MidCap Business Credit Provides $1.5 Million to Consulting Firm
MidCap Business Credit has completed a $1.5 million asset-based credit facility to an engineering consulting firm.
January 11, 2012
ABF Journal
MidCap Business Credit has completed a $1.5 million asset-based credit facility to an engineering consulting firm.
Golub Capital BDC originated $164.1 million in new middle-market investment commitments during the three months ended December 31, 2011.
“The discovery of shale gas, new drilling technologies and hydraulic fracturing are dramatically transforming the U.S. energy sector,” said Mike Lorusso, group head of CIT Energy in CIT’s 2012 U.S. Energy Sector Overview.
Gemino Healthcare Finance announced it has provided an $8 million revolving line of credit to Doctors Medical Center. The proceeds are being used for working capital purposes.
Hostess Brands and its five subsidiaries have filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The company said that it has received a commitment for $75 million in DIP financing from a group of its existing first lien lenders, led by Silver Point Capital.
GE Capital said its Telecom, Media and Technology financing business completed 38 deals totaling $3.4 billion in financing during 2011.
Monroe Capital funded a $21 million junior term loan and equity investment in partnership with Benton-Georgia’s senior lender, Wells Fargo, which provided a $30 million asset-based lending facility to support the acquisition of the company by Dale LeFebvre.
Tough Economic Questions for Trying Times is the subject of two ACG New York programs slated for January 12 and 17. The events feature economists David Wyss and Irwin Kellner.
The Craft & Hobby Association board of directors announced the appointment of Andrej Suskavcevic as the new president and chief executive officer. Until recently, Suskavcevic served as the president of the Commercial Finance Association.
US Capital Partners has secured a new multi-million-dollar credit facility for Optimus EMR. US Capital acted as sole arranger in the financing.