Crestmark Acquires TIP Capital
Crestmark announced it acquired TIP Capital’s equipment leasing and asset management business. The wholly owned subsidiary of Crestmark Bank is named “Crestmark Equipment Finance, a Crestmark Bank Company”.
Crestmark announced it acquired TIP Capital’s equipment leasing and asset management business. The wholly owned subsidiary of Crestmark Bank is named “Crestmark Equipment Finance, a Crestmark Bank Company”.
TD Bank has promoted Stacey M. Donlon to senior loan officer in Healthcare Finance, based in Concord, NH. She joined TD Bank in 2005 as a commercial credit analyst.
RealPage entered into a new revolving credit facility, expanding borrowing capacity to $200 million. Wells Fargo is acting as lead arranger and administrative agent for the financing.
Fifth Street Finance and Fifth Street Senior Floating Rate co-invested in a $195 million one-stop financing facility and an equity in conjunction with Veritas Capital’s acquisition of BeyondTrust.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $24.5 million credit facility to support the acquisition of a consumer products retail company by SPK Capital.
Hitachi Government Finance, a division of Hitachi Capital America, completed $1.6 million in A/R financing to government contractors.
Bloomberg notes that six years into president Barack Obama’s administration, companies in the Standard & Poor’s 500 Index are the healthiest in decades.
NXT Capital announced it provided a $17 million senior secured facility to fund Shorehill Capital’s acquisition of Belt Power.
Exide is seeking approval from its lenders for an extension of its DIP credit facility’s maturity date to March 31, 2015.
Ignyta secured a $31 million term loan facility from Silicon Valley Bank. The company received initial funding of $21 million, approximately $11 million of which was used to repay the company’s existing loan with SVB.