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ABL Industry Service Providers & Specialty Lenders
MidCap Business Credit announced it completed a $4 million ABL to a distributor of food service, work place safety and janitorial supplies headquartered in the Mid-Atlantic region.
FirstMerit Bank Business Credit announced it closed a new $8.5 million revolver to Roosevelt Capital on June 27, 2014. Proceeds were used to refinance existing debt and provide working capital.
US Capital Partners added J. Alfred Ritter and Renee A. Volaric as VPs in the San Francisco and NYC markets, respectively. Previously, Ritter served at Columbia Capital Advisors, while Volaric joined from RB Milestone Group.
Alvarez & Marsal named Bruce Stevenson managing director, focusing on building the firm’s Quantitative Advisory Services practice. Previously, Stevenson served at HSBC North American and BNP Paribas.
Oxford Finance closed an $8 million senior secured term loan agreement with Natrix Separations. Proceeds of the loan will be used for working capital.
Bank of America Business Capital announced it led an ABL to support the merger of The Vintner Group and Winebow.
The Wall Street Journal reported two former Dewey & LeBoeuf executives settled a civil suit brought by the defunct firm’s bankruptcy trustee to recover nearly $22 million.
CapX Partners announced the closing of a $13 million senior loan facility to support the growth needs of Karmaloop.
Deloitte Corporate Finance acted as financial advisor to Solid Concepts in its sale to Stratasys for total consideration of up to $295 million.
GemCap announced the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies.
Jul 23, 2014: IFA: DIP Factoring Facilities Webinar
Jul 24, 2014: ABI Southeast Bankruptcy Workshop
Jul 31, 2014: ABI 19th Annual Mid-Atlantic Bankruptcy Workshop
Aug 5, 2014: IFA: Financial Statement Analysis Training Webinar
Aug 13, 2014: ABI Hawaii Bankruptcy Conference