News

Encina Business Credit provided a $25 million asset-based revolving credit facility to an electronic device repair company.

Citizens Commercial Banking led a senior secured asset-based financing for Merfish Pipe Holdings, a portfolio company of One Equity Partners, to support its acquisition of United Pipe & Steel.

Capital One provided a bridge loan to Bridge Investment Group Partners for the acquisition of an eight-asset, 1,359-unit seniors housing portfolio from Somerby Senior Living.

Shoe retailer Payless voluntarily filed for relief under Chapter 11 of the Bankruptcy Code for the second time in 18 months. Ankura Consulting Group will serve as the company’s restructuring advisor through this additional bankruptcy process.

Encina Business Credit provided a $35 million senior secured credit facility to an information technology services company.

CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services.

Monroe Capital acted as co-lead arranger on the funding of a senior credit facility to support the growth of MINDBODY by private equity sponsor Vista Equity Partners.

Abacus Finance Group served as administrative agent and sole lender on senior secured credit facilities to support LongueVue Capital’s growth capital investment in Select Express & Logistics.

Lighthouse Financial completed a $2.5 million revolving line of credit for a distributor of retail display fixtures.

CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.