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MB Business Capital Provides $12.5MM ABL for Nextten Stauer

July 13, 2015, 07:53 AM
Filed Under: Marketing

MB Business Capital recently provided a new $12.5 million senior credit facility to Nextten Stauer, LLC.  Stauer, with operations in Burnsville, Minnesota and Richmond, Virginia, is a direct marketer of various consumer products through catalogs, magazine ads, e-mail, direct mail and phone. Stanfield Capital and the company’s CEO will use the  proceeds of the facility to support the acquisition of Stauer, as well as to fund working capital.

Mike Bisceglia, Nextten Stauer’s CEO said, ”Stauer is very happy to be working with MB as we continue our growth. MB has been incredibly professional and responsive to both the investors and the business managers. MB really understands our business.”

Spell Capital Mezzanine Partners (Spell) also provided $7.5 million of subordinated debt and $1.0 million in an equity co-investment. Spell provides mezzanine financing to lower middle-market companies throughout the United States. Spell finances leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.
MB Business Capital is the asset-based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois.  MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.

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