TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Monroe Capital Supports Rockbridge Growth Equity’s Purchase of Minority Ownership of GSTV
Monroe 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.
TSL Express Trending Story
Featured
The Use of Covenants in a Discretionary Factoring Facility
SFNet’s Crucial Conversations webinar, “The Value and Effective Use of Covenants in a Factoring Transaction,”
focused on why covenants are needed in a discretionary factoring facility; covenant types and reporting frequency; the art of picking the right covenant(s) and more. Here, panelist Hugh Larratt-Smith provides a recap of the webinar.
TSL Express Daily Headlines & News
-
Abacus Finance Provides Senior Debt Financing to Support the Acquisition of Kingston Brass by LongueVue Capital
April 2, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Administrative Agent and Sole Lender for senior secured credit facilities to support the acquisition of Kingston Brass by LongueVue Capital.
-
Wintrust Receivables Finance Announces $4.75M Line of Credit for Pet Food and Products Manufacturer and Distributor
April 2, 2024Wintrust Receivables Finance is pleased to announce the closing of a $4,750,000 line of credit to a Southeast-based manufacturer and distributor of natural pet food. In addition to pet food, the company also has a broad portfolio of pet and wellness products for dogs and cats including treats, dental chews, and supplements.
-
Boardwalktech Secures $4.0 Million Line of Credit Facility
April 1, 2024Boardwalktech Software Corp ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to announce that as of March 28, 2024, the Company has secured a three-year $US4.0 million Line-of-Credit ("LOC") facility with Celtic Bank, for growth needs including expansion of its recurring revenue.
-
36th Street Closes $30 Million Funding for Personal Care Products Manufacturer
April 1, 202436th Street Capital announced it recently served as lessor of record and servicer for a $30 million equipment financing of manufacturing equipment dedicated to the manufacturing and production of personal care, first aid, and household products. 36th Street funded $10 million for its own account, with other financial institutions rounding out the transaction.
-
CSG Law Welcomes Sol W. Bernstein to the Corporate & Securities Group
April 1, 2024Chiesa Shahinian & Giantomasi PC (CSG Law) is pleased to announce that Sol W. Bernstein has joined the firm as Of Counsel with the Corporate & Securities Group and the Banking & Finance Team.
-
Encina Private Credit Expands Business Development Team with the Hiring of Industry Veterans, Mark Patchell and Brian Tammaro
April 1, 2024Encina Private Credit (“EPC”) is pleased to announce two key new senior hires to the originations team to expand the platform’s business development efforts. Mark Patchell joined EPC as Senior Managing Director, and Brian Tammaro was added as Managing Director.
-
Alpine Ridge Funding Provides $2.5 Million Factoring Facility for Healthcare Service Provider
April 1, 2024Alpine Ridge Funding is pleased to announce a $2.5 million factoring facility for a healthcare service provider based in Georgia. The company was seeking a new lender to support their ongoing working capital needs
-
U.S. Department of the Treasury Releases Report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Sector
April 1, 2024Today, the U.S. Department of the Treasury released a report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector. The report was written at the direction of Presidential Executive Order 14110 on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.
-
Golub Capital APAC Expansion Continues into Japan
April 1, 2024Golub Capital today announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office. In his new role, he will be focused on deepening relationships with investors across Japan.
-
Quest Resource Holding Corporation Extends Debt Maturities Enhancing Financial Flexibility
April 1, 2024Quest Resource Holding Corporation (NASDAQ: QRHC) (“Quest” or the “Company”), a national leader in environmental waste and recycling services, today announced that it has extended the maturity dates for its existing credit facilities held by Monroe Capital Management Advisors, LLC and PNC Bank, NA.
-
Houlihan Lokey Continues to Strengthen Transaction Advisory Services With Seasoned Hire
April 1, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Abhishek Jain has joined its Transaction Advisory Services (TAS) practice as a Managing Director. Mr. Jain, based in Chicago, will further strengthen the firm’s financial due diligence capabilities, with a primary focus on the industrials sector.
-
Cadence Bank Announces Simplified Organizational Structure and Expanded Roles for Key Executives
April 1, 2024Cadence Bank (NYSE: CADE) today announced changes to its organizational structure, as well as new and increased responsibilities for several key executives, that will build on the company's success, create efficiencies and position it for future growth.
-
RSM US Middle Market Business Index Shows a Sustained Expansion
April 1, 2024The RSM US Middle Market Business Index eased in the first quarter, but not enough to change our view that a sustained expansion will continue throughout this year amid improving productivity.
-
MUFG Announces New Medium-term Business Plan
April 1, 2024MUFG today announced that it has established a new Medium-term Business Plan (“MTBP”) for the three-year period beginning in FY2024.
-
Atlantic Union Bankshares Corporation Completes Acquisition of American National Bankshares Inc.
April 1, 2024Atlantic Union Bankshares Corporation (“Atlantic Union”) announced today that it has completed its previously announced merger with American National Bankshares Inc. (“American National”), effective April 1, 2024. This transaction strengthens Atlantic Union’s presence in Central, Western and Southern Virginia and provides a meaningful entry into North Carolina’s Piedmont Triad region and Raleigh.
-
The GEO Group Announces Commencement of Refinancing Process
April 1, 2024The GEO Group (NYSE: GEO) (“GEO” or the "Company"), announced the commencement of a refinancing process for its Tranche 1 and Tranche 2 term loans (collectively, the "Term Loans"). As of December 31, 2023, an aggregate amount of $906.7 million of Term Loans was outstanding.
-
Airspan to Receive up to $95 Million in new Equity Financing and Eliminate all Existing Funded Debt
April 1, 2024Airspan Networks Holdings Inc., a provider of ground-breaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN, private network and air-to-ground connectivity solutions, today announced that it has entered into a Restructuring Support Agreement (the “Agreement”) with certain funds managed by Fortress Investment Group (“Fortress”) and several of its other key financial stakeholders
-
Celtic Capital Corporation Provides Funding for a Manufacturer of Precision Manufactured Components and Assemblies
April 1, 2024Celtic Capital provided a $2,500,000 Equipment Loan and subsequently participated with the revolving lender for $1,500,000 on the Accounts Receivable and Inventory Lines of Credit.
-
HarborOne Bancorp, Inc. Names Stephen W. Finocchio as Executive Vice President and Chief Financial Officer
April 1, 2024HarborOne Bancorp, Inc. today announced the appointment of Stephen W. Finocchio as Executive Vice President and Chief Financial Officer, HarborOne Bancorp, Inc. and HarborOne Bank. Finocchio will oversee all Finance areas, including Accounting, Reporting, Treasury, and Investor Relations.
-
RBC Completes Acquisition of HSBC Bank Canada
April 1, 2024Royal Bank of Canada (TSX: RY) (NYSE: RY) ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada").
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue