Access Capital Provides Financing to IT Consulting Firm
Access Capital said it provided a $500,000 credit facility to finance a NJ-based IT consulting firm.
Access Capital said it provided a $500,000 credit facility to finance a NJ-based IT consulting firm.
PennantPark Floating Rate Capital entered into an amendment of its revolving credit facility with SunTrust Bank. The facility was increased to $125 million and extended to May 2018.
Martin Midstream Partners said it entered into a new secured revolver with lender commitments of $600 million, up from $400 million. Wells Fargo Securities and RBC Capital Markets were said to have co-arranged the facility.
Medley Capital amended its senior secured revolving and term loan credit facilities. The company also closed $14 million of commitments to the credit facility from AloStar. The credit facility was arranged and led by ING Capital.
Griffon said that it has amended and extended its cash-flow revolving credit facility pursuant to a previously disclosed commitment letter with JPMorgan Chase Bank and J.P. Morgan Securities.
Ferro Corporation amended its existing senior credit facility, with PNC Bank serving as administrative agent and collateral agent. The company’s revolving loan commitment was reduced from $350 million to $250 million.
MidCap Business Credit completed a $1.5 million asset-based line of credit to a Texas-based valve distributor, which sells into the oil field service industry. The credit facility is supported by advances on receivables and inventory.
North Mill Capital closed three transactions totaling $7.4 million.
Five Star Quality Care extended the maturity date and lowered the interest rate on its existing $35 million revolver. Five Star said Jefferies Finance acted as administrative agent and arranger for the facility.
Monroe Capital announced the funding of an $18.1 million unitranche credit facility to support the growth of a provider of outsourced legal services.