NewStar Business Credit Provides Revolver to Quantum
NewStar Business Credit announced it provided a $13.5 million revolving credit facility to Canada-based recruitment and staffing firm Quantum Management Services Group.
NewStar Business Credit announced it provided a $13.5 million revolving credit facility to Canada-based recruitment and staffing firm Quantum Management Services Group.
Fifth Street Management announced the closing of Fifth Street Senior Loan Fund II, a $305 million multi-tranche financing facility for which Natixis served as sole lead arranger and placement agent.
TD Bank promoted Robert A. Bryant to assistant vice president, relationship manager in Commercial Banking, based in Burlington, MA.
Las Vegas Sands announced it completed an amendment to its credit facility with a lender group led by DBS Bank and agent.
Bloomberg reported U.S. household purchases unexpectedly decreased 0.1% in July, the first drop in six months, after rising 0.4% the prior month, Commerce Department figures showed.
According to the August report of the Credit Managers’ Index (CMI) from the National Association of Credit Management, there was no change from July’s 56.8, marking the fifth month of readings between 56 and 56.8.
GE Capital’s Commercial Distribution Finance business said it sees positive trends in the Canadian motorsports and RV industries, while the marine industry is experiencing a slowdown after last year’s accelerated growth.
Invacare announced it completed the sale of Altimate Medical to Rockwood Equity Partners for approximately $23 million in cash. Invacare will use the proceeds to reduce debt outstanding under its revolver.
CapitalPlus Equity provided a factoring facility for $125,000/month to a masonry and stucco subcontractor doing work for commercial clients located in the South Central U.S.
Crossroads Financial announced it provided a sports apparel manufacturer and wholesaler with a $1 million inventory revolver.