TCF Capital Provides Financing to Support Linx Acquisition
TCF Capital Funding provided $13.5 million in senior secured credit facilities to support the acquisition of Gullett and Associates by Linx Partners and management.
TCF Capital Funding provided $13.5 million in senior secured credit facilities to support the acquisition of Gullett and Associates by Linx Partners and management.
Monroe Capital LLC announced the funding of a $37.85 million unitranche credit facility to support the recapitalization of MooreCo, a portfolio company of Webster Capital.
Keith Hembre, chief economist at U.S. Bank, notes in his 2013 outlook that the economy is nowhere near its productive capacity and a sharp slowing in profit growth in recent quarters suggests the outlook for business investment is “fairly muted.”
BMO Harris Bank’s Sponsor Finance group said it was sole lead arranger, sole bookrunner and is administrative agent for $21 million in senior credit facilities to support an acquisition by Educational Services of America.
Oak Street Funding increased its credit facility to $55 million, with four institutions led by BMO Harris Bank. The other participating banks include PrivateBancorp, Lake City Bank and First Merchants Bank.
The Ex-Im Bank announced it will guarantee a $780K loan to be made by UPS Capital Business Credit to finance the export of photovoltaic solar modules from Suniva to a project in Mexico.
Square 1 Bank provided a credit facility to Halcyon Healthcare that will be used to support the company’s organic growth and provide working capital to fund future acquisitions.
North Mill Capital said it funded three transactions, which in the aggregate totaled $4.55 million to borrowers located in NJ and WI.
J D Factors announced it closed six transactions encompassing factoring facilities for three transportation, two construction and one distribution company, which in the aggregate totaled $2.15 million
CIT reported Q4 net income of $207 million, $1.03 per share, was up from $36 million or $0.18 per share for the year-ago quarter. Analysts polled by Thomson Reuters expected the company to earn $0.61 per share.