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Capital One Closes $56.5MM Facility for Atrenne Integrated Solutions

February 17, 2015, 07:34 AM
Filed Under: Engineering

Capital One Bank, acting as administrative and collateral agent, together with Credit Suisse Corporate Credit Solutions, LLC, acting as lead arranger, announced that it successfully closed and funded a $56.5 million, five-year senior secured facility for Atrenne Integrated Solutions, a portfolio company of RFE Investment Partners. The facility was used to fund a portion of RFE’s acquisition of SIE Computing Solutions by Atrenne and to provide ongoing working capital for the company.

Atrenne is an advanced, vertically-integrated, custom engineering systems provider serving a wide variety of high-tech industries. The company combines a family of businesses for a unique combination of in-depth mechanical, electrical and system integration knowledge. This specialized portfolio allows Atrenne to deliver custom, rugged electro-mechanical solutions to its customers in commercial aviation, military and defense, telecom and networking, and other industrial markets.
“We are pleased to work with Atrenne, a proven leader providing tremendous products to the marketplace,” said Barry Fein, Senior Vice President, Capital One Bank. “Atrenne has an exciting future ahead and we look forward to supporting their continued growth.”

Comprised of AbelConn, CBT Technology, Photo Etch and SIE Computing Solutions, Atrenne has more than 40 years of experience in the design and manufacturing of electro-mechanical integrated solutions for rugged and harsh environments. Effective January 1, 2015, CBT Technology and SIE Computing Solutions merged and changed their name to Atrenne Computing Solutions, LLC.

Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates who have expertise in asset based lending, technology, healthcare, security and defense, rediscount finance, municipal finance, and equipment leasing and finance. Capital One Bank’s Commercial Business leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.

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