Mississippi Business Journal » capital

Bank raises $20M through private stock placement

MBJ Staff — Mon, 25 Mar 2013 12:27:12 +0000

HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at [...]

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Hospital unveils plan for new hospice facility; fundraiser underway

Associated Press — Wed, 13 Mar 2013 14:47:25 +0000

HATTIESBURG — Forrest General Hospital plans to open a 12-patient hospice facility for the terminally ill by mid-2015. The Hattiesburg American reports the Hospice House of South Mississippi will be built on five acres of donated land. Officials with the Forrest General Healthcare Foundation announced a capital campaign to raise $5 million to build the [...]

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Hancock Fabrics amends, restates credit agreement

MBJ Staff — Mon, 26 Nov 2012 13:23:06 +0000

BALDWYN — Hancock Fabrics Inc. has entered into an amended and restated loan and security agreement. The new, $100-million senior secured asset-based credit facility matures in November 2016 and replaces the company’s existing revolving credit agreement, which would have matured in August 2013. General Electric Capital Corporation will serve as working capital agent, issuing bank, [...]

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Molpus Woodlands Group named manager of year

MBJ Staff — Mon, 09 Apr 2012 14:33:09 +0000

JACKSON — The Molpus Woodlands Group (Molpus) was selected as Real Asset Manager of the Year at the Money Management Intelligence magazine’s 11th Annual Public Pension Fund Awards held in San Diego, Calif. The award recognizes Molpus’ outstanding achievements during the year, including increasing its managed assets, including raised capital, to approximately $1.76 billion. One [...]

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KiOR closes on $75M loan to support first biofuels plant

MBJ Staff — Sun, 29 Jan 2012 20:15:19 +0000

COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the [...]

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Lightfoot, GE investing in liquefied natural gas market

MBJ Staff — Thu, 03 Nov 2011 09:59:43 +0000

PASCAGOULA — Lightfoot Capital Partners, LP, has teamed up with GE Energy Financial Services to make a strategic investment in the liquefied natural gas market. Lightfoot Capital will make a direct investment and own a 48 percent interest in Arc LNG Holdings, LLC, which will own a 20 percent interest in Gulf LNG Energy’s terminal [...]

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Hydro Green gets new funding, chief executive

For the MBJ — Tue, 10 May 2011 19:36:50 +0000

HOUSTON, Texas — Hydro Green, LLC (HGE), a renewable energy development company with proprietary hydropower technology, has secured an equity capital and project development investment from Providence Renewables, LLC of Dallas, TX. HGE also announced the appointment of Michael P. Maley as president and CEO. The new funds will be used to expedite the development [...]

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Pharma Pac, Pro Derma land significant investment

Wally Northway — Mon, 13 Sep 2010 11:11:31 +0000

Kugman Partners Inc. of Chicago has served as financial advisor to Allan Holdings, LLC, and its subsidiary companies, Pharma Pac and Pro Derma, LLC, and assisted in securing significant investment from First Avenue Partners. “We were pleased to assist management of Allan Holdings and First Avenue Partners in repositioning Pharma Pac to refresh operations,” said [...]

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Metropolitan Bank raises $10.8M in new capital

Wally Northway — Wed, 28 Jul 2010 15:04:33 +0000

RIDGELAND — Metropolitan BancGroup Inc. and its banking subsidiary, Metropolitan Bank, has successfully completed a rights offering yielding new capital of $10.8 million. With assets of approximately $450 million, Metropolitan reported strong, positive earnings growth for the first six months of 2010 and is operating ahead of its profitability projections for the 28-month old private [...]

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