credit facility Archives

Victory Park Capital Closes $100MM Credit Facility for Sétanta Development Capital

Victory Park Capital, an alternative investment firm specializing in private credit, closed a $100 million credit facility for Sétanta Development Capital, a Charlotte, NC-based residential real estate financing provider. The transaction will support Sétanta’s acquisition and development financing for residential land developers.

Mountain Ridge Capital Provides $24MM Credit Facility to Fashion Apparel Distributor

Mountain Ridge Capital provided a $24 million senior secured credit facility to a fashion apparel distributor. The facility refinanced the debt of another lender and will be utilized to manage through working capital cyclicality and support new business growth.

April 16, 2024 credit facility | Jay Fabian | Mountain Ridge Capital Brianna Wilson

MidCap Business Credit Provides $15MM Asset-Based Credit Facility to Plastic Suppliers

MidCap Business Credit completed a $15 million asset-based credit facility for Plastic Suppliers, a manufacturer of thin-gauge, bio-based and petrochemical-based films for a range of consumer-packaged goods market segments and applications.

April 5, 2024 Bruce Pavesich | credit facility | Harvi Basko | MidCap Business Credit | Plastic Suppliers Brianna Wilson

SLR Business Credit Closes $500K A/R Credit Facility for BeYou Cosmetics

SLR Business Credit funded a $500,000 accounts receivable credit facility for BeYou Cosmetics, a manufacturer of natural skincare products. BeYou used the funding to pay off its previous lender and as additional working capital for the company’s continued growth.

April 4, 2024 BeYou Cosmetics | credit facility | SLR Business Credit Brianna Wilson

Eclipse Business Capital Provides $15MM Credit Facility to Connector & Cable Manufacturer

Eclipse Business Capital provided a $15 million senior secured asset-based lending credit facility to a connector and cable manufacturer that primarily serves the telecommunications industry.

March 25, 2024 credit facility | Eclipse Business Capital Brianna Wilson

Mountain Ridge Capital Provides $30MM Credit Facility to Southeastern Food Distributor

Mountain Ridge Capital closed a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining in the Southeast.

March 19, 2024 credit facility | Jay Fabian | Mountain Ridge Capital Brianna Wilson

Huntington Business Credit Provides $10MM Credit Facility to Pharmaceutical Company

Huntington Business Credit closed a $10 million new credit facility with Capital Wholesale Drug Company, a pharmaceutical distribution provider headquartered in Columbus, OH, which used proceeds of the facility to refinance existing debt and provide ongoing working capital financing.

March 14, 2024 Capital Wholesale Drug Company | credit facility | Huntington Business Credit Brianna Wilson

First Business Bank’s Asset-Based Lending Team Funds $15MM Credit Facility to Support Acquisition of Industrial Company

First Business Specialty Finance recently closed and funded a $15 million revolving line of credit through its asset-based lending team. The facility funded the acquisition of a Michigan-based industrial distributor of manufacturing supplies and metalworking products.

March 14, 2024 credit facility | First Business Bank Brianna Wilson

Eclipse Business Capital Provides $85MM Credit Facility to Electronics Retailer

Eclipse Business Capital provided an $85 million senior secured asset-based lending credit facility to an electronics retailer. The transaction will refinance the company’s existing revolving credit facility and provide additional liquidity for working capital purposes.

March 5, 2024 credit facility | Eclipse Business Capital Brianna Wilson

White Oak Closes New $120MM Alliance Entertainment Credit Facility

Alliance Entertainment closed a new three-year $120 million senior secured asset-based credit facility with White Oak Commercial Finance, replacing its revolver with Bank of America.

December 22, 2023 Alliance Entertainment Holding | Bruce Ogilvie | credit facility | Jeff Walker | White Oak Commercial Finance Ian Koplin

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