Danimer Scientific, a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced that on April 19, 2024, it entered into an asset-based revolving credit and security agreement with...
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MidCap Business Credit completed a $15 million asset-based credit facility with Plastic Suppliers, Inc. The business was established in 1949 and is headquartered in Columbus, Ohio. The company manufactures thin-gauge bio based and petrochemical...
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Oxford Commercial Finance recently provided a $2 million asset-based loan to a Michigan-based wholesale plastic and resin company, specializing in plastic material distribution.
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Mountain Ridge Capital (MRC) closed a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products. MRC’s facility was used to refinance the debt of a regional commercial bank, fund an...
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February 19, 2024, 08:00 AM
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$7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics manufacturer.Referred from a bank directly to Sallyport’s Alexandra Scoggin, her strong relationship with them...
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November 27, 2023, 05:00 AM
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Aequum Capital closed a $10,000,000 revolving credit facility to a Midwest based industry-leading, plastic injection molder parts manufacturer. The Company has a diversified customer base serving the automotive, agricultural, construction, and food...
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December 15, 2022, 07:50 AM
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Fifth Third Business Capital provided a $14.5 million refinance facility to Alliance Precision Plastics. The refinance facility included a revolving credit facility, term loan and capital expenditure line. Founded in 1953, Alliance Precision Plastics...
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January 28, 2022, 07:58 AM
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King Trade Capital (KTC) was contacted by a large U.S. bank that was putting together a supply chain receivable finance facility for a Plastic Cup supplier in support of their growing sales to a Fortune 500 customer. The bank recognized the cup...
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December 07, 2021, 07:39 AM
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On December 2, 2020, East West Bank and one participating lender closed on $90 million of new senior secured credit facilities, consisting of an asset-based revolver and term loan, for Alpha Industries Management, Inc. (“Alpha Industries”), a leading...
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December 03, 2020, 07:14 AM
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CVC Credit Partners (“CVC Credit”) provided a $60 million first lien loan to support Sole Source Capital’s acquisition and growth strategy of Dallas Plastics, a leading manufacturer of blown polyethylene film with printing, embossing, and other value...
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November 23, 2020, 08:20 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15.3 million senior secured credit facility to a manufacturer of thermoplastic molds & modeled parts. The company provides customers in various industries with mold design...
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October 08, 2019, 08:00 AM
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Speritas Capital Partners announced the closing of a $27 million asset-based revolving line of credit for a major plastics manufacturer. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to...
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September 06, 2019, 08:00 AM
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Citizens Bank announced that Citizens Commercial Banking is providing $23 million in credit to help fund the merger of Wolfeboro, NH-based GI Plastek and Myrtle Beach, S.C.-based Precision Southeast, Inc. to create PSI Molded Plastics, Inc. (PSI).The...
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December 05, 2017, 07:15 AM
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MB Business Capital announced it recently provided a new $8,000,000 senior credit facility to Winfield, Kansas-based Western Industries Plastic Products, LLC (WIPP). WIPP is a plastic blow molding manufacturer serving the furniture, outdoor living...
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After over forty years of running SSi Custom Plastics owner Greig Parks is preparing to retire from the business. Mr. Parks has engaged M&A Specialist, Equity Partners HG, to locate a buyer that will carry on his legacy of providing on time delivery...
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February 21, 2017, 07:01 AM
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Renasant Business Credit announced the closing of a $5 million asset-based revolving line of credit for a Southeastern-based company engaged in the production of a broad range of high-performance biopolymer products for various industries including...
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August 15, 2016, 07:43 AM
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Bank of America Business Capital recently closed a $30 million senior secured asset-based loan to Techniplas LLC. Techniplas is a market leading producer of highly engineered and technically complex plastic components and systems for the industrial...
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August 17, 2015, 08:01 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $15 million senior credit facility to Columbus, Ohio-based Plastic Suppliers, Inc. Plastic Suppliers is a manufacturer and distributor of highly...
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