Bridge Bank Supports Sole Source Buyout of Trade Supplies
Bridge Bank’s Corporate Banking group provided senior debt financing to support Sole Source Capital’s leveraged buyout of Trade Supplies.
Bridge Bank’s Corporate Banking group provided senior debt financing to support Sole Source Capital’s leveraged buyout of Trade Supplies.
Capstone Turbine amended its credit facility with Bridge Bank, increasing the line of credit from $12 million to $15 million and reducing the letter of credit interest rate from prime 1.5% to 1%.
Regional banks play an important role in today’s economy, offering personalized services to small and middle-market businesses. They also are expanding into the ABL market to serve those customers. ABF Journal contributor Lisa Miller spoke with ABL executives from four regional banks who shared their thoughts on the economy, the impact of technology and working with alternative lenders.
Snipp Interactive entered into a new $2 million credit facility with Bridge Bank. The credit facility consists of an accounts receivable line of credit for up to $2 million and provides Snipp with additional working capital.
Restoration Robotics reached an agreement with Solar Capital and the Life Sciences Group at Bridge Bank to secure a $20 million debt facility.
CytoSorbents, a critical care immunotherapy leader specializing in blood purification, refinanced its existing $10 million term loan with a new $15 million debt facility with Bridge Bank.
Bridge Bank and Assurance Mezzanine provided funding to support Bridger Capital Partners’ acquisition of Bluffdale, UT-based Old Mill Brick.
BIOLASE secured a $6 million revolving line of credit from Bridge Bank, a division of Western Alliance Bank. Funds from the two-year accounts receivable line of credit will be used for working capital purposes.
Bridge Bank finalized an $8 million credit facility with ANEXIO, an IT services provider for mid-market businesses nationwide.
Bridge Bank expanded its relationship with Tabula Rasa Healthcare through a new $40 million credit facility.