Potbelly, a neighborhood sandwich shop concept, closed a new $30 million revolving credit facility led by Wintrust Bank. Under the terms of the new facility, the company achieved a 600-basis point reduction in the currently applicable interest rate margin relative to its prior term loan.
Wintrust Bank congratulated MoLo Solutions on its sale to ArcBest, a national provider of supply chain logistics. MoLo Solutions is a Chicago-based truckload broker founded in 2017.
Wintrust Receivables Finance closed a new $4.75 million line of credit for a provider of logistics and transportation management services. In addition to the new line of credit, Wintrust Bank also provided a $100,000 corporate card and a suite of treasury management services.
BRP Group’s subsidiary Baldwin Risk Partners has amended its senior revolving credit facility, increasing its capacity to $225 million, up $100 million from its previous amount of $125 million.
MVC Capital entered into a $50 million revolving borrowing base credit facility with Santander Bank as a lender and lead agent and Wintrust Bank as a lender and syndication agent.