First Citizens Bank's Middle Market Banking business provided $25 million in financing to F.W. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S.The closing of this financing coincides with...
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August 01, 2024, 07:03 AM
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Wintrust Business Credit (WBC) announced a line increase to $11,000,000 for their existing client. This line increase was used by the client to support the acquisition of a Minnesota-based distributer of premium fresh seafood. WBC’s existing client...
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June 12, 2024, 07:52 AM
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SLR Business Credit funded a $2.5 million asset-based revolving line of credit to a Southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including Drayage, FTL...
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May 23, 2024, 07:29 AM
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Wintrust Business Credit (WBC) closed a new $15,000,000 ABL line of credit for a Southeast-headquartered aerospace distribution business with subsidiaries from the Southwest to the Northeast. The Company supplies fasteners and other products to...
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May 14, 2024, 08:00 AM
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SLR Business Credit (SLRBC) partnered with a preeminent North American distributor of mobile air compressors, generators, and air tools. The firm is also an innovator in creating a sustainable hybrid energy system which alters how contractors and...
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May 09, 2024, 07:47 AM
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eCapital Corp. funded a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities. This infusion of...
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April 15, 2024, 08:00 AM
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Mountain Ridge Capital ("MRC") closed a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining. The MRC facility refinanced the debt of another lender and will be utilized to manage through...
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March 19, 2024, 07:56 AM
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Ares Commercial Finance provided a senior secured revolving line of credit to a Decorative Lighting distributor.
The proceeds via this transaction will be used to support the Company’s working capital needs and refinance a portion of the company’s...
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January 18, 2024, 07:52 AM
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Zions Bancorporation, through its Texas division, Amegy Bank closed and funded an $8,000,000 credit facility for the distribution arm of a multi-national manufacturer of steel forgings. The Company provides critical OEM parts for equipment...
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August 23, 2023, 07:45 AM
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CrossAmerica Partners entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank. The Amended Facility provides borrowing capacity up to $925 million, an increase from the...
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April 03, 2023, 08:00 AM
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Approved Oil Co. of Brooklyn entered an amended and restated asset-based credit facility, which expires in October 2027 and provides the borrower under the Credit Facility the ability to borrow up to $160 million on a revolving line of credit for...
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November 07, 2022, 07:32 AM
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Rosenthal & Rosenthal upsized its recent inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels, increasing the initial $30 million commitment to $60 million. The...
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December 14, 2021, 07:40 AM
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CIT Group Inc. announced that its CIT Northbridge Credit joint venture served as sole lead arranger on a $30 million revolving credit facility for Alliance Time Holdings. Headquartered in Manhattan, Alliance Time Holdings is a highly data-driven...
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May 16, 2018, 07:08 AM
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Citizens Bank announced that Citizens Commercial Banking has led $57.5 million in financing for Ipswich-based United Pipe and Steel Corp., an independent master distributor of steel pipe, copper tubing, plastic pipe, electrical conduit and related...
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November 06, 2017, 07:17 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., provided a credit facility totaling $19 million to a tool distribution company. The company imports and wholesales hand tools, power tools and accessories to a variety of...
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March 11, 2014, 07:39 AM
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Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $6 million facility for Bolts & Nuts Corporation. The company, located in Chattanooga, Tennessee, is a leading full-service distributor of commercial and...
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January 14, 2014, 07:37 AM
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First Growth Capital, a division of First Capital, announced today that it has provided a $3.5 million working capital credit facility to a distributor of outdoor apparel. The facility is collateralized by the client’s account receivables and...
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November 11, 2013, 08:02 AM
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United Stationers Inc. announced it has closed an amendment and extension of its $700 million revolving credit facility with a syndicate of financial institutions. This amendment extends the expiration date of the facility to July 6, 2018.The...
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July 10, 2013, 07:52 AM
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First Capital provided a $7.5 million asset-based lending facility to Triunfo-Mex, Inc., a leading distributor of Hispanic products including candy manufactured at its Mexican affiliate. The credit facility is collateralized by the company’s...
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June 28, 2013, 07:14 AM
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Salus Capital Partners announced it has provided a C$21 million senior secured credit facility to Fletcher Leisure Group Inc. The company is one of Canada’s largest sporting goods wholesale and distribution companies. The credit facility will be used...
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February 27, 2013, 07:12 AM
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