Monroe Credit Advisors announced the closing of a $14 million senior secured credit facility by a Northeast-based lender. Proceeds of the loan will be used to recapitalize and provide ongoing working capital for the private electric power generation company.
Business Capital has secured a $600,000 credit facility for an international coffee, chai and tea company based in San Francisco.
Oxford Finance said it closed a $15 million round of debt financing with a provider of outsourced hospital services. The private equity-backed company plans to use the funds for the recapitalization of its business.
Essex Capital Group arranged $500,000 in new financing for a furniture manufacturer headquartered in the Southeastern U.S. Essex Capital acted as the company’s exclusive advisor in this transaction.
Urologix, a medical device company for in-office procedures to treat BPH that provide safe, durable and effective results, announced that it has secured a $2 million credit facility through Silicon Valley Bank.
Federal Signal has signed a proposal letter that outlines certain material terms and conditions for a $215 million term loan. The company also signed a commitment letter for a $100 million senior secured asset-based credit facility.
The Debt Investment Group of GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, acting as agent, announced the completion of a $30 million term loan to Schuff International.
Steel Dynamics has expanded its senior secured credit facility by adding a $275 million term loan facility to its existing five-year $1.1 billion revolving credit facility. Merrill Lynch, PNC Capital Markets and Wells Fargo Securities served as joint and exclusive bookrunners and lead arrangers.
GemCap announced it provided a $3 million credit facility to a jet engine maintenance, repair and overhaul (MRO) Company. The revolving facility allows working capital for growth.
The Senior Secured Loan Program, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, completed 12 financing transactions totaling more than $1.8 billion during the fourth quarter.