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.