Today’s News

Last Updated: Friday, November 21, 2014, 4:45 pm

Gibraltar Closes Recent ABL, Factoring Deals

Gibraltar recently closed several recent ABL and factoring deals.

Hercules Provides Genocea Debt Facility

Genocea Biosciences entered into a loan and security agreement with Hercules Technology Growth Capital for a term loan of up to $27 million.

Unemployment Filings Lowest in More Than 10 Years

According to a labor department report, fewer Americans filed for unemployment benefits last week as the need to retain staff keeps firings at the lowest levels in more than a decade.

SSG Wins Technology, Media, Telecom Deal of the Year

SSG Capital Advisors received the Technology, Media, Telecom Deal of the Year Award-$100 Million to $1 Billion, for its role in the restructuring of FriendFinder Networks.

Wells, GE, J.P. Morgan Arrange $205MM ARC Refi

ARC Document Solutions entered into a $205 million facility arranged by Wells Fargo Securities, GE Capital Markets and J.P. Morgan Securities.

MidCap Completes ABL for Texsport

MidCap Business Credit completed a $4.75 million ABL to Southern Exchange dba Texsport. The revolver is supported with advances against the company’s A/R and inventory.

East West Provides NephroGenex Term Loan

NephroGenex closed a $12 million term loan with East West Bank. Funds will be utilized for working capital purposes, including the advancement of the company’s clinical development programs.

Franklin Square Capital Leads Sunnova Funding

Sunnova Energy secured an additional $250 million in committed funding, led by business development companies sponsored by Franklin Square Capital Partners.

Crestmark Closes More Than $14MM in H1/November

Crestmark secured a total of $14.2 million in financial solutions for eight new clients in the first half of November.

Middle Market Retailers Optimistic for the Holiday Season

CIT said its annual retail outlook study of more than 250 senior middle market retail executives found cautious optimism among respondents with 55% saying holiday sales will increase by 6% or more in 2014.

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