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.
Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises.
Sadis & Goldberg represented Old Hill Partners in connection with the close of a senior secured term loan, secured by future legal fee receivables and recoverable expenses.
Snap Capital, a source of alternative funding to small business, secured a significant revolving-to-term credit facility with Old Hill Partners.
Private debt specialist Old Hill Partners has brought former GE Capital executive Shila Ray aboard as financial officer.
In its latest market commentary, investment adviser Old Hill Partners said large banks continue to eschew lower middle-market loans because of heightened regulatory scrutiny and unattractive risk-adjusted spreads.