Saratoga Investment Funding II (SIF II), a wholly-owned subsidiary of Saratoga Investment, a business development company, closed a $50 million senior secured credit facility with Encina Lender Finance.
Keystone Agency Investors, a partnership between Keystone Insurers Group and Bain Capital Credit, entered into a $105 million senior credit facility with Madison Capital Funding.
Audax Private Debt and Adams Street Partners acted as joint lead arrangers on a unitranche credit facility to support private equity firm Freeman Spogli’s acquisition of US Med-Equip, a distributor and rental provider of movable medical equipment.
High Road Capital Partners’ portfolio company U-C Coatings has completed the acquisition of the assets of Eco Chemical. Madison Capital provided financing to support the transaction.
High Road Capital Partners completed the acquisition of John Henry Foster Minnesota. Madison Capital Funding provided financing for the transaction.
Madison Capital Funding promoted managing director Christopher Taylor to CEO. He will succeed Hugh Wade, who will remain on board as chairman until his retirement in December.
Performant Business Services amended its credit agreement with Madison Capital Funding as agent, depositing $7.5 million into a deposit account, which Madison will control through May 15, 2017.
Holland, OH-based Tronair is the global leader in the design, manufacture and sale of ground support equipment for business, commercial and military aircraft.
Bloomberg reported that New York Life Insurance suspended the chief executive officer at a lending unit over violations of company policy, according to a Bloomberg source with knowledge of the action.