VCF Secures $10MM Credit Line for E Revolution
E Revolution, a Delaware-based retailer, secured a $10 million line of credit through Richmond-based lender Virginina Commercial Finance. The funds will expand company operations.
E Revolution, a Delaware-based retailer, secured a $10 million line of credit through Richmond-based lender Virginina Commercial Finance. The funds will expand company operations.
Amegy Bank received the Small Business Lender of the Year award from Export-Import Bank of the United States. In FY 2013, Amegy reached more than $100 million in authorizations.
AutoCanada announced it entered into a new flooplan facility totaling $550 million, with Scotiabank as lead syndicate partner and agent. The financing supports the company’s dealership acquisition efforts.
J D Factors announced the closing of seven transactions totaling $2.8 million.
NewStar Financial announced it completed a $348 million term loan debt securitization known as NewStar Commercial Loan Funding 2014-1. Wells Fargo Securities was placement agent and sole book runner.
Akorn entered into a $600 million term loan and up to $150 million of a revolver. JPMorgan served as administrative agent for both facilities. The financing supports Akorn’s acquisition of Hi-Tech.
Crestmark secured a total of $11 million in financial solutions in the first two weeks of April. Among the deals was a $4 million revolver to an office supplies distributor.
TD Bank has named Elana Reiter as vice president, senior lender in New York City. Previously, she served in similar roles at Citibank and M&T Bank.
Salus Capital Partners provided a $17.5 million senior-secured credt facility to Calypso St. Barth. The facility will refinance its current lender and continue store growth.
Wells Fargo announced that banking veteran Jonathan G. Weiss has been named the new head of Wells Fargo Securities, effective May 15, 2014. Prior to joining Wells Fargo in 2005, he spent 25 years with J.P. Morgan.