Tags: Credit facility
Square 1 Bank provides $4.5M loan to Chicago-based Sittercity
A USD 4.5 million credit facility was granted to Chicago-based online provider for in-home care Sittercity by Square 1 Bank, a bank that exclusively caters to the needs of entrepreneurs and the venture capital community.
Monroe Capital provides credit facility for acquisition of Escort Inc by Monomoy Capital Partners
Monomoy Capital Partners would acquire Escort Inc through the credit assistance of Monroe Capital. A funding worth USD78. 5 million senior secured credit facility was put in place by Monroe Capital to support the acquisition of Escort Inc.
Vitol SA's debt rates same as Glencore negotiated rates
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Siemens secures credit facility worth USD3 billion
Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.