Textainer Group Holdings said that its TAP Funding subsidiary entered into a $170 million revolver with a group of financial institutions led by ABN AMRO Capital. Pricing was 200 BPS over LIBOR versus 375 BPS previously.
MicroFinancial’s subsidiary, TimePayment, increased its revolving line of credit from $100 million to $150 million with a bank syndicate led by Sovereign Bank.
At the fifth annual Education and Networking Conference sponsored by the New York Institute of Credit, Turnaround Management Association/Philadelphia chapter, the Commercial Finance Association/Philadelphia chapter and the ABF Journal, five ABL leaders offered their perspectives on post-recessionary lending and credit. Participating on the panel, moderated by Blank Rome’s Paul Shur, were Richard Bochicchio, managing director, […]