- Peoples Group Appoints John Landry as President and Chief Executive Officer
- PNC, TCW Partner To Expand Capabilities, Create Private Credit Platform
- KeyBank Survey Finds Signs of Confidence with Small Business Owners Coupled With Concerns about Inflation, Fraud and Political Noise
- BizCap® Fuels Quady Winery's Growth with $17MM Financing Package
- Jared Talisman Joins Colbeck Capital as Managing Director and Head of Originations
TSL Express Daily Articles & News
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Gordon Brothers Welcomes Mark Bohntinsky as Global Head of Credit
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.
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FTC Ban on Noncompete Agreements: What Do Employers Need to Know?
On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to finalize and issue a rule banning virtually all noncompete clauses in employment contracts with extremely limited exceptions. The rule is set to go into effect 120 days after its publication in the Federal Register, which is pending. However, as explained below, it is uncertain whether this rule will go into effect due to the ongoing legal challenges surrounding the rule.
TSL Express Daily Headlines & News
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AELF Announces Completion of $40 Million Credit Facility With Merchants Bank
May 7, 2024The credit facility is collateralized, in part, by four of the company's ten A330-200s. Those aircraft, which AELF acquired from Airbus Asset Management Division in 2016 and 2017 are on long term operating lease with Canada's Air Transat. In addition to A330-200s, the company owns 737-800s which it sees as the growth area for its business.
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Southern First Appoints Chris Zych as Chief Financial Officer
May 7, 2024Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce the appointment of Chris Zych as Chief Financial Officer and Executive Vice President.
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Comvest Credit Partners Provides $70 Million Senior Credit Facility to Nationwide Energy Partners to Support Growth Strategy
May 7, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $70 million senior secured credit facility (the “Financing”) for Nationwide Energy Partners (“NEP”, or the “Company”), an Ohio-based provider of utility management services to the multifamily market.
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Jeeves Secures USD$75 Million Financing to Expand Latin America Footprint, Including Launch of Jeeves Pay Credit in Brazil
May 7, 2024Jeeves, the premier B2B payments and corporate card platform for businesses in Latin America, has closed a $75 million (USD) credit facility with Community Investment Management ("CIM"), a prominent global impact focused investment manager actively investing in Latin America. In addition to supporting the company's rapid scaling, this financing will enhance Jeeves' financial product suite in its primary Latin American markets - Brazil, Colombia, and Mexico.
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Republic Business Credit Continues Growth Trajectory with Addition of Danielle Wright-Madison as VP, Underwriting
May 7, 2024When Republic Business Credit saw an opportunity to add an experienced finance expert to their team in New Orleans, they jumped at the chance. Danielle Wright-Madison, who began her career as a financial analyst and most recently served as a field exam manager for a major national banking institution, is among the new hires at Republic’s NOLA headquarters.
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Republic Business Credit Adds Katherine Hebert Seghers as VP, Senior Accountant in New Orleans
May 7, 2024Republic Business Credit continued its national growth trajectory with a new addition at the company’s home office in New Orleans. Katherine Hebert Seghers, an experienced data analyst and financial accounts manager, recently joined the firm as Vice President, Senior Accountant. A graduate of Loyola University New Orleans with an MBA from University of New Orleans,
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Monroe Capital Supports LLR Partners and FTV Capital’s Investment in ParkHub and JustPark Merger
May 7, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the merger and future growth of ParkHub and JustPark by LLR Partners and FTV Capital.
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Driving Cross-Border Growth: eCapital's Innovative Financing for Legacy Organic Food Brand
May 7, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom is pleased to announce the recent closure of a $3.5 million confidential factoring facility to a heritage Canadian organic food manufacturer.
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SG Credit Partners Announces A Senior Debt Investment in RéVive Skincare
May 7, 2024SG Credit Partners, through its Consumer Products division, is happy to announce its partnership with RéVive, an established luxury skincare brand using scientifically-proven formulas to deliver transformative results. The senior debt investment will provide for the company’s ongoing growth and continue its mission to provide first-in-class experiences.
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All Assets from Medrobotics’ 40,000-Square-Foot Massachusetts Plant Available in Turnkey Sale
May 7, 2024Tiger Group and Liquidity Services offer IP, surgical robotics systems, lab equipment and other assets from innovative company whose Flex/Flex360 platform has been used in surgical theaters all over the world.
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ABLC Welcomes Jerry M. Klein, CPA as New Senior Field Examiner
May 7, 2024Asset-Based Lending Consultants (ABLC), a global leader in field examinations and ABL consultations, is pleased to announce the appointment of Jerry M. Klein, CPA, as its new Senior Field Examiner.
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Amit Trehan Joins Cahill’s New York Office as a Bankruptcy and Restructuring Partner
May 7, 2024Cahill Gordon & Reindel LLP announced today that Amit Trehan has joined the firm as a partner in New York, strengthening its Bankruptcy & Restructuring practice.
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Peapack Private Hires Jerry Dominguez as Senior Managing Director
May 7, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Jerry Dominguez has joined Peapack Private’s New York City location as Senior Managing Director. Jerry is responsible for providing customized commercial banking solutions to a diverse set of businesses to help them achieve their financial goals.
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Trinity Capital Inc. Launches Sponsor Finance Vertical with New Strategic Hires
May 7, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed companies across a range of industries.
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Flushing Bank Expands Small Business Support with Addition of New Specialized SBA (Small Business Administration) Team
May 7, 2024Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today the addition of a dedicated team to expand SBA lending nationwide. This initiative underscores the company's commitment to fostering economic growth and providing tailored financial solutions to small businesses.
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Jocelyn Lynch Promoted to Head of Western Alliance Trust Company, N.A.
May 7, 2024Western Alliance Bancorporation today announced the promotion of Jocelyn Lynch to the President and CEO of Western Alliance Trust Company, N.A. Lynch brings tremendous experience to her elevated role, having served previously as Managing Director in the Corporate Trust group at Western Alliance Trust Company, N.A.
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Jared Talisman Joins Colbeck Capital as Managing Director and Head of Originations
May 7, 2024Colbeck Capital Management (“Colbeck”), a leading, middle-market private credit manager focused on strategic lending, today announced that Jared Talisman has joined the firm as a Managing Director and Head of Originations. Mr. Talisman most recently served as a Managing Director at Principal Alternative Credit, where he led and managed the sourcing, structuring, and due diligence of non-sponsored private credit investments.
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PNC, TCW Partner To Expand Capabilities, Create Private Credit Platform
May 7, 2024The PNC Financial Services Group, Inc. ("PNC"), one of the largest diversified financial institutions in the U.S., and the TCW Group, Inc. ("TCW"), a leading global asset manager, today announced they are partnering to deliver private credit solutions to middle market companies.
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Legacy Corporate Lending Provides $30 Million Asset-Based Credit Facility to The Barton Group
May 7, 2024Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $30 million asset-based credit facility to The Barton Group (“Barton” or the “Company”), a family-owned company that has produced the world’s highest-quality garnet abrasives for seven generations.
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Genesis Energy, L.P. Announces Public Offering of Senior Notes
May 6, 2024Genesis Energy, L.P. (NYSE: GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $500,000,000 in aggregate principal amount of senior unsecured notes due 2032 (the “notes”).
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SFNet's The Women in Secured Finance Issue