Daily News: April 9, 2013

Amalgamated Capital Closes $6MM Facility With Axis Global

Amalgamated Capital (AmalCap), the leveraged finance division of Amalgamated Bank, announced that it closed on a three-year, $6 million revolving credit facility to Axis Global Systems. Proceeds of the credit facility will be used to fund ongoing working capital and help give Axis the flexibility and support to continue to grow its business.

“Axis Global Systems has an excellent track record of success and a strong reputation in the logistics and transportation industry, focusing on supply chain solutions. I am pleased to be able to work with Tom LoPresti and the Axis leadership team,” said Robert Love, executive vice president and head of AmalCap. “We are confident in the abilities of the Axis management team and believe their client-centric approach is paramount to their success.”

Axis Global Systems is a domestic and international freight forwarder primarily servicing the advertising, printing, food, financial services, entertainment, electronics and medical sectors

AmalCap provides asset-based financing to individual companies as well as asset-based and cash-flow based senior secured financing to support investments made by private equity sponsors in lower middle-market companies across the United States.