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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
WEX, a provider of corporate and small business payment solutions, launched a partnership with OnDeck. WEX will offer business financing from OnDeck to its small business customers.
TCF Capital Funding acted as sole lead arranger and administrative agent on $28.3 million in secured financing to support Clearview Capital’s refinancing of its portfolio company, Xcellence.
Scott Graves, former head of Credit at Oaktree Capital Management, joined Areas Management as a partner.
Limited Stores has filed a voluntary petition for relief under Chapter 11. Sycamore Partners has made a stalking horse bid for the retail chain. Bank of America is agent for the company’s $50 million revolving credit facility dated August 24, 2007.
WISeKey International obtained a $16.4 million secured line of credit for acquisition financing from ExWorks Capital, a U.S. private debt fund specializing in international trade with working capital financing.
Nicholas Financial entered an amendment to its existing $250 million credit facility, with Bank of America as agent.
Dynegy amended its existing credit agreement, increasing commitments under extended revolving loans by an aggregate amount of $45 million. Credit Suisse served as administrative agent.
Boart Longyear entered into a $20 million credit facility with Centerbridge Partners, its largest equity and debt investor.
CIT Group appointed Paul Tufaro as executive vice president, chief compliance officer. Tufaro joins from Citigroup.
Alpine Capital closed a $5 million senior secured asset-based revolver for North Shore Healthcare, a Wisconsin-based group of skilled nursing facilities.
Jan 18, 2017: ACG Cincinnati - DM2030 (under 35)
Jan 26, 2017: IFA Presidents & Senior Executives Meeting
Jan 26, 2017: Rocky Mountain Bankruptcy Conference
Jan 31, 2017: CFA Asset-Based Capital Conference