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News Stories (34 Results) - Lender Finance

Online loan provider LendingPoint announced that on August 22, 2017, it closed an up to $500 million credit facility arranged by Guggenheim Securities. The company took down $138.5 million of the facility at the closing and on September 15, 2017, it... Read Story

September 21, 2017, 07:18 AM

Commercial lender FGI Worldwide announced the completion of a full recapitalization of the company. The recapitalization includes the infusion of $140 million in new capital, including new equity investors and an expanded board of directors. “This... Read Story

September 08, 2017, 07:22 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Lender Finance division was administrative agent and lead arranger of a senior revolver to fund CIT Northbridge Credit LLC.  CIT Northbridge will provide revolving and... Read Story

September 06, 2017, 07:32 AM

Snap Finance, a fintech company and provider of lease-to-own financing at the point of sale to customers of eCommerce and brick-and-mortar merchants, has secured the largest bank revolving credit facility ever for a private consumer lease-to-own... Read Story

August 29, 2017, 07:20 AM

Dividend Finance, LLC has partnered with Credit Suisse AG on a $100 million financing facility that will support the continued growth of Dividend’s residential solar lending business. "We are pleased to be working with Credit Suisse to further... Read Story

July 26, 2017, 07:26 AM

Fora Financial, a leading provider of working capital to small businesses, announced that the company and its senior secured lenders have reached an agreement to increase the aggregate commitments under its revolving credit facility to $66.5 million... Read Story

July 11, 2017, 07:21 AM

Newtek Business Services Corp., an internally managed business development company, announced that Newtek Merchant Solutions, Premier Payments LLC, Small Business Lending, LLC, banc-serv Partners, LLC and Newtek Technology Solutions, each a... Read Story

June 23, 2017, 07:00 AM

AloStar provided additional senior capital to FLOCK Specialty Finance as part of a major upgrade to its Senior Revolving Credit facility agented by The Private Bank. FLOCK is an Atlanta-based provider of capital to buyers of non-performing debt and... Read Story

June 20, 2017, 07:17 AM

PRA Group, Inc., a global firm involved in acquiring and collecting nonperforming loans, announced that on May 5, 2017 it amended and restated its North American credit facility. The expanded facility has a five-year term and total facility size of... Read Story

May 09, 2017, 07:24 AM

Foundation Finance Company LLC, a provider of home improvement financing to contractors nationwide, announced that it has obtained a $200 million asset-backed credit facility from Goldman Sachs Group Inc. Foundation Finance will use this credit... Read Story

May 02, 2017, 07:05 AM

Consumer Portfolio Services, Inc. announced that on April 17, 2017 it renewed its two-year revolving credit agreement with the Fortress group of companies. Loans under the renewed credit agreement will be secured by automobile receivables that CPS... Read Story

April 19, 2017, 07:15 AM

Engs Commercial Finance Co. announced that it has added PNC Bank and its $75 million commitment to its $455 million ABL credit facility. PNC will assume the roles of Syndication Agent and Joint Lead Arranger on the transaction. The ABL facility is... Read Story

April 18, 2017, 07:04 AM

NXT Capital announced the closing of NXT Capital CLO 2017-1, a $406 million CLO. The financing is NXT’s fifth CLO and is secured almost exclusively by middle market senior secured loans originated by the company. The CLO has a four-year reinvestment... Read Story

April 14, 2017, 07:14 AM

NXT Capital, LLC announced that its senior secured term and revolving loan facility has increased from $350 million to $425 million with the issuance of an additional $75 million term loan."The term loan is an attractive source of long-term growth... Read Story

April 10, 2017, 07:06 AM

Gibraltar Business Capital (GBC), a commercial finance company focused exclusively on the factoring and small asset-based marketplace, and Gibraltar Capital Advance (GCA), a provider of flexible, fast-capital advances on future sales, announced that... Read Story

April 05, 2017, 07:41 AM

Scargo Hill Capital, LLC, a new institutional asset manager focused on providing asset-based, senior secured direct lending to the retail and consumer product sectors, announced that Arena Investors, L.P. has joined SB Capital Group (an affiliate of... Read Story

March 07, 2017, 08:00 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $100 million senior credit facility to support the acquisition of Echelon Group (a d/b/a of MedLien Manager, LLC) and future growth of its... Read Story

March 06, 2017, 07:43 AM

Snap Capital LLC, a source of alternative funding to small business, announced that it has secured a significant revolving-to-term credit facility with Old Hill Partners.  The proceeds will be used by Snap Capital to increase its ability to service... Read Story

February 22, 2017, 07:08 AM

Cloud Lending Solutions announced that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading... Read Story

February 21, 2017, 07:33 AM

Mosaic Capital Corporation announced that it has executed a new credit agreement with ATB Corporate Financial Services which provides for a $35 million credit facility to Mosaic. It replaces Mosaic's $25 million facility with ATB that has been in... Read Story

January 26, 2017, 07:00 AM

Crystal Financial LLC, an independent commercial finance company, announced the closing of a $26.0 million Senior Secured Facility for Gibraltar Capital Advance (GCA).  Founded in 2012, the Company is one of the leading providers of cash advances to... Read Story

January 11, 2017, 07:53 AM

TCP Capital Corp., a business development company, announced that it has expanded its revolving credit facility with Deutsche Bank AG from $150 million to $200 million. The accordion feature is also expanded up to an aggregate of $250 million. The... Read Story

June 10, 2014, 07:23 AM

On November 15, 2013 Lease Corporation of America (LCA or the Company) closed on an investment commitment of $20 million from Virgo Investment Group (Virgo).  The transaction will refinance current indebtedness, allow partial liquidity to select... Read Story

November 21, 2013, 10:15 AM

Fifth Street Finance Corp. announced that three new lenders joined its syndicated bank credit facility led by ING Capital LLC, and one existing lender increased its commitment. The additional commitments increase the facility size by $125 million to... Read Story

October 24, 2013, 07:06 AM

Main Street Capital Corporation announced the closing of a $445 million, five-year amended and restated credit facility (the "Credit Facility") that provides Main Street with expanded and longer term financing capacity to support its future... Read Story

October 01, 2013, 08:01 AM

Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, announced that it has closed on a new senior secured revolving credit facility in the initial... Read Story

September 12, 2013, 07:01 AM

Houlihan Lokey announced the completion of a senior financing for AmeriFactors Financial Group, LLC.  The debt financing was provided by BB&T's Orlando office.  AmeriFactors Financial Group, LLC is a specialty commercial finance company providing... Read Story

July 29, 2013, 08:03 AM

Willis Lease Finance Corporation, an independent jet engine lessor, increased its revolving credit facility to $450 million from $430 million. The credit facility is available to Willis Lease on a revolving basis through November 2016. This and other... Read Story

June 20, 2013, 07:08 AM

Gladstone Investment Corporation increased its borrowing capacity in its line of credit by $35 million to $105 million in aggregate with the addition of two new lenders.  Through Gladstone Investment's wholly-owned subsidiary, Gladstone Business... Read Story

June 18, 2013, 08:15 AM

Victory Park Capital, an asset management firm that specializes in direct credit and equity investing in middle- and lower-middle-market companies, announced a $25 million credit facility for Chicago-based AvantCredit, an online lending company... Read Story

May 09, 2013, 07:51 AM

Kayne Anderson Middle Market Credit and Comvest Partners provided a $24 million term loan to SCG Financial Acquisition Corp.  to fund the business combination of Reach Media Group Holdings, Inc., a leading digital signage media and technology company... Read Story

May 08, 2013, 07:41 AM

North Mill Equipment Finance announced that it has entered into a $50 million senior loan facility with Wells Fargo Capital Finance. The new loan facility will enable North Mill EF to expand its business of originating small-ticket equipment leases... Read Story

May 01, 2013, 07:37 AM

Kabbage, Inc., an online provider of small businesses financing, has closed a $75 million credit facility, its largest financing transaction to date. Victory Park Capital (VPC) led the debt financing, while existing equity investor Thomvest Ventures... Read Story

April 03, 2013, 07:16 AM

KKR Financial Holdings entered into a credit agreement with Citibank N.A., Bank of America, N.A., Deutsche Bank AG New York Branch, Morgan Stanley Bank, N.A., Royal Bank of Canada, Societe Generale, and Wells Fargo Bank, National Association for a... Read Story

December 06, 2012, 08:09 AM