Presidential Financial Corporation Announces Loan With MDS Foods
ATLANTA - Presidential Financial Corporation announced it has provided an $8.5 million working capital and term loan facility to MDS Foods, Inc. Headquartered in Massillon, Ohio, MDS Foods is a premium cheese manufacturer and supplier of slices, shreds, chunks, cubes, and loaves for supermarket delis and restaurants from coast to coast. The funds were used to refinance existing debt and to provide additional working capital. The transaction was completed on November 23, 2016.
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Presidential Financial Corporation Announces Paul Krantz As Business Development Officer
ATLANTA - Presidential Financial Corporation (PFC) is pleased to announce that Paul Krantz has joined its team as a business development officer. In his new role, Krantz will be responsible for originating, structuring, and funding asset-based financing solutions with commitment amounts from $2 million to $30 million for middle-market businesses with a calling effort in Ill., Wis., Mo., Minn. and Ind. Krantz has been in asset-based lending his entire career in both credit and business development positions, and most recently served more than six years with PNC Business Credit as senior marketing officer.
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Presidential Financial Corporation Extends Credit Facility To New Client
ATLANTA - Presidential Financial Corporation announced that it has provided a 10,000,000 working capital and term loan facility to a Southeastern US industry leader that provides a complete line of equipment and services for storing, pumping, mixing, and metering petroleum and industrial liquids. The proceeds of the financing were used to for an add-on acquisition financing and to provide additional working capital. The transaction was completed on July 1, 2016.
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Presidential Financial Corporation Hires New President
ATLANTA - Presidential Financial Corporation announced Dennis Schlesner as its new president today. Schlesner will join Presidential Financial on May 5 at its corporate office in Atlanta, Georgia. Presidential has been led by Tom Matthesen, who will remain on the Presidential Financial Corporation board of directors.
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