Daily News: December 1, 2014

Garrison Arranges $100MM Speed Commerce Facility

Garrison Investment Group announced the funding of a $100 million term loan credit facility to Speed Commerce. Proceeds from the transaction will be used to refinance an existing term loan facility and finance the acquisition of Fifth Gear, a single-source provider of order management, fulfillment, and customer care services.

Garrison acted as lead arranger and syndication agent on the transaction.

Dallas, TX-based Speed Commerce is a single-source provider of e-commerce service solutions to leading retailers and manufacturers.