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MMA Capital Holdings Announces Revolving Credit Facility and Share Buyback Plan
September 19, 2019MMA Capital Holdings, Inc. (Nasdaq: MMAC) today announced that its indirect wholly-owned subsidiary, MMA Energy Holdings, LLC, entered into a secured revolving credit facility with the lenders party thereto and East West Bank.
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Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing
September 19, 2019Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024.
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MidCap Business Credit Closes Facility for Global Tissue Group, Inc.
September 19, 2019Headquartered in Medford, NY, Global Tissue Group is a leading private label paper manufacturer for paper towels, napkins, bath and facial tissue.
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Crestmark Provides More Than $33 Million in Commercial Financing to 71 Businesses in the First Half of September
September 19, 2019Crestmark secured a total of $12,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,041,309 in four new lease transactions; Crestmark Vendor Finance provided $4,761,049 in 53 new lease transactions; and the Government Guaranteed Lending Division provided $5,730,000 in financing for four new clients in the first half of September.
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Utica Equipment Finance Announces New Hire
September 19, 2019Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Byron Howell has joined the Company as Managing Director-Sales. He will be responsible for sourcing and developing client and referral source relationships throughout the United States.
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Crestmark Welcomes Jon Ellis to Expanding Renewable Energy Division
September 19, 2019Crestmark is pleased to announce the appointment of Jon Ellis as vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik. With the addition of Ellis, Crestmark strategically increases a company focus on financing for the renewable energy landscape.
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High Road Cap Portfolio Company U-C-Coatings Acquires Eco Chemical
September 19, 2019High Road Capital Partners (www.highroadcap.com) announced today that its portfolio company U-C Coatings (www.uccoatings.com) has completed the acquisition of the assets of the stains and industrial coatings business of Eco Chemical, Inc. (www.ecochemical.com), marking the company’s second acquisition under High Road’s ownership.
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CIT Serves as Co-Lead Arranger on $90.6 Million Financing for Multifamily Project in Washington, D.C.
September 19, 2019CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.
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Axiom Bank, N.A. Hires Joe Dear as SVP, Commercial Team Lead
September 19, 2019Axiom Bank N.A., a Maitland-based, leading community bank, recently hired Joe Dear as SVP, Commercial Team Lead. In this role, Dear is responsible for helping the bank’s commercial clients in Central Florida grow their businesses.
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Wells Fargo Extends Long-standing Financing Relationship with Doosan Businesses
September 19, 2019Wells Fargo & Company (NYSE: WFC) today announced the extension of its vendor financing relationship with Doosan and its businesses – including Bobcat Company, the compact machinery maker and distributor – through December 2023.
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Briar Capital Real Estate Fund LLC Provides a $2.6 Million Real Estate Term Loan to a Seafood Processor and Distributor
September 18, 2019The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market.
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For a Second day, the New York Fed Spent Billions to Calm the Financial Market
September 18, 2019For the second day in a row, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress that has emerged in the overnight lending market.
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Citizens Capital Markets, Inc. Advises Trigon Holding on its Divestiture of StelKast
September 18, 2019Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc.
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Hogan Lovells Adds Former Delaware Court Judge Kevin Carey as Partner
September 18, 2019Judge Carey joins the firm following his retirement on August 31 from the United States Bankruptcy Court, District of Delaware, where he earned a reputation for being one of the nation’s top bankruptcy judges.
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First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround Situation
September 18, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $11,000,000 revolving line of credit facility for a restaurant supplies distributor in Oregon.
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CIT Names David Bagatelle Head of Relationship Commercial Banking, Eastern Region
September 18, 2019In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region.
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BlueVine Appoints FinTech Veteran Brad Brodigan as Chief Commercial Officer
September 18, 2019BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer. In this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management.
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Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions
September 18, 2019In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit.
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Peabody Closes On $565 Million Revolving Credit Facility
September 18, 2019Peabody (NYSE: BTU) announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative.
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Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility
September 18, 2019The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers.
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MMA Capital Holdings Announces Revolving Credit Facility and Share Buyback Plan
September 19, 2019MMA Capital Holdings, Inc. (Nasdaq: MMAC) today announced that its indirect wholly-owned subsidiary, MMA Energy Holdings, LLC, entered into a secured revolving credit facility with the lenders party thereto and East West Bank.
-
Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing
September 19, 2019Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024.
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MidCap Business Credit Closes Facility for Global Tissue Group, Inc.
September 19, 2019Headquartered in Medford, NY, Global Tissue Group is a leading private label paper manufacturer for paper towels, napkins, bath and facial tissue.
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Crestmark Provides More Than $33 Million in Commercial Financing to 71 Businesses in the First Half of September
September 19, 2019Crestmark secured a total of $12,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,041,309 in four new lease transactions; Crestmark Vendor Finance provided $4,761,049 in 53 new lease transactions; and the Government Guaranteed Lending Division provided $5,730,000 in financing for four new clients in the first half of September.
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Utica Equipment Finance Announces New Hire
September 19, 2019Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Byron Howell has joined the Company as Managing Director-Sales. He will be responsible for sourcing and developing client and referral source relationships throughout the United States.
-
Crestmark Welcomes Jon Ellis to Expanding Renewable Energy Division
September 19, 2019Crestmark is pleased to announce the appointment of Jon Ellis as vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik. With the addition of Ellis, Crestmark strategically increases a company focus on financing for the renewable energy landscape.
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High Road Cap Portfolio Company U-C-Coatings Acquires Eco Chemical
September 19, 2019High Road Capital Partners (www.highroadcap.com) announced today that its portfolio company U-C Coatings (www.uccoatings.com) has completed the acquisition of the assets of the stains and industrial coatings business of Eco Chemical, Inc. (www.ecochemical.com), marking the company’s second acquisition under High Road’s ownership.
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CIT Serves as Co-Lead Arranger on $90.6 Million Financing for Multifamily Project in Washington, D.C.
September 19, 2019CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.
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Axiom Bank, N.A. Hires Joe Dear as SVP, Commercial Team Lead
September 19, 2019Axiom Bank N.A., a Maitland-based, leading community bank, recently hired Joe Dear as SVP, Commercial Team Lead. In this role, Dear is responsible for helping the bank’s commercial clients in Central Florida grow their businesses.
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Wells Fargo Extends Long-standing Financing Relationship with Doosan Businesses
September 19, 2019Wells Fargo & Company (NYSE: WFC) today announced the extension of its vendor financing relationship with Doosan and its businesses – including Bobcat Company, the compact machinery maker and distributor – through December 2023.
-
Briar Capital Real Estate Fund LLC Provides a $2.6 Million Real Estate Term Loan to a Seafood Processor and Distributor
September 18, 2019The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market.
-
For a Second day, the New York Fed Spent Billions to Calm the Financial Market
September 18, 2019For the second day in a row, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress that has emerged in the overnight lending market.
-
Citizens Capital Markets, Inc. Advises Trigon Holding on its Divestiture of StelKast
September 18, 2019Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc.
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Hogan Lovells Adds Former Delaware Court Judge Kevin Carey as Partner
September 18, 2019Judge Carey joins the firm following his retirement on August 31 from the United States Bankruptcy Court, District of Delaware, where he earned a reputation for being one of the nation’s top bankruptcy judges.
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First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround Situation
September 18, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $11,000,000 revolving line of credit facility for a restaurant supplies distributor in Oregon.
-
CIT Names David Bagatelle Head of Relationship Commercial Banking, Eastern Region
September 18, 2019In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region.
-
BlueVine Appoints FinTech Veteran Brad Brodigan as Chief Commercial Officer
September 18, 2019BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer. In this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management.
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Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions
September 18, 2019In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit.
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Peabody Closes On $565 Million Revolving Credit Facility
September 18, 2019Peabody (NYSE: BTU) announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative.
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Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility
September 18, 2019The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers.
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