Daily News: March 25, 2013

US Capital Partners Closes Seven Transactions


US Capital Partners announced seven deals totaling $67 million. The deals include:

  • a $14 million facility consisting of a $ 2 million line of credit and a $12 million term loan to a Texas-based provider of chemical-free water treatment services to the oil and gas industry seeks working capital;

  • a $2M term loan to a Florida-based nutraceutical development and sales company seeking acquisition capital;

  • an $8 million A/R facility to a Canadian-based developer and manufacturer of oil, gas and water process solutions seeking working capital;

  • a $12.5 million term loan to an Ohio-based developer seeking working capital to complete and market existing and future real-estate projects;

  • a $1.5 million M&E term loan to an Alaska-based precious metals processing plant seeking working capital;

  • a $24 million term loan to a Kansas-based manufacturer of natural gas compressor units seeking working capital; and

  • a $5 million M&E term loan to a Texas-based drilling company seeking working and acquisition capital.