TAB Bank Provides $1 Million to ProStar Trucking
TAB Bank announced it has provided ProStar Trucking with a $1 million credit facility. The new facility is based on accounts receivable and has been extended through a multi-year agreement.
TAB Bank announced it has provided ProStar Trucking with a $1 million credit facility. The new facility is based on accounts receivable and has been extended through a multi-year agreement.
Audax Group completed a recapitalization of Thalheimer Brothers. Wells Fargo Capital Finance, Audax Senior Debt and LBC Capital provided financing to support the transaction.
Rotech Healthcare said it has entered into a new $25 million term loan credit facility with Silver Point Finance.
SK Capital Partners acquired the Textile Chemicals, Paper Specialties and Emulsions businesses of Clariant, a specialty chemical company. The transaction is expected to close by the end of the second quarter of 2013.
Private equity firm High Road Capital Partners said it has appointed Bruce Guzowski as chief executive officer of its portfolio company DMCG Holding.
Stifel Financial and Miller Buckfire announced an agreement whereby Stifel has acquired 100% of Miller Buckfire, effective immediately.
Monroe Capital increased its loan commitments to $65 million. Its syndicated credit facility was led by ING Capital.
Gladstone Capital invested $14 million through a combination of debt and equity in Ag Trucking. It was sponsored by 3.5.7.11 Investments.
MicroFinancial’s subsidiary, TimePayment, increased its revolving line of credit from $100 million to $150 million with a bank syndicate led by Sovereign Bank.
According to a Bloomberg story, S&P and Moody’s are cutting corporate debt ratings at the fastest pace since 2009 as a global economic slowdown and record borrowing erode credit quality.