Williams Industrial Services Group entered into a new, three-year, $15 million secured asset-based revolving credit facility at LIBOR plus 6%, with a minimum LIBOR rate of 1%.
Vericel entered into an expanded $15 million term loan and retained an existing $10 million revolving line of credit with Silicon Valley Bank and MidCap Financial Services.
MidCap Financial Services provided a debt facility for Watermill Group to support its acquisition of Cooper & Turner.
PNC Riverarch Capital acquired Five Star Food Service, a provider of on-site food and beverages. Twin Brook Capital, NXT Capital and MidCap Financial Services provided senior debt financing to support the transaction.