Star Funding provided $15 million financing to a consumer electronics manufacturer and distributor. The facility will be used to provide purchase order finance and accounts receivable factoring.
Pine Brook completed a $45 million growth equity investment in Community Trust Financial, parent company of Community Trust Bank.
In its latest survey of top forecasters, the National Association for Business Economics said economists believe the U.S. will see modest growth in 2013 with strength coming from a further rebound in housing that will help offset weakness in business investment.
Flotek Industries amended its current credit facility with PNC Bank that extends the maturity to Jan. 31, 2013 and allows the company to repurchase up to $40 million of its outstanding convertible notes.
The Fuller Brush Company has sold its consumer assets to Victory Park Capital and its non-consumer assets to Innovative Livestock Services. FocalPoint Securities served as exclusive investment banker to Fuller and marketed the assets to prospective buyers.
Joseph Kiefer joined Bibby Financial’s Midwest team as VP Business Development where he will serve Ohio, Kentucky and Indiana. He has previously worked at LSQ Funding Group and Culture Current Research.
Solar Capital announced that it has entered into a definitive agreement, with SSP Energy, Quartz Managers and Quantum Strategic Partners to acquire Crystal Capital Financial Holdings, a commercial finance company focused on providing asset-based and other secured financing solutions.
CIT Group said that CIT Healthcare served as sole lead arranger in a $15.5 million senior secured credit facility to DeVilbiss Healthcare. The financing was provided by CIT Bank.
GE Capital, Healthcare Financial Services served as administrative agent on a $65 million senior secured credit facility for National Hospice Holdings (d/b/a Life Choice Hospice). GE Capital Markets served as sole lead arranger and bookrunner.
GE Capital, as agent for the pre-petition ABL lenders in the Hostess bankruptcy case, filed a motion in the bankruptcy court objecting to the use of the funds that will result from the hiring of a group of Hilco-related companies as consulting and marketing agents and post-petition lender.