FirstMerit Closes Motor Castings Company Revolver
FirstMerit Bank Business Credit closed a $10 million revolving credit loan and term loan facility to Motor Castings Company.
FirstMerit Bank Business Credit closed a $10 million revolving credit loan and term loan facility to Motor Castings Company.
Utica Leaseco appointed Jim Junker to the position of VP. Junker, formerly an SVP at Wells Fargo Bank, has more than 25 years of experience in leveraged finance, ABL and investment banking.
Marquette Business Credit provided a $6 million revolver secured by accounts receivable and inventory to The Industrial Group to refinance its existing line of credit and to support its continued growth.
Amerisource Funding announced the closing and funding of a $1 million working capital revolver, secured by A/R for an organic food distributor in New York.
Paul Hastings advised debt financing providers in connection with the acquisition by certain affiliates of The Carlyle Group of Acosta. JPMorgan acted as administrative agent for the associated term loan and facility.
Clearsight announced several transactions were named as finalists in its 13th Annual M&A Advisor Awards.
Angie’s List announced it entered into a new $85 million credit agreement to provide increased financial flexibility for investments in growth. TCW Asset Management Company served as administrative and collateral agent.
Reuters reported Angelo Gordon set up a middle market direct lending business with the appointment of Chris Williams and Trevor Clark, who co-founded and built the direct lending business at Madison Capital Funding and previously served at GE Capital and Bank of America.
American Apparel reportedly appointed an interim chief executive and replaced its CFO. Scott Brubaker, an Alvarez & Marsal managing director, is said to be serving as interim CEO.
Marquette Business Credit said it funded a $5 million credit facility for Concrete Related Products, a Lone Star Investment Advisors portfolio company.