A $400,000 tailored financial solution has just been put together for an industrial manufacturer based on the West coast of the US. The package is made up of a $120,000 cash flow loan with the remainder accounts receivable facility.The client was...
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October 05, 2022, 07:19 AM
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TradeCap Partners recently closed a $450,000 Purchase Order Finance Facility for a Texas based startup manufacturer and distributor of outdoor goods.
The founders had 40+ years of experience in the outdoor industry selling a variety of branded and...
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TAB Bank provided a refueling equipment manufacturer in Kansas with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The company...
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LSQ originated a $1.5 million credit facility for a woman-owned industrial auto parts manufacturer and supply-chain management company.The company will use the additional capital to expand their operations.As part of the partnership, LSQ will also...
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The right lending partner is focused on relationships and how those relationships enable timely, flexible support of an organization’s current and future capital needs. Traditional lending structures are often too restrictive to achieve this goal....
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LSQ recently originated a $1.7 million credit facility for a California-based recreational vehicle and travel trailer accessory manufacturer.The company will use the additional capital to fund innovation, new designs and improve existing products and...
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In February, Sallyport provided a client with $7,500,000 accounts receivable funding for a tank manufacturer to the Oil and Gas industry. The manufacturer's products are in huge demand and with a significant backlog of $80 million worth of orders...
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Lighthouse Financial Corp. completed a $2,500,000 credit facility for a North Carolina-based manufacturer and distributor of athletic equipment. Since its inception in 1967, the company has never wavered from its primary mission: to provide...
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February 16, 2022, 08:00 AM
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Nortech Systems executed a sixth amendment to its Bank of America (“BOA”) Loan and Security Agreement. Nortech entered into the original agreement on June 15, 2017 and it was set to expire on June 15, 2022. Nortech and BOA have agreed to renew the...
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January 06, 2022, 08:00 AM
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Headquartered in Simpsonville, SC, Essential Cabinetry Group is a manufacturer of custom, semi-custom and stock-plus kitchen and bathroom cabinetry that is sold primarily through the dealer channel. Through its three market-leading brands (Tedd Wood...
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December 20, 2021, 06:00 AM
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Sallyport announced a $1,600,000 accounts receivable facility for a growing Canadian manufacturer in the agricultural space. The client was referred to Sallyport by a broker and although there were other providers vying for the business, the client...
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November 09, 2021, 07:00 AM
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When a Midwest based private equity owned promotional products manufacturer was getting back to business following the pandemic, their regional bank wanted to limit their access to working capital. Despite returning to profitability this year and a...
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November 02, 2021, 07:28 AM
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Titan International announced the completion of an amendment to its domestic credit facility. On October 28, 2021, the Company amended and extended the Credit and Security Agreement, dated as of February 17, 2017 (as amended) with respect to the $100...
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November 01, 2021, 06:00 AM
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TAB Bank provided a clean air products manufacturer in Florida with a $3.25 million asset-based credit facility. In addition to the revolving credit line, TAB also provided the company with $1.7 million in an equipment term loan. The new facility is...
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October 08, 2021, 07:20 AM
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A $500,000 Production Finance Facility to a Northeast fragrance manufacturer was recently extended by TradeCap Partners.A steady increase in the volume of deliveries, the hiring of a new sales manager and the addition of two new brand licenses were...
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September 22, 2021, 06:00 AM
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MidFirst Business Credit (MFBC) provided a $10 million working capital and term loan facility to Bison Metal Technologies, LLC. Located in Shawnee, OK, Bison is a manufacturer of seamless copper commercial tube in a broad range of lengths and...
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September 14, 2021, 08:00 AM
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Sallyport provided $1,000,000 of accounts receivable financing for a startup business manufacturing sustainable, eco-friendly kitchenware.The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth...
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September 09, 2021, 07:00 AM
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Sallyport provided $4 million in financing for the expansion of a manufacturing plant in the US. Sallyport partnered with a specialist inventory finance lender to take the total finance available to the client to $8 million through a combination of...
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August 04, 2021, 06:00 AM
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First Business Specialty Finance, LLC, a subsidiary of First Business Bank, recently closed and funded a $13 million revolving line of credit facility and real estate term loan for a plastic injection products manufacturer in Wisconsin.The...
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TradeCap Partners recently closed a $500,000 production finance facility for a Texas based manufacturer of couplings used in oil and gas and industrial applications.
Key members of the management team had acquired the Company in the past 6 months...
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U.S. Manufacturing Technology Orders totaled $437.9 million, an increase of 16.1 percent over February 2021 and an increase of 41.6 percent over March 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The...
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FrontWell Capital Partners closed a CAD$15 million senior secured credit facility to a large Canadian manufacturing company with an operating history of more than 150 years. The facility is secured by real estate and working capital and will be used...
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LSQ originated a $1.5 million facility for a growing South Carolina manufacturing company distributing DIY products to one of the largest home improvement retailers in the U.S. The client was referred by their commercial banker and brother, who had...
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An Illinois manufacturer of drainage piping and plastic tubing was looking for a new lender. mBank Senior Management personally visited the client and reviewed their plans and met with all management and their consulting firm. mBank then presented...
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First Business Specialty Finance announced a recently closed and funded $8,400,000 revolving line of credit facility, real estate term loan, and equipment term loan for a manufacturer/distributor of restaurant equipment in Ohio. The Asset-Based...
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February 26, 2021, 08:04 AM
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TAB Bank provided a $12 million asset-based credit facility for an aluminum extrusion manufacturing company based in Ohio. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. The company...
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February 11, 2021, 07:06 AM
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SC&H Capital acted as the exclusive investment banker to Dolven Enterprises, Inc. in the recapitalization and placement of a new credit facility. As part of the strategic plan for Dolven, a leading manufacturer of bedding and furniture components to...
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February 10, 2021, 07:00 AM
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Charter Growth Capital Fund (CGCF) announced its investment in Premier Engineered Products (PEP). CGCF provided mezzanine debt in support of the recapitalization. Birmingham, Michigan-based Colfax Creek is the lead investor in the transaction. Colfax...
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January 25, 2021, 06:00 AM
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TAB Bank provided a $1.5 million asset-based credit facility for a manufacturing company based in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. The company manufactures...
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January 20, 2021, 08:00 AM
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Sallyport Commercial Finance provided a $4 million Accounts Receivable Financing Facility to a sponsor backed metal components company. The client had their supply-chain deeply affected by COVID-19 and as a result, needed a financing partner to help...
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January 08, 2021, 07:50 AM
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Amerisource Business Capital closed and funded a $1,000,000 credit facility for a Christmas and holiday decorations manufacturer based in North Carolina. The proceeds are being used to fund the company’s ongoing working capital needs.Kelly Collins...
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December 04, 2020, 08:05 AM
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TAB Bank provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.The company is one of...
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December 03, 2020, 07:00 AM
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Republic Business Credit refinanced a Midwestern automotive and industrial supplier to facilitate future acquisitions. Republic Business Credit provided a $3,750,000 ledgered line of credit facility secured by accounts receivables and inventory that...
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November 19, 2020, 07:45 AM
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MidCap Business Credit announced that it has completed a $2.5 million asset-based credit facility for UG Plast, Inc. Headquartered in York, PA , UG Plast, Inc. is a manufacturer of multi-wall polycarbonate, solid polycarbonate, and corrugated...
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November 17, 2020, 08:00 AM
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A solar company in California has chosen TAB Bank for a $2.5 million revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.The company designs and manufactures...
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October 09, 2020, 09:05 AM
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Enable Injections, Inc., a company developing and manufacturing the enFuse® platform of investigational wearable infusion devices, announced it has completed a credit facility for $25 million from Oxford Finance LLC ("Oxford"), a specialty finance...
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September 10, 2020, 09:10 AM
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TAB Bank provided a $4 million asset-based revolving credit facility for manufacturing company based in North Carolina. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the...
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August 27, 2020, 08:00 AM
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The 2020 pandemic has created financial stress for many businesses throughout the country. Many of these are well-run companies challenged by forces beyond their control. During exceptional times, bank lending restrictions and standard loan...
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August 24, 2020, 07:50 AM
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Pathlight Capital, a privately held commercial finance company dedicated to meeting the needs of companies that operate across a broad range of industries, announced two new financings totaling $50 million.The first, a $30 million first lien term...
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Libbey Inc., one of the world's largest glass tableware manufacturers, announced that all "first day" motions related to the Company's voluntary Chapter 11 petitions for reorganization filed on June 1, 2020, have been approved on an interim basis by...
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Republic Business Credit partnered with the Management Team of a furniture manufacturer to refinance their existing bank facility and provide additional availability. The West Coast family owned furniture manufacturer needed more availability and...
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Tiger Group is liquidating well-maintained, late-model machinery and equipment surplus to the ongoing operations of a leading dispenser and manufacturer of Cannabidiol (CBD) products, with a range of value-add uses in the cannabis and biopharma...
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Allied Affiliated Funding, a division of Axiom Bank, N.A. is pleased to announce the following recently closed transactions:
$1,500,000 in Receivables Financing to a New Jersey-based pet wash manufacturing company that sells primarily dog washing...
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Even in today’s challenging environment, Gibraltar moved rapidly to help a new sponsor-backed client, Bentek, refinance a working capital loan. With a more flexible advance rate structure, we were able to provide Bentek with the funding support it...
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TradeCap Partners announced the closing of a $9mm Purchase Order Facility for a West Coast based industrial safety gear manufacturer.Extensive industry experience and product knowledge of the management team led to an exclusive agreement with a...
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Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announced a two year extension of its senior secured asset-based revolving credit facility ("ABL Facility...
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Fifth Third Business Capital, a division of Fifth Third Bank, National Association, announced it acted as sole lender and administrative agent on the closing of a new $15,828,000 Senior Credit Facility for Comfort Research, LLC. Based in Grand Rapids...
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Power Solutions International, Inc., a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced that it has closed on its new senior secured revolving credit facility (the "Credit Facility") under a...
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Cardinal Homes, a made-to-order, modular building component manufacturer, invested heavily in production equipment upgrades and renovations to streamline productivity – right before the 2008 housing bubble burst.Cardinal Homes, like all companies in...
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Rosenthal & Rosenthal, Inc., the leading independent factoring, asset based lending and purchase order financing firm in the United States, announced the completion of a recent purchase order finance facility. The deal will support the production...
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North Mill Capital provided an $8,000,000 Asset Based Credit Facility to Coastal Wire Company. The South Carolina-based company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and specialty wire products for the...
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North Mill Capital announced the funding of a $3,000,000 Revolving Line of Credit and a $500,000 Equipment Term Loan Facility to Seating Concepts, LLC.The proceeds were used to pay off the existing lender and provide additional working...
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February 18, 2020, 07:00 AM
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North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility. North Mill provided additional working capital for the company in conjunction with the current lender. Master Packing & Rubber Company is a manufacturer and global...
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February 11, 2020, 09:05 AM
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North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility. North Mill provided additional working capital for the company in conjunction with the current lender.Master Packing & Rubber Company is a manufacturer and global...
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February 10, 2020, 09:20 AM
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Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a kitchen counter manufacturer based in New York. The proceeds are being used for working capital.Andy Allaire, Regional Market Manager for...
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February 05, 2020, 09:00 AM
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Rockland Trust announced it provided a $4.0 million revolving line of credit through its Asset Based Lending team to Simonds Saw, a leading manufacturer of high-quality industrial blades and files for cutting and shaping metal. The financing was used...
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February 03, 2020, 09:10 AM
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An Indiana based Manufacturer of wood products was looking for a new lender as they were considered too small for the major bank they dealt with. Their business model was in transition and the size of the lending requirement had fallen to the point...
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January 17, 2020, 08:00 AM
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Fifth Third Business Capital, a division of Fifth Third Bank, National Association, announced it acted as sole lender and administrative agent on the funding of a senior credit facility to Alco Products, LLC. Based in Detroit, Michigan, Alco is a...
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January 08, 2020, 09:00 AM
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Shawnee Tubing Industries, LLC, a manufacturer of smooth and finned copper tubing, has retained Equity Partners HG to seek a buyer for the business. Originally started in 1974 as Wolverine Tube Shawnee in Shawnee, OK, the Company has been producing...
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November 11, 2019, 08:00 AM
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MidCap Business Credit announced it closed on a $4,000,000 Asset Based Credit Facility for Trans-Lux Corporation. Headquartered in New York, NY, Trans-Lux is a leading designer and manufacturer of high-performance state-of-the-art digital display...
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October 16, 2019, 08:00 AM
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Bibby Financial Services (BFS) provided $2 million in funding to a company based in New York that manufactures RFID tags for tracking inventory. Their previous factoring company required a full paper trail and verification per invoice. With over...
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September 27, 2019, 08:00 AM
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TAB Bank announced it has provided a $1 million asset-based revolving credit facility for a machine parts manufacturing company located in Oregon. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing...
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September 06, 2019, 09:00 AM
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Siena Lending Group LLC (“Siena”) announced the closing of a $5.5 million asset-based credit facility for Amfuel, LLC (“Amfuel”), which is scalable up to $8.0 million during the three year term.The financing includes a revolving line of credit, term...
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August 22, 2019, 09:00 AM
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TD Bank announced today that it closed a Small Business Administration loan in a $5 million debt-refinancing deal with The Foster Corporation dba Bio-Serv and Radon Supplies. The restructure will allow Bio-Serv and Radon Supplies to continue daily...
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Allied Affiliated Funding, a division of Axiom Bank, N.A. announced the following recently closed transaction:
$2,000,000 in Receivables Financing to a Missouri-based company that manufactures and sells high-quality silica proppant (frac sand) to...
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Bibby Financial Services recently closed more than $10 million in funding in six transactions in the U.S. and Canada.Bibby Financial Services (BFS) extended $7.5 million to a health food manufacturer and distributor. When the company came to BFS...
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Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), announced that it has provided a $6.5 million credit facility to Survival Systems International, Inc. (SSI). In addition to the financing, Survival Systems...
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North Mill Capital announced the funding of a $1 million accounts receivable facility to Aspen Research Corporation.The funds were utilized to pay off the current lender and provide additional working capital to support company growth.Aspen Research...
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Business Capital delivered a Term Loan to Wagner Die Supply, a family-run company that has been providing high-quality products for the die-cutting industry for 7 decades. Wagner manufactures punches and die storage systems, as well as distributes...
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Amerisource Business Capital announced the closing and funding of a $600,000 credit facility for a New York based manufacturer of component parts for the aerospace, commercial, military and transportation industries. Proceeds of the facility are...
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Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp announced that it has provided a $4.4 million credit facility to Powder Coat Services, LLC ("PCS"). The credit facility consists of a commercial term...
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February 20, 2019, 08:05 AM
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Sallyport Commercial Finance provided a $1,250,000 accounts receivable facility to a manufacturing company producing control panels utilized by industries ranging from nuclear power plants to outdoor barbecues. With more than 40 years of experience...
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February 20, 2019, 08:00 AM
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Republic Business Credit supported a second generation family manufacturing business to refinance away from a restrictive non-bank asset based lender that was unwilling to support the turnaround management efforts of the recently appointed CFO....
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February 06, 2019, 08:00 AM
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Sallyport Commercial Finance provided a $2,000,000 accounts receivable facility to a sophisticated metal fabrication company serving domestic and international OEM manufacturers.With a 35-year history, this company has found success by providing...
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December 20, 2018, 07:30 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Leola, Pennsylvania-based Ross Technology Corporation (Ross). Formed as a...
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December 06, 2018, 07:00 AM
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Bibby Financial Services (BFS) funded a $10 million asset-based lending facility to a manufacturing and distribution company that develops, markets and distributes premium vitamins and supplements. The company chose BFS as its lender because of their...
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December 05, 2018, 08:01 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,680,000 senior credit facility to Fox River Grove, IL-based AMS Group, Inc. and affiliates. AMS is comprised of a coil steel distributor, a...
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November 15, 2018, 09:00 AM
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Ares Commercial Finance announced that it has provided an $18.75 million senior secured credit facility comprised of a $7.5 million revolving line of credit, $10.5 million in term loans secured by machinery and equipment and real estate and a $750.0...
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November 12, 2018, 09:00 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,680,000 senior credit facility to Fox River Grove, IL-based AMS Group, Inc. and affiliates. AMS is comprised of a coil steel distributor, a...
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November 07, 2018, 08:00 AM
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Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a grease and lubricant manufacturer based in Texas. Proceeds of the facility will provide the working capital needed to support the Company’s...
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October 31, 2018, 08:00 AM
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Private equity firm Auxo Investment Partners announced that it has partnered with the Rink family with its investment in Prestige Stamping, Inc., a Michigan-based high-speed niche manufacturer of custom engineered stampings for the fastener industry....
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October 19, 2018, 09:00 AM
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Lighthouse Financial Corp. announced the completion of a $1,750,000 Revolving Line of Credit to a North Carolina based manufacturer of architectural products including clay masonry bricks and other high-performance building enclosure products for the...
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October 02, 2018, 08:00 AM
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Stonegate Capital has closed on a $5 million senior credit facility for Gearbox Express, LLC. Based in Mukwonago, Wisconsin, Gearbox repairs, rebuilds, and remanufactures wind turbine gearboxes and gearbox parts.
Stonegate worked with management...
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September 20, 2018, 07:00 AM
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Siena Lending Group announced the completion of a three-year asset based revolving and term loan credit facility for Texas Die Casting, LLC (“TDC”), a leading precision high-pressure aluminum die casting company servicing the automotive, appliance...
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August 17, 2018, 08:00 AM
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Presidential Financial Corporation announced it has provided $4 million in working capital facilities to OakCraft, Inc. OakCraft, Inc. manufactures kitchen cabinets primarily for major home subdivision builders and has evolved into a reputable...
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August 14, 2018, 08:15 AM
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Big Shoulders Capital (“BSC”) provided a refinancing solution to support over 200 jobs at a New York woodworking manufacturer that has been an important employer in the town for over 40 years. Despite the company having a challenging 2017, BSC was...
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August 14, 2018, 07:30 AM
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Gibraltar Business Capital recently closed a $1.5 million line of credit facility for Lehr Holdings. Located in Stanley, North Carolina, Lehr Holdings is a leading manufacturer of propane-powered products addressing the marine, lawn & garden and...
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August 10, 2018, 08:00 AM
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Sallyport Commercial Finance Provided a $1,500,000 Accounts Receivable Facility to a company that manufactures accessories and software such as PC games and interactive toys.“I’m very pleased that our newest client is once again working with our team...
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August 06, 2018, 08:00 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a $12 million senior secured credit facility to Imperial Toy, a worldwide leader in the sale and manufacture of toys. The...
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MidCap Financial announced it has provided a senior secured credit facility to Lux Global Label Company, LLC, a supplier of labeling solutions. The MidCap credit facility refinanced the Company’s existing indebtedness and will support the Company’s...
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TradeCap Partners, LLC announced a recently closed $250,000 Purchase Order funding relationship with a well-known model toy company located in Texas.
The company had enjoyed many years of strong operating results but past management hadn’t stayed...
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TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF), announced that it provided senior secured financing to support River Associates Investments, LP in the acquisition of Quikserv Corp.Based...
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A joint venture between New Mill Capital Holdings, LLC and Tiger Group has sold the former General Mills Pillsbury plant in New Albany, Ind. to The Sazerac Company, one of the largest American family-owned distilling companies in the United States. ...
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Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a pipe cutting and onsite assembly company in Texas. Proceeds of the facility were used to support continued business growth. Daniel Martinez, Market...
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Bibby Financial Services (BFS) recently completed the funding of a $5M CAD AR facility to an IT systems manufacturer based in Ontario.
The company needed a new senior lender and chose BFS due to their global presence and ability to scale with the...
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North Mill Capital closed a $1,000,000 Accounts Receivable Facility for Corchran, Inc., a custom metal fabrication service provider located in Minnesota. The company provides full service capabilities including laser cutting, punching, shearing...
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Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a pump manufacturing Company in Utah. Proceeds of the facility were used to refinance existing debt and provide capital for future expansion. Danilo...
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When an international factoring company was unable to keep up with their clients ongoing growth projections, Republic Business Credit replaced their higher cost facility with a ledgered receivables line of credit. The consumer goods manufacturer...
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Hastings Manufacturing Company by private equity sponsor, RFE Investment...
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Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a grease and lubricant manufacturer in Texas. Proceeds of the facility were used to support working capital and business growth. Allison Billings...
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North Mill Capital closed a $16 million asset based credit facility with Stanley Furniture, Inc.,a designer, manufacturer and distributor of middle to high-end wood residential furnishings. Founded in 1924, their products can be found in stores all...
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Lighthouse Financial Corp announced the completion of a $2,750,000 Revolving Line of Credit to a Florida based developer, manufacturer and distributor of PC peripherals, accessories and networking products.
Through strategic partnerships in the IT...
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An Illinois based manufacturer for the Print and Converting industries received an $750,000 asset based line of credit on its accounts receivable from mBank Business Credit the Asset Based lending division of mBank. The firm was looking for a new...
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NXT Capital announced that it has provided a senior secured credit facility to support May River Capital’s acquisition of The Dickson Company. NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this...
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $4,900,000 senior credit facility to Gallatin, Missouri-based Landmark Manufacturing Corporation. Landmark, founded in 1953, is a third-generation family...
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TAB Bank announced it has provided a $3 million asset-based revolving credit facility for a lighting manufacturing company located in Florida. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing...
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Veritas Financial Partners, a leading specialty finance company, announced the closing of a $10 million accounts receivable financing facility in partnership with Prestige Capital Corporation, a nationwide factoring firm servicing small and mid-sized...
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Lighthouse Financial Corp. announced the completion of a $3,000,000 Revolving Line of Credit to a North Carolina based designer, manufacturer and distributor of personal flotation devices, footwear, and other outdoor products.
Founded in 2002, the...
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TradeCap Partners recently established a $3 million supply chain finance facility for a Texas based lighting and fixture manufacturer. The company designs lighting displays and fixtures for the largest retail chains in the U.S. and manufactures them...
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An Ohio based provider for Inspection and Quality services in the manufacturing sector received an $1,400,000 asset based line of credit on its accounts receivable from mBank Business Credit the Asset Based lending division of mBank.
The firm was...
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North Mill Capital provided a $2,000,000 Asset Based Credit Facility to International Rollforms in Sewell, New Jersey. The funding was comprised of an accounts receivable and inventory credit facility. The funds were utilized to pay off the existing...
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February 09, 2018, 07:15 AM
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MidCap Business Credit announced that it has completed a $9 Million Asset Based Credit Facility to B&G Manufacturing Company, Inc. Headquartered in Hatfield, PA, B&G is a 60 yr. old family owned manufacturer and distributor of precision custom...
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February 06, 2018, 07:00 AM
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Blue Hills Bank announces the closing of a new senior credit facility with Magnus Textile, a Chelmsford, Massachusetts-headquartered importer and distributer of specialized textile products.
The senior credit facility provided by Blue Hills Bank’s...
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February 05, 2018, 08:00 AM
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TradeCap Partners recently established a $1,000,000 supply chain finance facility for a New Jersey based toy company. The company manufactures overseas and sells to wholesalers and retailers through both direct import and domestic sales programs.In...
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January 24, 2018, 08:00 AM
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North Mill Capital provided an $11,200,000 Asset Based Credit Facility to LMC Industries located in Arnold, Missouri. LMC Industries, Inc. is a manufacturer of metal stamping and plastic injection molded parts. The funding was comprised of an...
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January 18, 2018, 08:15 AM
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Siena Lending Group LLC announced the completion of a three-year $10 million revolving credit facility for Mission Product Holdings Inc. The credit facility will be used to refinance the company’s existing senior debt and support its working capital...
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January 09, 2018, 08:00 AM
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Rockland Trust announced it provided a $1 million commercial loan for Paul K. Guillow, Inc. (Guillow’s Model Airplane Company), one of the world’s largest toy airplane manufacturers. The funding will go towards helping position their business better...
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December 04, 2017, 07:00 AM
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Hilco Industrial announced that they will be managing the sale of machinery and equipment belonging to MRL Industries. Since 1962, MRL Industries has been a supplier of custom fabrications and assemblies, as well as protective enclosures used in...
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October 27, 2017, 08:01 AM
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Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $500,000 asset based revolver for a manufacturer and wholesaler of men’s grooming products based in California.Established in 2012, the firm recently...
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October 24, 2017, 08:01 AM
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Sallyport Commercial Finance provided a $2 million-dollar Debtor-In- Possession facility to a company focused on the design and manufacture of ladies and children’s shoes.Founded in 2009, a second-generation shoe designer leads this family business...
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October 16, 2017, 08:00 AM
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LBC Credit Partners, a provider of financing solutions to middle market companies, provided a $62.0 million senior secured credit facility to support the recapitalization of Gamo Outdoor S.L. ("Gamo") and Daisy Manufacturing Company ("Daisy"). Gamo...
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October 04, 2017, 08:00 AM
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Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp announced that the Bank’s Asset-Based Lending Group has extended a $3.5 million credit facility to Santier, a San Diego-based manufacturer. The credit facility...
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October 02, 2017, 09:00 AM
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TradeCap Partners, LLC announced it recently closed a $2.2 million production finance facility for a North Carolina producer of mattress covers. The company, a subsidiary of a large holding company, was established specifically to produce specialty...
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September 27, 2017, 07:00 AM
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Siena Lending Group LLC announced the closing of an $8.0 million credit facility for Deco Enterprises, Inc. dba Deco Lighting. The financing was completed in four weeks. The credit facility provided additional working capital to support business...
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September 12, 2017, 08:00 AM
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Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued by Timothy R...
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September 05, 2017, 07:00 AM
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Siena Lending Group LLC announced the completion of a three-year $10.0 million asset based revolving credit facility for Integrity Delaware, LLC dba Integrity Industries (Integrity) to provide additional working capital for the business as they ramp...
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August 16, 2017, 07:00 AM
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MidCap Business Credit announced that it has completed a $3.8 million Asset Based Credit Facility to Axion Structural Innovations LLC. Headquartered in Zanesville, Ohio, the Company manufactures composite Railroad ties and Building Products made...
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August 01, 2017, 06:00 AM
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Sallyport Commercial Finance recently provided a $3 million Accounts Receivable Facility to the oldest and most recognized North American warmer brand in the outdoor industry.Established in 1980, this company designs, manufactures, packages...
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Ares Commercial Finance announced that it has provided a $7 million senior secured credit facility to Intense Cycles, Inc. in Temecula, CA.
The company is a boutique developer, manufacturer, and marketer of high-end mountain bikes, which are well...
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Tiger Group and Stuart Realty Group are now accepting turnkey offers for the land and other assets of wood moulding manufacturer Consolidated Pine, Inc. The complete business opportunity includes over 23 acres of real estate in Prineville with...
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Veritas Financial Partners announced the closing of a $3 million asset based revolving credit facility for Columbia Systems International of South Carolina Inc. Columbia Systems utilized the proceeds to refinance its existing senior debt and to...
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MidCap Business Credit announced that it has completed a $10 million Asset Based Credit Facility to Forged Components, Inc. Headquartered in Humble, TX, Forged Components is a global leader in forging, machining, and the manufacturing of integral...
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SSG Capital Advisors, LLC acted as the investment banker to Holliston, LLC in the sale of substantially all of its assets to an affiliate of Henry and Wallace, LLC The transaction closed in May 2017. Holliston, founded in 1893 and based in Church...
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NXT Capital announced that it has provided a $29 million incremental senior secured credit facility to support Resource Label Group’s add-on acquisition of Gintzler International. This brings Resource Label Group’s total credit facility to $173.5...
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Due to the winding down of operations, Tiger Group and EquipNet will conduct an online-only sale on April 18th for SMT (surface mount technology) equipment, inventory, plant support and other assets owned by McDonald Technologies, an SMT/ PCB...
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Lighthouse Financial Corp. announced that it has provided a $4 million revolving line of credit to a South Carolina based designer, manufacturer, and wholesale distributor of bedding, bath, and related home textile products. Founded over 30 years ago...
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Sallyport Commercial Finance recently provided a $2 million facility including an Inventory and Purchase Order Line to a company who specializes in designing and manufacturing the fold-up ballet flat footwear. Their products include flats and sandals...
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MidCap Financial announced it has provided $13.5 million in revolving debt financing to support the refinancing of Wood-Mode, Inc. - a custom cabinet manufacturer. The credit facility will provide for the ongoing working capital needs of Wood-Mode...
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North Mill Capital announced the funding of a $3.5 million accounts receivable and inventory revolving line of credit for Stern Companies, Inc. in Baxter, Minnesota.
The company specializes in custom plastic and rubber molding assemblies. The...
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February 01, 2017, 07:00 AM
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North Mill Capital provided a $4,750,000 total credit facility comprised of a $3,500,000 revolving line of credit and a $1,250,000 term loan & capital expenditure facility to a new client located in Wisconsin. The client is a manufacturer of...
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January 25, 2017, 07:12 AM
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North Mill Capital announced the funding of a $3MM asset based revolving credit facility for Advanced Extrusion. Advances on the accounts receivable and inventory refinanced their bank credit facility in full and provided excess working...
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January 17, 2017, 08:36 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $8 million senior credit facility to Arlington, Texas-based Lane Supply, Inc. Lane Supply designs, engineers, manufactures and installs metal structures...
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January 10, 2017, 08:00 AM
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Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Sole Lender for $14.5...
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January 10, 2017, 07:47 AM
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Essex Capital Group announced that the firm recently arranged a $3 million recapitalization for an industrial manufacturer that designs and manufactures PVC extrusions, located in the Southeastern U.S., including a $2.6 million asset-based loan...
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January 05, 2017, 08:00 AM
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Presidential Financial Corporation announced it has provided a $6.5 million working capital and term loan facility to Chicago Extruded Metals Company (CXM). Headquartered in Chicago, IL, CXM manufactures extruded shapes and small diameter rod and...
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January 04, 2017, 07:25 AM
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UCI International, LLC announced it has completed its financial restructuring and has officially completed its Chapter 11 reorganization. The Company is now owned by its former creditors led by funds and accounts under the management of Blackrock...
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January 03, 2017, 07:29 AM
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Main Street Capital Corporation announced that it recently led a new portfolio investment to facilitate the leveraged buyout of Clad-Rex Steel, LLC ("Clad-Rex" or the "Company"), a leading specialty manufacturer of vinyl-clad metal used in a variety...
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December 22, 2016, 07:06 AM
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LBC Credit Partners ("LBC") provided senior secured credit facilities to support the acquisition of AC&A, LLC (“AC&A”) by AE Industrial Partners, LLC. LBC Credit Partners served as Agent and Sole Lead Arranger for the senior secured credit facilities...
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December 20, 2016, 07:15 AM
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A U.S.-based manufacturer created a state-of-the-art mattress science that outperformed all the nationally advertised brands in a double-blind comfort test conducted by a world-renowned sleep expert from Stanford University. The product was initially...
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December 16, 2016, 07:20 AM
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Big Shoulders Capital (BSC), an asset-based lender, provided a $1.5 million term loan secured by machinery and equipment. Big Shoulders was able to refinance the company’s commercial bank term loans and provide additional funds for working capital...
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December 05, 2016, 07:33 AM
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The Middle Market Growth Program (MMGP), a joint venture by Antares and LStar Capital, announced today it has closed a senior secured unitranche credit facility to support the acquisition of Stanton Carpet Corporation by Quad-C...
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December 02, 2016, 07:22 AM
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Brown Gibbons Lang & Company (BGL) announced the sale of Independence Tube Corporation (ITC) to Nucor Corporation in a $435 million transaction. BGL's Metals team served as the exclusive financial advisor to ITC in the transaction. Independence...
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November 15, 2016, 07:17 AM
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Antares Capital announced it is serving as administrative agent, joint lead arranger and joint bookrunner of senior secured credit facilities to support the acquisition of Advanced Instruments by Windjammer Capital Investors.Founded in 1955 and...
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November 11, 2016, 07:11 AM
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Gibraltar Business Capital recently helped a growing manufacturing business access $3.5 million in immediate liquidity after the acquirer of its bank reduced funding options. This example showcases how alternative financing continues to successfully...
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November 03, 2016, 07:33 AM
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BlackArch announced the sale of LEE Industries, Inc. (“LEE” or the “Company”) to American Leather, a portfolio company of Capital Partners.Founded in 1969 and headquartered in Conover, North Carolina, LEE is a designer, manufacturer and distributor...
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October 14, 2016, 07:35 AM
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Graycliff Partners, an independent investment firm focusing on middle-market private equity and mezzanine investments, provided subordinated debt and equity financing to Dedoes Industries, a global leader in equipment for the automotive refinish...
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October 10, 2016, 07:39 AM
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Calgon Carbon Corporation announced the closing of a new $400 million syndicated credit facility. At closing, the facility was initially used to refinance existing debt under the company’s previous credit facility through the issuance of a seven-year...
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October 05, 2016, 07:18 AM
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Syncrolite, LLC, a leader in the large format entertainment systems industry, has retained Heritage Equity Partners (“HEP”) to seek an investor, partner or buyer for all or some of the company’s business lines. Founded in 1984, Syncrolite is a...
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September 26, 2016, 08:09 AM
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King Trade Capital announced the funding of a $1.2 million production finance facility for an equipment supplier to Samsung. A large national factoring company recently contacted King Trade Capital (“KTC”) regarding a prospect with a $3.5 million...
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September 22, 2016, 07:38 AM
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Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it served as Administrative Agent and Lead Arranger for a...
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September 21, 2016, 07:23 AM
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Photonic Capital, a leading LED lighting solution provider, has secured a $100 million debt facility from Bright Light Capital I, LLC a SPV funded and administered by Capstone Capital Group. This debt facility will be used to support the expansion...
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September 09, 2016, 07:36 AM
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Abacus Finance Group announced it served as administrative agent and sole lead arranger for senior secured credit facilities to support the investment in Vektek, LLC by LFM Capital Partners, LP and Vektek’s management team. Headquartered in St....
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August 25, 2016, 07:41 AM
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Continental Building Products, Inc., a leading manufacturer of wallboard and gypsum-based products, announced it has closed on the refinancing of its existing term loan and credit facility. The new borrowings consist of a $275 million senior secured...
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August 19, 2016, 07:13 AM
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Austin Financial Services, Inc. (AFS) recently funded a $6 million ABL credit facility comprised of an AR & Inventory revolver with an equipment term loan. The client, who has multiple locations throughout the country, is a manufacturer & distributor...
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August 16, 2016, 07:48 AM
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Aegis Business Credit announced the graduation of a manufacturer of specialty, high-capacity batteries after Aegis provided a $500,000 factoring facility. The additional working capital enabled the company to utilize updated technology to extend...
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August 11, 2016, 07:25 AM
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DS-Concept, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a medical device manufacturer in India. The client, exporting surgical blades, is...
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August 03, 2016, 07:13 AM
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Presidential Financial Corporation announced that it has provided a 10 million working capital and term loan facility to a Southeastern US industry leader that provides a complete line of equipment and services for storing, pumping, mixing, and...
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Austin Financial Services, Inc. recently funded a $1.4 million ABL credit facility comprised of an AR & Inventory revolver with a seasonal over-advance line to meet the company’s inventory purchasing needs. The company is a manufacturer and...
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Power Solutions International, Inc. ("PSI" or "the Company") announced the closing of a $135 million Senior Secured Credit Facility, consisting of a new $60 million term loan with TPG Specialty Lending, Inc. and affiliated funds managed by TSSP, a...
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Main Street Capital Corporation announced that it recently led a new portfolio investment to facilitate the leveraged buyout of Gamber-Johnson, LLC, a market leading provider of ruggedized mounting systems for law enforcement, public safety...
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Hawken Energy, Inc., a leading manufacturer of outdoor wood burning furnaces, has retained Heritage Equity Partners to seek an equity investor, joint venture partner, or buyer to allow the company to continue to fulfill its vision of providing...
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The PrivateBank, through its subsidiary, Midwest Industrial Redevelopment Fund, announced it provided $2.5 million in financing to Alco Products, LLC, in Detroit to increase production capacity and create new living-wage jobs.Alco Products received...
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Nelson Global Products, a leading manufacturer of aluminized tubes used in emissions, coolant, heating, air intake and muffler handling applications, recently obtained a $6 million customized lease line of credit to support the company’s growth...
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Finacity Corporation has successfully launched an IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. ("VCNA"). The transaction allows for up to $150 million in funding of the senior tranche from Wells...
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ExWorks Capital has provided a $3 million working capital facility to a producer of plastic moldings in order to fulfill new customer purchase orders for export and meet existing customer demands. This company is a U.S. manufacturer headquartered in...
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CBC Business Credit announced it has provided a $1 million asset-based loan to a rain gutter systems manufacturer. Headquartered in Northern California, this entrepreneurial manufacturer of rain gutter systems has received the Consumer Reports Seal...
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Norsk Titanium AS has closed a $10 million growth debt facility with Harbert European Growth Capital Fund I (HEGCF) as part of the company’s current aerospace production financing round.The funds will be used to further strengthen Norsk Titanium’s...
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North Mill Capital announced it has provided a $1.5 million accounts receivable financing facility and equipment term loan to a manufacturer of military vehicle parts. The Wisconsin-based company was in need of additional working capital. Funds were...
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Amerisource announced the closing and funding of a $250,000 new line of credit for an Upstate New York manufacturer of plastic injection molded parts for original equipment manufacturers. Proceeds of the facility were used to refinance their...
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GemCap funded a $7.5 million loan facility to a manufacturer and distributor of construction related equipment. The facility is secured by inventory and accounts receivables. “GemCap provides quick funding decisions and flexibility - we ensured...
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Amerisource announced the closing and funding of a $1.25 million credit facility for a parts manufacturer in the oil & gas industry in Nevada. Proceeds of the credit facility were used to refinance the company’s existing bank debt and to provide...
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IntriCon Corporation, a designer, developer, manufacturer and distributor of miniature and micro-miniature body-worn devices, announced that it has amended its credit facilities with The PrivateBank.Highlights of the amendment include:
Increasing...
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Chicago-based Concord Financial Advisors announced it has secured a $20 million senior secured revolving line of credit and a $6 million term loan for Hufcor, Inc. located in Janesville, WI. Hufcor is a leading, global manufacturer and distributor...
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Bibby Financial Services Canada announces a successful working partnership with Alberta-based grill-maker Dansons. The company engaged with Bibby Financial Services (BFS) after its bank ended its partnership during the last financial recession. Due...
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Alcentra Capital Corporation announced that it has provided $12.9 million of debt financing as well as an equity investment alongside DFW Capital Partners and the management of Superior Controls, Inc.Founded in 1993 and headquartered in Seabrook, NH...
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The Goodyear Tire & Rubber Company announced that it has refinanced its $2 billion asset-based revolving credit facility, including extending the maturity five years to 2021 and reducing the interest rate for loans under the facility by 25 basis...
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Butler Gear Company, Inc. has retained Heritage Equity Partners (“HEP”) to seek a buyer for the 55 year old gear manufacturing business in Butler, WI. Located just outside of North-West Milwaukee, Butler Gear manufactures a wide variety of standard...
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Gibraltar Business Capital recently closed a new $4 asset-based line of credit to a manufacturer of solar inverters primarily for industrial/commercial use. The company is a global corporation which has recently established operations in San Antonio...
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TAB Bank provided a $3 million revolving credit facility for a collaborative services company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The...
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Levine Leichtman Capital Partners has completed the acquisition of Brass Smith Innovations, LLC ("BSI" or the "Company"). BSI is the leading manufacturer of innovative food guards, counters, cold pans, heated merchandisers, floor troughs, and custom...
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Lighthouse Financial provided a $3 million revolving line of credit and a $300,000 term loan to a TN based manufacturer of industrial and musical instrument wire. With over a 100-year history spanning four generations, the company is widely...
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Blissfield Manufacturing (“Blissfield” or “the Company”), a metal fabrication and distribution company, has retained Heritage Equity Partners (“HEP”) to seek debt or equity financing, a joint venture partner, or a buyer for some or all of their...
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction. Presidential provided a $7.5 million line of credit to an IT design manufacturer in...
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Diamond Business Credit announced that it recently funded a $500,000 line of credit to a mid-Atlantic manufacturer of video surveillance equipment. The company experienced losses as it retooled for a product upgrade. The good news was that the...
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Essex Capital Group, Inc. announced the firm recently arranged a $19,175,000 balance sheet recapitalization for an industrial metal fabricator located in the Southeastern United States. The new financing package, offered by two leading specialty...
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February 17, 2016, 07:48 AM
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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a sporting goods and accessories manufacturer in Pakistan. The client...
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February 11, 2016, 07:40 AM
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BlackArch Partners announced the sale of General Ecology, Inc. (“General Ecology” or the “Company”) to Loar Group, Inc., a portfolio company of JLL Partners.
General Ecology, headquartered in Exton, PA, is a developer and producer of advanced, point...
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February 02, 2016, 07:21 AM
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A Michigan-based precision parts manufacturer was restructuring its balance sheet and raising additional capital. It was seeking a new lender that could help them leverage their balance sheet assets and provide a working capital line to complete...
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February 01, 2016, 07:36 AM
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A Michigan-based precision parts manufacturer was restructuring its balance sheet and raising additional capital. It was seeking a new lender that could help them leverage their balance sheet assets and provide a working capital line to complete...
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January 26, 2016, 07:00 AM
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Phoenix Capital Resources, a leading middle-market situations investment bank, acted as the exclusive financial advisor and investment banker to Polymeric Resources Corporation in arranging, structuring and negotiating a refinancing of $47 million...
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January 11, 2016, 08:01 AM
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Bibby Financial Services Canada announces a $2.5 million asset-based loan provided to the continent’s largest manufacturer of office security containers. The company has provided high-quality products since its inception in 2003 and has four...
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January 06, 2016, 07:07 AM
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Bibby Financial Services announces a $4 million revolving line of credit for a major manufacturer of skin care devices and personal care products. The company is a leader in cutting edge beauty solutions, high-tech devices and treatments designed for...
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December 22, 2015, 07:44 AM
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Gibraltar Industries, Inc. has closed on a new $300 million five-year revolving credit facility. The new facility replaces a $200 million secured revolving credit agreement due to mature in October 2016. Subject to certain conditions, Gibraltar also...
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December 11, 2015, 07:53 AM
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AirBoss of America Corp. has successfully amended its senior secured credit facilities to, among other things, increase the availability to approximately US$138 million, extend the maturity of the facilities and increase flexibility under the...
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December 11, 2015, 07:09 AM
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PNC Bank, N.A announced the closing of an $8.9 million asset-based revolver and term loan facility for Bright Plastics Inc. Based in Greensboro, North Carolina, the company will use the funds to refinance existing debt and for working capital.Bright...
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November 24, 2015, 07:50 AM
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Concord Financial Advisors, LLC announced the closing of a $5 million senior secured revolving line of credit for Concrete Structures of the Midwest, Inc. located in West Chicago, IL. The company specializes in cast-in-place concrete construction and...
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November 19, 2015, 07:47 AM
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Versant Funding recently closed a $2.25 million factoring facility for an electronics manufacturer. Versant's non-recourse factoring facility will allow the company to focus on fulfilling its multi-million dollar purchase orders without having to...
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November 18, 2015, 07:12 AM
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Access Capital closed a credit facility in the amount of $1,750,000 to a New Jersey based company. The new borrower is a family-owned business and a manufacturer of hot stamping foils, holographic diffraction patterns, and holograms. The company's...
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November 13, 2015, 07:00 AM
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Access Capital closed a credit facility in the amount of $1.75 million to a New Jersey based company. The new borrower is a family-owned business and a manufacturer of hot stamping foils, holographic diffraction patterns, and holograms. The...
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November 09, 2015, 07:26 AM
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Maranon Capital, L.P. announced that it was lead arranger and administrative agent for a group of lenders that provided second lien debt, mezzanine debt, and an equity co-investment to support the purchase of California Products Corporation (“CPC”)...
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November 06, 2015, 07:02 AM
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GemCap has funded a $2.5 million loan facility to a designer and manufacturer of telescopes, binoculars, microscopes, and other scientific equipment. The facility is secured by inventory. “We are pleased to have been able to provide our borrower...
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November 03, 2015, 07:09 AM
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Lighthouse Financial Corp. announced it has provided a $2 million revolving line of credit and a $150,000 term loan to a Tennessee based manufacturer of specialty textiles. Since 1982, the company has been manufacturing flame resistant, cut...
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November 03, 2015, 07:03 AM
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CapX Partners announced today their closing of a lease facility to support the growth needs of JD Norman Industries, a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United...
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October 23, 2015, 07:44 AM
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Morgenthaler Private Equity ("MPE") announced the recapitalization of Trachte, Inc., a leading manufacturer of preassembled and modularized control buildings. The company's custom buildings house critical electrical components that control and...
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October 19, 2015, 07:53 AM
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Growth in the U.S. furniture industry continues to outpace the U.S. economy, due in large part to strong performances in bedroom and dining room furnishing sales. While housing continues to improve and discretionary spending increases, the sector...
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October 16, 2015, 07:36 AM
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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a components manufacturer in Germany. The client, a manufacturer of...
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October 13, 2015, 07:43 AM
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TAB Bank announced it has provided an $800 thousand credit facility for a healthcare equipment manufacturing company located in Florida. The facility is based on accounts receivable and inventory and will fund the company’s ongoing working capital...
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October 12, 2015, 07:53 AM
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Lignetics, Inc. announced the acquisition of the assets of GF Funding LLC (whose facility was formerly known as Geneva Wood Fuels), expanding its footprint into Maine and upper New England. Lignetics is the largest residential wood pellet...
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September 28, 2015, 07:19 AM
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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a components manufacturer in Germany. The client, a manufacturer of...
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September 25, 2015, 07:22 AM
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Versant Funding recently closed a $1 million factoring facility for a toy manufacturer based in New England. The company had an immediate need for cash to pay a key supplier otherwise they would be unable to meet their shipping deadline on several...
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September 18, 2015, 07:02 AM
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TAB Bank announced it has provided a $750 thousand asset-based credit facility for a uniform manufacturing company located in the western United States. The facility is extended through a multi-year agreement and will provide for the ongoing working...
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September 17, 2015, 07:44 AM
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US Capital Partners Inc. has advised on a $6.5 million intellectual property term loan for CAO Group, Inc. (“CAO”), based in West Jordan, UT. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt...
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September 16, 2015, 07:24 AM
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Maranon Capital, L.P. announced the completion of a mezzanine investment to support the acquisition of Action Fabricators, Inc. by River Associates Investments, LLC. Maranon also co-invested in the equity alongside River Associates.Action Fab is a...
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September 10, 2015, 07:13 AM
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Main Street Capital Corporation recently led a new portfolio investment totaling $25.0 million of invested capital to facilitate the recapitalization of M.H. Corbin, Inc., with Main Street funding $20.0 million of the investment. Main Street's...
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September 09, 2015, 07:11 AM
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The PrivateBank announced it has extended a $16.25 million credit facility to Continental Casting L.L.C., a manufacturer of standard and special order parts and dies headquartered in Monroe City, Mo.The PrivateBank is a part of PrivateBancorp, Inc....
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September 03, 2015, 07:00 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a manufacturer of specialty robotics in the medical field. The company had experienced recent losses and accumulated a deficit net worth as it retooled for a new...
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August 20, 2015, 07:08 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announce it provided a $5.5 million line of credit was extended to an adhesive manufacturer in Texas. Founded in 1981, Presidential has a long...
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August 19, 2015, 07:45 AM
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Alliance Laundry Systems announced today that BDT Capital Partners, LLC, ("BDT") through its investment funds, has agreed to acquire a majority interest in the company from Ontario Teachers' Pension Plan ("Teachers'"). Teachers' is expected to...
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August 07, 2015, 07:58 AM
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Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, and Silicon Valley Bank announced the closing of a credit facility, including a $13.5 million senior secured term loan and a $1.5...
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BMO Harris Bank’s Sponsor Finance group, a leading provider of middle-market leveraged finance solutions, announced it was joint lead arranger, joint bookrunner and administrative agent for $42.4 million in senior credit facilities to Tapp Label...
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H-D Advanced Manufacturing Company, a manufacturer of highly engineered, mission-critical components, has acquired Firstmark Corp., of Richmond, VA, through a cash merger. All Firstmark shares have been converted to a right to receive $9.66 per share...
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TriMas Corporation – a diversified global manufacturer of engineered and applied products – announced the closing of an amendment to its existing credit facilities in conjunction with the recent spin-off of its Cequent businesses. The amended credit...
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction. A $10 million line of credit was extended to a wholesale manufacturer in New York....
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Diamond Business credit is pleased to announce that it recently funded a $50,000 line of credit to a start-up painting company specializing in property restoration projects. The extensive snow and water damage experienced this winter transformed...
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King Trade Capital announced the completion of a $750,000 production financing facility for a Texas based manufacturer. The company historically had manufactured customized uniforms for a major commercial customer that made up the bulk of their...
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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $5 million non-recourse export factoring facility to an automobile parts manufacturer in China. The client, exporting to...
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Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner, it provided a GOLD financing to support the refinancing of Whitcraft LLC by Linsalata Capital Partners. GOLD financings are Golub Capital's One-Loan Debt...
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BlackArch Partners announcedthe sale of Point Blank Holding Corp., an affiliated portfolio company of Sun Capital Partners, Inc. to JLL Partners, Inc. Point Blank, headquartered in Pompano Beach, FL, is the worldwide leader in the development and...
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A high end woodworking millwork firm was seeking to obtain financing to purchase the assets of the company from its senior lender. The company had been negatively impacted by a fire and fraud by a former partner and was experiencing tight liquidity....
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction. A line of credit, in the amount of $6 million, was extended to an audio electronics manufacturer in...
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American Capita has invested $21.5 million in Electronic Warfare Associates, Inc., a leading provider of electronic warfare, cyber security and advanced commercial test tool systems and solutions to the United States and allied-nation government...
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Diamond Business Credit provided a $200,000 line of credit to a designer, manufacturer and installer of specialty fill products.After considering a traditional factoring relationship that would have meant intrusive and uncertain contacts with the...
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Hydrogenics Corporation, a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that it has entered into a binding agreement with a syndicate of lenders led by Cinnamon Investments Limited for an...
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Vestar Capital Partners, Brockway Moran & Partners and CHS Capital announced that Vestar has signed a definitive agreement to acquire Woodstream, a leading manufacturer and marketer of branded pest and animal control as well as lawn and garden...
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Worthington Industries, Inc. has amended its five-year, revolving credit facility, increasing the commitments under the facility by $75.0 million, to a total of $500.0 million. The final maturity of the credit facility was also extended by three...
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Raven Industries, Inc. entered into a new five-year $125 million senior unsecured multi-currency revolving credit facility.The new syndicated credit facility replaces the Company's existing credit agreement. J.P. Morgan Securities LLC and Wells Fargo...
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Praesidian Capital, a leading provider of senior and subordinated capital for small and mid-sized businesses, announced today that it is investing $11.4 million in first-lien debt in Aquasana, Inc., a Texas-based provider of residential water...
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Headwaters Incorporated, a building products company dedicated to improving lives through innovative advancements in construction materials, announced that it has entered into a new seven-year $425 million senior secured term loan B facility ("Term...
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Citizens Bank has arranged financing for Buffalo, N.Y.-based Graphic Controls to acquire Bellows Falls-based Vermed, Inc. Graphic Controls is a leading supplier of consumable products for industrial, medical and gaming markets with manufacturing...
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For decades, U.S. companies have turned to Asian markets to manufacture goods because of the cost benefits. According to the most recent data collected by the Bureau of Labor Statistics, in 2009 the hourly cost of compensation in China’s...
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February 17, 2015, 07:12 AM
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Nautic Partners, LLC (“Nautic”) announced that it has partnered with management to acquire IPS Corporation. IPS is a global provider of solvent cements, specialty plumbing products and specialty adhesives. Terms of the transaction were not disclosed....
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February 10, 2015, 07:46 AM
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Colt Defense LLC announced it has entered into a new senior secured term loan facility with Cortland Capital Market Services LLC, as agent, and certain lender parties thereto. The Cortland Facility provides for a term loan of $33 million, which...
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February 10, 2015, 07:07 AM
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Yelton Capital Network, LLC has arranged a $1 million inventory financing facility for a manufacturer of outdoor playground equipment. The company needed to obtain new financing for their inventory-heavy retail and distribution business. The company...
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February 05, 2015, 07:16 AM
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Monroe Capital LLC announced an increase in the credit facility to Data Physics Corporation to support the addition of Lansmont Corporation and Team Corporation. Both companies will join Data Physics, a portfolio company of Battery Ventures, as...
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February 04, 2015, 07:47 AM
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Fallbrook Technologies, inventor of the NuVinci continuously variable planetary (CVP) transmission technology, announced today that it has successfully closed a refinancing of its previous $25 million debt facility with a new facility arranged...
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February 03, 2015, 07:47 AM
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Allied Affiliated Funding announced the following recently closed transaction:
A $250,000 receivables line for a California-based 3D printer manufacturer. This Funding By Allied enabled this relatively new business to fulfill their existing orders...
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January 20, 2015, 07:31 AM
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Crossroads Financial announced it has provided a $4 million purchase order financing facility for the benefit of a manufacturer and distributor of electronic components used in aircraft systems. Faced with a large increase in order volume from three...
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January 19, 2015, 08:08 AM
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CIT Group Inc., a leading provider of commercial lending and leasing services, announced that it served as lead arranger and administrative agent for a senior secured credit facility for Winchester Electronics Corp. (Winchester), a portfolio company...
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January 07, 2015, 07:16 AM
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CapX Partners closed on a $3 million senior term loan to Acumentrics to support the company's growth needs.Based in Westwood, MA, Acumentrics is a leader in AC and DC uninterruptible power supplies for military and industrial power conditioning...
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January 07, 2015, 07:08 AM
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BMO Harris Bank’s Sponsor Finance group, a leading provider of middle-market leveraged finance solutions, announced it was syndication agent for Summit Research Labs, Inc. (d.b.a. Summit Reheis), a One Rock Capital Partners portfolio company. Summit...
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December 22, 2014, 08:06 AM
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Main Street Capital Corporation announced it recently led a new portfolio investment totaling $45 million of invested capital to facilitate the purchase of the assets of Garlock Rubber Technologies ("GRT" or the "Company"), a division of a subsidiary...
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December 22, 2014, 07:13 AM
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CapX Partners closed on a $5.5 million mezzanine debt loan to GRO-WELL Brands Inc. to support the company's growth needs.Since 1855, the GRO-WELL name has been trusted by homeowners and gardeners for the finest in all-natural and organic lawn and...
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December 11, 2014, 07:34 AM
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Trex Company, Inc. completed an amendment to its senior secured credit facility. The amended cash flow lending facility, obtained through Branch, Banking and Trust Company (BB&T), Citibank, N.A. and Bank of America, N.A., is a seasonal facility...
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November 26, 2014, 08:02 AM
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Essex Capital Group announced the closing of a $3.15 million balance sheet recapitalization for a privately-held industrial manufacturing company. As a part of the restructuring, Essex was successful in arranging a comprehensive solution that...
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November 20, 2014, 07:12 AM
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First Capital, a specialized commercial finance company, announced that it has provided a $15 million asset-based senior credit facility to a manufacturer and distributor of household furnishings. The senior credit facility consists of a $15 million...
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November 19, 2014, 07:31 AM
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Colt Defense LLC. has entered into a new $70 million senior secured term loan facility with Morgan Stanley Senior Funding Inc. Proceeds from the MS Facility will be used to repay all amounts outstanding under the company’s existing term loan...
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November 18, 2014, 09:27 AM
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TAB Bank announced it has provided a $4 million Flex Asset-Based credit facility for a manufacturing company located in California. The company is a manufacturer and supplier of imaging support products and accessories for wholesale and retail image...
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November 05, 2014, 07:39 AM
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Chart Industries, Inc. has amended its senior secured credit facility. The amendment combines the company's prior term loan and revolving credit facility into a single revolving credit facility and increases it by $150 million, up to $450 million...
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October 30, 2014, 07:23 AM
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Bibby Financial Services announced today that it has funded a $1 million recourse factoring facility for a British Columbia-based manufacturer.The business, founded in 1979, is Canada's largest maker of portable, modular and custom tradeshow exhibits...
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October 23, 2014, 07:43 AM
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Main Street Capital Corporation announced it recently led a financing totaling $12 million of invested capital in East West Copolymer & Rubber, LLC ("East West") to support East West's working capital and expansion needs. The financing consisted of...
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October 22, 2014, 08:00 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it has provided a $7.37 million senior credit facility for Wexco Incorporated and its operating subsidiaries, Fox Pool Corporation and Marquis Corp.“We are happy to partner with MB...
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October 16, 2014, 07:47 AM
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Essex Capital Group, Inc. announced the closing of a $6.75 millon debt recapitalization for Century Everglades, LLC, a privately-held building products manufacturer and distributor based in Homestead, Florida. As a part of the restructuring, Essex...
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October 08, 2014, 07:17 AM
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GemCap has funded a $9.8 million term loan to a manufacturer of machined components for commercial and military aerospace programs."The facility was used to refinance the company's existing term loan and provide additional working capital needed to...
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September 30, 2014, 07:23 AM
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Integrated Electrical Services, Inc. (or "IES") announced that it has amended its Credit and Security Agreement (the "Amended Facility") with Wells Fargo Capital Finance. The Amended Facility expands the maximum revolver amount from $30 million to...
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September 25, 2014, 07:54 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction.Presidential provided a $3 million Accounts Receivable and Inventory credit facility has...
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September 23, 2014, 07:15 AM
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TriMas Corporation announced that it entered into an agreement to acquire Allfast Fastening Systems, Inc. (Allfast) for approximately $360 million. Upon closure of the transaction, Allfast will become part of the Company’s Aerospace segment, formerly...
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September 22, 2014, 08:03 AM
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Golub Capital announced today that as Sole Bookrunner, Sole Lead Arranger and Administrative Agent it provided a GOLD financing to support the acquisition of Chase Doors ("the Company") by Audax Group ("Audax"). GOLD financings are Golub Capital's...
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September 19, 2014, 07:21 AM
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First Capital announced that it has provided a $7 million asset-based senior credit facility to a manufacturer of stand-up paddleboards and surf accessories. The senior credit facility consists of a $7 million working capital revolver collateralized...
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September 18, 2014, 06:09 AM
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GE Antares, a unit of GE Capital, served as administrative agent on a $170 million U.S. credit facility and $10 million Canadian credit facility supporting the acquisition of Innovative XCessories & Services, LLC (“IXS”) by Olympus Partners. GE...
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September 18, 2014, 06:01 AM
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U.S. Concrete, Inc. announced the company and certain of its subsidiaries, as guarantors, entered into a second amendment (the "Second Amendment") to that certain First Amended and Restated Loan and Security Agreement (as amended, the "Loan...
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September 15, 2014, 07:47 AM
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Yelton Capital Network announced it arranged a $3 million asset-based revolving credit facility for a Southeast based manufacturer of outdoor products. The company had outgrown its bank line and needed capital for growth and expansion. The company...
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September 15, 2014, 07:32 AM
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Ridgemont Equity Partners, a middle-market buyout and growth equity investor, announced the closing of a majority equity investment in Abrasive Products & Equipment (“AP&E” or “the company”), a leading, value-added specialty distributor of surface...
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September 08, 2014, 07:58 AM
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Crystal Financial LLC, an independent commercial finance company, announced the closing of a $30.0 million Senior Term Loan for Brake Parts Inc LLC (“BPI”). Headquartered in Illinois, BPI is a leading provider of brake parts and systems for the...
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September 03, 2014, 07:33 AM
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Marquette Business Credit announced it recently provided Augusta Coating & Manufacturing credit facilities totaling $6.525 million. The facility's combined structured includes a revolving line of credit, equipment term loan, real estate loan, and...
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August 27, 2014, 07:39 AM
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Terex Corporation announced that it has refinanced its existing senior secured credit facility with a new $1.1 billion senior secured credit facility. The new facility is comprised of a revolving line of credit of $600 million, a $230 million term...
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August 14, 2014, 07:13 AM
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First Capital provided an $8 million asset-based credit facility to Geneva Pipe and Precast, a manufacturer of concrete pipe and concrete cast solutions. The senior credit facility consists of a $4.5 million working capital revolver secured by...
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August 13, 2014, 07:48 AM
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Utica Leaseco, LLC announced the completion of a refinance and new secured loan transaction in the amount of $4,100,000.00 during the first week of August, 2014. Utica closed and funded the refinance and secured loan for a steel stud manufacturer ...
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August 11, 2014, 06:48 AM
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Ferro Corporation announced it has made significant progress on its previously disclosed refinancing. The company has entered into new senior secured credit facilities ("Credit Facilities") in an aggregate amount of $500 million, consisting of a...
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August 01, 2014, 07:24 AM
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Square 1 Bank announced that it has provided a $2 million debt facility to new client Novasentis, a leading developer of haptic actuators and sensory technology. Proceeds of the credit facility will support the company's continued growth and...
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Bibby Financial Services announced it has funded a $750,000 factoring facility for a British Columbia-based manufacturer. The company, founded in 2006, designs and internationally manufactures high-end bathware, including bathtubs, sinks, tapware...
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GemCap announced the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies. The facility is comprised of a term loan secured by machinery and equipment and a revolver against account receivables and...
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With funding completed this week, Legacy Electronics announced a new partnership with Gibraltar Business Capital for a new Legacy line of credit that will help fund the company’s planned growth and an expansion of the memory module and computer...
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CIT Group Inc. arranged a senior secured credit facility to support Levine Leichtman Capital Partners’ acquisition of Syntron Material Handling, LLC, a manufacturer of conveying and vibratory equipment used to load, transport and feed bulk...
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North Mill Capital announced the funding of a $5 million accounts receivable and inventory credit facility and a $1 million term loan to a designer and manufacturer of medical instruments located in New Jersey. Funds were used to pay out current...
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A Michigan-based manufacturer of polyethylene products had expanded sales rapidly with mixed bottom line results. The firm’s bank became uncomfortable with the growth and was reluctant to expand their credit line.
Mackinac was called in and met with...
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OSI Systems, Inc. has entered into an amendment to its credit facility that increases the amount available to $450 million. The amendment extends the maturity from November 2016 to May 2019 and increases the flexibility of certain restrictive...
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Deloitte Corporate Finance LLC ("DCF") acted as the exclusive financial advisor to Dallas-based MultiCam, Inc., a portfolio company of Blue Sage Capital ("Blue Sage"), in its recapitalization with Rosewood Private Investments ("Rosewood"). MultiCam...
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King Trade Capital (KTC) announed the recent funding of a $1 million government contract finance facility for a New Jersey-based manufacturer of customized emergency and surveillance vehicles.A finance consultant introduced KTC to an operating team...
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Reichhold, Inc. and Reichhold Industries Limited have replaced their North American senior secured revolving facility with a new $70 million Delayed Draw Term Loan Facility provided by funds managed by Oaktree Capital Management, L.P. Bank of America...
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BMO Harris Bank’s Sponsor Finance group, a leading provider of middle-market leveraged finance solutions, announced it was joint lead arranger, joint bookrunner and co-syndication agent for the $226 million senior credit facilities to support the...
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Amerisource announced that it closed and funded a $2 million credit facility for a manufacturer of fire-resistant textiles and plastics based in North Carolina. Proceeds of the facility were used for ongoing working capital needs. The company’s...
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Crossroads Financial announced that it has provided a $750,000 inventory financing facility and a $500,000 purchase order financing facility for the benefit of a manufacturer and wholesale- distributor of jewelry. The company, needing to exit an...
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Libbey Inc. announced that its wholly owned subsidiary Libbey Glass Inc. has entered into a $440 million senior secured term loan B facility with a maturity date of April 9, 2021. The Term Loan B Facility will bear interest at a rate of LIBOR plus...
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Access Capital has provided a credit facility of $2.75 million to a family owned New Jersey-based manufacturer, filler and packager of consumer products serving customers that are leading brands in the retail, health & beauty aid, and cosmetic...
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Amerisource announced that it closed and funded a $300,000 factoring facility for a manufacturer of parts for the auto, aerospace and firearms industries. The client is based in North Carolina, and proceeds of the facility were used to refinance...
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A fishing tackle manufacturing company located in the Southeast has chosen TAB Bank for a $750 thousand revolving credit facility. The company manufactures and distributes many types of lures including spinner baits, buzz baits, jig heads, balsa...
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Gerber Finance Inc. announced the funding of a $1.3 million equipment facility to Rocky Mountain Joinery Center LLC.
Rocky Mountain Joinery Company provides full-service design and fabrication to the timber frame and construction industry at...
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February 25, 2014, 07:07 AM
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Siena Lending Group announced the completion of a $5.3 million senior secured revolving credit facility for DiCicco Concrete Products, Great Lakes Underground Supply, LLC and Kieft Bros., Inc. The credit facilities are being used to refinance...
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February 19, 2014, 07:53 AM
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Diamond Business Credit is pleased to announce that it recently funded a $100,000 line of credit to a start-up New England based manufacturer and contract assembly company.
The founder of this business worked for many years for a similar business...
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February 14, 2014, 07:14 AM
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Concord Financial advised on the folloing transaction:
A specialized, electronic, contract Manufacturer was seeking to refinance its existing senior credit facilities. The company was underserved by its current Bank who was not providing sufficient...
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February 05, 2014, 07:06 AM
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BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was joint lead arranger, joint bookrunner and is administrative agent for $72 million in senior credit facilities to Interflex ...
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January 30, 2014, 07:19 AM
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DS-Concept Factoring, provided a $20 million accounts receivable facility to a Dutch packaging manufacturer. As the client has operations in The Netherlands and United States and sells internationally, Euro, US Dollar, and GBP pound sterling...
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January 24, 2014, 07:16 AM
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Ad Funding Solutions announced it has completed contract negotiations to supply Noca Instrument LLC with $12 million dollars in national advertising campaign funding.
Headquartered in Houston, Noca Instrument LLC is a division of Noca Instrument Ltd...
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December 31, 2013, 07:17 AM
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Wabtec Corporation has amended and increased its existing revolving credit facility to $800 million and extended the facility's maturity date by two years. The revised facility, which has a five-year term, provides the company with increased...
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December 23, 2013, 07:18 AM
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Arrow Electronics, Inc. announced that the company has amended its credit facility, extending its maturity to December 2018 and its capacity to $1.5 billion. The credit facility previously matured in August 2016 and totaled $1.2 billion. An SEC 8-K...
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December 19, 2013, 07:48 AM
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Mackinac Commercial Credit has funded a $2 million accounts receivable and inventory line of credit to a Michigan based-die caster.
The facility created additional availability for the die caster to fund new sales which will return the firm to...
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December 16, 2013, 07:11 AM
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Dayco, LLC, a leading global engine management technologies supplier for the aftermarket, light vehicle and commercial vehicle industries, today announced that it has completed certain refinancing transactions through its subsidiaries, including a...
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December 13, 2013, 07:40 AM
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XL Hybrids, Inc., developer of a low-cost hybrid electric powertrain designed specifically for class 1 to 4 commercial fleet vehicles, today announced that it has raised $3 million in a pre-Series C debt financing round from WindSail Capital Group....
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December 12, 2013, 07:18 AM
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Gibraltar Business Capital, a leading commercial finance company that provides small- to medium-sized businesses with flexible capital alternatives announced it has closed a revolving line of credit for EcoSMART Technologies, Inc., the leading...
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December 11, 2013, 07:36 AM
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Amerisource announced the closing and funding of a $500,000 facility for a textiles manufacturing firm headquartered in North Carolina. Proceeds of the facility were used to refinance existing bank debt and provide additional working capital to...
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December 10, 2013, 07:21 AM
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A Midwest locomotive manufacturer was seeking to refinance its existing senior credit facilities and derive additional working capital. The company was under served by the incumbent bank who was not providing sufficient liquidity. Additionally, the...
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December 09, 2013, 06:57 AM
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ProPhotonix Limited, a designer and manufacturer of LED illumination systems, laser diode modules and a laser diode distributor with operations in Ireland and the U.K., announced the entered into an expanded working capital credit facility with...
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December 04, 2013, 07:19 AM
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Leading yearbook and scholastic affinity company, Jostens, Inc., and American Achievement Group Holding Corp. jointly announced that they have signed a definitive agreement under which Jostens will acquire American Achievement, a premier provider of...
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November 20, 2013, 07:46 AM
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CapX Partners assisted professional cleaning substrates manufacturer R. R. Street reduce their finance cost with a $2.8 million subordinated loan. R.R. Street & Co., also known as Street’s, is one of the largest manufacturers of dry cleaning process...
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November 15, 2013, 07:37 AM
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T3 Motion, Inc., a leading provider of EV technology to commercial, consumer, law-enforcement and government markets, announced the limits of its revolving line of credit have been increased by an additional $250,000 by two of its primary...
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October 25, 2013, 07:34 AM
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Capital Business Credit (CBC) announced it has provided Benada Aluminum Products, LLC (Benada) with a $5 million asset-based loan facility. Benada manufactures aluminum products for the commercial and housing sectors. The company recently emerged...
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October 09, 2013, 09:03 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a metal fabrication shop. The midwestern company was in the midst of a successful turnaround when its existing working capital lender exited the small deal...
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October 08, 2013, 07:12 AM
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Veritas Financial Partners & Midland American Capital announced the firms provided a $3 million credit line to a manufacuter of home furnishings. The company is a southeastern based manufacturer of decorative home furnishings and specializes in...
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October 04, 2013, 07:28 AM
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Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, has amended the Senior Secured Credit Facility with J.P. Morgan Securities Inc. as administrative agent and 21 lenders to increase the size of the...
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October 01, 2013, 07:59 AM
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Ingersoll-Rand announced that its indirect, wholly owned subsidiary, Allegion US Holding Company Inc. (“Allegion Holdings”) has completed an offering of 5.75 percent senior notes in the aggregate principal amount of $300 million maturing in 2021 (the...
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September 30, 2013, 07:43 AM
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Phoenix Capital Resources acted as the exclusive investment banker to a leading undisclosed North American manufacturer and compounder of Nylon 6, Nylon 6/66, Nylon 6/9, specialty nylons, polycarbonate and other polymer products (the “Company”). The...
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September 24, 2013, 08:02 AM
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Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $17 million facility for General Products Corporation. The company, located in Livonia, Michigan, is a supplier of highly-engineered and precision machined...
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September 17, 2013, 07:31 AM
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Amerisource announced that its ABL division, Amerisource Business Capital, closed and funded a $500,000 revolving ABL facility for Universal Premier Electronics LP. Proceeds of the facility were used to pay off the company’s existing bank debt and to...
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September 05, 2013, 07:22 AM
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CapX Partners announced it provided a subordinated loan to Color Communications Inc. CapX partnered on the debt capitalization with a new mid-seven-figure subordinated junior secured loan, citing the company’s continued financial performance...
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August 20, 2013, 07:29 AM
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Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $15 million facility for Betty Machine Company, Inc., based in Hendersonville, TN. In business for more than 65 years, the company manufactures...
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August 15, 2013, 07:58 AM
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Universal Trailer Corporation, one of the nation’s largest trailer manufacturers, has entered into an arrangement with Wells Fargo Bank that extends its financing line five years through 2018. The announcement was made by the Board of Directors of...
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August 13, 2013, 07:07 AM
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RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry, announced it has completed the acquisition of Santa Cruz Nutritionals (SCN) from Levine Leichtman Capital Partners. SCN, founded...
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Triangle Capital Corporation closed a $10 million second lien term loan in Water Pik, Inc. Water Pik is a leading innovator, marketer and supplier of branded oral health and replacement showerhead products.Triangle Capital Corporation invests capital...
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Optimism among U.S. industrial manufacturers regarding the domestic economic outlook rose to 63 percent during the second quarter of 2013, up from 55 percent in the first quarter and representing the highest level since the first quarter of 2012...
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Veritas Financial Partners provided a $13 million funding solution in connection with a broader refinancing of a nylon products manufacturer's current revolving credit line. The total transaction was $43 million, of which Veritas provided a $13...
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Star Funding announced that it has provided a $1 million financing to a growing manufacturer of children’s apparel. The facility will be used to provide accounts receivable financing, and provide purchase order financing; whereby Star purchases...
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First Capital announced it has provided a $2.295 million credit facility to Acme Machell Company, a manufacturer of specialty rubber molded products. The senior credit facility consists of a $2 million working capital revolver collateralized by...
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Star Funding announced that it has provided a $4 million financing to a start-up manufacturer and distributor footwear and leather accessories. The financing facility will provide finished goods and work-in-process purchase order financing, as well...
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Woodward, Inc. entered into a new revolving credit agreement which replaces the previous revolving credit facility, and has an increased size and extended maturity compared to the previous facility. The new facility matures in five years, on July 10...
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Hexcel Corporation announced the successful consummation of a new $600 million senior secured revolving credit facility that will mature in five years. The new facility replaces the company’s previous senior secured credit facility ($82.5 million...
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Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent, issuing lender and swing line lender in connection with the second amendment and restatement of its existing $150 million asset-based revolving credit facility for Tower Automotive...
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CIT Group Inc. provided a senior secured credit facility to Aquilex LLC, the parent company of Aquilex HydroChem, a leading provider of industrial cleaning solutions to the petrochemical, refinery, power, and pulp and paper markets. Aquilex LLC is...
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Golden Gate Capital has successfully completed its acquisition of Springs Window Fashions, the second largest provider of custom window covering products in the world, from Heartland Industrial Partners and interests of the Close Family.BofA Merrill...
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First Capital, a specialized commercial finance company, announced that it has provided $16.25 million asset-based senior credit facility to a manufacturer of uniforms and other work apparel. The senior credit facility consists of a $15 million...
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Business Capital has secured a $1.5 million mezzanine debt financing facility for a company primarily known for its extensive line of patented, high-end fitness accessories which it manufactures and distributes. In addition to high-performance gloves...
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Bibby Financial Services announced today it has provided a manufacturer of composite materials for floors, desks and fences with a $3.25 million factoring facility.
The business was growing quickly due to the popularity of its patented sub floor...
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Jaclyn, Inc. entered into an extension of its revolving credit facility with TD Bank, N.A., as agent and a lender, and Israel Discount Bank of New York, as a lender. The term of the credit facility has been extended until November 30, 2015 and...
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Corcord Financial announced it arranged a $15.6 million senior credit facility for a point-of-sale manufacturer that designs and manufactures fixtures and point-of-sale products for leading national retail chains. The company had a credit facility...
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MiMedx Group, Inc. announced it has secured a revolving line of credit with Bank of America. The revolving line of credit facility, which is secured by the company's accounts receivable and inventory, allows MiMedx to borrow up to $3.0 million...
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Xerium Technologies, a leading global provider of industrial consumable products and services, has refinanced its existing term loan and revolving credit facility with the proceeds of a new term loan arranged by Jefferies and Credit Suisse. Xerium...
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Siena Lending Group LLC announced the completion of a two-year $6 million senior secured revolving credit facility for Christmas by Krebs Corporation. The facility will be used to support the company’s seasonal working capital requirements and growth...
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Builders FirstSource, Inc., a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, announced that it intends to offer, in a private offering subject to market and other...
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Business Capital has structured and secured a $9 Million financing package for Powis Parker, Inc., a manufacturer of professional desktop binding, photo-binding machines and consumable products sold worldwide. The multi-layered credit structure is a...
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BIOLASE, Inc., a leading manufacturer and distributor of dental lasers, announced today that Comerica Bank has increased BIOLASE's credit facility agreements from $8 million to $10 million, decreased both the domestic and Ex-Im interest rates...
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US Capital Partners provided a $1 million bridge financing round for Laser Engineering, Inc. (LEI), headquartered in Franklin, TN, followed by a $5 million accounts receivable line of credit. US Capital Partners is a private investment bank that...
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TAB Bank announced it has provided a $2 million senior revolving credit facility for Snowbird Environmental Systems Corporation of Jacksonville, FL. The new facility has been extended through a multi-year agreement.
Founded in 1992, Snowbird...
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BlackArch Partners announced that Delta Plastics of the South has acquired certain assets of Continental Products and obtained debt financing from Fifth Third Bank.
BlackArch Partners was retained by Delta Plastics to serve as the exclusive...
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In a recent press release, Concord Financial Advisors announced it assisted a food manufacturing seeking to replace its existing revolving credit facility with a new facility that would better support the company's growth and provide additional...
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Salus Capital Partners provided a senior-secured term loan to Scott Kay, Inc., a leading designer and manufacturer of bridal and fashion oriented jewelry. The Credit Facility will be used to refinance existing indebtedness and for general corporate...
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Inventure Foods, Inc., a specialty food marketer and manufacturer, has enhanced its long-term capital position by amending its existing credit agreement to extend the term and increase the capacity, while providing more favorable terms with its...
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GE Capital, Corporate Finance it is syndication agent on a $225 million senior secured credit facility to Federal Signal Corporation. The funds refinance debt and will be used to support ongoing working capital needs. GE Capital Markets served as...
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First Capital, a specialized commercial finance company, announced it has provided a $9 million working capital facility to a manufacturer of generators. The new credit facility consists of a revolving line of credit collateralized by accounts...
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SSG Capital Advisors announced the firm acted as the exclusive investment banker to Watermill Group in the placement of a financing package to fund its acquisition of Tenere, Inc. The transaction closed in December 2012.
Watermill is a...
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Armstrong World Industries announced that on Friday March 15, it closed on a new $1.275 billion senior secured credit facility consisting of a $250 million of revolving credit facility and a $575 million term loan A, both of which mature in March of...
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LBC Credit Partners agented a $40.5 million senior secured credit facility for National Label Company. The financing was used to refinance existing debt and will provide support for the company’s customer-driven expansion project for future growth....
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AloStar Business Credit has provided an $11 million revolving credit facility to Principal Manufacturing Corporation (PMC), a manufacturer of engineered solutions for automotive and industrial companies worldwide. In addition to the revolving credit...
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First Capital announced it has provided an $8.5 million accounts receivable-backed revolving line of credit. This facility funds the operations of their new client, who manufactures fruit juices and cocktail mixes served to guests of institutional...
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January 21, 2013, 08:15 AM
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BMO Harris Bank’s Sponsor Finance group, a leading provider of middle market leveraged finance solutions, announced it was joint lead arranger, joint bookrunner and is administrative agent for $126 million in senior credit facilities to Peninsula...
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January 18, 2013, 07:15 AM
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InfuSystem, a provider of infusion pumps and related services for the healthcare industry in the United States, replaced and refinanced its $35.0 million bank facility with a new $36.5 million credit facility, in order to provide additional financial...
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December 04, 2012, 08:03 AM
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Metals USA, Inc. received commitments for and intends to enter into a new seven-year senior secured term loan in the amount of $225 million. The new term loan is expected to bear interest at LIBOR plus 5.0%, and includes a 1.25% LIBOR floor and 1%...
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November 15, 2012, 07:04 AM
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NewStar Business Credit provided $7 million senior secured financing to Bridgetown Natural Foods. Bridgetown is a contract manufacturer of natural and organic snack bars, including granola and nutrition bars. NewStar provided credit facilities...
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November 06, 2012, 08:12 AM
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PNC announced $25 million in senior secured revolving credit for Superior Tube Company and Fine Tubes, portfolio companies of the Watermill Group, a private investment firm based in Lexington, MA. Headquartered in Plymouth, United Kingdom, Fine...
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October 31, 2012, 08:00 AM
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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 $65 million in credit facilities to support the...
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September 19, 2012, 06:00 AM
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Bank of America Business Capital announced it has amended and restated a $300 million revolving credit facility for Sanmina-SCI, replacing the prior $235 million facility.Sanmina-SCI Corporation is a leading electronics contract manufacturer serving...
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September 17, 2012, 07:00 AM
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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...
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August 14, 2012, 06:00 PM
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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...
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August 02, 2012, 06:00 AM
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