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News Stories (87 Results) - Manufacturing

Siena Lending Group LLC Announced the Closing of a $20.0 Million Revolving Credit and Term Loan Facility for Deleet Merchandising Corporation. The facility was used to refinance the company's existing senior debt and support their working capital... Read Story
March 12, 2019, 08:09 AM


Veritas Financial Partners (Veritas), a specialty finance company, recently announced the closing of a $9 million credit facility for Integrated Equipment, Inc. (Integrated). Integrated designs, manufactures, distributes and services equipment for... Read Story
February 21, 2019, 07:11 AM


MidCap Business Credit announced they have closed on a $14,000,000 Asset Based Credit Facility for EMD Acquisition, LLC. D/B/A Borman Specialty Materials, a portfolio company of Polymathes Capital in New Jersey. Borman is a producer of specialty... Read Story
January 30, 2019, 08:21 AM


Citizens Commercial Banking is leading a $60 million senior secured credit facility for API Heat Transfer Company, which through its operating subsidiaries, designs and manufactures a wide range of specialty heat exchangers and heat transfer... Read Story
January 25, 2019, 07:10 AM


The outlook for global growth has been dented by a series of recent weak data releases, but not dismantled, said Fitch Ratings in new report. The broad contours of the agency's December 2018 Global Economic Outlook (GEO) forecasts for 2019 - with... Read Story
January 18, 2019, 07:24 AM


Encina Business Credit, LLC (EBC) announced that it has provided a $17 million senior secured credit facility to a manufacturer of heavy-duty chassis for specialized vehicles. The financing, which is comprised of a revolving line of credit and two... Read Story
January 10, 2019, 07:06 AM


Wabash National Corporation entered into a Second Amended and Restated Credit Agreement, among the Company, certain of its subsidiaries as borrowers, the lenders from time to time party thereto, Wells Fargo Capital Finance, LLC, as the administrative... Read Story
December 28, 2018, 08:07 AM


Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 115th consecutive month, according to the nation's supply executives in the latest Manufacturing ISM Report On Business. The report was issued... Read Story
December 07, 2018, 07:14 AM


The appetite for dealmaking among global advanced manufacturing executives is strong, with half (50%) of respondents to the latest EY Advanced Manufacturing Global Capital Confidence Barometer (CCB) planning to actively pursue mergers and... Read Story
November 26, 2018, 07:14 AM


A study from Chubb and The National Center for the Middle Market (NCMM) finds that although manufacturing is experiencing growth, there are many interconnected challenges leading to new risks. The research also suggests that manufacturers may not be... Read Story
November 15, 2018, 07:16 AM


Abacus Finance Group, LLC (Abacus), 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 Lead Arranger for... Read Story
November 07, 2018, 08:00 AM


AMETEK, Inc. announced that it has completed an amended and restated Revolving Credit Facility increasing the size from $850 million to $1.5 billion. The facility, previously due to expire in March 2021, now has a maturity date of October... Read Story
November 02, 2018, 07:12 AM


Chicago-based lender, Loeb Term Solutions announced the graduation of a Midwest Gear Manufacturer after having provided an equipment term loan back in early 2017 to help with the acquisition of the company. The company, a manufacturer of gears used... Read Story
October 12, 2018, 07:12 AM


Super G provided a $2 million junior participation term loan to a producer of machined and fabricated components and parts for original equipment manufacturers in the agriculture, construction, mining, and oil & gas industries.The company was seeking... Read Story
October 11, 2018, 07:02 AM


ORIX Mezzanine & Private Equity, a business unit of ORIX Corporation USA, announced that it has made an equity investment in partnership with Chicago-based private equity investor Onward Capital to facilitate the acquisition of FSC Lighting (FSC).... Read Story
October 05, 2018, 07:06 AM


Tenneco Inc., one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for automotive and commercial vehicle original equipment markets and the aftermarket, announced that... Read Story
October 03, 2018, 08:00 AM


Sallyport Commercial Finance arranged a $3,250,000 combined credit facility offering an Accounts Receivable line, Purchase Order facility and Inventory facility to help an apparel company refinance their existing senior credit facility and provide... Read Story
September 19, 2018, 07:35 AM


AloStar Capital Finance successfully agented and closed a $20 million committed credit facility to facilitate the recent acquisition of Fenix Parts, Inc. (Fenix Parts), a leading recycler and reseller of original equipment manufacturer automotive... Read Story
September 18, 2018, 07:10 AM


Rise Line Business Credit, LLC announced the closing of a $7.85 million asset based revolving credit facility to Great Western Co., LLC to refinance existing indebtedness and provide growth capital. Great Western Products, established in 1962, is a... Read Story
September 14, 2018, 07:07 AM


Churchill Asset Management (Churchill) announced that it served as Lead Arranger and Sole Bookrunner for a $67 million first lien credit facility to support the recapitalization of Midwest Can Company & Container Specialties Inc. (Midwest Can) by... Read Story
August 02, 2018, 07:04 AM


Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 110th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report on Business.The report was issued by... Read Story
July 03, 2018, 07:00 AM


Celestica Inc., a provider of design, manufacturing and supply chain solutions, announced that it has entered into a new $800 million credit facility established pursuant to a credit agreement with a syndicate of lenders and Bank of America, N.A. as... Read Story
June 28, 2018, 07:13 AM


The business climate for manufacturing in the U.S. has markedly improved over the past few years, driving both revenue and employment growth for middle market manufacturers. But the industry is also experiencing a period of transformation that is... Read Story
June 19, 2018, 08:01 AM


Sterling National Bank provided senior secured credit facilities totaling $6,288,000 to Astro-Tek Industries LLC. Established in 2006, Astro-Tek is a distinct precision tooling manufacturing company that primarily manufactures parts and equipment... Read Story
June 19, 2018, 07:09 AM


LBC Credit Partners, a provider of financing solutions to middle market companies, provided $41.0 million in senior secured credit facilities to support the acquisition of the aftermarket division of Cloyes Gear & Products, Inc. (Cloyes) by Hidden... Read Story
May 31, 2018, 08:00 AM


Abacus Finance Group, LLC (Abacus), 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 Lead Arranger for... Read Story
May 24, 2018, 07:00 AM


Webster Business Credit recently provided a $10,000,000 Senior Secured Credit Facility to Tecogen, Inc. for future working capital and to refinance an existing debt.Tecogen designs, manufactures, markets and maintains highly efficient and ultra clean... Read Story
May 10, 2018, 07:16 AM


Gibraltar Business Capital recently closed three asset-based loans for a variety of organizations to meet their unique business needs. In just 32 days, Gibraltar closed an $8 million credit facility with a $15 million accordion for a sponsor-owned... Read Story
May 09, 2018, 07:00 AM


Amerisource Business Capital announced the closing and funding of a $2,000,000 debtor-in-possession senior revolving credit facility for a paperboard manufacturing company in New York.  The proceeds of the facility are being used for working capital... Read Story
April 30, 2018, 07:00 AM


TPI Composites, Inc., the only independent manufacturer of composite wind blades with a global footprint, announced that it has refinanced its existing $100 million senior, secured credit facility with a new $150,000,000 senior secured revolving... Read Story
April 09, 2018, 08:00 AM


Virco Mfg. Corporation and Virco Inc., a wholly owned subsidiary, entered into a seventeenth amendment to the Revolving Credit and Security Agreement, dated as of December 22, 2011, between the Borrowers and PNC Bank, National Association, as lender... Read Story
March 23, 2018, 07:00 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $25,000,000 senior credit facility to Dallas Texas-based LDC Stone, Inc. LDC is a leading manufacturer and supplier of kitchen and bath stone and cabinet... Read Story
March 21, 2018, 07:09 AM


Sterling National Bank provided senior secured credit facilities totaling $10,600,000 to Donsco, Inc. Founded in 1906, Donsco manufactures and sells machined iron castings out of two foundries. Located in Wrightsville, PA, Donsco makes manifolds... Read Story
March 14, 2018, 07:15 AM


Siena Lending Group LLC announced the completion of a three-year asset based revolving and term loan credit facility for Iceberg Enterprises LLC (Iceberg) to refinance their existing credit facility and to provide additional working capital for the... Read Story
March 13, 2018, 07:15 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Las Vegas, Nevada-based Cole Kepro International, LLC (“CKI” or the “Company”). CKI is a designer, developer and manufacturer... Read Story
March 08, 2018, 07:00 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $23,000,000 senior credit facility to La Porte, Indiana-based NRP Jones, LLC. NRP, founded in 1945, is a manufacturer of hydraulic, industrial, and... Read Story
February 09, 2018, 07:18 AM


Bibby Financial Services (BFS) announced a new funding relationship with the U.S.-based subsidiary of an international company headquartered in Australia. The client, a manufacturer of large steel products used by the construction, mining and oil &... Read Story
January 17, 2018, 07:05 AM


Crane Co., a diversified manufacturer of engineered industrial products, entered into a $550 million 5-Year Revolving Credit Agreement, by and among the Company and certain of its subsidiaries, the banks party thereto as lenders, JPMorgan Chase Bank... Read Story
December 22, 2017, 07:57 AM


LBC Credit Partners, a provider of financing solutions to middle market companies, provided senior secured credit facilities to support the acquisition of 4ONE LLC by United States Seating Company (USSC).  USSC is managed by Dubin Clark & Company... Read Story
December 13, 2017, 07:00 AM


The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries announced that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this... Read Story
December 04, 2017, 07:43 AM


Sterling National Bank provided senior secured credit facilities totaling $17,000,000 to Cellucap Manufacturing Co. Established in 1954, and headquartered in Philadelphia, Cellucap manufactures a full range of disposable protective headwear and... Read Story
November 14, 2017, 07:16 AM


White Oak Commercial Finance, LLC (WOCF) announced that it has provided a $15 million factoring facility to Mias Fashion, an innovative leader in the full package apparel manufacturing and global sourcing. Since 1999, Mias Fashion has efficiently... Read Story
November 02, 2017, 07:40 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.000,000 senior credit facility to  Metpar Corporation (Metpar).  Metpar is a manufacturer and worldwide distributor of commercial bathroom partitions... Read Story
October 25, 2017, 07:11 AM


Antares Capital announced it is serving as administrative agent and lead left arranger on a senior secured credit facility to support the recapitalization of Bettcher Industries, Inc. (Bettcher) by Morgenthaler Private Equity.Headquartered in... Read Story
October 13, 2017, 07:18 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,000,000 senior credit facility to Morganton, North Carolina-based E.J. Victor, Inc. E.J. Victor is a manufacturer and importer of high quality hand... Read Story
October 11, 2017, 07:06 AM


Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $26.3 million senior credit facility to refinance the existing debt facility and to finance an add-on acquisition for American Optics, an... Read Story
September 19, 2017, 07:19 AM


Encina Business Credit, LLC (EBC) announced that it has provided a $23 million senior secured credit facility to Tejas Tubular Products, Inc. and certain of its affiliates (Tejas). The financing, which is comprised of a revolving line of credit and... Read Story
September 14, 2017, 07:16 AM


NeoPhotonics Corporation entered into a Credit Agreement with Wells Fargo Bank as administrative agent and the lenders party thereto.The Credit Agreement provides for a $50 million revolving credit facility, $30 million of which was drawn at closing.... Read Story
September 12, 2017, 07:15 AM


Ironclad Performance Wear Corporation, a provider of high-performance task-specific work gloves, announced that the company and its subsidiary filed voluntary petitions under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court... Read Story
September 11, 2017, 07:17 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,000,000 senior credit facility to Eden Prairie, Minnesota-based Logic PD, Inc. Logic PD is an Electronics Manufacturing Services (EMS) and Product... Read Story
September 06, 2017, 07:00 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,000,000 senior credit facility to Eden Prairie, Minnesota-based Logic PD, Inc. Logic PD is an Electronics Manufacturing Services (EMS) and Product... Read Story
August 30, 2017, 07:00 AM


Middle market firms are outpacing their smaller and larger counterparts when it comes to growth in number of firms, employment, and revenue, according to the Middle Market Power Index from American Express and Dun & Bradstreet. The seventh report in... Read Story
August 16, 2017, 08:00 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $8,000,000 senior credit facility to Hardinsburg, Kentucky-based Whitworth Tool, Inc..  Whitworth is a full service precision machine shop that... Read Story
July 21, 2017, 07:00 AM


International buyers stepping up their competition against U.S. companies for M&A deals in the U.S. manufacturing sector, according to a recent report from Generational Equity. The report, "Manufacturing in Motion,” found that the North American... Read Story
July 19, 2017, 08:00 AM


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... Read Story
June 28, 2017, 07:13 AM


Nortech Systems Incorporated, a provider of full-service electronics manufacturing services (EMS), announced it has closed a new credit facility of up to $21 million with Bank of America Merrill Lynch with an additional $20 million accordion feature.... Read Story
June 16, 2017, 07:18 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $23,700,000 senior credit facility to Shawnee, Oklahoma based Shawnee Tubing Solutions, LLC. The transaction was part of an acquisition of select assets... Read Story
June 15, 2017, 07:06 AM


Marquette Business Credit recently funded three new clients with new commitments totaling more than $31 million.  These new clients include Artcobell Corp., a designer and manufacturer of K–12 educational classroom furniture; Castwell Products LLC, a... Read Story
May 31, 2017, 07:17 AM


Stonegate Capital has closed on a $6.5 million loan for Orchid Monroe, a manufacturer of electric motor, generator and power transformer components and assemblies. Based in Monroe WI, the Company performs all processes in-house including steel... Read Story
May 04, 2017, 07:04 AM


Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a $9 million senior secured loan with Wood-Mode, a manufacturer of high-end custom-crafted cabinetry."Wood-Mode quality is... Read Story
April 27, 2017, 07:10 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $13 million senior credit facility to Delaware, Ohio-based Oberfields, LLC as part of an acquisition of the company by Graycliff Partners and... Read Story
April 26, 2017, 07:17 AM


Gibraltar Business Capital closed a new $8.8 million asset-based line of credit for Greensboro, N.C.-based Elastic Fabrics of America, a manufacturer of warp-knitted and circular-elastomeric fabrics that are used to make lingerie, athletic apparel... Read Story
April 03, 2017, 07:17 AM


CIT, a provider of commercial lending and leasing services, announced that CIT Commercial Services was selected as the sole provider of factoring services to AG Adriano Goldschmied and its affiliate, Big Star. Both firms are either owned by or... Read Story
February 07, 2017, 08:00 AM


TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF), announced that it provided $15 million in secured financing to support Kinderhook Industries, LLC in their recapitalization of NitroFill... Read Story
February 06, 2017, 07:00 AM


Bibby Financial Services (BFS) announced it was supporting United Plastics Group (UPG), a Houston-based manufacturer of specialized plastic parts, components and complete finished goods to multiple industries, owned by Turnspire Capital Partners... Read Story
February 03, 2017, 07:00 AM


Gibraltar Business Capital closed a new $2 million asset-based line of credit for Custom Wood Products (CWP), a producer of fine custom wood cabinetry located in Roanoke, VA. Working with CWP and financial sponsor, Wafra Partners LP, an affiliate of... Read Story
February 01, 2017, 07:49 AM


Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $5 million credit facility to new client Argonaut Manufacturing Services, a leading contract manufacturer for biotech companies. Proceeds from the facility will... Read Story
January 19, 2017, 08:00 AM


Bibby Financial Services (BFS) announced a combined $2.3 million line of financing to a Chicago-based metal products manufacturer. The company supplies aluminum products for a variety of industries including the automotive, lighting, medical... Read Story
January 18, 2017, 07:25 AM


Manufacturing was the most active industry for closing deals valued at $75 million or less in the first quarter of 2016, according to a new survey released by CMF Associates, private equity’s preferred operating partner for finance and financial... Read Story
June 01, 2016, 07:51 AM


The MAPI Foundation released its latest U.S. Industrial Outlook, a quarterly analysis of 27 major industries, which found that manufacturing industrial production was unchanged from the third to the fourth quarter of 2015. The analysis indicates that... Read Story
March 18, 2016, 07:59 AM


The business outlook improved notably among U.S. industrial manufacturers during the fourth quarter of 2014, according to the Q4 2014 Manufacturing Barometer, released by PwC US.  A wide range of key indicators posted improvement during the fourth... Read Story
January 26, 2015, 07:29 AM


Job gains and business investment are the two lead drivers keeping manufacturing on a solid growth path, according to the MAPI Foundation's U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. The MAPI Foundation is the... Read Story
December 23, 2014, 07:03 AM


U.S. manufacturing is poised for steady growth through 2016, according to the MAPI Foundation’s U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. The MAPI Foundation is the research affiliate of the Manufacturers Alliance... Read Story
September 18, 2014, 05:50 AM


Blackford Capital announced the acquisition of Mopec, Inc., a full-service, full-line manufacturer of pathology and mortuary equipment based in Metro Detroit. Comerica Bank and Northcreek Mezzanine provided financing for the transaction. Mopec was... Read Story
June 07, 2013, 07:13 AM


First Capital provided a $10 million revolving line of credit to Key Industries, Inc., a manufacturer of quality work wear. The senior credit facility is collateralized by accounts receivable and inventory. First Capital was selected as the working... Read Story
April 29, 2013, 07:16 AM


Weak overall economic growth persisted in the third quarter of 2012, increasing by 2.7%, and the sluggish pace characteristic of the current expansion is likely to continue, according to the quarterly Manufacturers Alliance for Productivity and... Read Story
December 21, 2012, 07:50 AM


Economic activity in the manufacturing sector contracted in November following two months of modest expansion, while the overall economy grew for the 42nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On... Read Story
December 04, 2012, 07:41 AM


Salus Capital Partners provided a $12.75 million senior secured working capital facility to Xenith, LLC, a privately held manufacturer and wholesaler of football helmets and sporting equipment. The financing will be used to provide working capital... Read Story
November 01, 2012, 07:06 AM


Despite continued uncertainty about the prospects of both the U.S. and global economies, the majority of U.S. industrial manufacturers remain positive regarding the overall revenue outlook for the next 12 months, according to the Q3 2012... Read Story
October 26, 2012, 08:06 AM


TD Economics, an affiliate of TD Bank, released a special report crediting the revival of the U.S. manufacturing sector as a key driver in the economic recovery, largely due to a slowdown in offshoring activity. This slowdown has kept in the U.S.... Read Story
October 16, 2012, 06:31 AM


The results of the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Survey on the Business Outlook (EO-113) indicate slowing growth for U.S. manufacturing over the next three to six months, in line with most other forecasts... Read Story
October 12, 2012, 07:00 AM


Economic activity in the manufacturing sector expanded in September following three consecutive months of slight contraction, and the overall economy grew for the 40th consecutive month, say the nation's supply executives in the latest Manufacturing... Read Story
October 02, 2012, 07:00 AM


New orders for manufactured durable goods in August decreased $30.1 billion or 13.2 percent to $198.5 billion, according to the U.S. Census Bureau. This decrease, down following three consecutive monthly increases, was the largest decrease since... Read Story
September 28, 2012, 06:00 AM


The National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB) announced the results of a nationwide survey of small businesses and manufacturers. The results cast a harsh light on the state of the U.S.... Read Story
September 26, 2012, 06:00 AM


U.S. industrial activity hit a speed bump in the second quarter of 2012 and stall speed growth may delay the transition from modest to moderate growth until the second half of 2014, according to the quarterly Manufacturers Alliance for Productivity... Read Story
September 20, 2012, 07:00 AM


Prime Advantage, a buying consortium for midsized manufacturers, announced the findings of its tenth semi-annual Group Outlook Survey, revealing financial projections and top concerns of its Member companies for the second half of 2012.The majority... Read Story
September 10, 2012, 06:00 AM


Bank of America Business Capital recently arranged and agented a $125 million senior secured, asset-based revolving credit facility for Consolidated Container Company. A developer and manufacturer of rigid plastic packaging solutions in North America... Read Story
August 14, 2012, 08:00 AM