- Republic Business Credit Expands its Southeast Footprint with the Addition of Benton Hilbun and Merri Underwood
- J D Factors Provides $10.6 Million in New Factoring Facilities to 42 Clients in April
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- Stellus Capital Management, LLC Provides Unitranche Financing in Support of Catchment Capital's Investment in Vertech Industrial Systems
- April Commercial Chapter 11 Bankruptcy Filings Increase 42% From Previous Year
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Santander Bank Leads $100 Million Deal with Holtec International
Santander Bank today announced that its Commercial Banking division closed a $100 million credit facility on behalf of Holtec International (Holtec), a privately held energy technology company. Holtec specializes in providing technology and services for a variety of uses, including the decommissioning of nuclear energy facilities and nuclear fuel and high-level waste management. It also provides heat transfer equipment and services, state-of-the-art custom manufacturing and engineering and consulting services.
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White Oak Healthcare Finance Provides $241 Million Financing for a 19 Facility Skilled Nursing Portfolio
October 1, 2019White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as administrative agent and lead lender on the funding of a $241 million senior credit facility secured by 19 skilled nursing facilities diversified across 6 states. The total portfolio comprised over 2,000 beds.
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LBC Small Cap Provides Unitranche Credit Facility and Equity Co-Investment to Support the Acquisition of McNally Industries
October 1, 2019LBC Small Cap, an affiliate of LBC Credit Partners, a leading provider of financing solutions to lower middle market companies, provided a unitranche credit facility and equity co-investment to support Susquehanna Private Capital’s (“SPC”) acquisition of McNally Industries, LLC (“McNally”).
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Coral Capital Solutions Extends $7.5 Million Factoring Facility to Provider of Therapeutic Services
October 1, 2019Coral Capital Solutions, a leading provider of financing solutions for medium sized enterprises, today announced a $7.5 million annual factoring facility with a profitable, fast growing provider of rehabilitative, educational and therapeutic services to children.
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PNC Bank Provides Financing to Industrial Distributor
October 1, 2019PNC Bank, National Association, announced today the closing of a $57.3 million senior secured credit facility to support Dallas, TX-based Crossplane Capital’s acquisition of the Accent Family of Companies (Accent).
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Huron Amends and Extends Senior Secured Credit Facility
October 1, 2019Among other items, the amended credit facility extends the maturity date from March 23, 2023 to September 27, 2024; increases the aggregate revolving commitments from $500 million to $600 million.
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Tradewind Funds Tire Supplier Based in China
October 1, 2019Tradewind has closed a deal with a tire company based in China to provide a recurrent facility of $800,000 to support the company’s export business to the USA. The supplier, whose products are sold globally, has additional branches in the United States, Africa, and Southeast Asia.
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InterNex Capital Announces Recently Completed Transactions
October 1, 2019InterNex Capital announces recently completed transactions powered by Velocity, InterNex’s underwriting and business analytics platform.
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People’s Capital and Leasing Corp Appoints Gerald LaPorta as Southeast Regional Vice President
October 1, 2019LaPorta will be responsible for the growth of PCLC’s equipment sales finance business, primarily focused on Transportation, and the growth of PCLC’s other equipment markets.
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TAB Bank Provides Supply Chain Management Company in Ohio with a $5 Million Revolving Credit Facility
October 1, 2019The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Senior Financial Executive Mark Fagnani Joins Clear Thinking Group
October 1, 2019Clear Thinking Group LLC announced today that Mark Fagnani has joined the firm as a Senior Managing Director. Mr. Fagnani has more than 30 years of hands-on experience working with large bank groups, private equity sponsors, turnarounds, workouts and insolvencies.
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CIT Bank Provides Nebraska Book Company New Credit Facility
October 1, 2019Nebraska Book Company (NBC) entered into a new five-year, asset-based loan facility with CIT Bank. Part of the proceeds will be used to replace its existing credit facility with Callidus Capital Corporation, which will mature in January 2020.
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Hamilton Thorne Announces US$7.5 Million Line of Credit
October 1, 2019Expansion of Operating Line of Credit to $4.5 Million; Renewal of $3 Million Acquisition Line of Credit
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Conifex Amends Senior Credit Facility
October 1, 2019Conifex Timber Inc. (TSX: CFF) (“Conifex”) announced today that it has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones.
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U.S. Xpress Enterprises Announces Amendment to Credit Facility
October 1, 2019U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.
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Rayonier Advanced Materials Announces Credit Agreement Amendment Providing Financial Covenant Relief Through 2021
October 1, 2019Rayonier Advanced Materials Inc. (the “Company”) today announced that it has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment (the “Amendment”) under which, among other changes, the lenders have agreed to relax the Total Net Senior First Lien Secured Leverage Ratio and Interest Coverage Ratio tests through 2021.
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North Mill Capital Announces the Funding of an Accounts Receivable Facility to Metromedia Technologies, Inc.
September 30, 2019The funds will be used to pay off the previous lender and provide additional working capital for the company.
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Gibraltar Business Capital Announces Another Increase in its Credit Facility with Wells Fargo
September 30, 2019Gibraltar Business Capital, an industry leader in alternative financing for middle-market businesses, announced an increase in its credit line with Wells Fargo, N.A. In 2018, Wells Fargo raised Gibraltar’s facility from $75 million to $100 million. This new increase takes the line up to $125 million, giving the asset-based lender additional capacity to serve its market.
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Capital One Leads Senior Credit Facility for e2p’s Acquisition of Daniele
September 30, 2019Capital One announced today that it led a senior credit facility in support of the acquisition of Daniele International, LLC (“Daniele” or the “Company”) by Entrepreneurial Equity Partners (“e2p”). Capital One acted as lead arranger and administrative agent for the transaction.
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Celtic Capital Corporation Announces New Client Relationship
September 30, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that distributes dry and frozen vegetarian food products.
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Wesdome Gold Mines Closed Its Previous Announced Refinancing of Credit Facility
September 30, 2019Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) is pleased to announce that on September 27, 2019 it closed its previously announced senior secured revolving credit facility (“NBF Facility”), with National Bank Financial Inc. (“NBF”) acting as the sole arranger.
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