CapitalPlus Announces $200,000/month Facility to Subcontractor
CapitalPlus Equity announced they provided a factoring facility for $200,000 monthly to a remediation subcontractor. The subcontractor will use the funds to expand their business.
CapitalPlus Equity announced they provided a factoring facility for $200,000 monthly to a remediation subcontractor. The subcontractor will use the funds to expand their business.
AMN Healthcare Services announced it has refinanced its existing credit facilities with a new facility consisting of a $150 million secured term loan a $225 million revolver. SunTrust acted as agent for the lender group.
GE Antares said it is administrative agent on a $66 million credit facility to support the acquisition of Gold Star Foods, a K-12 schools food distributor, by Castle Harlan.
According to GE Capital, IT solution companies face changes to their business model as they adapt to growth in cloud computing.
Signature Bank announced Q1/14 net income reached a record $66 million, up from $50.6 million in Q1/13. The bank said its record performance was primarily due to an increase in interest income, fueled by record deposit growth and strong loan growth.
Business Capital secured an $8.5 million DIP loan for Pacific Steel Casting.
Capital Business Credit provided an $8.8 million ABL facility to Sabin Robbins Converting. The financing assisted the equity sponsor, Theca, in its acquisition of Sabin.
Heritage Commerce said Michael Hansen joined as SVP and will head the Corporate Finance Division of Heritage Bank of Commerce. Previously, Hansen served as EVP at Avidbank, where he also founded the Corporate Finance Group.
The Business Development Bank of Canada, in partnership with the TMA, Montreal Chapter, launched the BDC Entrepreneurial Resiliency Award that will recognize a business that has come back stronger after undergoing a turnaround.
Stroock & Stroock & Lavan said Jayme Goldstein, a partner in the Financial Restructuring Practice Group, was recognized by Turnarounds & Workouts as one of 2014’s “Outstanding Young Restructuring Lawyers.”