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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
GE Capital announced it is serving as administrative agent and joint lead arranger on a $585 million senior secured credit facility for RadioShack. The facility was provided with an additional $250 million term loan arranged by Salus Capital.
First Capital announced it provided a $6.8 million credit facility to Advanced Pipeline Services consisting of a $5 million working capital revolving line of credit and a $1.8 million term loan.
Gunvor Group said it signed a $1.515 billion revolving credit facility. Credit Suisse AG, RBS and Societe Generale, among others, served as book-running mandated lead arrangers in the facility.
Wells Fargo announced the opening of its Capital East Regional Commercial Banking Office in Bethesda, MD. Thirty-year banking veteran David Straut, regional VP, will lead the new office.
Ruby Tuesday entered into a four-year revolver under which the company may borrow up to $50 million, replacing a previous $200 million facility. Bank of America served as administrative agent and issuing bank.
ORIX Leveraged Finance announced the closing of a unitranche debt facility for Luxury Optical Holdings. ORIX served as lead arranger, administrative agent and sole lender.
Gibraltar Business Capital closed a revolving line of credit for EcoSMART Technologies, a provider of safe pesticide solutions.
The TMA Northeast Chapter elected James E. Fleet, Phoenix Management Services senior managing director and shareholder, as chapter president. Fleet joined TMA’s Northeast Chapter in 1999 and has served on its board of advisors for nearly ten years.
BMO Harris Bank’s Sponsor Finance group announced it was joint lead arranger and joint bookrunner, and is administrative agent for $25 million in senior credit facilities to Porter and Chester Institute.
Pacific Mercantile Bancorp announced that Jill Fatál joined Pacific Mercantile Bank as SVP and relationship manager in the Commercial Banking division.