Spouting Rock Asset Management, a boutique manager platform providing investment solutions and services, agreed to merge with Old Hill Partners, an alternative asset manager focused on asset-based lending transactions with small and medium-sized businesses.
Old Hill Partners provided a $7 million senior secured term loan secured by water rights in the western U.S. for a real estate developer looking to warehouse water resources for a planned development project.
Old Hill Partners increased its committed credit facility to ByzFunder NY, a New York-based provider of working capital solutions in the form of merchant cash advances, to $12 million.
Old Hill Partners provided an $8 million senior secured pre-export credit facility to a company in Latin America with which it had a previous lending relationship. The company exports specialty agricultural products to global distributors.
Old Hill Partners provided a $5.1 million senior secured drawdown facility to an acquirer and lessor of standard 40’ shipping containers.
Old Hill provided a $30 million senior secured revolving-to-term credit facility to a specialty finance company that provides working capital to small businesses in the form of merchant cash advances.
Asset-based loan provider Old Hill Partners provided an $8 million secured revolving-to-term credit facility to a specialty finance company that provides working capital to small businesses in the form of merchant cash advances.
Old Hill Partners provided a $16.6 million senior secured term loan to a trader and distributor of petroleum products. The loan was secured by a senior mortgage on a very large crude carrier (VLCC), a supertanker with approximately 2 million barrels of capacity.
Old Hill Partners provided a $10 million credit facility to HealthGrowth Capital as part of a $16.8 million financing package consisting of both debt and equity.
Old Hill Partners provided a $5 million senior secured revolving-to-term credit facility to a specialty finance company that funds small businesses in the form of merchant cash advances.