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.
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.