Artaflex, a specialist at delivering integrated product solutions and support to the global technology and electronics industry, announced it closed a refinancing of its asset-based credit facility with Royal Bank of Canada.
Money Advice Group, one of the UK’s leading financial solutions companies, is embarking on a comprehensive growth strategy after securing an asset-based lending facility worth £10 million, with PNC Business Credit.
Roynat announced its newly rebranded private equity division, Roynat Equity Partners, which will seek to partner with mid-market private companies, primarily through equity investment, to provide the financing needed to successfully grow and achieve the business’ goals.
Carole-Ann Miller, president of Halifax-based Maple Trade Finance, has been elected to Atlantic Business Magazine
TowerJazz, a global specialty foundry provider, has signed an asset-based credit line agreement with GE Capital to provide up to $50 million, with a cap of $30 million until June 2013.
Canadian chief financial officers of middle-market companies are positive about the current state of their own industry as well as the domestic economy, according to the first Canadian Mid-Market CFO Survey by GE Capital, Canada.
GE Capital, Corporate Finance announced it is administrative agent for a $70 million asset-based credit facility for Le Chateau, a Canadian specialty retailer and apparel manufacturer. The loan will be used to refinance existing debt and support working capital needs.
Lucara Diamond announced it has signed a definitive agreement with The Bank of Nova Scotia (Scotiabank) for a US$25 million revolving term credit facility with a maturity date of March 16, 2014
Bayside Capital has completed an investment in Desmet Ballestra. The new-money investment forms part of a comprehensive debt restructuring aimed at reducing indebtedness and establishing debt terms consistent with the company’s financial performance.
Hewden Stuart, a provider in the UK plant hire sector, has extended its £100 million asset-based lending funding package with RBS Invoice Finance until 2015.