News – Asset-Based

By: Monitor Daily  09-12-2011
Keywords: Financial Services, Bank

News – Asset-Based

Last Updated: November 23, 2011

KES entered into an amended and restated revolving credit, term loan and security agreement with PNC Bank, providing for an asset-based revolving credit line of $30 million and a term loan of $6 million, which is an increase from KES’s prior credit line of $23 million and term loan of $4 million.


Date Posted

October 10, 2011  


Siemens Financial Services provided a $3.2 million tax-exempt finance solution to North Oakland – North Macomb Imaging in Rochester Hills, MI, assisting the facility in the acquisition of a new Siemens Magnetic Resonance system.


Date Posted

June 7, 2011  


U.S. Bank announced that its Healthcare Division has closed as sole lead arranger and agent for a $1.75 billion senior credit facility for Adventist Health System.


Date Posted

June 7, 2011  


Oxford Finance provided a $13.9 million credit facility to affiliates of Landmark Health Solutions. The financing package included a $10.9 million senior secured term loan and a $3 million revolving line of credit.


Date Posted

June 6, 2011  


The Export-Import Bank of the United States announced that the board of directors has doubled to $20 million an existing working capital loan guarantee to MAG IAS, based in Sterling Heights, MI.


Date Posted

May 23, 2011  


Private investment firm Monroe Capital said it funded a $15 million senior credit facility to Applied Merchant Systems West Coast. The facility was used to refinance existing debt, repurchase common stock and provide working capital.


Date Posted

May 10, 2011  


GE Capital, Franchise Finance provided a $7.5 million credit facility to MSK Enterprises, a Church’s Chicken and Little Caesar’s franchisee.


Date Posted

April 26, 2011  


Huntington Bank said it has hired David Holzworth and Michael Kempel as new senior regional directors for the bank’s asset-based lending division. The bank also announced it has hired Derek Taylor as senior portfolio manager.


Date Posted

February 23, 2011  


The information in this article was current at 06 Dec 2011

Keywords: Bank, Financial Services

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