Stein Mart extended and amended its existing revolving credit agreement with Wells Fargo Bank and its term loan agreement with Gordon Brothers Finance Company.
Gordon Brothers Finance Company hired Peter Jaffe as managing director to lead its financing platform in the UK and Europe.
Stein Mart completed the closing of a term loan with Gordon Brothers Finance in the amount of $50 million. In connection with the loan, Stein Mart also amended its existing second amended and restated credit agreement, with Wells Fargo serving as administrative agent.
Australian transportation and logistics company Rivet obtained a financing package, including a term loan from Boston-based Gordon Brothers Finance Company and Gordon Brothers, which refinanced existing facilities and facilitated the ownership transfer and expansion of its business.
To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.
Gordon Brothers Europe in conjunction with Gordon Brothers Finance Company provided a £10 million ($14.27 million) working capital facility to British pawnbroking business Albemarle & Bond.
Patrick Dalton examines the changing role of alternative lenders in the rapidly evolving lending landscape. Due to regulatory constraints, he says it is often in the best interest of a borrower — and a senior lender — to form a strategic partnership with an alternative lender that has institutional knowledge of various asset classes.
Gordon Brothers Finance Company hired Mark Forti as managing director. Forti will be responsible for sourcing, originating and structuring new lending investments for Gordon Brothers Finance Company.
Gordon Brothers Finance completed a €10.5million ($11.4 million) term loan to Tvilum APS (Tvilum). Tvilum is one of the world’s largest manufacturers of self-assembly, flat-packed furniture.