Today’s News

    HBC Closes Two Facilities Totaling $72.7MM

    Huntington Business Credit provided a $40 million credit facility for TeleTracking Technologies and a $37.2 million facility for Laminate Technologies.

    Varagon Capital Supports AE Industrial Partners Acquisition of AIM MRO

    Varagon Capital Partners is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of AIM MRO by AE Industrial Partners.

    November Chapter 11 Filings Down 32% Y/Y

    The American Bankruptcy Institutes reported commercial Chapter 11 filings decreased 32% in November 2019 over November of last year, according to data provided by Epiq Systems.

    BMO, TD Upsize LOGISTEC Revolver to $228MM

    LOGISTEC has successfully renegotiated its four-year revolving credit facility, increasing the amount to C$300 million ($228 million), with an option to increase the total amount to C$400 million ($303 million).

    Crestmark Tops $32.5MM in Financing in H2/November

    Crestmark provided more than $32.5 million in commercial financing to 95 businesses in the second half of November 2019.

    Kobre & Kim Adds Offshore Litigator Payne

    Ulrich Payne, an offshore and onshore litigator, will be joining Kobre & Kim as a partner in its Cayman Islands office.

    Lawrence Financial Closes $75MM in Fundings in Q2 & Q3

    Lawrence Financial closed $75 million in fundings in the second and fourth quarters of 2019.

    Newbridge Global Closes Two Deals Totaling $40.5MM

    Newbridge Global Sourcing provided a $40 million receivables financing facility to a telecommunications equipment manufacturer and $500,000 in supply chain financing to an outdoor apparel designer.

    InterNex Capital Provides $500K Facility to Printer

    InterNex Capital Provided a $500,000 credit facility to an Arizona-based commercial printer.

    Bolo to Lead CIT Group Southeast Business Development

    CIT Group has named Rob Bolo as director for the Southeast region for its Capital Equipment Finance division.

    Recent Headlines

    CIBC Promotes Spurgin to Head of U.S. Innovation Banking

    BofA, JPMorgan, Others Arrange $1.5B Term Loan for Chesapeake Energy

    Quackenboss Selected as ABI Executive Director

    Santander Bank Agents $120MM Facility for Eastern Company

    Medalist Partners Closes Second Asset-Backed Private Credit Fund