News

Proterra, a provider of heavy-duty electric transportation, will partner with Mitsui to create a $200 million credit facility in support of a battery lease program. The facility will enable transport companies to purchase electric-powered buses and lease the batteries.

According to the Golub Capital Middle Market Report, middle market private companies in the Golub Capital Altman Index experienced approximate year-over-year earnings growth of 9.5% and revenue growth of 9.3% during the first two months of Q1/19.

Catalent, a provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, will acquire Paragon Bioservices for $1.2 billion.

Industry veteran Matthew Miller has joined the Tiger Group as senior director of Appraisals. _x000D_ _x000D_

Reuters reported that U.S. online lenders such as LendingClub, Kabbage and Avant are scrutinizing loan quality as they prepare for an economic downturn.

Austin Financial Services completed a $5 million senior secured credit facility, comprised of an A/R and inventory revolver, for a manufacturer of specialty trucking equipment and accessories located in the Midwest.

TAB Bank provided a $1.675 million revolving credit facility to a California-based trucking company.

_x000D_ The Wall Street Journal reported that despite positive retail sales, mall store are continuing to shutter._x000D_ _x000D_

Encina Business Credit has provided a $15 million senior secured revolving credit facility to an oil field services company.

Sanford (Sandy) R. Climan has joined Lazard as a senior advisor in Financial Advisory, effective immediately. _x000D_ _x000D_