- Peter Williams to Join Cahill’s New York Office as Partner and Co-Head of Private Credit Practice
- IDB Bank Provides Financing to Franklin Capital
- Naked Wines Secures USD60 Million Facility to Invest in Quality Wines
- Epic Companies Declares Bankruptcy
- Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Getzler Henrich Formalizes Analytics, Artificial Intelligence, and Advanced Technologies Services and Names Michael Osment Practice Leader
In recognition of both its comprehensive advanced technology services and the depth of knowledge and expertise of Managing Director Michael Osment, Getzler Henrich & Associates LLC (getzlerhenrich.com), formalized its Analytics, Artificial Intelligence, and Advanced Technologies Services and named Michael Osment its Practice Leader.
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Evolving Strategies in Business Development for Secured Finance
In a rapidly shifting financial landscape, the Secured Finance Network's recent webinar offered a deep dive into effective business development strategies within the secured finance sector. Moderated by James Kravitz, SFNet’s business development director, the session featured prominent industry experts Lance Rosenthal, executive vice president of business development at RelPro; Jack Penzi, director of originations at Great Rock Capital; and Mitch Sterling, chief client development and relationship officer at Blank Rome.
TSL Express Daily Headlines & News
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Global Self Storage Extends $15 Million Revolving Credit Facility
July 15, 2024Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its $15 million revolving credit facility with The Huntington National Bank for another three years with a one-year extension option available thereafter.
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Elme Communities Announces New $500 Million Credit Facility
July 15, 2024Elme Communities (NYSE: ELME), a multifamily owner and operator, announced today that it has entered into a new $500 million credit facility to replace the prior revolving credit facility which had been due to mature in August 2025.
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TD Bank Appoints Steve Moroney Commercial Market President for Connecticut and Rhode Island
July 15, 2024TD Bank, America’s Most Convenient Bank®, announced it has appointed Steve Moroney as its Commercial Market President for Connecticut and Rhode Island. Moroney is based in New Haven, Connecticut.
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Macquarie Group Leads $300 Million Syndicated Financing for Precious Metals Merchant Auramet
July 15, 2024Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $300 million syndicated revolving credit facility (the “Facility”) led by Macquarie Group (“Macquarie”). Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed.
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Curtis Glovier, Previously a Managing Director and Investment Committee Member at Fortress Investment Group, joins Star Mountain Capital as Managing Director and Strategic Portfolio Officer
July 15, 2024Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 6/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.
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Barbara Stam Appointed as CEO of ABN AMRO Asset Based Finance
July 15, 2024ABN AMRO has appointed Barbara Stam as CEO of ABN AMRO Asset Based Finance (ABF), the company said in a statement. Stam’s background, experience, and career achievements mean she is well-positioned to lead ABF into the future.
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BRG’s Corporate Finance Practice Adds Jeff Stern as Managing Director, Deepening Lender Advisory Expertise
July 15, 2024BRG today announced that Jeff Stern has joined the firm as a managing director in its Corporate Finance practice based in the New York City office, further expanding the firm’s lender advisory and turnaround and restructuring services.
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Online Auction Features Pristine Excess Equipment from Renewable Energy Tech Firm
July 15, 2024A Tiger Group auction on July 23 features late-model, state-of-the-art equipment that is excess to the ongoing operations of a renewable energy technology company.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 15, 2024Factoring deals include: $8,500,000 credit facility awarded to a federal government contractor providing education and training support; $1,000,000 credit facility awarded to a Texas-based detergent manufacturing company; $750,000 credit facility awarded to a Georgia-based temporary staffing firm.
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Greenberg Traurig Expands Corporate Practice with Two Leading Investment Firm General Counsel in New York
July 15, 2024Global law firm Greenberg Traurig, LLP has expanded its Corporate, Investment Management, and Financial Regulatory & Compliance practices with the addition of two in-house counsels from major investment firms. Shareholder Patrick J. Kassen joins from Blackstone, where he most recently served as general counsel of their portfolio company Link Logistics and previously served as managing director and chief compliance officer of Blackstone Real Estate.
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Provident Strengthens Healthcare Lending Team with the Addition of Vik Venkataraman as Senior Relationship Manager
July 15, 2024Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Vik Venkataraman has joined the organization as a Senior Relationship Manager to lead Provident’s expansion in the middle-market healthcare services space.
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Single Point Capital Announces the Promotion of Jonathan Leopold to President
July 15, 2024Single Point Capital, a Houston-based provider of factoring and transportation solutions, proudly announces the promotion of Jonathan Leopold to President. This honor recognizes Jonathan’s exceptional dedication and hard work over the years.
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U.S. Middle Market Performance Remains Consistent
July 11, 2024Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.
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Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
July 11, 2024Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (“CIBC”), as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof (the “CIBC Credit Facility”).
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Seaweed Bath Co. Acquires Andalou Naturals and Mineral Fusion with Leveraged Facility from Assembled Brands Capital
July 11, 2024Seaweed Bath Co., a pioneering brand in ocean-inspired personal care products, has announced the strategic acquisition of Andalou Naturals and Mineral Fusion, prominent names in natural skincare and cosmetics. These renowned brands, known for their innovative approaches in fruit stem cell science and natural cosmetics respectively, are widely available across major retailers nationwide, including Whole Foods Market, Amazon, and Sprouts Farmers Market.
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eCapital Drives Turnaround with $3MM Factoring Facility for Canadian Mining Services Consortium Amidst Receivership
July 11, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider for middle-market businesses in North America and the U.K., has successfully facilitated a $3 million confidential factoring line of credit for a consortium of companies providing critical services to the mining sector across Canada. This strategic financing initiative highlights eCapital’s expertise in supporting businesses in turnaround and recovery.
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Sunwest Bank Adds Robert Faver as the Managing Director of Commercial Banking
July 11, 2024Sunwest Bank is delighted to welcome Robert Faver as their new Executive Vice President, Managing Director of Commercial Banking. In this pivotal role, Faver will steer the commercial lending and sales platform of the Bank across multiple states and divisions.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Encore Consumer Capital in its Acquisition of Chalet Desserts
July 11, 2024O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it provided senior secured credit facilities to support Encore Consumer Capital ("Encore") in its acquisition of Chalet Desserts ("Chalet").
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Truist Securities Arranges $250MM Revolving Credit Facility for REPAY
July 11, 2024Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of integrated payment processing solutions, today announced the closing of an undrawn $250 million senior secured revolving credit facility. The revolving credit facility renews and expands the Company’s prior undrawn $185 million senior secured revolving credit facility.
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Aequum Capital Provides $6.25MM in Credit Facilities to Prominent Producer of Craft Maple Products
July 11, 2024Aequum Capital is pleased to announce it recently provided $6.25 million in aggregate credit facilities to a producer of high-quality maple syrup products specializing in blending, bottling, and packaging for the hospitality and foodservice industries.
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The Secured Lender
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