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Press release content from Globe Newswire. The AP news staff was not involved in its creation. Old Hill Partners Completes a $30 million Senior Secured Financing for a Merchant Cash Advance . Old Hill PartnersJanuary 5, 2021 GMT DARIEN, Conn., Jan. 05, 2021 (GLOBE NEWSWIRE) Old Hill provided $30 million in the form of a senior secured revolving-to-term credit facility to a specialty finance company that provides working capital to small businesses in the form of merchant cash advances. The facility was secured by a first lien perfected security interest in receivables originated by the borrower. “We believe that the merchant cash advance space is in the process of emerging from a challenging period and represents an attractive alternative credit opportunity. We have over a decade of experience in this asset class which allowed us to understand the recent distress in the industry and execute on this transaction relatively quickly. We worked very closely with the borrower to cr

United statesPeter faiglChristie fogelstromOld hill partners incSenior portfolio managerHill partnersPost roadஒன்றுபட்டது மாநிலங்களில்பழையது மலை கூட்டாளர்கள் இன்க்மூத்தவர் போர்ட்‌ஃபோலீயோ மேலாளர்மலை கூட்டாளர்கள்போஸ்ட் சாலை