KTC Provides PO Facility for Consumer Electronics Importer
King Trade Capital announced the recent funding of a $10 million PO finance facility for an importer and distributor of consumer electronics.
King Trade Capital announced the recent funding of a $10 million PO finance facility for an importer and distributor of consumer electronics.
The Wall Street Journal reported RadioShack is stuck in negotiations with its lenders over plans to close as many as 1,100 stores, complicating turnaround efforts, according to people familiar with the talks.
Oxford Finance and Silicon Valley Bank announced a $7.5 million expansion to an existing $5 million term loan with Sorrento Therapeutics.
Mark J. Locher joined Gemino Healthcare Finance as a managing director, focusing on marketing and loan originations. Previously, Locher was with Presidential Financial, NewStar Business Credit and BMO Capital Markets.
Gavin/Solomnese was awarded Retail/Manufacturing Deal of the Year Award for its role in the sale of Oreck to Royal Appliance.
First Capital said it provided a $7 million asset-based credit facility to Don Rose Oil. The deal encompasses a revolver secured by A/R and inventory, and a term loan secured by machinery and equipment.
Square 1 Bank provided a $3 million credit facility to Accelerize New Media, which owns and operates CAKE, a SaaS-based marketing solution. Proceeds will provide working capital to support future growth.
Siena Lending Group announced the completion of a $8.5 million debtor-in-possession revolving credit facility for Pacific Steel Casting Company to support the sale of the company through the 363 bankruptcy sale process.
Layne Christensen Company closed a five-year, $135 million senior secured ABL revolver. PNC Bank served as administrative agent, co-collateral agent and lender for the lending syndicate.
AloStar Business Credit announced it provided a $15 million senior secured revolver and a $2 million equipment term loan to Southwest Oilfield Products.