MidCap Provides ABL to Anthem Leather
MidCap Business Credit announced it completed a $4 million ABL to Anthem Leather.
MidCap Business Credit announced it completed a $4 million ABL to Anthem Leather.
King Trade Capital announced the recent funding of a $10 million purchase order finance facility for a New Jersey-based importer and distributor of consumer electronics.
Extreme Plastics Plus, a portfolio company of Hastings Equity Partners, said it acquired American Well Service. EPP said financing for the transaction was provided by RBS Citizens.
Tennenbaum Capital Partners announced that Carolyn Glick joined TCP. Glick will source and execute credit investments across the firm’s performing and special situation credit strategies.
National Funding said CapitalSource Lender Finance provided a new $50 million credit facility to support the company’s ability to invest in new products and to expand its marketing presence.
According to the FDIC’s Q2/14 report on insured U.S. banks, the average net interest margin fell to 3.15% from 3.25% in Q2/13, which was the lowest quarterly margin for the industry since Q3/89.
According to an SEC filing, Amazon.com entered into a credit agreement with a lender group led by Bank of America, as administrative agent.
Endurance Wind Power recently closed a $10 million revolver with Comerica Bank, supported by Export Development Canada under its Export Guarantee Program.
Ridgemont Equity Partners announced the closing of a majority equity investment in Abrasive Products & Equipment. Debt financing partners included Madison Capital Funding, NXT Capital, TIAA-CREF and Stellus Capital Management.
AB Electrolux entered into an agreement to acquire the appliances business of GE in a cash deal worth $3.3 billion. The acquisition will be funded by a bridge facility arranged by Deutsche Bank AG and SEB AB.