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TCF Capital Funding Supports Knox Capital Holdings in its Refinancing of Stancor

October 12, 2018, 07:09 AM
Filed Under: Mining

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $24,500,000 in secured financing to support Knox Capital Holdings in its refinancing of Stancor, L.P.

Headquartered in Monroe, CT and founded in 1985, Stancor designs and manufactures a comprehensive line of electric submersible pumps (ESPs) and controls used in the mining, construction, wastewater and utility sectors. The Company’s products are divided into three main segments: dewatering, solids handling, and specialty materials to combat corrosive and high temperature environments as well as difficult contaminants. 

“Through its patented Oil Minder Control and Pump System and a focus on its niche within the broader ESP market, Stancor continues a long and successful record of supporting its customers with products that combine highly competitive pump efficiency, reliability, ease of operation and low maintenance with minimal power requirements. We are very pleased to assist in the Company’s refinancing”, said Scott Nielsen, TCF Capital Funding Senior Vice President.

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