GemCap closed $20.3 million in new credit facilities in Q4/16. Outlined below are brief descriptions of the transactions:

• $3 million DIP revolving facility to Backwoods, an Austin, TX-based outdoor retailer with 10 locations across Texas, Oklahoma, Kansas and Colorado
• 5.3 million initial funding of a $10 million revolver to Sysorex, a provider of data analytics and location-based solutions and services to commercial and government customers
• $12 million revolving facility to a greenhouse grower of tomatoes and other vegetables

GemCap provides senior-secured, commercial asset-based loans to low and middle market businesses within the U.S. and Canada, as well as in-transit inventories en route to the U.S.