Sterling National Bank’s commercial services group provided a credit line increase of senior secured credit facilities now totaling $7 million to Arrow Security. The credit facilities will provide working capital to further expand and support the company’s future projected growth.
Aligned completed a $1 billion senior secured credit facility — the first U.S. data center sustainability-linked financing. TD Securities was the administrative and collateral agent and Goldman Sachs Lending Partners as the syndication agent.
Oxford Finance closed a $15 million senior secured term loan with Vedanta Biosciences, a clinical-stage biopharmaceutical company developing a new category of therapies for immune-mediated diseases based on defined bacterial consortia.
North Mill Capital provided an $18 million asset-based revolving line of credit to Optical Cable Corporation, which used the funds to refinance a prior lender and to provide additional working capital.