North Mill Capital Secures $90 Million Credit Facility

This week North Mill Capital announced it has obtained a $90 million credit facility led by Wells Fargo Capital Finance. The new, three-year facility, replaces North Mill's existing Senior Secured Credit Facility. The facility will also be used for working capital and to support future growth.  North Mill is excited to work with Well Fargo, according to president and chief executive officer of North Mill, Jeffrey Goldrich:

"We are pleased to work with Wells Fargo Capital Finance. As we have grown and expanded our products and geographic reach we now require the strength of Wells Fargo and the sophistication in lender finance that it brings with it," Goldrich went on to say, "We worked closely with Andrea Petro, Stewart Hayes and the Wells Fargo team to structure a credit facility, providing us with increased liquidity, the ability to pursue strategic opportunities, continue with organic growth and stay competitive."

Andrea Petro, senior managing director and division manager of the Lender Finance division at Wells Fargo Capital Finance, confirms the financial division at Wells Fargo is equally pleased about the partnership:

"North Mill is a strong brand and highly reputable company within the ABL market space and I am pleased to have Wells Fargo lead this credit facility... We look forward to continuing our long term relationship with North Mill."

Dan Zwirn founded the EX-BACC Management Team in order to create North Mill Capital and brought in private-equity firm, Monitor Clipper Partners, to co-invest in Colford Capital LLC.  In November 2012, Colford Capital created subsidiary North Mill Equipment Finance LLC, to acquire Equilease.

Read the full article on North Mill Capital's new credit facility led by Wells Fargo here.

Cameron F. Kerry, Former Acting Secretary and General Counsel of Commerce, Joins Brookings as Distinguished Visiting Fellow

Darrell West, vice president and director of Governance Studies, announced last month that former acting secretary and general counsel of the U.S. Department of Commerce, Cameron F. Kerry, joined the Brookings Institution. Kerry will join Governance Studies as the Ann R. and Andrew H. Tisch Distinguished Visiting Fellow.  He will participate in research projects and public forums within the program as well as its affiliated Center for Technology Innovation. In a statement, Vice President West affirmed that he looks forward to Kerry's contributions,

"We are honored to have Cam join Brookings and look forward to his contributions to our technology policy and international trade research... Cam was instrumental in the Commerce Department’s efforts in establishing new foundations for U.S. economic growth and prosperity in a 21st century global economy. He brings unparalleled expertise and insight that will further Governance Studies’ goal of delivering cutting-edge research and policy solutions to improve the performance of our national government."

Prior to Brookings, he attended Harvard College where he received his Bachelors degree, cum laude. In addition, Kerry earned his Juris Doctor from Boston College Law School, magna cum laude. It was here that he also served as executive editor of the Law Review and winner of the school's moot court competition. At Suffolk University Law School, Kerry worked as an adjunct professor. He has also operated as a senior advisor and national surrogate for the 2004 Democratic presidential campaign.

Kerry was the first to be named to the Ann R. and Andrew H. Tisch Distinguished fellowship.  Individuals part of the prestigious fellowship are particularly noteworthy and unique. The goal of the  fellowship is to host renowned representatives from a variety of areas including: government, business, journalism, and education, to write about the challenges the country is currently facing.

Dan Zwirn is a contributing author and member of the board of trustees at Brookings Institute.