First Capital Provides Flavored Water Company ABL
First Capital provided a $6 million ABL facility to Hint, a maker of flavored water. The senior credit facility consists of a working capital revolver secured by A/R and inventory.
First Capital provided a $6 million ABL facility to Hint, a maker of flavored water. The senior credit facility consists of a working capital revolver secured by A/R and inventory.
Denbury Resources entered into a new five-year revolver, which has a maximum facility size of $3.5 billion and an initial borrowing base of $3 billion. JPMorgan Chase served as administrative agent.
ScripsAmerica said it has secured a $4 million line of credit from Trimph Healthcare Finance.
CapX Partners closed on a $5.5 million mezzanine debt loan to GRO-WELL Brands to support the company’s growth needs.
GE Antares is serving as administrative agent on the $1.005 billion first lien portion of a $1.3 billion facility to support the acquisition of Packaging Dynamics by NOVOLEX. GE Capital served as joint lead arranger and joint bookrunner.
NewStar Financial served as lead arranger and administrative agent for senior credit facilities provided to Integro.
DS-Concept provided a $4 million export A/R facility to a multinational shrimp exporter headquartered in Spain with facilities in the U.S. and Argentina.
Gulf Coast Business Credit recently welcomed Tom McGaughy as VP, business development to lead its new office in San Antonio, TX.
The New York Times reported JPMorgan Chase‘s CFO said the bank was hopeful it would be able to reach new, higher capital requirements with only “surgical” changes, while at the same time the bank’s profitable trading business faced a “challenging environment.”
KPS Capital Partners’ portfolio company Electrical Components International entered into a definitive agreement to acquire Global Harness Systems. BofA Merrill Lynch and GE Capital Markets acted as lead arrangers on the acquisition financing.