Austin Financial Closes $3MM Revolver for Chemical Company

Austin Financial Services closed a $3 million senior secured credit facility comprised of an A/R and inventory revolver for a Southwest-based developer and manufacturer of specialty chemical compounds.

Ortar Joins Austin Financial as VP, Portfolio Manager

Colton Ortar has joined Austin Financial Services’ portfolio team as vice president portfolio manager.

Austin Provides $3MM Revolver to Plastics Manufacturer

Austin Financial Services closed a $3 million senior secured credit facility comprised of an A/R and inventory revolver with an M&E T/L to a manufacturer and seller of rotational molded plastic products.

Austin Financial Closes $5MM Revolver for Manufacturer

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.

Austin Financial Closes $12.4MM Facility for Aerospace Manufacturer

Austin Financial Services closed a $12.4 million senior secured revolving credit and term loan facility for a manufacturer of precision machined components for the aerospace and defense industries.

Austin Provides $4.3MM ABL Facility to Drilling Tool Company

Austin Financial Services funded a $4.3 million asset-based credit facility for a drilling tool technology company in the oil and gas industry.

Austin Financial Funds $5MM ABL Facility for Midwest Manufacturer

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.

Austin Financial Hires Three in Portfolio Management & Operations

Trevor Longsworth joined Austin Financial Services as vice president/auditor, while Esther Nuevas and Marilyn Barnes joined as senior collateral analysts in the Los Angeles office.

Austin Funds $1.5MM ABL Facility for Restaurant Equipment Importer

Austin Financial Services recently funded a $1.5 million ABL credit facility for an importer/wholesale distributor of restaurant equipment and furniture. The facility is comprised of an A/R revolver with an inventory sub-line.

Austin Financial Funds $5MM ABL Facility for Lighting Company

Austin Financial Services funded a $5 million ABL credit facility for a 34-year-old publicly traded manufacturer of lighting systems which specializes in environmentally efficient lighting applications.