Daily News: April 24, 2012

Ally Commercial Finance Expands Funding for Business Growth


Ally Commercial Finance announced the closing of a $300 million revolving secured credit facility from Deutsche Bank to support the continued growth of its business. The facility is secured by a portfolio of first lien secured loans.

Ally Commercial Finance provides senior secured loans to middle-market companies across a diversified group of industries including manufacturing, healthcare, retail, automotive, aerospace and defense. Its loans are typically utilized by private equity sponsors to support leveraged buyouts, acquisitions, recapitalizations and restructurings.

George Triebenbacher, president of Structured Finance at Ally Commercial Finance, said,