Today’s News
Hercules Capital Receives New $200MM Facility Arranged by MUFG
Hercules Capital replaced its existing $100 million credit facility with MUFG Union Bank with a new $200 million credit facility, under which City National, Umpqua Bank, Hitachi Capital America and Mutual of Omaha Bank joined MUFG as lenders.
Wintrust Financial to Acquire Oak Bank
Wintrust Financial signed a definitive agreement to acquire Rush-Oak, the parent company of Illinois-based Oak Bank, for an aggregate purchase price of approximately $46 million.
Encina Provides $25MM ABL Revolver to Electronics Repair Company
Encina Business Credit provided a $25 million asset-based revolving credit facility to an electronic device repair company.
Arboretum Commercial Finance Opens New Headquarters, Hires Leas as CEO
Arboretum Group subsidiary Arboretum Commercial Finance opened its new headquarters in Atlanta and hired Robert “Chip” Leas to serve as its CEO.
Prudential Capital Closes $343MM Mezzanine Fund, Appoints Hemsey as PCEP MD
A few months after closing Prudential Capital Energy Partners I, a $343 million energy mezzanine fund, Prudential Capital has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners.
SunTrust Agents $210MM Credit Facilities for Zix
SunTrust Bank served as administrative agent on $210 million in credit facilities for Zix, a provider of e-mail security solutions.
Veritas Closes $9MM Credit Facility for Integrated Equipment
Specialty finance company Veritas Financial Partners closed a $9 million credit facility for Integrated Equipment, a global designer, manufacturer and distributor of equipment for oilfield services clients.
Rosenthal Provides $4.5MM Facility for Sports Brand Designer
Rosenthal & Rosenthal completed a recent $4.5 million factoring deal with an Alabama-based designer, marketer and distributor of licensed sports-related gifts, collectibles and home décor products.
Citizens Agents ABL Financing for Merfish/United Pipe & Steel Merger
Citizens Commercial Banking led a senior secured asset-based financing for Merfish Pipe Holdings, a portfolio company of One Equity Partners, to support its acquisition of United Pipe & Steel.
Capital One Provides Loan for Seniors Housing Portfolio Acquisition
Capital One provided a bridge loan to Bridge Investment Group Partners for the acquisition of an eight-asset, 1,359-unit seniors housing portfolio from Somerby Senior Living.
Recent Headlines
Events
Feb 27, 2019: AIRA 15th Annual Wharton Restructuring & Distressed Investing Conference
Feb 27, 2019: VALCON 2019
Feb 27, 2019: ABI Complex Financial Restructuring Program
Mar 2, 2019: 27th Annual Duberstein Moot Court Competition & Gala Awards
Mar 5, 2019: IFA/NYIC Northeast Joint Factoring Event
Mar 7, 2019: TMA Florida 2019 Winter Conference
- all events
