NXT Capital and SVB Provide Loan Package to Cayenne Medical

NXT Capital’s Venture Finance Group has closed a $8.0 million venture loan package for Cayenne Medical. Silicon Valley Bank has also backed the business and the facility will be used to strengthen Cayenne’s balance sheet and further the growth of existing products. Based in Scottsdale, Arizona, Cayenne Medical is a privately held medical device company […]

NXT Capital Boosts Debt Financing Capacity

NXT Capital has increased its total debt financing capacity to $1.6 billion and expanded its senior secured revolving credit facility from $650 million to $740 million. NXT Capital provides structured financing solutions to middle-market and emerging growth companies and real estate investors through its corporate finance, real estate finance and venture finance groups. The business […]

NXT Capital Backs Electronics Sustainability Firm ReCellular

NXT Capital’s venture finance group has provided a multi-million dollar subordinated venture loan to electronics sustainability firm ReCellular. ReCellular has offices in the United States and Hong Kong. PRESS RELEASE NXT Capital’s Venture Finance Group today announced that it has provided a multi-million dollar subordinated venture loan to ReCellular, Inc. This minimally dilutive facility, which […]

NXT Capital Backs PNC RiverArch Capital’s Acquisition of Waffle Mix Busines

NXT Capital has provided a $52.8 million senior secured facility to finance PNC RiverArch Capital’s acquisition of New Carbon Company. South Bend, Indiana-based New Carbon Company is a provider of waffle mix to restaurants, hotels, resorts and colleges and universities, serving over 40,000 customer locations across the U.S. PRESS RELEASE NXT Capital today announced that […]

BoxTone Gets Venture Loan for Growth Initiatives

BoxTone, a provider of enterprise mobility management solutions has secured a $4 million venture loan from NXT Capital’s Venture Finance Group. The facility will enable BoxTone to finance key growth initiatives. Based in Chicago, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. PRESS RELEASE NXT […]

NXT Capital Brings on Anurag Chandra as Managing Director

NXT Capital, a Chicago-based investment firm focused on middle-marketing and emerging growth companies,  has hired Anurag Chandra as a managing director, focused on opportunities in the tech sector. Chandra was most recently a managing partner at Gresham Partners in Atherton, Calif. PRESS RELEASE: NXT Capital (www.nxtcapital.com) today announced that Anurag Chandra has joined NXT Capital […]

NXT Capital Launches Venture Finance Biz

Chicago-based NXT Capital has launched a venture financing business, NXT Capital Venture Finance, which will provide senior and subordinated term loans of up to $20 million. Jan Haas, former president of Velocity Financial Group, will lead the effort.

North East Dental Buys Dental Associates of Northern Va.

NXT Capital said Monday that it has provided a $61 million senior secured credit facility to back North East Dental Management’s buy of Dental Associates of Northern Virginia. NXT Capital acted as joint lead arranger and administrative agent for the transaction. DFW Capital Partners, a Teaneck, N.J.-based PE firm, owns North East Dental.

Are CLOs Back? Chicago Debt Shop May Try One

Startup lender NXT Capital LLC may try this summer to float a collateralized loan obligation, taking advantage of a leveraged loan market that continues to strengthen. “It’s our expectation that the market will continue improving this year, with issuers coming back with the expectation of CLOs permanently funding their assets,” said Robert Radway, NXT Capital’s […]

NXT Capital Adds $75 Million For Middle-Market Financing

Middle-market commercial finance company NXT Capital has added $50 million from private equity firm Stone Point Capital, and $25 million from an undisclosed U.S. corporate pension fund, bringing its total capitalization to roughly $530 million. Chicago-based NXT Capital was formed earlier this year by the Greenwich, Conn.-based Stone Point Capital, and by former principals of Merrill Lynch Capital.

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