Federal National Closes Three Transactions
Federal National Commercial Credit said it has provided working capital financing lines to three small businesses, totaling $6.1 million.
Federal National Commercial Credit said it has provided working capital financing lines to three small businesses, totaling $6.1 million.
Ignyta, a personalized medicine company, announced that Silicon Valley Bank expanded its support through an additional $1 million capital term loan facility. The new facility is incremental to Ignyta’s previous $500,000 facility with SVB.
According to the ISM’s survey, economic activity in the manufacturing sector expanded in February for the third consecutive month, and the overall economy grew for the 45th consecutive month.
The ABF Journal announced that registration is now open for the Sixth Annual Education and Networking Conference to be held Thursday, April 4, 2013 at the Villanova University Conference Center in suburban Philadelphia.
Troutman Sanders announced the addition of a three-lawyer team to its Lending and Structured Finance practice. Joining the firm as partners from Greenberg Traurig are Jeffrey M. Rosenthal and Thomas P. Duignan and associate Nneoma A. Maduike.
Firestone Financial said it added Berkshire Bank to its bank group and signed a $150 million, multi-year revolving credit facility.
Kodak reached an agreement with the Steering Committee of the Second Lien Noteholders to amend the terms for the previously-announced interim and exit financing package. The amendments provide Kodak with additional flexibility to execute its reorganization and emergence from Chapter 11.
During the month of February, Crestmark funded a total of $24.35 million in financial solutions for 12 new clients.
Business Capital said it provided close to $20 million in financing and restructuring solutions for new clients during the first part of 2013.
First Capital provided a $13.5 million asset-based senior credit facility to a distributor of automotive accessories. The facility is collateralized by accounts receivable and inventory.