Republic Business Credit provided a $3.5 million ledgered line of credit and a $250,000 unbilled receivables facility to QX Logistix, and also partnered with Change Capital to supply a $750,000 subordinated debt facility along with a third party.
Jon Harmon joined Virtas Partners as director, leading the firm’s strategic communications services. Virtas Partners is an advisory firm helping clients navigate acquisitions, corporate restructurings, turnarounds and other business transitions.
Amerisource Business Capital closed and funded a $4 million credit facility for a manufacturer of lift and power management systems in Texas. The proceeds were used to refinance existing bank debt and to provide additional growth capital.
Monroe Capital reported the purchase of more than 237,500 shares of Monroe Capital common stock by officers and directors of the company and senior management of Monroe Capital Management Advisors, an affiliate of the company’s investment advisor.
AMNS Luxembourg Holding entered into a $5.146 billion 10-year term loan agreement with Japan Bank for International Cooperation, MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank Europe and Sumitomo Mitsui Trust Bank (London branch).
In response to current market volatility and the COVID-19 pandemic, law firm Schulte Roth & Zabel reconstituted its market conditions working group from the global financial crisis.
ABN AMRO will be automatically deferring payments of interest and principal for six months for 55,000 commercial banking clients with a credit facility of up to €2.5 million, meaning interest and principal payments due in April through September will not be collected.
Kimberly Smotherman joined Allied Affiliated Funding as chief credit officer, factoring and asset-based lending. Smotherman is responsible for credit risk management and portfolio oversight.
Bank of America Securities acted as sole book runner and sole lead arranger for a new $150 million syndicated secured revolving credit facility for Radiant Logistics.
Bell Bank in Phoenix appointed Brandon Brown as SVP/commercial banking manager and Adaliz Gimenez as VP/commercial banker.