Daily News: October 17, 2013

EverBank Commercial Finance Closes Gemino Revolver

Gemino Healthcare Finance announced the closing of a $100 million four-year revolving credit facility with an accordion feature that allows for the expansion of the facility up to an aggregate of $150 million. The new facility, provided by EverBank Commercial Finance, replaces an existing facility and affords Gemino an even greater ability to fund small and mid-size healthcare companies.

“This new credit facility further enhances our financial strength and flexibility by providing more lending capacity for current and future clients,” says Gemino chief executive officer and president Tom Schneider. “We appreciate the confidence that EverBank has in our company and look forward to continuing with a strong and stable growth strategy.”

“EverBank is pleased to provide this credit capacity to Gemino, with its history of strong lending performance, stringent controls, and collection infrastructure. We look forward to supporting the growth of the business in the future,” states David D’Antonio, EverBank’s managing director of Lender Finance.