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Anatomy of a Deal: Distilling the Right Financial Solution for a Whiskey Business
Sep 26, 2023In 2020, companies across the globe experienced challenges that had previously only been hypothetical scenarios posed by business school professors. Fast forward to 2023: taking their learnings from the unprecedented events of 2020, businesses are exploring capital preservation and unique, flexible financial solutions that will support their company through the next economic challenge. Throughout this article, we will walk through how Wells Fargo completed a transaction for a new customer, working to find a solution suited to fit their needs in a unique and dynamic industry.
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Tucows Inc. Announces New Credit Facility with Bank of Montreal
Sep 26, 2023Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million.
-
Interview with eCapital’s CEO Marius Silvasan
Sep 25, 2023Marius Silvasan has built eCapital into a fast-growing financial technology firm through an ambitious and impactful M&A strategy. With the successful development of a proprietary technology-driven platform, eCapital is transforming financing for small-to mid-size companies. Under Silvasan’s leadership, eCapital has grown into a multi-disciplinary team of over 700 employees which, to date, has helped 30,000+ businesses garner more than $36 billion in financing to fuel their growth. -
SFNet Committee Spotlight: Convention Planning Committee
Sep 20, 2023This column highlights the hard work and dedication of SFNet committee volunteers.
Here we speak with Don Clarke, president, Asset Based Lending Consultants, and chair of SFNet’s Convention Planning Committee.
The Convention Planning Committee helps with the development of panels, speakers, venue selection and more for the SFNet’s largest attended event of the year, the Annual Convention.
-
Oxford Commercial Finance Now Offering Purchase Order Financing as Add-On to its Popular Accounts Receivable and Asset-Based Loans for Businesses
Sep 19, 2023Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank ("the Company"), has expanded its line of flexible working capital solutions for small to medium-sized businesses (SMBs) with the addition of Purchase Order (PO) Financing as an add-on to the lender’s popular Accounts Receivable (AR) and Asset-Based Loans (ABL).
-
Enfusion Announces Closing of New $100 Million Credit Facility
Sep 19, 2023Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, announced today that on September 15, 2023, it entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America, N.A.
-
Spotlight on SFNet's Diversity, Equity & Inclusiveness Committee: Interview with Jessica Sanchez
Sep 18, 2023Jessica Sanchez is currently the Director of Marketing and Communications at Access Capital, Inc., a New York-based commercial finance firm and the nation’s leading independent lender to the staffing industry. The firm provides working capital lines of credit from $500,000 to $25 million and term loans up to $5 million to clients to support their ongoing business and finance growth strategies, including M&A, strategic investments, and shareholder buyouts. -
Breakout Capital and 12Five Capital Join Forces to Create a Powerhouse in Small Business Lending
Sep 18, 2023Breakout Capital, a leading fintech company simplifying access to term loans for small businesses, is delighted to announce the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending. The merger, facilitated by Altriarch Commercial Finance, Inc., the new parent company of both Breakout and 12Five, establishes a strategic alliance with a day-one portfolio exceeding $80 million.
-
First Citizens Bank Provides $29 Million to Onicx Group to Refinance Florida Medical Office Buildings
Sep 14, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital in Florida.
-
Gordon Brothers Acquires Durkin Group Enhancing Services to Include Field Examinations
Sep 12, 2023Gordon Brothers, the global asset experts, acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators in North America.
-
Rosenthal’s Southeast Office Closes Multiple Factoring and Asset-Based Lending Deals
Sep 11, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring and asset-based lending deals through its Southeast office.
-
Trinseo Announces Completion of Transaction to Refinance $660 Million 2024 Term Loan and $385 Million of 2025 Senior Notes
Sep 11, 2023Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced that it has obtained $1.077 billion in aggregate principal amount of secured term loan financing (“New Term Loan Facility”) arranged by Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Oaktree Capital Management, L.P. (“Oaktree”), with funds managed by Angelo Gordon, Oaktree and Apollo Global Management, Inc. (“Apollo”) as lenders.
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Vikram Savkar, General Manager for Compliance Solutions at Wolters Kluwer, Discusses his New Role
Sep 11, 2023In July, Wolters Kluwer announced Vikram Savkar was hired as general manager, Compliance Solutions. In this capacity, Savkar oversees a successful, growing business within Wolters Kluwer noted for its product innovation, technology advancements, and unparalleled domain expertise. The business is dedicated to helping financial institutions efficiently manage risk and regulatory compliance obligations while gaining the insights needed to focus on better serving their customers and growing their business. Here, he discusses his top priorities and goals in his new position and compliance concerns.
-
Tiger Group Hires Two Industry Veterans
Sep 8, 2023Tiger Group has expanded its offering for asset-based lenders by hiring two industry veterans with decades of combined experience in field examinations and related services. Veteran field examiners Kat Houser-Rodriguez and Steve Savage join Tiger’s Valuation Services division as senior managing directors.
-
SFNet Announces 2023 Hall of Fame Inductees
Sep 7, 2023SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
-
Rosenthal Closes $25 Million Recourse Factoring Facility For Pharmaceutical Company
Sep 5, 2023
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company.
-
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
Aug 31, 2023
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
-
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Aug 30, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity.
-
Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Aug 29, 2023
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
-
Republic Business Credit Provides $3,000,000 Factoring Facility to Aerial Support Engineering Company
Aug 28, 2023
Republic Business Credit recently partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies.
-
Anatomy of a Deal: Distilling the Right Financial Solution for a Whiskey Business
Sep 26, 2023In 2020, companies across the globe experienced challenges that had previously only been hypothetical scenarios posed by business school professors. Fast forward to 2023: taking their learnings from the unprecedented events of 2020, businesses are exploring capital preservation and unique, flexible financial solutions that will support their company through the next economic challenge. Throughout this article, we will walk through how Wells Fargo completed a transaction for a new customer, working to find a solution suited to fit their needs in a unique and dynamic industry.
-
Tucows Inc. Announces New Credit Facility with Bank of Montreal
Sep 26, 2023Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million.
-
Interview with eCapital’s CEO Marius Silvasan
Sep 25, 2023Marius Silvasan has built eCapital into a fast-growing financial technology firm through an ambitious and impactful M&A strategy. With the successful development of a proprietary technology-driven platform, eCapital is transforming financing for small-to mid-size companies. Under Silvasan’s leadership, eCapital has grown into a multi-disciplinary team of over 700 employees which, to date, has helped 30,000+ businesses garner more than $36 billion in financing to fuel their growth.
-
SFNet Committee Spotlight: Convention Planning Committee
Sep 20, 2023This column highlights the hard work and dedication of SFNet committee volunteers.
Here we speak with Don Clarke, president, Asset Based Lending Consultants, and chair of SFNet’s Convention Planning Committee.
The Convention Planning Committee helps with the development of panels, speakers, venue selection and more for the SFNet’s largest attended event of the year, the Annual Convention.
-
Oxford Commercial Finance Now Offering Purchase Order Financing as Add-On to its Popular Accounts Receivable and Asset-Based Loans for Businesses
Sep 19, 2023Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank ("the Company"), has expanded its line of flexible working capital solutions for small to medium-sized businesses (SMBs) with the addition of Purchase Order (PO) Financing as an add-on to the lender’s popular Accounts Receivable (AR) and Asset-Based Loans (ABL).
-
Enfusion Announces Closing of New $100 Million Credit Facility
Sep 19, 2023Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, announced today that on September 15, 2023, it entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America, N.A.
-
Spotlight on SFNet's Diversity, Equity & Inclusiveness Committee: Interview with Jessica Sanchez
Sep 18, 2023Jessica Sanchez is currently the Director of Marketing and Communications at Access Capital, Inc., a New York-based commercial finance firm and the nation’s leading independent lender to the staffing industry. The firm provides working capital lines of credit from $500,000 to $25 million and term loans up to $5 million to clients to support their ongoing business and finance growth strategies, including M&A, strategic investments, and shareholder buyouts.
-
Breakout Capital and 12Five Capital Join Forces to Create a Powerhouse in Small Business Lending
Sep 18, 2023Breakout Capital, a leading fintech company simplifying access to term loans for small businesses, is delighted to announce the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending. The merger, facilitated by Altriarch Commercial Finance, Inc., the new parent company of both Breakout and 12Five, establishes a strategic alliance with a day-one portfolio exceeding $80 million.
-
First Citizens Bank Provides $29 Million to Onicx Group to Refinance Florida Medical Office Buildings
Sep 14, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital in Florida.
-
Gordon Brothers Acquires Durkin Group Enhancing Services to Include Field Examinations
Sep 12, 2023Gordon Brothers, the global asset experts, acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators in North America.
-
Rosenthal’s Southeast Office Closes Multiple Factoring and Asset-Based Lending Deals
Sep 11, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring and asset-based lending deals through its Southeast office.
-
Trinseo Announces Completion of Transaction to Refinance $660 Million 2024 Term Loan and $385 Million of 2025 Senior Notes
Sep 11, 2023Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced that it has obtained $1.077 billion in aggregate principal amount of secured term loan financing (“New Term Loan Facility”) arranged by Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Oaktree Capital Management, L.P. (“Oaktree”), with funds managed by Angelo Gordon, Oaktree and Apollo Global Management, Inc. (“Apollo”) as lenders.
-
Vikram Savkar, General Manager for Compliance Solutions at Wolters Kluwer, Discusses his New Role
Sep 11, 2023
In July, Wolters Kluwer announced Vikram Savkar was hired as general manager, Compliance Solutions. In this capacity, Savkar oversees a successful, growing business within Wolters Kluwer noted for its product innovation, technology advancements, and unparalleled domain expertise. The business is dedicated to helping financial institutions efficiently manage risk and regulatory compliance obligations while gaining the insights needed to focus on better serving their customers and growing their business. Here, he discusses his top priorities and goals in his new position and compliance concerns.
-
Tiger Group Hires Two Industry Veterans
Sep 8, 2023Tiger Group has expanded its offering for asset-based lenders by hiring two industry veterans with decades of combined experience in field examinations and related services. Veteran field examiners Kat Houser-Rodriguez and Steve Savage join Tiger’s Valuation Services division as senior managing directors.
-
SFNet Announces 2023 Hall of Fame Inductees
Sep 7, 2023SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
-
Rosenthal Closes $25 Million Recourse Factoring Facility For Pharmaceutical Company
Sep 5, 2023
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company.
-
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
Aug 31, 2023
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
-
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Aug 30, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity.
-
Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Aug 29, 2023
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
-
Republic Business Credit Provides $3,000,000 Factoring Facility to Aerial Support Engineering Company
Aug 28, 2023
Republic Business Credit recently partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies.
-
Anatomy of a Deal: Distilling the Right Financial Solution for a Whiskey Business
Sep 26, 2023In 2020, companies across the globe experienced challenges that had previously only been hypothetical scenarios posed by business school professors. Fast forward to 2023: taking their learnings from the unprecedented events of 2020, businesses are exploring capital preservation and unique, flexible financial solutions that will support their company through the next economic challenge. Throughout this article, we will walk through how Wells Fargo completed a transaction for a new customer, working to find a solution suited to fit their needs in a unique and dynamic industry.
-
Tucows Inc. Announces New Credit Facility with Bank of Montreal
Sep 26, 2023Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million.
-
Interview with eCapital’s CEO Marius Silvasan
Sep 25, 2023Marius Silvasan has built eCapital into a fast-growing financial technology firm through an ambitious and impactful M&A strategy. With the successful development of a proprietary technology-driven platform, eCapital is transforming financing for small-to mid-size companies. Under Silvasan’s leadership, eCapital has grown into a multi-disciplinary team of over 700 employees which, to date, has helped 30,000+ businesses garner more than $36 billion in financing to fuel their growth.
-
SFNet Committee Spotlight: Convention Planning Committee
Sep 20, 2023This column highlights the hard work and dedication of SFNet committee volunteers.
Here we speak with Don Clarke, president, Asset Based Lending Consultants, and chair of SFNet’s Convention Planning Committee.
The Convention Planning Committee helps with the development of panels, speakers, venue selection and more for the SFNet’s largest attended event of the year, the Annual Convention.
-
Oxford Commercial Finance Now Offering Purchase Order Financing as Add-On to its Popular Accounts Receivable and Asset-Based Loans for Businesses
Sep 19, 2023Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank ("the Company"), has expanded its line of flexible working capital solutions for small to medium-sized businesses (SMBs) with the addition of Purchase Order (PO) Financing as an add-on to the lender’s popular Accounts Receivable (AR) and Asset-Based Loans (ABL).
-
Enfusion Announces Closing of New $100 Million Credit Facility
Sep 19, 2023Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, announced today that on September 15, 2023, it entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America, N.A.
-
Spotlight on SFNet's Diversity, Equity & Inclusiveness Committee: Interview with Jessica Sanchez
Sep 18, 2023Jessica Sanchez is currently the Director of Marketing and Communications at Access Capital, Inc., a New York-based commercial finance firm and the nation’s leading independent lender to the staffing industry. The firm provides working capital lines of credit from $500,000 to $25 million and term loans up to $5 million to clients to support their ongoing business and finance growth strategies, including M&A, strategic investments, and shareholder buyouts.
-
Breakout Capital and 12Five Capital Join Forces to Create a Powerhouse in Small Business Lending
Sep 18, 2023Breakout Capital, a leading fintech company simplifying access to term loans for small businesses, is delighted to announce the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending. The merger, facilitated by Altriarch Commercial Finance, Inc., the new parent company of both Breakout and 12Five, establishes a strategic alliance with a day-one portfolio exceeding $80 million.
-
First Citizens Bank Provides $29 Million to Onicx Group to Refinance Florida Medical Office Buildings
Sep 14, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital in Florida.
-
Gordon Brothers Acquires Durkin Group Enhancing Services to Include Field Examinations
Sep 12, 2023Gordon Brothers, the global asset experts, acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators in North America.
-
Rosenthal’s Southeast Office Closes Multiple Factoring and Asset-Based Lending Deals
Sep 11, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring and asset-based lending deals through its Southeast office.
-
Trinseo Announces Completion of Transaction to Refinance $660 Million 2024 Term Loan and $385 Million of 2025 Senior Notes
Sep 11, 2023Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced that it has obtained $1.077 billion in aggregate principal amount of secured term loan financing (“New Term Loan Facility”) arranged by Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Oaktree Capital Management, L.P. (“Oaktree”), with funds managed by Angelo Gordon, Oaktree and Apollo Global Management, Inc. (“Apollo”) as lenders.
-
Vikram Savkar, General Manager for Compliance Solutions at Wolters Kluwer, Discusses his New Role
Sep 11, 2023
In July, Wolters Kluwer announced Vikram Savkar was hired as general manager, Compliance Solutions. In this capacity, Savkar oversees a successful, growing business within Wolters Kluwer noted for its product innovation, technology advancements, and unparalleled domain expertise. The business is dedicated to helping financial institutions efficiently manage risk and regulatory compliance obligations while gaining the insights needed to focus on better serving their customers and growing their business. Here, he discusses his top priorities and goals in his new position and compliance concerns.
-
Tiger Group Hires Two Industry Veterans
Sep 8, 2023Tiger Group has expanded its offering for asset-based lenders by hiring two industry veterans with decades of combined experience in field examinations and related services. Veteran field examiners Kat Houser-Rodriguez and Steve Savage join Tiger’s Valuation Services division as senior managing directors.
-
SFNet Announces 2023 Hall of Fame Inductees
Sep 7, 2023SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
-
Rosenthal Closes $25 Million Recourse Factoring Facility For Pharmaceutical Company
Sep 5, 2023
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company.
-
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
Aug 31, 2023
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
-
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Aug 30, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity.
-
Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Aug 29, 2023
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
-
Republic Business Credit Provides $3,000,000 Factoring Facility to Aerial Support Engineering Company
Aug 28, 2023
Republic Business Credit recently partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies.