- TAB Bank Completes $46 Million Acquisition of BAMFi’s BAM Capital Division
- Koppers Successfully Reprices and Upsizes Term Loan B
- Northleaf Capital Partners Leads $100 Million Second Lien Credit Facility to Cutting Edge Group
- MidCap Financial Closes $44mm Senior Secured Credit Facility to AleraCare
- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
MidCap Business Credit Completes $2.5 Million Asset-Based Credit Facility to UG Plast, Inc.
November 16, 2020
Source: MidCap Business Credit
MidCap Business Credit announced today that it has completed a $2.5 million asset-based credit facility to UG Plast, Inc. Headquartered in York, PA , UG Plast , Inc. is a manufacturer of multi-wall polycarbonate, solid polycarbonate, and corrugated polypropylene sheets selling to distributors. These distributors serve construction, printing display, sign, medical, industrial packaging, and OEM markets.
The opportunity was sourced out of MidCap’s regional office in Baltimore, MD. Bruce Pavesich, Senior Vice President of MidCap Business Credit, LLC, said, "We were able to structure a flexible Asset Based Line of Credit to expand the company’s existing vendor relationships and provide additional liquidity. We look forward to working with the company and helping them achieve their goals and grow the business.”
MidCap Business Credit provides asset-based credit facilities to small and middle market businesses nationwide, who have borrowing requirements from $2MM to $20MM.
In This Section