Franklin Capital Provides $4MM in A/R Financing Facilities
Franklin Capital recently completed two new accounts receivable financing facilities, including a $3 million facility to a UK-based IT equipment supplier.
Franklin Capital recently completed two new accounts receivable financing facilities, including a $3 million facility to a UK-based IT equipment supplier.
Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group commenced store closing sales at 137 J. C. Penney stores across the United States.
GA Global Partners, a B. Riley Financial company, will conduct an online public auction of the assets of Second Sight Medical Products on June 25. GA Global is conducting the auction of Second Sight’s assets in connection with the orderly wind down of its operations.
According to an 8K filed with the SEC, JPMorgan Chase Bank served as administrative agent on an amendment to WW International’s revolving credit facility, increasing the commitments to $175 million from $150 million.
InterNex Capital and Utech Global have formed a digital partnership to provide a solution for Utech’s clients to manage their transportation business while optimizing their working capital.
Customers Bank promoted Andrew Bowman to senior executive vice president and member of the office of the chair. Bowman leads a team of more than 50 financial professionals involved in credit underwriting, loan work-out, collections, appraisals, environment orders and reviews.
Citizens Commercial Banking acted as lead left arranger on a $150 million asset-based revolver for St. Ann, MO-based Moran Foods, the owner and operator of Save A Lot.
James L. Ugalde joined Jennings Haug Cunningham as a partner with the firm’s banking, financial services and creditors’ rights practice. Ugalde previously practiced at JHC from 2004 to 2006 as an associate.
Contango entered into an amendment to its credit agreement, with JPMorgan Chase as administrative agent, which includes a reduction of its borrowing base to $95.0 million.
Seacoast Banking promoted Charles Shaffer to president and COO. In addition, Shaffer will become CEO in December. The company also promoted Tracey Dexter to EVP and CFO and Jennings Walker to EVP, treasurer and director of corporate strategy.