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News Stories (19 Results) - Distribution

Wintrust Business Credit (WBC) announced a line increase to $11,000,000 for their existing client. This line increase was used by the client to support the acquisition of a Minnesota-based distributer of premium fresh seafood. WBC’s existing client... Read Story
June 12, 2024, 07:52 AM

SLR Business Credit funded a $2.5 million asset-based revolving line of credit to a Southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including Drayage, FTL... Read Story
May 23, 2024, 07:29 AM

Wintrust Business Credit (WBC) closed a new $15,000,000 ABL line of credit for a Southeast-headquartered aerospace distribution business with subsidiaries from the Southwest to the Northeast. The Company supplies fasteners and other products to... Read Story
May 14, 2024, 08:00 AM

SLR Business Credit (SLRBC) partnered with a preeminent North American distributor of mobile air compressors, generators, and air tools. The firm is also an innovator in creating a sustainable hybrid energy system which alters how contractors and... Read Story
May 09, 2024, 07:47 AM

eCapital Corp. funded a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities. This infusion of... Read Story
April 15, 2024, 08:00 AM

Mountain Ridge Capital ("MRC") closed a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining.  The MRC facility refinanced the debt of another lender and will be utilized to manage through... Read Story
March 19, 2024, 07:56 AM

Ares Commercial Finance provided a senior secured revolving line of credit to a Decorative Lighting distributor. The proceeds via this transaction will be used to support the Company’s working capital needs and refinance a portion of the company’s... Read Story
January 18, 2024, 07:52 AM

Zions Bancorporation, through its Texas division, Amegy Bank closed and funded an $8,000,000 credit facility for the distribution arm of a multi-national manufacturer of steel forgings. The Company provides critical OEM parts for equipment... Read Story
August 23, 2023, 07:45 AM

CrossAmerica Partners entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank. The Amended Facility provides borrowing capacity up to $925 million, an increase from the... Read Story
April 03, 2023, 08:00 AM

Approved Oil Co. of Brooklyn entered an amended and restated asset-based credit facility, which expires in October 2027 and provides the borrower under the Credit Facility the ability to borrow up to $160 million on a revolving line of credit for... Read Story
November 07, 2022, 07:32 AM

Rosenthal & Rosenthal upsized its recent inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels, increasing the initial $30 million commitment to $60 million.  The... Read Story
December 14, 2021, 07:40 AM

CIT Group Inc. announced that its CIT Northbridge Credit joint venture served as sole lead arranger on a $30 million revolving credit facility for Alliance Time Holdings. Headquartered in Manhattan, Alliance Time Holdings is a highly data-driven... Read Story
May 16, 2018, 07:08 AM

Citizens Bank announced that Citizens Commercial Banking has led $57.5 million in financing for Ipswich-based United Pipe and Steel Corp., an independent master distributor of steel pipe, copper tubing, plastic pipe, electrical conduit and related... Read Story
November 06, 2017, 07:17 AM

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., provided a credit facility totaling $19 million to a tool distribution company.  The company imports and wholesales hand tools, power tools and accessories to a variety of... Read Story
March 11, 2014, 07:39 AM

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $6 million facility for Bolts & Nuts Corporation. The company, located in Chattanooga, Tennessee, is a leading full-service distributor of commercial and... Read Story
January 14, 2014, 07:37 AM

First Growth Capital, a division of First Capital, announced today that it has provided a $3.5 million working capital credit facility to a distributor of outdoor apparel.  The facility is collateralized by the client’s account receivables and... Read Story
November 11, 2013, 08:02 AM

United Stationers Inc. announced it has closed an amendment and extension of its $700 million revolving credit facility with a syndicate of financial institutions. This amendment extends the expiration date of the facility to July 6, 2018.The... Read Story
July 10, 2013, 07:52 AM

First Capital provided a $7.5 million asset-based lending facility to Triunfo-Mex, Inc., a leading distributor of Hispanic products including candy manufactured at its Mexican affiliate.  The credit facility is collateralized by the company’s... Read Story
June 28, 2013, 07:14 AM

Salus Capital Partners announced it has provided a C$21 million senior secured credit facility to Fletcher Leisure Group Inc. The company is one of Canada’s largest sporting goods wholesale and distribution companies. The credit facility will be used... Read Story
February 27, 2013, 07:12 AM