Onset Financial said it is continuing funding on a $4.2 million food production line for a publicly traded Fortune 500 company. Onset said it provided an equipment finance package that met the low-cost needs of the customer while allowing the project to install over an extended timeframe.
Main Street Capital has priced a public offering of 3.75 million shares of its common stock in an underwritten public offering. Pricing was set at $22.50 per share, and net proceeds from the offering are expected to be $80.8 million.
Frontera Investment entered into a new $5 million senior credit facility from Salus Capital Partners.
Bloomberg reported at a hearing before the House Financial Services Committee, SEC chairman Mary Schapiro said the agency has a “wide panoply” of penalties at its disposal to pursue sanctions against JPMorgan if investigators find the bank violated disclosure or other rules.
Triangle Capital announced that it closed a $6 million subordinated debt investment in Xchange Technology Group.
Salus Capital Partners announced that it has recently surpassed $100 million in new loan commitments through May 2012. Salus has provided loans to ten companies throughout North America and in situations ranging from turnarounds to emerging growth stories.
The Wall Street Journal reported that MetLife appears likely to miss its original June 30 goal for completing the sale of most of its online banking business to GE Capital.
Horizon Technology Finance and Silicon Valley Bank have provided a $15 million venture loan facility to Aquion Energy, a developer and manufacturer of Aqueous Hybrid Ion batteries and energy storage systems.
Bloomberg reported that Congress’ inquiry into JPMorgan Chase’s $2 billion trading loss has reignited the question of whether a bank can grow too large and complex for its own executives to oversee.
Following the successful conclusion of a pair of private wholesale auctions in New York during April and May, Buxbaum Jewelry Advisors (BJA) announced that it now plans on holding at least three such events per year.