News

TAB Bank is opening a Los Angeles Loan Production Office to better serve its new and existing clients in the Western Region.

Rockland Trust provided a $4 million revolving line of credit through its Asset Based Lending team to Simonds Saw, a manufacturer of high-quality industrial blades and files for cutting and shaping metal.

Loot Crate has sold substantially all its assets to an affiliate of National Entertainment Collectibles Association (NECA) from its Chapter 11 case in the District of Delaware.

Wells Fargo Capital Finance (UK) provided acquisition and working capital financing to funds managed by affiliates of Fortress Investment Group for the take private of Majestic Wine Warehouses – formerly part of Majestic Wine. _x000D_ _x000D_

SG Credit Partners provided a $4 million credit facility to a full-service mechanical contractor located in the Midwest.

Synovus Bank closed $138 million in new asset-based lending transactions in the last six months of 2019.

Stenn International has closed a six-figure trade receivables finance program for a trading company based in New York that sources photographic paper from Canada. _x000D_ _x000D_

_x000D_ LBC Credit Partners provided a senior secured credit facility to support the acquisition of EDSCO Fasteners by MiddleGround Capital._x000D_

Wells Fargo Capital Finance (UK) worked with Bridgepoint Credit to provide Acorn Growth Companies with a funding package to support its acquisition of Aerospares 2000, a supplier of aftermarket parts to the commercial aviation industry.

Bluestone Resources has entered into a $30 million credit facility with Natixis.