Bessemer Investors, a New York-based investment firm, acquired a stake in Legacy Restoration, a provider of exterior restoration and remodeling services. Tree Line Capital Partners and Bridge Bank, a division of Western Alliance Bank, provided debt financing for the transaction.
Houlihan Lokey Capital and Wells Fargo Securities are serving as financial advisors to AmeriHome in the company’s sale to Western Alliance Bank.
Bank of America delivered a five-year, $25 million revolving credit facility for Orion Energy Systems, a provider of LED lighting systems and turnkey project implementation. The facility replaces Orion’s prior $20 million facility with Western Alliance Bank.
Tabula Rasa HealthCare amended its loan and security agreement with Western Alliance Bank as both administrative and collateral agent, increasing the size of its revolver from $40 million to $60 million.
Codexis entered into a loan and security agreement with Western alliance Bank for a revolving advance in a principal amount of up to $5 million, with accounts receivable borrowing base of 80% of eligible accounts.
Capstone Turbine entered into two credit and security agreements with Bridge Bank, a division of Western Alliance Bank allowing it to borrow up to $12 million on a revolving basis.
GSV Capital entered into a loan and security agreement with Western Alliance Bank for a new $12 million senior secured revolving credit facility.
Western Alliance appointed Kenneth Vecchione as president, effective July 10, 2017. Vecchione was the company’s president and COO from 2010 to 2013, when he left to become CEO at Encore Capital Group.