Credit Press announced it has closed two recent transactions. Details of these financings are as follows:Zhongli North AmericaFirstMerit Bank Business Credit closed a new $15 million revolving loan facility, term loan...
Read Story
November 09, 2015, 07:43 AM
|
FirstMerit Bank Business credit announced it recently closed two asset-based credit facilities totaling $35.2 million. The details are as follows:Millenia Products Group
FirstMerit Bank Business Credit announced it closed a new $18 million revolving...
Read Story
October 30, 2015, 07:52 AM
|
Gordon Brothers Finance Company (GBFC), a specialty-lending business that originates senior secured Tranche B loans to middle market companies, announced it has funded $115 million of deals, over 90 days between May and August. GBFC was launched in...
Read Story
October 19, 2015, 07:57 AM
|
AloStar delivered more than $200 million in capital to its 16 new clients during June, July and August. This diversified set of new clients was supported through AloStar Business Credit, AloStar Lender Finance and the recently launched platform...
Read Story
October 02, 2015, 07:56 AM
|
AloStar Business Credit provided more than $73 million in financing to seven companies in the first four months of 2015. The businesses were located across the country and represent a cross section of industries.“These credit lines will advance...
Read Story
September 15, 2015, 07:27 AM
|
Crestmark secured a total of $12.675MM in financial solutions for 13 new clients in the first half of August. They include:
On August 3rd, a traditional factoring facility was provided to a North Carolina furniture manufacturer. The financing will...
Read Story
August 19, 2015, 07:17 AM
|
Capital Business Credit LLC (CBC), a global commercial finance and factoring company, announced it has recently provided more than $50 million in trade financing lines of credit to retailers, manufacturers and importers in the fashion apparel...
Read Story
August 04, 2015, 07:26 AM
|
US Capital Partners Inc. has provided a bridge loan for the $40 million acquisition program of a leading waste management and hauling company in the Midwestern United States. US Capital Partners is a private investment bank that makes direct debt...
Read Story
|
King Trade Capital announced the continuing expansion of its cross-border purchase order and trade finance offering in Canada, with a $2 million purchase order finance facility for an importer of personal care accessories and a $3 million trade...
Read Story
|
The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced that during the fourth quarter of 2014 it closed 12 financing transactions, including refinancings of...
Read Story
|
ZRG Partners, a fast growing global leader in executive search and talent management, has announced completing a significant capital raise with Northcreek Mezzanine to fuel continued growth. The investment includes preferred stock, common stock and...
Read Story
February 10, 2015, 07:16 AM
|
Prudential Capital Group, a leading source of private capital for public and private companies, today announced it provided more than $11.3 billion to companies and projects worldwide, and increased its total assets under management to a record high...
Read Story
February 06, 2015, 07:18 AM
|
FirstMerit Bank Business Credit announced the closing of two recent asset-based loans. The transactions include:Cleaning Solutions, LLC (aka Paramount Building Solutions)FirstMerit Bank Business Credit announced it closed a new $7.5 million revolving...
Read Story
January 22, 2015, 08:02 AM
|
King Trade Capital announced a $500,000 production facility for a government contractor. A former client of King Trade Capital (KTC) recently completed a restructuring of its balance sheet by infusing equity into the company through a preferred...
Read Story
November 10, 2014, 07:21 AM
|
FirstMerit Bank Business Credit announced the closing of two recent asset-based loans. FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan and term loan facility to Motor Castings Company on August 1, 2014. ...
Read Story
October 01, 2014, 07:29 AM
|
Prospect Capital Corporation recently provided a $210 million first lien senior secured credit facility to support the recapitalization of a leading food services company in the H.I.G. Capital ("H.I.G.") portfolio."Prospect's one-stop financing...
Read Story
August 18, 2014, 07:14 AM
|
PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of $84.5 million in asset-based loans for three companies in the Southeast: Interra International, KPAQ Industries and Kingsdown, Inc. PNC provided a $40 million...
Read Story
|
FirstMerit Bank Business Credit announced three recent asset-based loan transactions.
FirstMerit Bank Business Credit announced it closed a new $78 million revolving credit loan and term loan facility to building products distribution company based...
Read Story
|
Marquette Business Credit, Inc. announced it has provided Appa Seafood, Inc. (dba Appa Fine Foods, Inc.) with a $6 million revolving line of credit and $1.4 million equipment term loan to support its continued growth. Founded in 1987, Appa, through...
Read Story
|
FirstMerit Bank Business Credit announced it closed a new $10 million revolving credit loan facility to ACO, Inc. on April 2, 2014. Proceeds of the facility were used to refinance existing debt and provide capital for the company’s transition to the...
Read Story
|
Ares Capital Corporation is providing additional details on three of its financing commitments closed during the first quarter of 2014, which were included in Ares Capital’s earnings announcement released yesterday. Financing commitments made by...
Read Story
|
FirstMerit Bank Business Credit announced two recent deals totalling $65 million. The deals include:
Coalescence, LLC
FirstMerit Bank Business Credit announced it closed a new $5 million revolving credit loan facility to Coalescence, LLC on...
Read Story
January 17, 2014, 07:19 AM
|
Prospect Capital Corporation in December 2013, the firm provided $40 million of senior secured floating rate debt to support the recapitalization of Crosman Corporation ("Crosman") by Wellspring Capital Partners, a leading investment firm focused on...
Read Story
January 09, 2014, 07:04 AM
|
Goldman Sachs MLP Income Opportunities Fund recently closed its $395 million committed line of credit with a major U.S. financial institution. The Fund recently completed its initial public offering, raising $826.3 million of equity, excluding any...
Read Story
December 27, 2013, 07:23 AM
|
Siena Lending Group (“SLG”) announced the closing of a servicing arrangement with Tenax Credit Opportunities Fund Ireland Limited (“Tenax”), in regards to a $10 million U.S. ABL facility. SLG worked closely with Tenax prior to closing to select the...
Read Story
November 26, 2013, 07:13 AM
|
Town Sports International Holdings, Inc. announced that its indirect wholly-owned subsidiary, Town Sports International, LLC has entered into a $325.0 million term loan facility and a $45.0 million revolving loan facility. The proceeds from the term...
Read Story
November 18, 2013, 08:00 AM
|
FirstMerit Bank Business Credit announced it closed two deals totaling $54.915 million. The deals are:
A new $29.415 million revolving credit loan and term loan facilities to Sellars Absorbent Materials, Inc. on June 12, 2013. Proceeds of the...
Read Story
|
FirstMerit Bank Business Credit announced it closed two recent financings totaling $33.5 million. The transactions are as follows:Porcelain Industries, Inc.
FirstMerit Bank Business Credit announced it closed a new $5.5 million revolving credit loan...
Read Story
|
Reliance Steel & Aluminum Co. has amended and restated its existing $1.5 billion unsecured revolving credit facility and raised $500 million in a new term loan. The credit agreement has a term of five years, expiring April 4, 2018 and includes an...
Read Story
|
CCA or Corrections Corporation of America announced it entered into an amendment of its Amended and Restated Credit Agreement. An 8-K filing with the SEC indicates that Bank of America is serving as the administrative agent on the amendment. The...
Read Story
|
World Business Lenders (WBL), a lender to small businesses, announced that it closed a credit facility with Harvest Capital Credit. According to the company, the financing will be used to increase its lending to small businesses across the...
Read Story
|
Prospect Capital recently provided a $200 million first-lien senior secured credit facility to support the refinancing of a logistics services portfolio company controlled by H.I.G. Capital (H.I.G.).
The H.I.G. portfolio company is a leading...
Read Story
|
Boulder Brands successfully amended its credit agreement, which was originally entered into on July 2, 2012. An SEC 8-K filing indicates that the Bank of Montreal, Chicago Branch is serving as administrative agent on the agreement.
The amendment...
Read Story
|
ICV Partners announced that its portfolio company SAFE Security successfully completed the refinancing of its existing senior credit facility with a new $130 million debt facility led by Bank of America. The new credit facility, $55 million more than...
Read Story
|
ORIX Leveraged Finance announced the closing of a debt facility with Sprinkles Cupcakes. The debt facility supports an investment in Sprinkles by KarpReilly and will provide for the company’s future growth initiatives. ORIX Leveraged Finance served...
Read Story
|
Cedar Fair Entertainment Company successfully completed the refinancing of its existing senior secured credit facilities with new senior secured credit facilities, consisting of a five-year, $255 million revolving credit facility and a seven-year...
Read Story
|
McGraw-Hill Global Education Holdings, an entity formed by investment funds affiliated with Apollo Global Management, announced today the launch of the syndication of $800 million of senior secured credit facilities to finance the previously...
Read Story
|
Student Transportation Inc. and its subsidiaries announced today it has signed a new five year amended agreement with its senior lenders to extend the current bank credit facility agreement to February 2018. The company was in the second year of a...
Read Story
|
AloStar Business Credit has provided a $15 million senior secured revolving credit facility to Advanced Environmental Recycling Technologies (AERT), a recycler of polyethylene plastic and manufacturer of composite building materials. The secured...
Read Story
|
Cinedigm Digital Cinema has closed two credit facilities totaling $195 million, improving the terms of its previous financing arrangements. The financings include a $125 million senior non-recourse credit facility led by Societe Generale Corporate &...
Read Story
|
Summer Infant, Inc., a global leader in premium juvenile products, has refinanced its outstanding revolving credit facility.
Summer Infant has entered into a new fully underwritten loan and security agreement with Bank of America, N.A. that expires...
Read Story
|
BMC, one of the nation's leading providers of building materials and construction services, has expanded its revolving line of credit to $110 million with Wells Fargo Capital Finance. The expanded facility will provide the company greater financial...
Read Story
February 28, 2013, 08:10 AM
|
Magnetation LLC has successfully closed $110 million of senior secured credit facilities comprised of a $25 million senior secured revolving credit facility, a $50 million senior secured term loan A and $35 million senior secured delayed draw term...
Read Story
February 27, 2013, 08:03 AM
|
Salus Capital Partners announced it has provided a C$21 million senior secured credit facility to Fletcher Leisure Group Inc. The company is one of Canada’s largest sporting goods wholesale and distribution companies. The credit facility will be used...
Read Story
February 27, 2013, 07:12 AM
|
First Capital provided $16.6 million in credit facilities to Lee Masonry Products, a distributor and manufacturer of concrete masonry products for residential and commercial construction. The senior credit facility consists of a $12 million working...
Read Story
February 26, 2013, 07:47 AM
|
Hudson Technologies has amended its secured revolving credit facility with PNC Bank, National Association to increase the maximum loan amount available under the facility to $40 million from $27 million.
Kevin J. Zugibe, chairman and chief executive...
Read Story
February 22, 2013, 07:32 AM
|
Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $19.6 million credit facility to Veridiam, Inc. Proceeds of the facility were used to refinance existing debt and fund ongoing working...
Read Story
February 21, 2013, 07:20 AM
|
LBC Credit Partners, a provider of financing solutions to middle market companies, announced that it provided a credit facility and an equity co-investment to support Frontenac Company’s investment in the Portfolio Group.
LBC Credit Partners was the...
Read Story
February 20, 2013, 08:04 AM
|
CIT Group announced that it provided a senior secured loan to Garrison Investment Group, a leading middle-market credit, asset based and real estate investor located in New York City. The loan is secured by 12 recently acquired community and...
Read Story
February 19, 2013, 08:30 AM
|
Orchard Supply Hardware Stores provided an update on the company’s efforts to refinance or modify its Term Loan debt and otherwise work to improve its capital structure. Additionally, Orchard provided an update on select preliminary fourth quarter...
Read Story
February 19, 2013, 07:08 AM
|
Dunkin' Brands Group, the parent company of Dunkin' Donuts and Baskin-Robbins, has completed the refinancing of its senior secured credit facility, including its senior secured revolving credit facility.
The total debt of the company remains...
Read Story
February 15, 2013, 07:56 AM
|
FairPoint Communications announced today the company has successfully completed the refinancing of its senior secured credit facility. An 8-K filing indicates that Morgan Stanley Senior Funding served as administrative agent and joint lead arranger...
Read Story
February 15, 2013, 07:31 AM
|
GE Capital’s Commercial Distribution Finance business announced it will continue to be the preferred provider of inventory financing for Jacobsen dealers in the U.S. and Canada. Jacobsen has been a GE customer since 2010. Headquartered in Charlotte...
Read Story
February 14, 2013, 08:03 AM
|
Integrated Electrical Services amended its credit and security agreement with Wells Fargo Capital Finance to include a new two-year $5 million term loan and a one-year extension of the revolving credit facility to August 9, 2016.
IES will use the...
Read Story
February 14, 2013, 07:11 AM
|
CIT Group Inc. announced that it arranged and syndicated a $105 million senior secured credit facility for Nashville-based Hospice Compassus, the nation’s largest private independent provider of hospice services across 14 states. Proceeds of the...
Read Story
February 13, 2013, 08:32 AM
|
The Associated Press reports that retailer JCPenney Co. has amended its bank credit facility to increase its borrowing capacity as it looks to finance its multiyear transformation. The department store chain it expanded the credit facility to $1.85...
Read Story
February 13, 2013, 08:01 AM
|
The Financial Restructuring Investment Banking Group of Morgan Joseph TriArtisan LLC announced the successful placement of $62.5 million in senior credit facilities following the formation of Civitas Media, LLC. Morgan Joseph served as a placement...
Read Story
February 12, 2013, 08:05 AM
|
The Newark Group, a leader in the collection of secondary fibers and the manufacturing and converting of 100% recycled paperboard in the U.S. and Canada, announced the company has completed a $186 million refinancing transaction. The company...
Read Story
February 12, 2013, 07:49 AM
|
hmv Canada announced the signing of a new three-year $25 million credit agreement with Wells Fargo Capital Finance to provide additional working capital support for the daily operations of the business.
"We are extremely pleased to have the support...
Read Story
February 11, 2013, 08:04 AM
|
KPS Capital Partners announced today that its portfolio company, Waupaca Foundry, completed a successful recapitalization. The proceeds of the recapitalization, funded by a $200 million upsizing of the Company's term loan, were used to fund a $200...
Read Story
February 08, 2013, 08:09 AM
|
Crystal Financial announced it has agented an $80 million senior secured credit facility to Quantum Foods, LLC, a leading independent custom provider of value-added protein products. Proceeds of Crystal’s senior credit facility were used to repay...
Read Story
February 07, 2013, 08:04 AM
|
LBC Credit Partners served as joint lead arranger and syndication agent for a $50 million senior secured credit facility to support the purchase of the National Pain Institute by Prospira Pain Care (Prospira) and to continue developing Prospira’s...
Read Story
February 07, 2013, 07:57 AM
|
GE Capital's Canadian Franchise Finance business provided Original Joe's Franchise Group Inc. (OJ's) with a C$15.3 million senior secured credit facility. OJ's will use it to continue its expansion of the Original Joe's and State & Main restaurant...
Read Story
February 07, 2013, 07:16 AM
|
Salus Capital Partners provided a C$6 million senior secured credit facility to Northern Reflections Ltd. The company is one of Canada’s largest privately-held apparel retailers offering moderately-priced fashions for women. The financing will be...
Read Story
February 06, 2013, 07:22 AM
|
TCF Capital Funding (TCFCF), the Chicago-based leveraged finance division of TCF National Bank, announced it provided $10.5 million in senior secured credit facilities in support of the recapitalization of East Coast Colorants, LLC d/b/a Breen Color...
Read Story
February 05, 2013, 07:36 AM
|
GE Capital, Corporate Finance announced it is serving as administrative agent on a $500 million asset-based credit facility for Axiall Corporation, created by the merger of Georgia Gulf and the commodity chemicals business of PPG Industries, Inc. GE...
Read Story
February 04, 2013, 08:05 AM
|
Measurement Specialties, a designer and manufacturer of sensors and sensor-based systems, entered into Amendment No. 4 to the credit agreement among the company, the financial institutions party thereto and JPMorgan Chase Bank, N.A., as...
Read Story
February 04, 2013, 07:35 AM
|
Versa Capital Management announced the creation of Vestis Retail Group, a new retail platform that comprises two retailers owned by Versa: Bob’s Stores (Bob’s) and Eastern Mountain Sports (EMS). EMS is the second largest U.S. multi-channel retailer...
Read Story
February 01, 2013, 08:06 AM
|
GE Capital, Healthcare Financial Services is serving as administrative agent on an $8.5 million in senior secured credit facility for TYRX, Inc., consisting of a $7 million term loan and a $1.5 million revolving line of credit. The financing will be...
Read Story
January 29, 2013, 08:06 AM
|
GE Capital, Healthcare Financial Services announced it is serving as sole lender and administrative agent on $12 million in senior secured credit facilities for SIGA Technologies, Inc., consisting of a $5 million term loan and a $7 million revolving...
Read Story
January 28, 2013, 08:46 AM
|
Kidd & Company, a private investment firm focused on the middle market, in collaboration with Centerfield Capital Partners, acquired Imaginetics, Inc., a manufacturer of precision metal components and assemblies for the aerospace industry.
Located...
Read Story
January 25, 2013, 07:26 AM
|
Merisant Company, the global maker of Equal, Canderel and Pure Via tabletop sweeteners, has successfully completed the refinancing of its credit facility. The new $95 million credit facility consists of a secured loan of $70 million and a revolver of...
Read Story
January 23, 2013, 07:27 AM
|
Imperial Capital served as the exclusive advisor to Interface Security Systems, a portfolio company of SunTx Capital Partners, in arranging a new $45 million revolving credit facility provided by Capital One. The facility was undrawn as of the...
Read Story
January 23, 2013, 07:06 AM
|
U.S. Bank Asset Based Finance announced today that it has provided a $60 million revolving credit facility to Westlake Hardware which is now a subsidiary of Ace Hardware Corporation. The facility was used, in part, to support Ace Hardware...
Read Story
January 22, 2013, 03:06 PM
|
Monroe Capital announced the funding of a $27 million unitranche facility to support the sale of Collaborative Neuroscience Network, Inc. (CNS Network) to a 100% Employee Stock Ownership Plan-owned corporation.
This is the first transaction...
Read Story
January 22, 2013, 08:03 AM
|
GE Capital, Healthcare Financial Services announced it is serving as administrative agent on a $45 million senior secured credit facility for The Brooklyn Hospital Center. The financing refinanced existing debt and is being used for ongoing working...
Read Story
January 22, 2013, 07:36 AM
|
TCF Capital Funding (TCFCF) , the Chicago-based leveraged finance division of TCF National Bank, provided $8.5 million in senior secured credit facilities in support of the recapitalization of Direct Marketing Solutions, Inc. by a group formed by...
Read Story
January 22, 2013, 07:24 AM
|
Chemed Corporation entered into an amended and restated credit agreement for its revolving credit facility for which JPMorgan Chase Bank acted as the administrative agent and J.P. Morgan Securities and Merrill Lynch, Pierce, Fenner & Smith...
Read Story
January 22, 2013, 07:14 AM
|
Phillips Edison - ARC Shopping Center REIT Inc. (the "Company") announced that it has increased the borrowing capacity of its senior secured revolving credit facility, agented by KeyBank National Association ("KeyBank) from $40 million to $88 million...
Read Story
January 21, 2013, 07:54 AM
|
OpenTable entered into a credit agreement (the “Credit Agreement”) with Wells Fargo Bank (the “Lender”). The Credit Agreement provides for a senior secured revolving credit facility of $50 million (the “Revolving Facility”), for working capital and...
Read Story
January 17, 2013, 10:09 AM
|
Momentive Specialty Chemicals announced that it has obtained commitments from financial institutions for a new $400 million asset-based revolving loan credit facility, subject to a borrowing base. The ABL facility will replace the company’s existing...
Read Story
January 17, 2013, 07:32 AM
|
Salus Capital Partners announced it has provided a $35 million senior secured credit facility for W Diamond Group Corporation, the largest manufacturer of men’s tailored clothing in the United States with operating factories in Rochester, NY and...
Read Story
January 16, 2013, 08:09 AM
|
FirstMerit Bank Business Credit announced it closed three transactions in December 2012. Details of the transactions are as follows:
Wellborn Forest Products, Inc.
FirstMerit Bank Business Credit closed a new $8,835,000 revolving credit loan and...
Read Story
January 15, 2013, 07:29 AM
|
Prospect Capital provided $27 million of secured second-lien debt financing for CHC Companies, Inc. (CHC), one of the largest outsourced providers of healthcare services to correctional facilities in the United States. The financing was used...
Read Story
January 15, 2013, 07:08 AM
|
Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $14 million facility for Total Hockey, Inc.
The company is a specialty hockey equipment retailer with 21 retail locations and distribution centers in...
Read Story
January 14, 2013, 08:03 AM
|
SUPERVALU Inc. announced a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies (collectively, the Banners) to AB Acquisition LLC (AB...
Read Story
January 11, 2013, 07:59 AM
|
Bank of America Business Capital, as sole lender and administrative agent, has refinanced a $100 million asset-based credit facility for Haggar Clothing, Haggar Women’s Wear, and Haggar Direct. Proceeds will be used for general working capital...
Read Story
January 11, 2013, 07:43 AM
|
Triumph Commercial Finance, a provider of asset based lending, accounts receivable financing (factoring) and equipment finance solutions to small and mid-sized businesses nationwide, announced the addition of seasoned veteran Bob Kassebaum to its...
Read Story
January 11, 2013, 07:36 AM
|
GE Capital, Healthcare Financial Services announced it is serving as administrative agent on a $21.5 million senior secured credit facility for Amedica Corporation. The financing will be used for working capital to support growth.
Headquartered in...
Read Story
January 10, 2013, 08:08 AM
|
Diodes Incorporatedsecured a five-year $300 million revolving senior credit facility. Bank of America acted as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. served as sole lead arranger and sole book runner.
The credit facility...
Read Story
January 09, 2013, 07:16 AM
|
Garrison Investment Group and Wells Fargo Capital Finance completed a refinancing of Apple & Eve, LLC, the largest independent juice company in the U.S. The refinancing was completed by ClearLight Partners, in partnership with management. Garrison...
Read Story
January 07, 2013, 07:35 AM
|
GE Capital, Healthcare Financial Services is serving as administrative agent on a $400 million asset-based revolving credit facility, and as syndication agent on a $325 million cash flow term loan credit facility, for Genesis HealthCare.
The...
Read Story
January 04, 2013, 08:04 AM
|
Rubicon Technology, a provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank.
“This undrawn...
Read Story
January 04, 2013, 07:21 AM
|
Pernix Therapeutics Holdings, a specialty pharmaceutical company, has completed the acquisition of Cypress Pharmaceuticals, Inc., a privately owned generic pharmaceutical company, and Hawthorn Pharmaceuticals, Inc., a privately owned branded...
Read Story
January 03, 2013, 07:37 AM
|
Fifth Street Finance Corp. announced that it closed $422 million of investments during the first fiscal quarter ended December 31, 2012. Of these investments, $391 million were funded at closing. Fifth Street also received $94 million due to...
Read Story
January 03, 2013, 07:10 AM
|
Flotek Industries entered into an amendment to its current credit facility with PNC Bank that, among other terms, expands the size and extends the term of the facility, providing capital to refinance its outstanding convertible notes and reduce the...
Read Story
December 28, 2012, 08:04 AM
|
Audax Group completed a recapitalization of Thalheimer Brothers. Wells Fargo Capital Finance, Audax Senior Debt, and LBC Capital provided financing to support the transaction.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said “Thalheimer is a market...
Read Story
December 27, 2012, 08:02 AM
|
Rotech Healthcare, a provider of home medical equipment and related products and services, entered into a new term loan credit agreement with Silver Point Finance in an aggregate principal amount of $25 million.
Rotech borrowed $23.5 million under...
Read Story
December 27, 2012, 07:17 AM
|
American Securities and Crestview Partners announced that Crestview has acquired NEP Broadcasting and its affiliates from American Securities. Financial terms of the transaction were not disclosed however a press release noted Barclays, Morgan...
Read Story
December 27, 2012, 07:05 AM
|
Kid Brands, Inc. announced it has refinanced its existing senior credit facility with Salus Capital Partners, as lender, administrative agent and collateral agent. The Salus Credit Agreement provides for an aggregate maximum $80 million revolving...
Read Story
December 24, 2012, 07:32 AM
|
Huttig Building Products, a domestic distributor of millwork, building materials and wood products, entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, extends the facility...
Read Story
December 24, 2012, 07:10 AM
|
GE Capital, Corporate Finance announced it is serving as administrative agent on a $300 million asset-based credit facility for Sotheby’s, one of the world’s leading auctioneers. GE Capital Markets served as joint lead arranger for the transaction....
Read Story
December 20, 2012, 08:31 AM
|
Capital One Bank provided a $34 million construction loan to WH Hospital Property Company, to fund the conversion of an existing medical office building into an acute care hospital, Walnut Hill Physicians’ Hospital. The construction loan will convert...
Read Story
December 20, 2012, 07:04 AM
|
CIT Group arranged and syndicated a $125 million senior secured credit facility to UK-based A J Walter Aviation (AJW), a leading global aircraft spares specialist. Proceeds of the facility will be used to support spare parts acquisitions to service...
Read Story
December 19, 2012, 08:30 AM
|
Red Robin International, a wholly owned subsidiary of Red Robin Gourmet Burgers, that it has closed on a new $225 million credit agreement. The new credit facility, a five-year $225 million revolving line of credit, replaces a facility comprised of a...
Read Story
December 18, 2012, 07:43 AM
|
GE Capital, Healthcare Financial Services announced it is serving as administrative agent on a $65 million senior secured credit facility for National Hospice Holdings doing business as Life Choice Hospice. The financing supports Life Choice’s...
Read Story
December 17, 2012, 08:01 AM
|
CIT Group Inc. announced that CIT Healthcare served as sole lead arranger in a $15.5 million senior secured credit facility to DeVilbiss Healthcare, a medical device company and a portfolio company of Vestar Capital Partners, a leading private equity...
Read Story
December 17, 2012, 07:56 AM
|
Flotek Industries has entered into an amendment to its current credit facility with PNC Bank that, among other terms, extends the maturity to January 31, 2013 and allows the company to repurchase up to $40 million of its outstanding convertible notes...
Read Story
December 17, 2012, 07:27 AM
|
CIT Group announced the sale of Amerita, Inc., a provider of home and specialty infusion services, to PharMerica Corporation, an institutional pharmacy services provider. The deal was led by Wesley Smith, Chris Schaefer and Robyn Friedman from CIT...
Read Story
December 14, 2012, 07:12 AM
|
Graycliff Partners completed a new mezzanine investment in Naumann Hobbs Material Handling, Inc. on December 10, 2012. Headquartered in Phoenix, AZ, Naumann Hobbs is a leading full-service material handling equipment distributor and aftermarket...
Read Story
December 14, 2012, 07:02 AM
|
Tempur-Pedic announced in a press release that the company entered into new senior secured credit facilities with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and Fifth...
Read Story
December 13, 2012, 08:00 AM
|
ZAGG Inc, a mobile device accessories company, entered into an $84 million credit facility with Wells Fargo Bank, consisting of a $24 million two-year term note and a $60 million revolving line of credit. With these new loans in place ZAGG has...
Read Story
December 13, 2012, 07:18 AM
|
Salus Capital Partners provided a $25 million senior secured credit facility to The Mitchell Gold Co., d/b/a Mitchell Gold + Bob Williams, a leading full-line provider of premium branded home and hospitality furnishings, supplying consumers with a...
Read Story
December 12, 2012, 07:43 AM
|
Crocs, Inc. into an amendment to its amended and restated credit agreement, expanding the existing $70M line of credit set to expire in December 2016 with a five year $100M revolving line of credit, which includes a 50 basis point reduction in...
Read Story
December 11, 2012, 08:30 AM
|
Monroe Capital announced the funding of a unitranche credit facility and equity co-investment to support the recapitalization of PLAYTIME, LLC by private equity sponsor, Geneva Glen Capital Based in Englewood, CO, PLAYTIME is a global provider of...
Read Story
December 11, 2012, 08:20 AM
|
Medley Capital Corporation announced the closing of an additional $70 million of commitments to its senior secured revolving and term loan credit facilities. The credit facility was arranged and led by ING Capital. Key Equipment Financeand City...
Read Story
December 11, 2012, 08:09 AM
|
LBC Credit Partners, a provider of financing solutions to middle market companies, announced that it was a joint lead arranger, bookrunner and the documentation agent for a $127.5 million senior secured credit facility to support the recapitalization...
Read Story
December 05, 2012, 08:04 AM
|
Federal-Mogul Corporation announced that it has engaged J.P. Morgan Securities and Wells Fargo Capital Finance to arrange certain amendments to its existing credit facility pursuant to which the company’s asset based revolving loan facility would be...
Read Story
December 04, 2012, 08:08 AM
|
GE Antares is serving as administrative agent for a $140 million senior credit facility to support the acquisition of Hilex Poly Co. by Wind Point Partners. GE Capital Markets served as co-lead arranger and sole bookrunner on the transaction.
“GE...
Read Story
December 03, 2012, 07:32 AM
|
Design Within Reach announced the completion of a loan agreement with the Retail Finance Division of Wells Fargo Capital Finance. The five-year agreement for a $22.5 million senior secured revolving credit facility replaces the current $17.5 million...
Read Story
November 29, 2012, 08:32 AM
|
Hudson's Bay Company has repaid its existing $450 million term loan facility with GE Capital Canada Finance and certain others with proceeds from a new $250 million senior non-revolving term loan facility dated November 26, 2012 with Bank of Montreal...
Read Story
November 29, 2012, 07:04 AM
|
Salus Capital Partners provided a $9.5 million debtor-in-possession (dip) credit facility to Bakers Footwear Group, a specialty retailer of moderately priced fashion footwear for young women. The DIP financing will be used by Bakers to provide...
Read Story
November 28, 2012, 08:08 AM
|
Red River, a provider of IT hardware integration, maintenance and support services to the U.S. government, announced an increase in its working capital credit facility by GE Capital's Commercial Distribution Finance (CDF) business. The company's...
Read Story
November 28, 2012, 07:23 AM
|
Hancock Fabrics entered into an amended and restated loan and security agreement. The new, $100 million senior secured asset-based credit facility matures in November 2016 and replaces the company’s existing revolving credit agreement, which would...
Read Story
November 21, 2012, 07:34 AM
|
Salus Capital Partners provided a $10 million senior-secured working capital facility to Bluefly, Inc., an online retailer of designer brands, fashion trends and superior value. The financing will be used to provide working capital for general...
Read Story
November 21, 2012, 07:17 AM
|
Kaman Corporation closed on a new five-year $500 million credit facility replacing its prior $317.5 million credit facility. The facility was brought to market by joint bookrunners and joint-lead arrangers J.P. Morgan Securities; Merrill Lynch...
Read Story
November 21, 2012, 07:02 AM
|
Resource America extended the maturity of its $7.5 million revolving credit facility with TD Bank to December 31, 2014 from August 31, 2013 and eliminated the 6% interest rate floor. Borrowings under the facility will be at either (i) the prime rate...
Read Story
November 20, 2012, 08:04 AM
|
International Speedway amended and restated its $300 million revolving credit facility provided by multiple lenders. The amendment provides better terms and extends the final maturity of the facility from November 2015 to November 2017. The facility...
Read Story
November 19, 2012, 07:32 AM
|
Bank of America Business Capital has extended the $60 million revolving loan facility for Gulfside Supply, for general corporate needs. Gulfside has been a Bank of America Business Capital client since 2004.
“Gulfside Supply has had a very positive...
Read Story
November 16, 2012, 07:11 AM
|
NewStar Business Credit provided a $12 million senior secured financing to Logical Choice Technologyies (LCT). LCT is a consultant and reseller of technology solutions to school districts for use in school classrooms. The credit facilities...
Read Story
November 14, 2012, 08:09 AM
|
Amalgamated Capital, the New York-based leveraged finance division of Amalgamated Bank, announced it recently provided a $5 million senior secured revolving credit facility to Carol's Daughter Holdings, a portfolio company of Pegasus Capital Advisors...
Read Story
November 14, 2012, 07:13 AM
|
Abacus Finance Group, a New York-based specialty finance company, served as administrative agent and sole lead arranger for a $35 million credit facility in support of the recapitalization of Park Place Technologies by WestView Capital Partners and...
Read Story
November 13, 2012, 07:03 AM
|
Monroe Capital Corporation announced that loan commitments on its syndicated credit facility led by ING Capital have increased by $30 million to $55 million, and that four new lenders have joined the facility.
According to Theodore L. Koenig...
Read Story
November 12, 2012, 07:46 AM
|
Jack in the Box Inc. announced the completion of a new five-year $600 million senior credit facility, comprised of a $400 million revolving credit facility and $200 million term loan.
Proceeds from the refinancing will be used to retire the previous...
Read Story
November 09, 2012, 08:29 AM
|
The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, closed five financing commitments totaling $625 million, including two refinancing transactions of existing portfolio...
Read Story
November 09, 2012, 06:44 AM
|
Team Health Holdings, a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, completed the amendment to its senior credit facility.
"We are very pleased...
Read Story
November 08, 2012, 02:00 PM
|
Goldman Sachs and Barclays are in market with a $1.475 billion credit facility that will back Bain Capital's acquisition of Apex Tool Group, according to Thomson Reuters LPC.
The facility comprises a $175 million revolver, an $835 million term loan...
Read Story
November 08, 2012, 08:32 AM
|
Capital One Bank closed a five-year $23.7 million credit facility for BLSCO Newco, Inc. (d/b/a Big Lake Services). Big Lake Services is an oil well servicing company operating in the Permian Basin in West Texas. Proceeds of the facility will be used...
Read Story
November 07, 2012, 08:14 AM
|
Victory Park Capital (VPC), an asset management firm that specializes in direct credit and equity investing in lower middle market companies, announced its SBIC Fund provided a senior credit facility to help finance the acquisition of O. Keller Tool...
Read Story
November 07, 2012, 07:23 AM
|
FleetCor Technologies, an independent global provider of fuel cards and workforce payment products, announced it increased the size of its loan facilities by $500 million. Bank of America served as administrative agent.
The upsized credit facility...
Read Story
November 06, 2012, 08:34 AM
|
Golub Capital announced today that as sole bookrunner and administrative agent it provided a $35 million GOLD financing and equity co-investment to support the acquisition of Southern Anesthesia and Surgical, Inc. (SAS) by Beecken Petty O'Keefe &...
Read Story
November 06, 2012, 07:04 AM
|
Penn National Gaming expanded its existing secured $2.15 billion of senior secured credit facilities by $1 billion. Under the original terms of the senior secured credit facilities entered into in July 2011, Penn National had the option to increase...
Read Story
November 05, 2012, 08:04 AM
|
Destination Maternity Corporation entered into a new $61 million revolving credit facility with Wells Fargo Bank. The new credit facility replaces the company's $55 million revolving credit facility with Bank of America, which was due to mature on...
Read Story
November 05, 2012, 07:27 AM
|
Main Street Capital Corporation amended its $287.5 million credit facility to extend the final maturity of the credit facility to five years, through September 2017, with the credit facility fully revolving for the first three years of its five-year...
Read Story
November 05, 2012, 06:58 AM
|
Salus Capital Partners provided a $12.75 million senior secured working capital facility to Xenith, LLC, a privately held manufacturer and wholesaler of football helmets and sporting equipment. The financing will be used to provide working capital...
Read Story
November 01, 2012, 07:06 AM
|
GE Capital, Corporate Finance announced it is administrative agent on a $105 million cash flow credit facility to Columbus Manufacturing, a producer of premium-branded specialty Italian cured meats. The financing is being used to support the...
Read Story
October 31, 2012, 09:00 AM
|
Crystal Financial LLC, an independent commercial finance company, announced it has provided a C$40 million loan facility—in the form of senior secured debt—to Red Ash Capital LP, a company associated with Hilco UK Limited to facilitate the...
Read Story
October 31, 2012, 07:00 AM
|
BMO Harris Bank’s Sponsor Finance group announced it was the sole lead arranger, sole bookrunner and is administrative agent for $40 million in senior credit facilities to JDC Healthcare Management, LLC, and a portfolio company of Black Canyon...
Read Story
October 31, 2012, 06:00 AM
|
Villa Enterprises Management closed a seven-year, $15M credit facility with Capital One Bank. Villa and affiliated companies own, operate and franchise 329 Quick Service Restaurants (QSRs), fast casual and full service restaurants in 38 states and...
Read Story
October 23, 2012, 07:08 AM
|
Doral Healthcare Finance provided a three year $7 million revolving line of credit to a chain of HUD and Non-HUD nursing homes managed by LA Management. Proceeds from the transaction will be used for working capital and to refinance existing debt at...
Read Story
October 22, 2012, 07:07 AM
|
Cole Taylor Business Capital announced the funding of a $10.6 million facility for Atlantic Press, Inc. located in Bedford Park, IL. The company is a high speed insert printer serving multiple industries. Proceeds of the facility will be used to...
Read Story
October 22, 2012, 07:00 AM
|
In its capacity as administrative agent, Bank of America Business Capital has extended its asset-based credit facility for the W.C. Bradley Co. W.C. Bradley refinanced a $60 million revolver with the bank and will use the proceeds for general working...
Read Story
October 18, 2012, 08:00 AM
|
Orchard Supply Hardware Stores Corp. closed on a new five-year senior secured credit facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America. The new...
Read Story
October 18, 2012, 08:00 AM
|
Cole Taylor Business Capital provided a $5 million facility for WM Coffman Resources LLC. The Plano, TX based company is a designer and distributor of interior iron and hardwood stair products for the residential market. Their products include newels...
Read Story
October 15, 2012, 08:11 AM
|
Cole Taylor Business Capital announced the funding of an $11 million facility for Burlington Technologies, Inc. The company is a manufacturer of dyed yarns and specialty fabrics. Proceeds of the facility will be used to refinance existing debt and...
Read Story
October 15, 2012, 07:13 AM
|
Salus Capital Partners provided an additional $1.5 million of working capital to Frontera Investment, Inc.’s existing $5 million senior-secured credit facility. This represents the first transaction under an Investment Account Agreement with MRC...
Read Story
September 25, 2012, 08:00 AM
|
TD Bank Asset-Based Lending Group has provided $39 million in financing to support the acquisition of Albert Tire Company by Bennett Capital Partners and an unnamed private investment firm. The credit facilities consist of a $35 million revolver and...
Read Story
September 17, 2012, 08:00 AM
|
GE Capital, Corporate Finance announced it is administrative agent on a $75 million asset-based credit facility for Acme Lift Company,a wholesale rental company for aerial work platform equipment. The loan will be used to refinance existing debt and...
Read Story
September 06, 2012, 08:00 AM
|
Wells Fargo Capital Finance acted as left lead arranger and administrative agent and, together with the other arrangers, underwrote a $1.65 billion senior secured, asset-based revolving credit facility for SUPERVALU INC. The facility refinances a...
Read Story
September 06, 2012, 08:00 AM
|
CIT Group announced that it provided a senior secured credit facility to Odyssey Investment Partners, a leading middle-market private equity firm, to support its acquisition of L-com, Inc., a global designer and manufacturer of wired and wireless...
Read Story
September 05, 2012, 07:00 AM
|
Bank of America Business Capital recently arranged and agented a $125 million senior secured, asset-based revolving credit facility for Consolidated Container Company. A developer and manufacturer of rigid plastic packaging solutions in North America...
Read Story
August 14, 2012, 08:00 AM
|
Salus Capital Partners provided a $30 million senior-secured working capital facility to China Pearl, Inc., a seller of a diverse catalog of pearls to nearly 10,000 retailers across the United States. The financing will be used to provide working...
Read Story
August 13, 2012, 07:00 AM
|
BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was joint lead arranger and administrative agent for $260 million in senior credit facilities to support the acquisition of Consona...
Read Story
August 07, 2012, 08:00 AM
|
PNC provided $70 million of a larger revolving credit facility for Berry Nurseries, a portfolio company of Insight Equity in Southlake, TX. Headquartered in Dallas, Berry Nurseries supplies a wide variety of plants and shrubs to Lowe’s and Home Depot...
Read Story
August 07, 2012, 07:00 AM
|
Salus Capital Partners provided a $21.5 million senior-secured credit facility to a newly created company to purchase certain assets from one of North America’s leading retailer of apparel and accessories. The financing will also be used as working...
Read Story
August 06, 2012, 06:00 AM
|
Bank of America Business Capital has announced that it provided a $60 million asset-based credit facility for Milacron LLC.As an integral part of its recent acquisition by private equity firm CCMP Capital Advisors, Milacron turned to Bank of America...
Read Story
August 02, 2012, 06:00 AM
|
BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was the joint lead arranger, joint bookrunner and is administrative agent for $59 million in credit facilities to support the...
Read Story
|
NewStar Business Credit provided $12.5 million senior secured facility to support the acquisition of Fastener Distribution and Marketing Company (FDMC) by Precision Aerospace Components. Both companies are distributors of specialty and commodity...
Read Story
|
Wells Fargo Capital Finance arranged and agented a new five-year $200 million senior secured, asset-based revolving credit facility as part of a recapitalization for Barneys New York. The facility will be used for ongoing working capital...
Read Story
|