Directed Capital closed on a $40 million credit facility from Pacific Western Bank and received a combined $60 million in two other separate credit facilities from Goldman Sachs Bank ($40 million) and Valley Bank ($20 million).
ACAP SME, an SBA-approved non-bank lender and national loan aggregator (purchaser) of Paycheck Protection Program (PPP) loans, in partnership with The Loan Source, ACAP’s servicing team, signed a deal to utilize Biz2Credit’s Biz2X PPP Forgiveness Platform.
Matrix Capital Markets Group, an independent investment bank, advised EnergyUnited Electric Membership on the sale of its wholly-owned propane distribution subsidiary, EnergyUnited Propane, to ThompsonGas.
TAB Bank provided a $2.5 million asset-based revolving credit facility for manufacturing trucking based in Florida. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.
GSO Capital Partners committed $250 million in capital to Blackstone’s new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.