Credit

Indonesian lender Julo grabs $10 mln

Julo, an Indonesian lender, has secured $10 million in funding. Quona Capital, a leading fintech venture firm whose funds are sponsored by Accion, led the round with participation from return backers Skystar, East Ventures, Provident, Gobi Partners and Convergence.

Minneapolis luxury condo project Eleven secures funding

Minneapolis-based Eleven, a luxury condominium project, has secured financing from Related Fund Management and Bank OZK. Dougherty Funding LLC arranged the financing, No financial terms were disclosed.

Churchill backs Sentinel's buyout of SSJA

Churchill Asset Management has provided an $80 million credit facility to support Sentinel Capital Partners' acquisition of SSJA Bariatric Management LLC. SSJA is a provider of administrative support services to bariatric surgery offices in New York, New Jersey and Connecticut.

H.I.G. Whitehorse provides $87 mln to Vessco

H.I.G. Whitehorse has provided $87 million in debt and equity financing to Minneapolis-based Vessco Inc, a manufacturer of about 150 water and wastewater treatment equipment OEMs. Capstone Headwaters advised Vessco on the transaction. The capital will be used by Vessco to support their latest-add on acquisition and refinance existing debt. Vessco is backed by O2 Investment Partners.

Churchill backs Sentinel’s buyout of SSJA

Churchill Asset Management has provided an $80 mln credit facility to support Sentinel Capital Partners' acquisition of SSJA Bariatric Management.

Credit card startup Petal picks up $300 mln debt financing

Petal, a credit card startup, has secured $300 million in debt financing from Jefferies. The capital infusion will be used by Petal to expand its card program. Petal's backers include Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures and Afore Capital.

Vehicle subscription app Fair snags $500 mln

Santa Monica, California-based Fair, a vehicle subscription app, has secured a $500 million credit facility. Mizuho Bank led the financing with participation from SoftBank Group Corp. The funds will be used to continue to scale Uber’s efforts in the U.S.

Trive-backed MKC secures $42.38 mln from PNC

PNC Bank, National Association has provided a $42.38 million credit facility for Madison-Kipp Corporation, according to a source familiar with the transaction. Based in Madison, Wisconsin, MKC is a producer of lightweight, high-pressure aluminum die castings, precision machined components and system subassemblies. MKC is a portfolio company of Trive Capital.

Crescent Capital backs LDC's buyout of SRL Traffic Systems

Crescent Capital Group has provided financing and an equity co-investment to back LDC's acquisition of UK-based SRL Traffic Systems, a supplier of portable and temporary traffic light systems to the traffic management industry. No financial terms were disclosed.

Monroe Capital beefs up credit facility to MC Group

Monroe Capital has increased its credit facility to MC Group to support its merger with Icon Identity Solutions, a portfolio company of Arcapita Investment Management US Inc. No financial terms were disclosed. Icon is a brand implementation company specializing in signage manufacturing and installation services, sign and lighting maintenance services, specialty services and commercial retail construction solutions. And, MC Group is a provider of signage, lighting, electrical, and energy management solutions.