Sterling National Bank provided senior secured credit facilities totaling $8.5 million to heating contractor Ice Air. The facilities will be used to refinance existing debt and to provide working capital for the company’s future projected growth.
Amerisource Business Capital closed a $1 million senior credit facility for a Texas-based healthcare staffing firm. The proceeds were used to refinance the company’s prior loan and to provide additional growth capital.
According to an 8K filed with the SEC, Jefferies Finance is serving as first lien administrative agent and first lien collateral agent for the repricing of Sotera Health’s first lien term loan facility. The changes to the facility will result in an effective reduction in current interest rates of 2.25%.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $50 million asset-based credit facility to a U.S.-based digital media and advertising company to support continuing growth.
Capital Southwest agented a first lien term loan to support O2 Investment Partners’ investment in Flip Electronics. PNC Bank served as first-out lender on the transaction and provided a revolving credit facility. Main Street Capital also served as a last-out lender on the term loan.
TAB Bank provided a $1.5 million asset-based credit facility to a Michigan-based manufacturing company. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.
Huntington Business Credit closed a $17.5 million credit facility for InfoCision, an Akron, OH-based operator of telemarketing call centers. Proceeds of the facility were used to refinance existing debt and to provide ongoing working capital growth financing.