Old Hill Partners Completes a $30 million Senior Secured Financing for a Merchant Cash Advance ...
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 b...
Source: apnews.com