Republic Business Credit Provides $6.75MM Asset-Based Loan to Temporary Staffing Company
Republic Business Credit provided a $6.75 million asset-based loan to a temporary staffing company that outgrew its current bank lender.
Republic Business Credit provided a $6.75 million asset-based loan to a temporary staffing company that outgrew its current bank lender.
Barnes & Noble Education, a provider of solutions for the education industry, entered into an agreement on terms of new equity and refinancing transactions, including refinancing its existing asset-backed loan facility, providing the company access to a $325 million facility.
Aequum Capital funded $9.1 million in credit facilities for a regional provider of metal stamping and fabrication solutions. The credit facilities will support the company’s ongoing working capital and future growth needs with a revolving line of credit and equipment term loan.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of TouchMath by Leeds Equity Partners.
Koppers Holdings, a provider of treated wood products, wood treatment chemicals and carbon compounds, completed the repricing and upsizing of its secured term loan B, increasing the principal balance to $497 million. Wells Fargo is acting as administrative agent for the term loan.
Great Rock Capital provided $33 million of capital through a senior secured credit facility to a sponsor-owned pharmaceutical manufacturing and packaging company.
Rosenthal & Rosenthal completed an $11 million asset-based lending transaction for a seafood importer and distributor. In 2023, the seafood company found itself in a turnaround situation with a highly concentrated customer. The client’s Chicago-based turnaround consultant brought in Rosenthal as a potential financing partner.
Mountain Ridge Capital provided a $24 million senior secured credit facility to a fashion apparel distributor. The facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality and support new business growth.
Ardagh Investments Holdings Sarl, an unrestricted subsidiary of Ardagh Group, a supplier of recyclable metal and glass packaging, executed definitive documentation for a new senior secured credit facility with Apollo Capital Management.
Endo Finance Holdings, a wholly-owned subsidiary of Endo, Inc., priced its seven-year, $1.5 billion senior secured term loan. Goldman Sachs Bank USA served as left lead arranger on the term loan.