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TSL Articles

  • Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
    Aug 15, 2023
    Encina 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.
  • CharliePerer_2023 headshot_150 Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
    Aug 14, 2023
    Patrick 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, 2023
     eCapital 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.

  • Kathleen Currey_Parker Hudson_150 SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
    Aug 9, 2023
    The 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, 2023
    Ares 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.
  • BrianResutek_Headshot_150x150 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, 2023
    Morgan 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.
  • Gordon Brothers & Nations Capital Join Forces to Expand Commercial & Industrial Presence

    Gordon Brothers, the global advisory, restructuring and investment firm, and Nations Capital Inc. (NCI) have joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions.

    Gordon Brothers’ majority investment in NCI will bolster both firms’ existing commercial and industrial capabilities in North America, which include asset-focused solutions across valuations, dispositions, financing and investment.

  • RyanJaskiewicz_150 Unleashing the Power of AI in the Secured Finance Industry: A Journey into Change and Evolution
    Aug 2, 2023
    Change is the great shapeshifter of existence. It is the unseen artist who paints the landscape of our lives with broad strokes of innovation and evolution. In the world of secured finance, change is manifesting through a potent and promising medium—Artificial Intelligence (AI). One particular AI innovation, OpenAI’s ChatGPT, is at the frontier of this change, offering a path filled with opportunities and potential challenges.
  • Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
    Aug 2, 2023
    Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”). The facility will be used to support the company’s ongoing working capital needs and continued growth.
  • Betty-Headshot-2022-300 CEOs Unite for Progress: Taking the Pledge to Support Diversity, Equity, and Inclusion (DEI)
    Aug 1, 2023
    As the chair of the SFNet’s Diversity, Equity and Inclusiveness Committee I meet with my committee composed of industry volunteers to discuss our mission of  building diversity, equality and inclusion within our member companies, industry, and community.  We seek to identify the issues and create awareness of the challenges, provide resources for improvements, and demonstrate sustained measurable positive outcomes throughout our SFNet community.
  • eCapital Upsizes Bank Line to $1.4 Billion to Fuel Growth
    Jul 31, 2023
    eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
  • Regulators Announce New Proposed Rules for Capital Requirements at Large Banks
    Jul 27, 2023
    The Office of the Comptroller of the Currency, along with the Federal Reserve and FDIC released their long anticipated interagency Notice of Rulemaking. The Proposal, which will be subject to a comment period through November 30, 2023, incorporates final components of the Basel III agreement and lays out significant changes to capital requirements for banks with over $100B in total assets. 
  • Breakout Capital Secures $45 Million Credit Facility Led by Synovus Bank
    Breakout Capital, a leading fintech company simplifying access to capital for small businesses, announced today the completion of a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility.  Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35 million of committed capacity with an additional $10 million uncommitted.
  • First Citizens Bank Serves as Lead Arranger on $211 Million Financing for North Carolina Solar Power Development
    Jul 25, 2023
    First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina.
  • Blank Rome Assembles Team of Leading Attorneys to Open Dallas Office
    Jul 24, 2023
    Blank Rome LLP announced today the opening of a new office in Dallas—the firm’s 15th office and second in Texas—with the addition of seven attorneys. Aligning with Blank Rome’s core strengths, the Dallas team is a powerhouse combination of leading corporate, real estate, and finance attorneys with national practices. The new office is located at The Crescent in Uptown. 
  • First Citizens Bank Provides a $1 Million Line of Credit to The Georgia Hemp Company
    Jul 24, 2023
    First Citizens Bank today announced that its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.
  • RYAM Raises $250 Million of Debt to Refinance its 2024 Notes, Improving Financial Position to Support Future Growth Opportunities
    Jul 20, 2023
    Rayonier Advanced Materials Inc. (NYSE: RYAM) (“RYAM”), a global leader in the production of high-purity cellulose specialties and other sustainable materials, is pleased to announce that it has obtained $250 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
  • SFNet Creates the SFNet Guide to the New York Commercial Finance Disclosure Laws and Regulations
    Jul 18, 2023

    SFNet, through its Advocacy Committee, has created the SFNet Guide to the New York Commercial Finance Disclosure Laws and Regulations.

    SFNet pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial New York Disclosure Regulations for Commercial Finance Transactions that go into effect August 1, 2023. The Regulations apply to non-regulated commercial institutions offering financial transactions of $2.5 million or less to New York borrowers.

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