Marco Financial provided an international trade finance facility totaling $9 million to Spectralink Corporation, a Boulder, CO-based portfolio company of Sun Capital Partners and provider of on-site enterprise mobile communication solutions.
Trade Finance Solutions funded a $3 million ABL revolving credit facility for a New York-based manufacturer of jewelry and other consumer products.
Barry Kastner, formerly executive vice president and head of ABL at Bibby Financial Services, joined Trade Finance Solutions as senior managing director and national business development director.
ABL veteran Barry Kastner talks about his plans to expand Bibby Financial Services’ ABL offerings. After spending several years working with big banks and entrepreneurial companies, Kastner says Bibby’s family-owned, people-focused culture makes him feel like he’s flown back to the future and found his perfect new home.
Bibby Financial promoted Barry Kastner to executive vice president, head of business for the company’s large business unit after being hired to lead its asset-based lending platform just four months prior.
For Barry Kastner it’s always been a matter of trusting his instincts and striking the right balance. And it’s no surprise that the 33-year veteran of Congress Financial and its successor, Wachovia Capital Finance, assimilated the qualities of strong credit discipline and a customer-centric approach to find himself in the top ABL spot at America’s ‘most convenient bank.’