Hana Financial closed two separate credit facilities, totaling $2 million, to Nylon Media and Socialyte, both portfolio companies of Diversis Capital.

Socialyte is a developer and distributor of branded media through a network of more than 550 creative fashion, beauty and lifestyle bloggers and social influencers. Nylon Media is a style, beauty, lifestyle and music brand, reaching its youth audience through its magazine, social media, YouTube and digital properties.

“We informed Hana Financial that we were considering a new lender, and they worked to deliver a revolving credit facility that offered us flexibility, borrowing capacity and ability to grow the line. The line will help us fund the tremendous growth we have been experiencing at Nylon and Socialyte,” said Ron Nayot, managing director of Diversis Capital.

Clark D. Griffith, president of Hana Financial’s ABL division, Hana Business Capital, stated, “We are extremely happy to be entering into a new relationship with Diversis and are excited about working with our new clients, Nylon and Socialyte. Both Diversis and Hana maintain offices in Los Angeles, and Nylon/Socialyte operate out of New York City, where Hana also maintains an office presence, so these transactions represent a perfect fit for our platform.”

Diversis Capital is a Los Angeles-based private equity firm that invests in middle-market companies primarily headquartered in the U.S. and Canada.