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- Matador Resources Company Announces Amendment to Its Credit Facility and Completion of Natural Gas Pipeline Connections
- Paragon 28 Announces New $150 Million Credit Facility Replacing Existing $90 Million Credit Facility
- Accord Announces Amendments to its Banking Facility
Blacksail Capital Partners Closes $5,875,000 Credit Facility for Industrial Plant Completion
December 5, 2019
Source: Blacksail Capital Partners
Blacksail Capital Partners announced the closing and funding of a $5,875,000 senior credit facility for a sponsor owned Industrial Manufacturer based in North Carolina. Proceeds of this term loan are being used for the completion of a brand new manufacturing facility and to support working capital for future growth.
James Franz, President of Blacksail Capital Partners USA, stated: “We are pleased that the Garrington Group of Companies is able to help the sponsor and this innovative Industrial Manufacturer complete construction of their plant that will usher in a whole new technology for its industry sector. Blacksail was a perfect solution to ensure that the Industrial Manufacturer had the capital to grow their business. We look forward to growing our partnership with the manufacturer for many years to come.”
For more information, please contact James Franz, President of Blacksail Capital Partners USA at (716) 867.1166 or via email at james.franz@blacksailcp.com; or John Levac, President of Blacksail Capital Partners Canada at (416) 708.8746 or via email at john.levac@blacksailcp.com.
About Blacksail Capital Partners (Canada & USA)
Rebranded to Blacksail Capital Partners (“Blacksail”) from Next Edge Commercial Finance (in Northeast USA and Canada) in September 2019 to better reflect the change in ownership and becoming a member of the Garrington Group of Companies, Blacksail was established to complement Liquid Capital’s factoring business to focus on Asset Based Loans ranging from $1 million to $30 million.
Blacksail focuses its expertise on providing working capital solutions to the underserved small to the mid-sized middle market sector in North America. Serving many industries including; manufacturing, transportation and logistics, staffing, digital media, and consumer goods, amongst others, the company strives to provide quick access to capital, which would typically be more flexible than banks.
Further information can be found at www.blacksailcapitalpartners.com.
About Garrington Group of Companies
The Garrington Group of Companies was formed with the mission to oversee and fund entrepreneurial factoring and asset-based lending companies with creative and optimal financial solutions in order to serve the North American small and medium business space. The Garrington Group of Companies is a close-knit group of experienced and seasoned professionals who resolutely embrace a shared culture of respect, integrity, and optimism, to make North American SME businesses stronger.
The Garrington Group consists of three exclusive loan origination companies branded as Blacksail Capital Partners, IconiQ Finance and Liquid Capital, each with its own unique value proposition, and made up of a collective team of over 50 experienced loan originators.
Further information can be found at www.garringtongroupco.com.
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