- Encina Lender Finance Provides $20 Million Senior Credit Facility to Indirect Auto Finance Platform
- Peapack Private Hires Jerry Dominguez as Senior Managing Director
- PlainsCapital Bank Welcomes Jud Miller
- Monroe Capital Supports LLR Partners and FTV Capital’s Investment in ParkHub and JustPark Merger
- Jason Shanahan Joins Tiger Finance as Managing Director
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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As Gordon Brothers, the global asset experts, continues to expand its lending business, the firm has welcomed Mark Bohntinsky as Global Head of Credit.
Bohntinsky oversees Gordon Brothers’ credit quality, setting portfolio strategy and partnering with key lending stakeholders globally, including Kyle Shonak, Head of North America Lending, to expand the firm’s capital base and pursue a wider array of lending opportunities. Additionally, he is a member of the investment committee.
TSL Express Trending Story
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The Secured Finance Foundation has again joined forces with NYU Stern Executive Education to bring a multi-faceted learning experience taught by NYU Professor, Nathan Pettit coupled with real-world secured finance applications. This two-day course, held in person at NYU Stern, June 11-12, will introduce attendees to a variety of analytical frameworks while simultaneously modelling tactical approaches – all with the focus on developing leadership skills.
TSL Express Daily Headlines & News
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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Associated Bank Adds Chun Schiros as Chief Analytics Officer to Help Lead Data and AI Innovation
May 9, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the expansion of its product and marketing leadership team with the addition of Chun Schiros as senior vice president, chief analytics officer. Schiros will focus on enhancing the bank's ability to access and use data effectively and efficiently to attract, deepen and retain customer relationships across all lines of business, including consumer, small business, corporate banking and private wealth.
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Ramaco Resources, Inc. Announces Increase and Term Extension of Revolving Credit Facility
May 9, 2024The Company's principal lender, KeyBank, N.A. ("KeyBank"), has now led a bank syndicate that increased the Company's overall credit facility to $275 million (the "Facility"). This consists of an aggregate revolving commitment of $200 million with an accordion feature for an additional $75 million available upon mutual agreement. The term of the Facility has also been extended to five years expiring in 2029.
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Benefit Street Partners Closes Second Special Situations Fund
May 9, 2024Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment approach of its predecessor fund.
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The ODP Corporation Renews and Extends Existing Asset-Based Credit Facility
May 9, 2024The ODP Corporation (NASDAQ:ODP) (“ODP,” or the “Company”), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that it has amended and extended its existing asset-based credit facility.
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NXT Capital Closes Senior Credit Facility in Support of Shoreline Equity Partners’ Refinancing of Engelman’s Bakery
May 9, 2024NXT Capital announced today that it has provided a senior credit facility to support Shoreline Equity Partners’ refinancing of Engelman’s Bakery. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.
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Sam Ash Files for Bankruptcy Protection, Moves to Reposition Company
May 9, 2024Sam Ash—the century-old American music retailer that became a beloved institution for generations of amateur and professional musicians alike—filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of New Jersey.
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Encina Private Credit Serves as Club Lender For Senior Secured Credit Facility For John Staurulakis, LLC
May 9, 2024Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as club lender providing a First Out tranche in a senior secured credit facility supporting Stone Goff portfolio company John Staurulakis, LLC (“JSI”). JSI is a full-service consulting and broadband solutions leader, providing a complete range of operational, financial, management, engineering, regulatory, and strategic assistance to US communications providers.
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First Citizens Bank Arranges $260 Million in Financing for Skilled Nursing Facilities
May 9, 2024First Citizens Bank today announced that its Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.
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Cambridge Savings Bank's Supports Renovation of Chesterbrook Community Center with Donation
May 9, 2024Cambridge Savings Bank continues to provide support for important local organizations, and is pleased to announce a $25,000 donation to local Waltham, MA based Chesterbrook Community Foundation. Chesterbrook’s Community Center is a vibrant, nurturing place where the children not only benefit from academic tutoring, but also engage in mentoring relationships with college students.
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Fernando Rivas to Join Wells Fargo as Co-CEO of Corporate & Investment Banking
May 9, 2024Wells Fargo & Company (NYSE: WFC) announced today that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company’s Operating Committee, effective today. Rivas and Jon Weiss, who has been CIB’s CEO since February 2020, will lead the business together.
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HCAP Partners Elevates Investment Team
May 9, 2024HCAP Partners, a California-based private equity firm and nationally recognized impact investor, is pleased to announce the promotion of Jessica Kim and Ben Consoli to Vice President and the addition of Senior Associate Chenjing Wang to its investment team.
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Byline Sponsor Finance Supports Prospect Partners’ Investment in Warren Roofing
May 9, 2024Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration (“CBR”), and Total Roofing Services (collectively, “Warren Roofing” or the “Company”). BSF was represented by Duane Morris, LLP.
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Jason Shanahan Joins Tiger Finance as Managing Director
May 9, 2024Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, has joined Tiger Finance as a Managing Director. From his base in Tiger's Boston office, Shanahan will focus on identifying both secured debt financing and equity capital opportunities, as well as utilize his experience to further strengthen the Tiger Finance operating platform.
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Monroe Capital Supports Point 41 Capital Partners’ Acquisition of Interstate AC Service, LLC
May 9, 2024Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, LLC (“Interstate AC”), Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners.
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