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.

Austin Financial Funds $1.5MM ABL Facility for Oral Device Manufacturer

Austin Financial Services funded a $1.5 million ABL credit facility comprised of an accounts receivable revolver on behalf of an innovator and manufacturer of sleep disorder oral appliances.