Business Capital Closes Powis Parker Multi-Tranche Facility
Business Capital structured and secured a $9 million financing package for Powis Parker, a manufacturer of professional desktop binding, photo-binding machines and consumable products.
Business Capital structured and secured a $9 million financing package for Powis Parker, a manufacturer of professional desktop binding, photo-binding machines and consumable products.
Augme Technologies secured a two-year, accounts receivable credit facility from Silicon Valley Bank, which allows the company to borrow up to $5 million.
Alimera Sciences secured a $20 million debt facility from Silicon Valley Bank. The facility will finance accounts receivable in Europe and replaces the existing credit line, also provided by SVB.
Salus Capital Partners provided a $35 million senior secured credit facility to Manus Holdings, a manufacturer of industrial products.
CIT provided a $20 million senior secured loan to Mesilla Valley Transportation. The financing will be used towards acquiring new tractors and trailers.
Kayne Anderson Middle Market Credit and Comvest Partners provided a $24 million term loan to SCG Financial Acquisition to fund the combination of Reach Media Group Holdings and Symon Communications Holdings.
BIOLASE, a manufacturer of dental lasers, said that Comerica Bank has increased its credit facility from $8 million to $10 million and decreased both the domestic and Ex-Im interest rates.
Veritas Financial Partners provided a $2 million senior secured revolving line of credit and an $800,000 term loan for a U.S. cell tower service provider.
FilmNation Entertainment announced that it negotiated $50 million in additional capital with an equity-backed, revolving multi-bank credit facility with Bank of America Merrill Lynch and Union Bank.
Information Services Group executed a new $70 million, five-year credit agreement, arranged by Bank of America. The financing is set to mature in mid-2018.