Gateway Trade Funding, a purchase order and trade financing company, recently completed 10 purchase order transactions, including a $2.5 million facility for a U.S. importer of hand sanitizer selling to Fortune 500 U.S. corporations.
Keystone Insurers Group and Bain Capital Credit launched Keystone Agency Investors, a platform to acquire and invest in U.S. retail insurance agencies. The platform launches with the objective of deploying at least $500 million of capital over the next several years.
Mountain Province Diamonds entered into a waiver agreement related to its senior secured revolving credit facility agreement with the Bank of Nova Scotia serving as administrative agent and lender and Nedbank serving as lender.
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, renewed and expanded its senior secured credit facility for Mersino Management, providing an additional $5.1 million of borrowing capacity.
During the Q2/20, Capitala Finance received more than $51.1 million in repayments from its portfolio companies, including $17.8 million in full repayment of its debt investments in Flavors Holdings.
Silicon Valley Bank provided a $15 million credit facility to Nasuni as part of a combined $40 million financing package that also included $25 million in new equity financing.
The approval percentage for small business loan applications at banks with more than $10 billion in assets rebounded from 11.5% in May to 13.5% in June, according to Biz2Credit Small Business Lending Index.
Wunder Capital partnered with funds managed by Ares Management’s infrastructure and power strategy (AIP), Cyrus Capital Partners and Keyframe Capital to provide financing for more than $100 million in commercial solar loans.
Vernacare, a portfolio company of H.I.G. Capital carved out the infection prevention business from Frontier Medical Group, including the brands Sharpsafe, Clinisafe and eXchange. Terms of the transaction were not disclosed.
Republic Bank added Pedro Bryant as EVP and managing director of community lending. In the newly created role, Bryant will help economically challenged communities and small businesses grow through new programs, including a $3 million community loan fund.