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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
LBC Credit Partners provided a $56 million senior secured term loan to support the acquisition of Klaussner Home Furnishings by Monomoy Capital Partners.
Syntax Systems acquired Core Services to create a North American technology services firm offering cloud managed services. TD Securities served as administrative agent and joint bookrunner and joint lead arranger with National Bank of Canada for the senior secured credit facilities.
During Q1/17, Lawrence Financial Group conducted financing transactions with a total value of more than $30 million.
Maxim Crane Works entered into a stock purchase agreement to acquire Coast Crane. To support the acquisition, Coast entered an amendment to its credit agreement with Wells Fargo as agent.
The Opus Bank board of directors added Paul G. Greig, former chairman, president and CEO of FirstMerit, to its board.
Ubiquiti Networks amended its credit agreement with Wells Fargo Bank as administrative agent, to increase the revolving loan commitments from $200 million to $300 million.
JPMorgan served as administrative agent for Swift Energy’s amended and restated credit facility, under which the borrowing base was increased to $330 million and the maturity was extended to April 2022.
Wells Fargo has established a new Southwest Division of its Middle Market Banking business, to be led by Senior Vice President Neal Crapo.
Cantor Fitzgerald added former head of Equities Trading at Barclays Pascal Bandelier as its global head of Equities, based in New York.
Sallyport Commercial Finance recently provided a $300,000 accounts receivable facility, including both international and domestic sales, to a creative camera lens manufacturer.