NuBridge Commercial Lending entered a $73.5 million, 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank.
NuBridge Commercial Lending completed a new senior secured revolving credit facility with Cadence Business Finance, a division of Cadence Bank. The initial size of this 36-month committed credit facility is $20 million and is expected to grow to at least $50 million.
Rosenthal & Rosenthal appointed Dan Rogers vice president and senior underwriter in the company’s Atlanta office. Rogers most recently served as vice president and senior underwriter at AloStar Capital Finance, which is now known as Cadence Business Finance.
Cadence Bank rebranded AloStar Capital Finance, a division of the bank that provides asset-based lending and specialty finance solutions, to Cadence Business Finance. In addition, Norbert Schmidt was appointed executive vice president and director of capital finance.