Tree Line Expands Lower Middle Market Lending with $267MM of New Capital

Tree Line Capital Partners expanded its lower middle-market direct lending platform with $267 million of new capital. The company also promoted Frank Cupido to partner.

HCA, Citi Provide Financing for Alpha Natural Resources

Alpha Natural Resources entered into a new $60 million A/R purchase facility with Hitachi Capital America and a new $200 million letter of credit facility with Citibank.

Besgen to Retire from Hitachi Capital America

William H. Besgen, senior advisor/vice chairman emeritus and former vice chairman, president and board director of Hitachi Capital America, will retire on March 31, 2017.

Hitachi Capital America Achieves 65% Funded Volume Growth in 2016

Hitachi Capital America reported $3.8 billion in funded volume in 2016, an increase of 65% from 2015. In addition, the company recorded $2.8 billion in total assets, up 44% from 2015

Hitachi Capital America Enters Partner-Finance Program with FastPay

Hitachi Capital America and FastPay entered into a partner-finance program to provide liquidity to enterprise-segment clients within the digital economy.

Creekridge Capital Becomes Hitachi Capital America Vendor Services

Creekridge Capital, which was acquired by Hitachi Capital America earlier this year, will now operate as Hitachi Capital America Vendor Services and continue to provide vendor financing programs, products and services.

Former GE Capital Exec Joins Hitachi Capital America as SVP/CCO

Suzanne Santos joined Hitachi Capital America as senior vice president operations and chief credit officer. Santos was previously with GE Capital as a managing director of Risk Data and Analytics.

Former GE Capital SVP Joins Hitachi Capital as VP of Structured Finance

Chris Pagano joined Hitachi Capital America as vice president and general manager of its Structured Finance segment, responsible for leading the team’s growth efforts in the technology and energy finance markets.

Hitachi Provides $100MM to Support TradeRocket’s Finance Platform

TradeRocket announced Hitachi Capital America has committed to provide up to $100 million of funding to the mid-market through TradeRocket’s supply chain finance program.

Hitachi Capital America Funds $1.4B in Trade Finance Transactions

Hitachi Capital America’s newly-formed trade finance division funded more than $1.4 billion through December 31, 2015 and plans to fund more than $2 billion in its fiscal year ending March 31, 2016.