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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
Bridge Capital announced Mark Breneman joined the Southern California Technology Banking Team as SVP and business line manager.
Aspire Bariatrics closed on up to $12 million in venture debt financing with Hercules Technology Growth Capital.
Fortis Payment is partnering with Biz2Creditto give Fortis’ services access to Biz2Credit’s small business lending marketplace.
Midwest Asphalt completed a $17.6 million balance sheet recapitalization with Callidus Capital. Proceeds will be used to refinance existing debt, provide additional working capital and support a bonding program.
Oxford Finance closed a $7.4 million senior secured term loan with Vita Healthcare Group. Funds will be used for the purchase of Diamond Hill Nursing and Rehabilitation Center in Troy, New York.
Jay Chandler joined Evercore’s Investment Banking business as a senior managing director in its Equity Capital Markets Group. Previously, Chandler served as head of Global Equity Syndicate at Bank of America Merrill Lynch.
Webster Business Credit said it provided a $5.3 million revolving line of credit to Richardson Foods.
SGI completed a $70 million term loan financing. Tennenbaum Capital Partners led the financing, and Morgan Stanley Senior Funding acted as sole lead arranger and bookrunner.
Dealstruck appointed quantitative expert Shuo Xie for the role of senior quantitative risk analyst.
Small business lender Chris Hurn launched Fountainhead Commercial Capital.