News

Ares Management reported its financial results for its fourth quarter and year ended December 31, 2018.

Austin Financial Services closed a $5 million senior secured credit facility for a full-service custom automation and manufacturing company that services the medical and life sciences, consumer goods and aerospace markets.

Super G Capital provided a $2 million bifurcated credit facility to a cloud-based media monitoring and intelligence platform with contracted, recurring revenue.

The AllCap Participation Fund provided a $150,000 direct loan to a communications company specializing in systems, alarms management and contract manufacturing selling primarily to municipal and federal government agencies.

The ABF Journal and abfjournal.com office will be closed on Monday, February 20 in observance of Presidents’ Day.

Ares Capital reported GAAP new income of $153 million, net investment income of $203 million and net realized and unrealized losses of $50 million for the fourth quarter of 2018.

Shoe manufacturer and retailer Crocs amended its credit agreement with PNC Bank as administrative agent and KeyBank as syndication agent.

OnDeck announced fourth quarter 2018 net income of $14 million, an increase from $9.8 million from the previous quarter. The company’s full year 2018 net income of $27.7 million was significantly improved from its net loss of $11.5 million in...

Elevate Credit, a tech-enabled provider of online credit solutions for non-prime consumers, amended the credit facilities for its four products with alternative investment firm Victory Park Capital.

InfuSystem Holdings, a national provider of infusion pumps and related services for the healthcare industry in the U.S. and Canada, amended its existing credit facility with JPMorgan Chase Bank.