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Wingspire Agents $100MM to successor of Rubie's Costume Company
Wingspire Capital LLC (“Wingspire”) announced that it has agented a $100 million credit facility consisting of an $80 million senior credit facility (co-led by Ares Commercial Finance) and a $20 million second lien credit facility (provided by Atalaya Capital Management) to Rubies II, LLC (“Rubies II”).
Proceeds from the financing were used to purchase substantially all of the assets of Rubie’s Costume Company, Inc. (“Rubie’s”) via a Chapter 11 363 sale process. Proceeds will also be used to fund the on-going working capital needs of Rubies II.
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Halcón Resources Files for Court Approval of Prepackaged Plan of Reorganization
August 7, 2019Halcón Resources Corporation (OTC PINK: HKRS) (“Halcón” or the “Company”) and its subsidiaries today announced that they filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
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ObsEva SA Announces $75 Million Credit Facility with Oxford Finance LLC
August 7, 2019ObsEva SA (NASDAQ: OBSV / SIX: OBSN), a Swiss clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for serious conditions that compromise a woman’s reproductive health and pregnancy, today announced the closing of a $75 million senior secured credit facility with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.
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TAB Bank Provides Drone Manufacturing Company in California with a $10 Million Asset-Based Credit Facility
August 7, 2019TAB Bank is pleased to announce it has provided a $10 million asset-based revolving credit facility for a drone manufacturing company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Vivint Solar Secures New $325 Million Credit Facility Lowering Cost of Debt
August 7, 2019Leading full service residential solar provider announces lender commitment to warehouse debt facility to fund continued growth.
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Latest SFNet Asset-Based Lending Index Indicates Steady Growth
August 7, 2019
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Great Rock Capital Closes $50 Million Senior Secured Credit Facility
August 6, 2019Capital to Fuel Company's New Business Growth Endeavors
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Sterling National Bank Provides $15,500,000 of Working Capital and Acquisition Financing to Wing Inflatables, Inc.
August 6, 2019The credit facilities provide financing for a strategic acquisition and will provide working capital for the company going forward.
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Allied Affiliated Funding Provides $3 Million in Receivables and Inventory Financing
August 6, 2019An existing client of Allied received an acquisition opportunity with an assignment for the benefit of creditors sale and was seeking financing for the purchase, along with ongoing working capital for their operations and growth.
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MUFG Expands Food & Beverage Practice, Hiring Three Senior Restaurant Finance Bankers
August 6, 2019Christopher Addison, Shawn Janko, Jake Nash to Join Bank as Managing Directors
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CIT Serves as Lead Arranger on $60 Million Financing for Carolina Restaurant Group
August 6, 2019CIT Group Inc. (NYSE: CIT) announced that it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.
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Crestmark Provides More Than $41 Million in Commercial Financing to 69 Businesses in the Second Half of July
August 6, 2019Crestmark secured a total of $27,055,000 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $4,673,558 in four new lease transactions; Crestmark Vendor Finance provided $6,870,396 in 49 new lease transactions; the Joint Ventures Division provided $1,369,370 for one new client; and the Government Guaranteed Lending Division provided $2,010,000 in financing for three new clients in the second half of July.
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Travis Smith Joins ENGS Commercial Capital
August 6, 2019In this role, Travis will be responsible for new business origination and other business development objectives in the southeastern U.S.
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OneWest Bank Launches Back to School Program with Local Boys & Girls Clubs
August 6, 2019Through the Bank on Building a Brighter Community campaign two-and-a-half hours of tutoring will be donated for every qualifying checking account opened
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Rosenthal Provides $2M Production Finance Facility for Cosmetics Company
August 6, 2019Rosenthal & Rosenthal, Inc., today announced the completion of a recent $2 million purchase order finance facility to support the production financing requirements of a California-based cosmetic and beauty products company.
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Rhett Bentley Joins UMB Capital Finance
August 6, 2019UMB Capital Finance is pleased to announce that Rhett Bentley has joined its business development team as a Senior Vice President - Asset Based Lending.
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Dan Roderigues Joins Diamond Business Credit
August 6, 2019Diamond Business Credit is excited to announce that Dan Roderigues has joined the firm to lead the new business development effort.
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LBC Credit Partners Supports the Acquisition of Alabama Controls
August 6, 2019LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
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Bristow Group Files Plan Of Reorganization And Disclosure Statement
August 6, 2019Reaffirms Plan to Emerge from Chapter 11 in Fourth Quarter Calendar 2019
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New York's Iconic Luxury Department Store Chain Barneys Files for Bankruptcy
August 6, 2019Barneys secured $75 million in new financing from affiliates of Hilco Global and the Gordon Brothers Group to help it keep operating as it navigates the bankruptcy court, it said in a statement.
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CIT Names Ken Martin as Managing Director of Small Business Solutions Unit
August 5, 2019CIT Group Inc. today announced that Ken Martin has joined the company as managing director of the Small Business Solutions unit, which is part of its Business Capital division, effective immediately.
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