Keltic Funds $2MM United Utilities Revolver
Keltic Financial Services announced the recent funding of a $2 million senior secured revolving line of credit for United Utilities.
Keltic Financial Services announced the recent funding of a $2 million senior secured revolving line of credit for United Utilities.
Top Shelf Brands Holding announced it signed a financing agreement for $5 million with River North Equity.
Deloitte acted as financial advisor to Level Four Orthotics & Prosthetics in its growth capital recapitalization with Penta Mezzanine Fund, allowing the company to execute strategic acquisitions.
Amerisource announced it closed and funded a $300,000 factoring facility for a parts manufacturer in the auto, aerospace and firearms industries.
PNC Bank announced the closing of $25 million in financing for Keywell Metals. The transaction includes a $20 million ABL, a $5 million term loan and treasury management services.
NewStar Business Credit announced it provided credit facilities totaling $10 million to Alfred Publishing.
CIT Corporate Finance, Healthcare served as the sole lead arranger in a $50 million senior secured credit facility for QMES, a distributor of durable medical equipment to patients in nine states.
BMO Harris Bank’s Sponsor Finance group announced it was sole lead arranger and sole bookrunner, and is administrative agent for a $33.5 million facility to Novel Ingredient Services.
In a news release, Sears Holdings said it completed its separation of the Lands’ End business and received a $500 million dividend. Lands’ End also entered into a $175 million ABL and a $515 million term loan and indicated in a related 10-K filing that Bank of America was retained to assist in arranging a syndicate of institutional lenders to provide the facilities.
Crestmark said it named Robert J. Parks as first vice president, West Coast region sales manager. Previously, Parks served at PNC Business Credit, Bay View Financial and Orion Capital.