Sierra Income Adds Key Equipment Finance to Facility
Sierra Income closed an additional $30 million of commitments to its revolver, arranged and led by ING Capital. Key Equipment Finance joined the lending group and committed $30 million.
Sierra Income closed an additional $30 million of commitments to its revolver, arranged and led by ING Capital. Key Equipment Finance joined the lending group and committed $30 million.
Federal National Commercial Credit announced it recently closed a $6 million ABL credit facility for an expanding Southeast courier service.
Main Street Capital announced it recently led a financing totaling $15.9 million of invested capital in Mystic Logistics to support the majority recapitalization of Mystic.
Riveron Consulting announced David Brink was promoted to market director in the firm’s Washington, D.C., office, and Grant Pollworth joined the firm’s Chicago office as a new director of business development.
Access Capital closed a $1 million credit line against A/R and inventory for a provider of specialized metal products to the aerospace, automotive, oil & gas, electronics and consumer goods industries.
CapitalSource announced it provided an additional loan facility to Evolve IPTM. Serving as administrative agent and lead arranger, CapitalSource upsized the existing Evolve IP facility to $42.2 million.
TCF Capital Funding announced it provided secured financing to support the ongoing operations and expansion of Mail Communications Group in conjunction with its ongoing partnership with Stone Arch Capital.
Bank of America Business Capital announced it led a $22.1 million asset-based revolver to support the acquisition of Hansen by ElectroCraft.
The SEC charged a former bank executive and his friend with insider trading in advance of the bank’s acquisition of another financial institution.
RBS Citizens hired Russell J. Herakovich as managing director and head of the Commercial Healthcare Banking Group. Previously, Herakovich served as managing director at GE Capital, Healthcare Financial Services.