Horizon Technology Finance and Square 1 Bank have provided a $7 million venture loan facility to Mitralign, a cardiac device company. Under the terms of the venture loan facility, Horizon provided a commitment of up to $4 million to Mitralign and Square 1 Bank provided a commitment of up to $3 million.
Bloomberg reported that U.S. regulators are set to choose the first non-bank companies likely to be branded potential risks to the financial system. GE Capital has said it expects to be named systemically important.
Versa Capital Management announced the creation of Civitas Media, which combines four media entities owned by Versa. A lender group led by RBS Citizens is providing a new $62.5 million facility to support the merged organization.
In CIT’s latest U.S. Capital Markets Outlook, Neil Wessan, managing director and group head of CIT Capital Markets, explains that post-Great Recession middle-market businesses seeking financing are no longer focusing on finding the cheapest cost of funds.
The Wall Street Journal reported that a former UBS banker who helped the U.S. government unleash an international crackdown on tax evasion was awarded $104 million in what is believed to be the largest ever whistleblower payout to an individual.
GE Capital, Healthcare Financial Services announced it has committed over $925 million in financing for healthcare facilities year-to-date.
Support Services of America (SSA) has announced the closing of a debt refinancing and growth recapitalization with Praesidian Capital. FocalPoint Securities served as SSA’s exclusive financial advisor on the transaction.
CIT Global Vendor Finance announced the launch of e-Quiportal, a new suite of online services to support the changing needs of manufacturers and resellers of equipment, including cloud solutions, managed services and usage-based billing.
Private equity firm Prophet Equity said its portfolio company, Allegiance Crane & Equipment, has completed the purchase of the assets of USA Mobile Crane.
Hercules Technology Growth Capital announced its quarter-to-date Q3 2012 portfolio update. As of September 10, 2012, Hercules has originated commitments of over $93 million to new and existing portfolio companies. In addition, Hercules provided over $25 million in commitments to existing portfolio companies.