Citizens Provides $10MM ABL to Active Sports Lifestyle USA
Citizens announced it provided a $10 million asset-based revolver to Active Sports Lifestyle USA (d/b/a Active Ride Shop), a portfolio company of Tengram Capital Partners.
Citizens announced it provided a $10 million asset-based revolver to Active Sports Lifestyle USA (d/b/a Active Ride Shop), a portfolio company of Tengram Capital Partners.
Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project.
Pacific Mercantile has extended a $12 million line of credit to Poms & Associates to help finance the company’s operations.
Sanchez Energy announced the borrowing base under its revolving credit facility was changed from $550 million to $500 million. Royal Bank of Canada served as administrative agent.
ON Semiconductor will acquire Fairchild Semiconductor for $2.4 billion. Bank of America Merrill Lynch and Deutsche Bank committed a $2.4 billion term loan and a $300 million revolver to support the acquisition.
Forest product manufacturer Tembec entered into a new $150 million ABL revolver and a $62 million FILO facility with Wells Fargo Capital Finance Canada as administrative agent and PNC as syndication agent.
MB Business Capital provided a new $8 million senior credit facility to Bridgman, MI-based Great Lakes Metal Stamping, a steel and aluminum stamping operation.
Private investment firm Excelsior Capital Partners said its portfolio company Artissimo Designs has closed on a $15 million revolving ABL credit facility with PNC Bank.
Oxford Finance closed a $7.29 million senior secured term loan and a $1 million revolver with Birchwood Health Care Properties.
Small business lending firm LQD Business Finance said it closed a $30 million credit facility with Route 66 Ventures.