News

Scorpio has received a commitment from Nordea Bank, through its New York branch, and DVB Bank for a loan facility of up to $90 million.

TAB Bank provided a $4 million revolving credit facility for a technology company located in New Jersey. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Sallyport Commercial Finance supplied a recognized market leader in metal manufacturing with a $1.9 million accounts receivable facility, $500,000 inventory facility and a $250,000 term loan.

Aluar Aluminio Argentino secured a $56 Million Credit facility from EKF Denmark’s export credit agency. Citibank Europe, UK Branch acted as facility agent, and Citibank acted as collateral agent on the transaction.

Goldgroup Mining closed an agreement with Accendo Banco, multiple banking institution, for a $1.8 million secured medium term loan facility.

_x000D_ Riemer & Braunstein, a law firm that specializes in banking and finance, added Stephen Queenan as an associate in its Commercial Finance practice, in its Boston office._x000D_ _x000D_

Ankura promoted seven of its valued professionals to senior managing director._x000D_ _x000D_

TrueNorth Capital Partners acted as financial advisor to Asahi Kasei Corporation on its acquisition of Sage Automotive Interiors from Clearlake Sage Holdings, the 100% owner of Sage and a portfolio company of Clearlake Capital Group.

PNC Bank served as administrative agent for a $80 million credit facility for Shur-Line, a portfolio company of Nova Capital Management. The financing will support Nova’s acquisition of World and Main.

Arms-maker Sturm, Ruger closed a $40 million revolving line of credit with Wells Fargo.