Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

April 29th, 2016
AtriCure entered into an amended and restated term loan and revolving line of credit agreement with Silicon Valley Bank , providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit. “We are pleased to have Silicon Valley Bank as a partner,” said Andy Wade, senior vice president and chief financial officer of AtriCure Read more: Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

Wells Fargo Leads VOXX $155MM Refi

April 28th, 2016
VOXX International has entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million. Wells Fargo is the lead bank, with Key Bank, Citibank and HSBC USA participating in this combined $155 million refinancing. Pat Lavelle, president and CEO of VOXX International said, “This new financing increases our borrowing capacity and extends our debt maturities, providing us with sufficient resources to ...

Citizens Bank Provides $15MM Resolver to Lytron

April 28th, 2016
Citizens Commercial Banking has provided Woburn, MA-based Lytron with a new $15 million revolving line of credit. Lytron will use the funds to refinance existing debt and for general corporate purposes Continue reading here: Citizens Bank Provides $15MM Resolver to Lytron

How a Snail-Mail Business Gave Itself a Digital Makeover

April 28th, 2016
Send Out Cards is weathering a huge corporate culture shift from a company that makes a physical product to a tech-based brand with a personal touch. Read more: How a Snail-Mail Business Gave Itself a Digital Makeover
Posted under: Business company Corporate

Why Facebook could one day be worth $1 trillion

April 28th, 2016
Facebook continues to post stunning gains in earnings, revenue and subscribers. If it keeps this up, Mark Zuckerberg's company could one day be worth more than Apple, Google and other Corporate America giants. Excerpt from: Why Facebook could one day be worth $1 trillion
Posted under: Business company Corporate

Former GE Capital Top Performer Joins CapitalSource

April 28th, 2016
Brett Hewitt joined CapitalSource’s Corporate Asset Finance team as a senior vice president of originations. View original post here: Former GE Capital Top Performer Joins CapitalSource