Category: News

ISM: December Manufacturing Activity Up

Economic activity in the manufacturing sector expanded in December for the 29th consecutive month, and the overall economy grew for the 31st consecutive month, said the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Orchard Supply Hardware Amends Facility With JPMorgan, Wells Fargo

Orchard Supply Hardware has entered into an amendment and restatement agreement of its senior secured term loan with JPMorgan Chase Bank as administrative and collateral agent. It also entered into an amended senior secured credit agreement with Wells Fargo Bank as ABL administrative and collateral agent.

Xplore Amends Credit Facility With Far West Capital

Xplore Technologies, a manufacturer of rugged tablet PCs, has amended its accounts receivable purchase agreement with DSCH Capital Partners, (d/b/a Far West Capital), to increase the maximum amount of accounts receivable that Far West could purchase under the facility from $4.75 million to $8.5 million.

Norwest Equity Invests in Actagro; GE, Others Provide Financing

Norwest Equity Partners has made a significant investment in Actagro, a developer, manufacturer and marketer of organic liquid and specialty plant nutrients. Norwest Mezzanine Partners, GE Antares Capital and Madison Capital Funding participated in the financing for this transaction.

Main Street Capital Closes New Portfolio Investment

Main Street Capital has completed a new portfolio investment, consisting of $12.1 million in first lien secured debt and a $2.9 million direct equity investment, in NRP Jones, which supported the acquisition of the NRP group of companies by Main Street and a group of private investors.