K-Swiss has entered into a new $35 million secured revolving credit agreement with Wells Fargo Bank, arranged through Wells Fargo Capital Finance. The new credit facility has an initial four-year term maturing April 23, 2016.
Gemino Healthcare Finance announced it has provided a $7 million revolving line of credit to Anka Behavioral Health. The proceeds are being used to pay off existing debt and provide additional growth capital.
The ABF Journal invites readers to participate in its fifth annual ABL Marketplace Survey. The brief survey is designed to capture the industry’s collective sentiment on doing business in today’s economic environment.
Gibraltar Business Capital said it has hired Heather La Freniere as executive vice president, head of originations. She joins Gibraltar from Wells Fargo Capital Finance.
Eastman Kodak Company and Shutterfly, an Internet-based social expression and personal publishing service, announced that there were no competing bidders to Shutterfly’s $23.8 million stalking-horse bid to purchase certain assets of Kodak’s Kodak Gallery online photo services business.
The National Center for the Middle Market, a partnership between GE Capital and The Ohio State University, said the middle market grew 8.4% in the past year. Although middle-market companies expect revenue growth to slow, they are outpacing projections from large S&P businesses.
Crestmark announced the addition of Scot R. Lund, vice president, Client Services, to the Crestmark team. Lund joined Crestmark from Genesis Turnaround where he was president and CEO.
Cole Taylor Business Capital announced the funding of a $3.5 million facility for Bright Harvest Sweet Potato Co., a processor of frozen sweet potato products in the United States. Proceeds will be used for ongoing working capital needs and to finance growth.
AloStar Bank of Commerce has provided a $15 million secured revolving credit facility to Shoe Sensation, a retailer of brand name footwear and accessories.
NewStar Business Credit has provided Slate Media Group with $18.1 million in credit facilities for the acquisition of the New York operations of Technicolor and certain assets of Telecorps Holdings and its operating subsidiaries. The credit facilities include a $14.1 million revolver and a $4 million term loan.