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SFNet New Member Spotlight: CB&S Bank
November 20, 2024CB&S Business Capital is the asset-based commercial lending division and was recently formed in September 2024. It's a division of CB&S Bank which is a privately-owned commercial bank headquartered in Northern Alabama with approximately $2.6 billion in total assets.
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Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
November 20, 2024Gray Television, Inc. (“Gray,” “Gray Media,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) has completed a series of transactions that collectively reduced the Company’s principal amount of debt outstanding by $278 million since October 1, 2024, bringing the Company’s total principal debt reduction to $519 million since January 1, 2024.
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First Citizens Bank Leads $125 Million Financing for New Day Healthcare
November 20, 2024First Citizens Bank has announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services.
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eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
November 20, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has appointed Chris Huntington as SVP, Business Development Officer within its ABL Group.
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Mitsubishi HC Capital America Enhances Best in Class Vendor Portal
November 20, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is further demonstrating its commitment to the latest in technological innovation by announcing several key enhancements and improvements to Propel, its proprietary, best-in-class digital transaction and portfolio management system.
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PPL Group Sells Structural Steel Fabrication Business as a Turn-Key Facility
November 20, 2024PPL Group has engineered the sale of a Texas-based structural steel fabrication facility and equipment to a regional operator who will rehire employees and restart the business.
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CohnReznick’s Sun Named a Top 25 Cybersecurity Consultant and Leader
November 20, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that David Sun, Principal, Cybersecurity, has been named to The Consulting Report’s Top 25 Cybersecurity Consultants and Leaders of 2024 list.
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Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
November 20, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that it has recently completed the following stretch finance transactions: a $300,000 facility to a US oil and gas equipment company selling to US corporations and $750,000 facility to a US supplier of laboratory solutions selling to US corporations.
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High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
November 20, 2024Pro-grade audiovisual gear from Keslow Camera, one of North America’s leading production rental companies, is available on December 3 in an online auction by Tiger Group.
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Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
November 20, 2024Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Comvest Private Equity’s majority investment in Riccobene Associates Family Dentistry (“Riccobene”), a dental service organization (DSO) based in Cary, North Carolina.
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Addi Secures $100 Million Credit Facility from Victory Park Capital
November 20, 2024Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit.
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Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
November 20, 2024Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a $144 million senior secured credit facility (the “Financing”) for Sportime Clubs, LLC (“Sportime”), a leading operator of tennis and sports clubs in the New York tri-state area.
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Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
November 20, 2024Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.
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Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
November 19, 2024The Central Bank of Brazil (BCB) has selected Banco Inter alongside Microsoft Brazil, 7COMm and Chainlink to build a trade finance solution as part of the second phase of Brazil's DREX, Brazilian digital currency's pilot. The solution leverages blockchain technology and oracles to automate supply chain management and improve trade finance processes.
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Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
November 19, 2024As of September 30, 2024, the Company had approximately $0.3 million of cash and $27.1 million of total debt net of capitalized financing fees. The debt includes $21.8 million from a convertible note and $5.4 million from the Company’s revolving line of credit, which has $7.5 million of additional borrowing capacity.
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Linedata Launches Structured Finance Capability Strengthening Linedata Ekip360
November 19, 2024Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, announces the launch of its structured finance offering. Integrated with Linedata Ekip360, it simplifies the management of complex structured finance structures for investment banks and credit institutions.
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Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
November 19, 2024Concord Financial Advisors announced it served as the exclusive financial advisor $25 million senior debt facility for ACMS Group, a leader in the industrial gas and power generation industries.
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CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 Factoring Facility
November 19, 2024CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital, enabling the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.
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Prominent Structured Finance Partner Joins Latham & Watkins in New York
November 19, 2024Latham & Watkins LLP is pleased to announce that Jim Fogarty has joined the firm's New York office as a partner in the Structured Finance Practice. Fogarty represents private equity sponsors, private capital lenders, financial institutions, asset managers, and corporates in complex structured and securitization transactions.
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Golub Capital BDC, Inc. Announces a Series of Debt Funding Structure Initiatives Aimed at Reducing Borrowing Costs and Providing Additional Investment Flexibility
November 19, 2024Golub Capital BDC, Inc. (“GBDC” or the “Company”), a business development company (Nasdaq: GBDC), and Golub Capital, today announced a series of debt funding structure initiatives expected to reduce GBDC’s prospective borrowing costs and provide additional investment flexibility:
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SFNet New Member Spotlight: CB&S Bank
November 20, 2024CB&S Business Capital is the asset-based commercial lending division and was recently formed in September 2024. It's a division of CB&S Bank which is a privately-owned commercial bank headquartered in Northern Alabama with approximately $2.6 billion in total assets.
-
Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
November 20, 2024Gray Television, Inc. (“Gray,” “Gray Media,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) has completed a series of transactions that collectively reduced the Company’s principal amount of debt outstanding by $278 million since October 1, 2024, bringing the Company’s total principal debt reduction to $519 million since January 1, 2024.
-
First Citizens Bank Leads $125 Million Financing for New Day Healthcare
November 20, 2024First Citizens Bank has announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services.
-
eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
November 20, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has appointed Chris Huntington as SVP, Business Development Officer within its ABL Group.
-
Mitsubishi HC Capital America Enhances Best in Class Vendor Portal
November 20, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is further demonstrating its commitment to the latest in technological innovation by announcing several key enhancements and improvements to Propel, its proprietary, best-in-class digital transaction and portfolio management system.
-
PPL Group Sells Structural Steel Fabrication Business as a Turn-Key Facility
November 20, 2024PPL Group has engineered the sale of a Texas-based structural steel fabrication facility and equipment to a regional operator who will rehire employees and restart the business.
-
CohnReznick’s Sun Named a Top 25 Cybersecurity Consultant and Leader
November 20, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that David Sun, Principal, Cybersecurity, has been named to The Consulting Report’s Top 25 Cybersecurity Consultants and Leaders of 2024 list.
-
Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
November 20, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that it has recently completed the following stretch finance transactions: a $300,000 facility to a US oil and gas equipment company selling to US corporations and $750,000 facility to a US supplier of laboratory solutions selling to US corporations.
-
High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
November 20, 2024Pro-grade audiovisual gear from Keslow Camera, one of North America’s leading production rental companies, is available on December 3 in an online auction by Tiger Group.
-
Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
November 20, 2024Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Comvest Private Equity’s majority investment in Riccobene Associates Family Dentistry (“Riccobene”), a dental service organization (DSO) based in Cary, North Carolina.
-
Addi Secures $100 Million Credit Facility from Victory Park Capital
November 20, 2024Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit.
-
Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
November 20, 2024Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a $144 million senior secured credit facility (the “Financing”) for Sportime Clubs, LLC (“Sportime”), a leading operator of tennis and sports clubs in the New York tri-state area.
-
Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
November 20, 2024Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.
-
Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
November 19, 2024The Central Bank of Brazil (BCB) has selected Banco Inter alongside Microsoft Brazil, 7COMm and Chainlink to build a trade finance solution as part of the second phase of Brazil's DREX, Brazilian digital currency's pilot. The solution leverages blockchain technology and oracles to automate supply chain management and improve trade finance processes.
-
Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
November 19, 2024As of September 30, 2024, the Company had approximately $0.3 million of cash and $27.1 million of total debt net of capitalized financing fees. The debt includes $21.8 million from a convertible note and $5.4 million from the Company’s revolving line of credit, which has $7.5 million of additional borrowing capacity.
-
Linedata Launches Structured Finance Capability Strengthening Linedata Ekip360
November 19, 2024Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, announces the launch of its structured finance offering. Integrated with Linedata Ekip360, it simplifies the management of complex structured finance structures for investment banks and credit institutions.
-
Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
November 19, 2024Concord Financial Advisors announced it served as the exclusive financial advisor $25 million senior debt facility for ACMS Group, a leader in the industrial gas and power generation industries.
-
CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 Factoring Facility
November 19, 2024CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital, enabling the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.
-
Prominent Structured Finance Partner Joins Latham & Watkins in New York
November 19, 2024Latham & Watkins LLP is pleased to announce that Jim Fogarty has joined the firm's New York office as a partner in the Structured Finance Practice. Fogarty represents private equity sponsors, private capital lenders, financial institutions, asset managers, and corporates in complex structured and securitization transactions.
-
Golub Capital BDC, Inc. Announces a Series of Debt Funding Structure Initiatives Aimed at Reducing Borrowing Costs and Providing Additional Investment Flexibility
November 19, 2024Golub Capital BDC, Inc. (“GBDC” or the “Company”), a business development company (Nasdaq: GBDC), and Golub Capital, today announced a series of debt funding structure initiatives expected to reduce GBDC’s prospective borrowing costs and provide additional investment flexibility: