Search Results for: credit facility

Mandalay Resources Corporation Announces Refinancing of Credit Facility
Finance News

Mandalay Resources Corporation Announces Refinancing of Credit Facility

Fintech News Desk
by Fintech News Desk0
Mandalay Resources Corporation is pleased to announce that it has entered into a credit agreement with The Bank of Nova Scotia providing for a senior secured revolving credit facility in an aggregate amount of up to US$35 million. The initial drawdown under the Revolving Credit Facility will be used to......
Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program
Finance News

Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program

Fintech News Desk
by Fintech News Desk0
Share repurchase program expands capital allocation optionality and is expected to be funded through existing cash and future free cash flow Sterling Check Corp. announced a $700 million refinancing of the Company’s credit facility and the authorization of a $100 million share repurchase program. These distinct yet complementary strategic initiatives......
Steward Partners Secures $140 Million Credit Facility to Support Continued Growth and Accelerate Recruiting Effort
Investment Services News

Steward Partners Secures $140 Million Credit Facility to Support Continued Growth and Accelerate Recruiting Effort

Fintech News Desk
by Fintech News Desk0
Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership, has secured a $140 million credit facility to support the next phase of the partnership’s development and fuel its future growth. The facility was led by Apogem Capital LLC, with support from Manulife Investment Management, and Cynosure Investment Partners, LLC. “This event speaks......
Artificial Intelligence Fintech News

Lendbuzz Secures $150 Million Credit Facility From J.P. Morgan

Fintech News Desk
by Fintech News Desk0
Lendbuzz, a fintech company that is disrupting the car financing market using AI and machine learning algorithms, announced that it closed a $150 million credit facility with J.P. Morgan. This is the second credit facility between the investment bank and the financial technology company in 2022 (in January, J.P. Morgan......
RumbleOn Announces Used Powersports Inventory Financing Credit Facility Agreement with J.P. Morgan
Finance Fintech News

RumbleOn Announces Used Powersports Inventory Financing Credit Facility Agreement with J.P. Morgan

Fintech News Desk
by Fintech News Desk0
The Credit Facility Provides RumbleOn with $75 Million of Available Credit to Finance Used Powersports Inventory RumbleOn, Inc., the nation’s first technology-based omnichannel powersports platform, today announced that it has entered into a $75 million used powersports inventory financing credit facility with J.P. Morgan. The inventory financing facility supports RumbleOn’s......
Brightwood Capital Advisors Leads Senior Secured Credit Facility to Support Orangewood Partners’ Acquisition of Barrington James
Fintech News

Brightwood Capital Advisors Leads Senior Secured Credit Facility to Support Orangewood Partners’ Acquisition of Barrington James

Fintech News Desk
by Fintech News Desk0
Brightwood Capital Advisors (“Brightwood”), a leading private credit firm, announced that it acted as sole lead arranger and administrative agent to provide a senior secured credit facility in support of Orangewood Partners’ acquisition of Barrington James (“the Company”). Latest Fintech Insights : Goldman Sachs Asset Management and Cleanhill Partners Acquire......
Flexiti Announces Upsized C$535 million Revolving Warehouse Credit Facility
Fintech News

Flexiti Announces Upsized C$535 Million Revolving Warehouse Credit Facility

Fintech News Desk
by Fintech News Desk0
Flexiti Financial  (“Flexiti”), a leading point-of-sale consumer financing solution for retailers, has announced that it has upsized its revolving warehouse credit facility from C$500 million to C$535 million and extended its maturity. Credit Suisse serves as administrative agent on the facility, with financing also provided by an affiliate of Bank......
Tricolor Closes $100 million Credit Facility with Fifth Third Bank to Support Scale
Banking Finance News

Tricolor Closes $100 million Credit Facility with Fifth Third Bank to Support Scale

Fintech News Desk
by Fintech News Desk0
Additional financing increases Company’s revolving capacity to $650 million Tricolor announced the closing of a $100 million warehouse facility with Cincinnati-based Fifth Third Bank, National Association, secured by loans originated across its growing footprint, which spans five states, 20 markets and 55 retail hubs. “The addition of Fifth Third Bank to......
TimePayment Announces New $375Million Revolving Credit Facility
Fintech News

TimePayment Announces New $375Million Revolving Credit Facility

Fintech News Desk
by Fintech News Desk0
TimePayment, an award-winning FinTech company and market leader in sales financing for specialty equipment sellers, has announced the closing of a new $375 million revolving credit facility, including a $50 million accordion. The facility replaces its previous, primary facility that was set to mature at year end. BMO Harris Bank......
TAB Bank Provides Wood Products Distribution Company in Arkansas with a $5 Million Asset-Based Credit Facility
Banking News

TAB Bank Provides Wood Products Distribution Company in Arkansas with a $5 Million Asset-Based Credit Facility

Fintech News Desk
by Fintech News Desk0
TAB Bank is pleased to announce it has provided a wood products distribution company in Arkansas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. “Latest Fintech News: Bank of America Announces Small Business Down......
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