Avidbank Provides Calyx Capital Partners with Credit Facilities to Support Acquisition
AVIDBANK HOLDINGS INC (AVBH)
NASDAQ:AMEX Investor Relations:
avidbank.com
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- Avidbank Specialty Finance, a Division of Avidbank that specializes in technology, sponsor finance and asset-based lending, has provided Calyx Capital Partners with a combination of credit facilities to support an acquisition and to provide working capital. Based in Chicago, Calyx Capital Partners was issued an AR line of credit and a senior term-loan to support the acquisition and provide ongoing working capital for the business post-close. “Calyx Capital Partners is a perfect fit for our Specialty Finance business model,” said Larry LaCroix, Executive Vice President and Head of Avidbank’s Specialty Finance Division. “We are able to support Calyx Capital as they help build sustained growth for their newly acquired business.” “Avidbank was competitive, responsive, and flexible during the negotiation and closing process to be able to get the deal over th
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