-
SFNet Announces 2023 Hall of Fame Inductees
Sep 7, 2023SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
-
Rosenthal Closes $25 Million Recourse Factoring Facility For Pharmaceutical Company
Sep 5, 2023
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company.
-
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
Aug 31, 2023
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
-
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Aug 30, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity.
-
Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Aug 29, 2023
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
-
Republic Business Credit Provides $3,000,000 Factoring Facility to Aerial Support Engineering Company
Aug 28, 2023
Republic Business Credit recently partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies.
-
Bobbi Acord Noland Named as Top 10 Influential Banking & Finance Lawyer in Georgia for 2023 by Business Today
Aug 28, 2023
Atlanta, GA – August 25, 2023 – Parker, Hudson, Rainer & Dobbs LLP Commercial Finance Practice Group Leader and Partner Bobbi Acord Noland has been recognized among the “Top 10 Influential Banking & Finance Lawyers in Georgia for 2023” by Business Today. Bobbi also serves as SFNet co-general counsel.
-
Finacity Facilitates USD 50 Million Receivables Securitization for Kudelski S.A.
Aug 24, 2023Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS.
-
Factoring for Success in 2023 and Beyond
Aug 23, 2023Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.
-
Second Avenue Capital Partners Arranges Credit Facilities for True Religion
Aug 23, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
-
eCapital Taps Tim Peters to Take Helm of ABL Group
Aug 21, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.
-
Asset-Based Lending: A Primer for Borrowers and New Hires
Aug 17, 2023
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
-
Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Aug 15, 2023Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
-
Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Aug 14, 2023Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup. -
Thomas Siska Named SVP, Head of Factoring at eCapital, Continuing Trend of Top-Level Hires
Aug 14, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in finance solutions for businesses throughout North America and the U.K., proudly announces a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market position.
-
Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
Aug 14, 2023
Gibraltar Equipment Finance (GEF) is proud to announce the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as SVP of Business Development. GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity.
-
SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15. -
Ares Commercial Finance Provides $35.0 Million Private Trade Receivables Securitization Facility to Behavioral Health Treatment Services Company
Aug 8, 2023Ares Commercial Finance announced today that it has provided a $35.0 million Private Trade Receivables Securitization Facility to a behavioral health treatment services organization, a portfolio company of a top-tier global private equity firm.
-
Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity. -
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Aug 7, 2023Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.
-
SFNet Announces 2023 Hall of Fame Inductees
Sep 7, 2023SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
-
Rosenthal Closes $25 Million Recourse Factoring Facility For Pharmaceutical Company
Sep 5, 2023
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company.
-
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
Aug 31, 2023
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
-
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Aug 30, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity.
-
Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Aug 29, 2023
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
-
Republic Business Credit Provides $3,000,000 Factoring Facility to Aerial Support Engineering Company
Aug 28, 2023
Republic Business Credit recently partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies.
-
Bobbi Acord Noland Named as Top 10 Influential Banking & Finance Lawyer in Georgia for 2023 by Business Today
Aug 28, 2023
Atlanta, GA – August 25, 2023 – Parker, Hudson, Rainer & Dobbs LLP Commercial Finance Practice Group Leader and Partner Bobbi Acord Noland has been recognized among the “Top 10 Influential Banking & Finance Lawyers in Georgia for 2023” by Business Today. Bobbi also serves as SFNet co-general counsel.
-
Finacity Facilitates USD 50 Million Receivables Securitization for Kudelski S.A.
Aug 24, 2023Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS.
-
Factoring for Success in 2023 and Beyond
Aug 23, 2023
Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.
-
Second Avenue Capital Partners Arranges Credit Facilities for True Religion
Aug 23, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
-
eCapital Taps Tim Peters to Take Helm of ABL Group
Aug 21, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.
-
Asset-Based Lending: A Primer for Borrowers and New Hires
Aug 17, 2023
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
-
Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Aug 15, 2023Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
-
Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Aug 14, 2023Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup.
-
Thomas Siska Named SVP, Head of Factoring at eCapital, Continuing Trend of Top-Level Hires
Aug 14, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in finance solutions for businesses throughout North America and the U.K., proudly announces a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market position.
-
Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
Aug 14, 2023
Gibraltar Equipment Finance (GEF) is proud to announce the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as SVP of Business Development. GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity.
-
SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15.
-
Ares Commercial Finance Provides $35.0 Million Private Trade Receivables Securitization Facility to Behavioral Health Treatment Services Company
Aug 8, 2023Ares Commercial Finance announced today that it has provided a $35.0 million Private Trade Receivables Securitization Facility to a behavioral health treatment services organization, a portfolio company of a top-tier global private equity firm.
-
Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity.
-
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Aug 7, 2023Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.
-
SFNet Announces 2023 Hall of Fame Inductees
Sep 7, 2023SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
-
Rosenthal Closes $25 Million Recourse Factoring Facility For Pharmaceutical Company
Sep 5, 2023
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company.
-
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
Aug 31, 2023
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
-
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Aug 30, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the purchase of minority ownership in GSTV, an existing portfolio company of Rockbridge Growth Equity.
-
Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Aug 29, 2023
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
-
Republic Business Credit Provides $3,000,000 Factoring Facility to Aerial Support Engineering Company
Aug 28, 2023
Republic Business Credit recently partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies.
-
Bobbi Acord Noland Named as Top 10 Influential Banking & Finance Lawyer in Georgia for 2023 by Business Today
Aug 28, 2023
Atlanta, GA – August 25, 2023 – Parker, Hudson, Rainer & Dobbs LLP Commercial Finance Practice Group Leader and Partner Bobbi Acord Noland has been recognized among the “Top 10 Influential Banking & Finance Lawyers in Georgia for 2023” by Business Today. Bobbi also serves as SFNet co-general counsel.
-
Finacity Facilitates USD 50 Million Receivables Securitization for Kudelski S.A.
Aug 24, 2023Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS.
-
Factoring for Success in 2023 and Beyond
Aug 23, 2023
Access to ready working capital is critical to the success of a business, whether it is for maintaining ongoing operations or investing in future growth. Yet, short-term liquidity constraints are common, particularly during uncertain economic times. Factoring can offer a critical lifeline – providing reliable cashflow, credit protection and trusted guidance to help companies navigate the current market challenges.
-
Second Avenue Capital Partners Arranges Credit Facilities for True Religion
Aug 23, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
-
eCapital Taps Tim Peters to Take Helm of ABL Group
Aug 21, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., is pleased to announce the appointment of Tim Peters to the role of President, Head of the Asset-based Lending (ABL) Group. This strategic move underscores the significant role of the ABL portfolio within the organization and the remarkable growth the division has achieved over the past year.
-
Asset-Based Lending: A Primer for Borrowers and New Hires
Aug 17, 2023
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
-
Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Aug 15, 2023Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
-
Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Aug 14, 2023Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup.
-
Thomas Siska Named SVP, Head of Factoring at eCapital, Continuing Trend of Top-Level Hires
Aug 14, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in finance solutions for businesses throughout North America and the U.K., proudly announces a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market position.
-
Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
Aug 14, 2023
Gibraltar Equipment Finance (GEF) is proud to announce the expansion of its Originations team with the addition of Steve Sanders, who will be serving the East Coast as SVP of Business Development. GEF’s new hire comes on the heels of GEF’s market momentum with its growing funding activity.
-
SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
Aug 9, 2023The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15.
-
Ares Commercial Finance Provides $35.0 Million Private Trade Receivables Securitization Facility to Behavioral Health Treatment Services Company
Aug 8, 2023Ares Commercial Finance announced today that it has provided a $35.0 million Private Trade Receivables Securitization Facility to a behavioral health treatment services organization, a portfolio company of a top-tier global private equity firm.
-
Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity.
-
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Aug 7, 2023Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.