Specialty Lending Archives

Mitsubishi HC Capital Canada Provides Floorplan Facility to Transportation Company

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, designed a C$15 million ($10.99 million) floorplan financing solution for a transportation solutions provider to expand its physical presence across Canada and maximize its working capital.

May 31, 2023 François Nantel | Mitsubishi HC Capital America | Mitsubishi HC Capital Canada Ian Koplin

O2 Investment Partners Makes Strategic Investment in Capital Services

O2 Investment Partners, through 4M Building Solutions, made an investment in and partnered with Columbus, OH-based Capital Services to grow its janitorial and cleaning services business in the central Ohio region.

May 30, 2023 4M Building Solutions | Capital Services | Christine Mitchell | O2 Investment Partners | Tim Murch Ian Koplin

BMO Amends Lifecore Biomedical’s ABL Revolver

Lifecore Biomedical entered into a broad set of agreements with long-term customer Alcon that provide for the repayment of the company’s existing credit agreement with its current lenders. Concurrently with this arrangement, Lifecore and BMO entered into an amendment to the company’s revolving credit facility.

May 23, 2023 Alcon | BMO | James G. Hall | Lifecore Biomedical Ian Koplin

Clarus Capital Closes $25MM Lease Facility for Sponsor-Backed Components Manufacturer

Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. The financing proceeds will support the installation of new production equipment across multiple facilities.

May 22, 2023 Clarus Capital | Steve O’Leary | Tim Conway Ian Koplin

Essex Capital Group Arranges $14MM Debt Facility for Eclipse Gaming Systems

Essex Capital Group closed a $14 million debt facility for Eclipse Gaming Systems, which used the proceeds of the deal to refinance existing debt and to fund growth.

May 18, 2023 Eclipse Gaming Systems | Essex Capital | Fred Beilstein Ian Koplin

Briar Capital Closes $8.95MM Real Estate Loan for Michigan-Based OEM

Briar Capital Real Estate Fund closed an $8.95 million real estate loan for a family-owned original equipment manufacturer of drivetrain and powertrain assemblies in Michigan.

May 18, 2023 Briar Capital Real Estate Fund | Sue Holliday Ian Koplin

Aurous Financial Provides $500K PO Financing Facility to Food and Beverage Company

Aurous Financial provided a $500,000 purchase order financing facility to a food and beverage company. Aurous completed all UCC, tax, lien and background checks and due diligence procedures within two days.

May 18, 2023 Aurous Financial Ian Koplin

White Oak Supplies $103MM Credit Facility to Orion Group

Orion Group closed a three-year, $103 million credit facility with White Oak ABL and White Oak Commercial Finance. Orion also entered into a $13 million sale-leaseback of concrete segment equipment with Gordon Brothers.

Oxford Commercial Finance Provides $2.5MM A/R and Inventory LOC to Yerbaé

Yerbaé Brands, a producer of plant-based energy drinks, secured a new $2.5 million accounts receivable and inventory line of credit from Oxford Commercial Finance.

May 17, 2023 Bill Finn | Oxford Commercial Finance | Todd Gibson | Yerbaé Brands Ian Koplin

Stellus Capital Management Supports Eagle Merchant Partners’ Acquisition of Impact Home Services

Affiliates of Stellus Capital Management acted as administrative agent and provided senior debt financing and an equity co-investment in support of Eagle Merchant Partners’ acquisition of Impact Home Services, an owner and operator of franchises within Neighborly, a home services company.

Category: Specialty Lending