- Asset-Based Lending & Factoring Surveys
- Saltire Capital Ltd. Announces Closing of Credit Facility
- CohnReznick Expands Philippines Footprint
- Clifford Chance Announces Hire of Third US Private Equity Partner Vince Ferrito in New York
- SLR Equipment Finance Expands its Finance Team and Announces That Matt Colegrove has Joined the Company
TSL Express Daily Articles & News
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Gibraltar Equipment Finance (GEF) Expands East Coast Business Development with SVP Steve Sanders
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.
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The Story of Foothill Capital
In this new feature series, “The Story of,” Charlie Perer sits with the key entrepreneurs and executives who have built leading commercial finance companies to talk about the origins of their respective firms. The purpose of this series is to tell the story behind many of the most famous and dynamic firms of past, present and future. The first feature is about Foothill Capital, which, of course was acquired by Norwest in 1998 and later by Wells Fargo. The core team at Foothill went on to be leaders at Wells Fargo Capital Finance and throughout the entire commercial finance industry.
TSL Express Daily Headlines & News
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Houlihan Lokey Expands Healthcare Capital Markets Capabilities With Experienced Hire
March 12, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Brent Shepherd has joined as a Managing Director in its Capital Markets Group. Based in Chicago, Mr. Shepherd will co-lead the firm’s Healthcare Capital Markets efforts alongside Managing Director Neha Shah.
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Republic Business Credit Provides $8.0 Million Asset-Based Loan to Aftermarket Automotive Supplier
March 12, 2024When a California-based aftermarket automotive supplier needed to increase its working capital after acquiring a competitor, Republic stepped in to provide more availability and a larger credit facility to support its cashflow.
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SFNet Submits Letter in Opposition to Illinois Financial Disclosure Legislation
March 12, 2024SFNet has submitted a comment letter opposing the Illinois commercial finance disclosure legislation, which is similar to New York’s law, but has the additional requirements of licensing and a database.
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Hilco Streambank Announces Internal Reorganization and Executive Promotions
March 12, 2024Hilco Streambank, a leading advisory firm specializing in intangible asset disposition, valuation, and a leading market player for digital assets and services, today announced significant changes to its organizational structure and key executive promotions.
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Gibraltar Business Capital Provides $20MM to Second-Generation Honey Company
March 11, 2024GloryBee Natural Sweeteners, a family-owned business based in Oregon, is dedicated to ethically sourcing, processing, and packing high-quality honey and other sweeteners primarily used as ingredients. The company, having invested in a state-of-the-art manufacturing facility and national expansion, needed a lender that could move quickly to refinance existing bank debt and provide additional liquidity to maximize growth opportunities.
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Culain Capital Funding Closes $4MM for National Consumer Products Company
March 11, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a consumer products company that does business across the country, which recently received a $4MM accounts receivable factoring facility through Culain Capital.
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InterNex Capital Announces $5 Million Facility to Business Process Outsourcing Company
March 11, 2024InterNex Capital provided a $5 million revolving line of credit to a leading Business Process Outsourcing (BPO) company in the call center space, focused on the tech sector. The BPO company sought an innovative lender that was understanding of the billing cycles in the technology sector and could provide flexibility as AR concentrations shifted between customers.
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Citizens Advises Ellipse Eye Group in Its Sale to ReFocus Eye Health
March 11, 2024Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Ellipse Eye Group, LLC on its sale to ReFocus Eye Health, a portfolio company of Zenyth Partners.
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Cory Gitt Joins BridgeCore Capital as Managing Director, Loan Originations
March 11, 2024BridgeCore Capital, Inc. today announced that Cory Gitt has joined the firm as Managing Director, Loan Originations. In this role, Gitt will be responsible for overseeing loan originations for BridgeCore’s recently launched, nationwide program for middle-market loans ranging from $5 million to $30+ million on stabilized and near-stabilized multi-family, industrial, life science and grocery-anchored retail properties.
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Nomura Introduces Nomura Capital Management as Firm Refines Focus on Investment Management Business in the Americas
March 11, 2024Nomura Holdings, Inc has realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management LLC (NCM). The new brand is a subsidiary of Nomura Holding America Inc. (NHA) and will integrate Nomura Group’s public and private credit offerings to maximize the firm’s growth opportunities and to better serve institutional and intermediary clients in the Americas.
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New Jersey Security Firm Secures a $1,500,000 Line for Business Expansion from Prestige Capital
March 11, 2024A New Jersey-based security company, committed to providing safety to inner-city housing developments, sought funds to fuel their business expansion. Presented with promising opportunities to undertake new contracts, the company needed additional resources to hire additional security guards and meet the growing demand for their services.
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Yellowstone, Whose Portfolio Includes The New Yorker Hotel, Increases its Capital Call Line With BHI From $90 Million To $150 Million as it Sets Sights on Other Potential Opportunistic Acquisitions
March 11, 2024BHI, a full-service commercial bank, announced that it has increased its capital call line facility from $90 million to $150 million to provide Yellowstone Funds (“Yellowstone”) with liquidity as the premier evergreen real estate investment platform continues to evaluate the current environment in the real estate market and assess potential opportunistic acquisitions.
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First Citizens Bank Provides $33.5 Million to Adams Beverages
March 11, 2024First Citizens Bank today announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail outlets throughout Alabama and North Carolina.
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Equinox Group Secures Strategic Investments to Refinance Existing Loans and Support Growth as the Global Leader in High Performance Living
March 11, 2024Equinox, the authority in high performance luxury living, today announced it has secured approximately $1.8 billion in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.
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Runway Growth Finance Corp. Announces Joint Venture with Cadma Capital Partners
March 11, 2024Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that the Company has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management.
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Monroe Capital Funds Make Strategic Investment in Second Avenue
March 11, 2024Monroe Capital LLC (“Monroe”), on behalf of its investment funds, today announced it has acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix of debt and equity capital. The $250 million is structured as a follow-on investment that is expected to be deployed across various opportunities in 2024.
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Empire State Realty Trust Announces New $715 Million Credit Facility
March 11, 2024Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.
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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Shareholder Approval of Merger
March 11, 2024BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) and BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ: BKCC) announced today that the shareholders of each business development company (“BDC”) have voted to approve the necessary proposals related to the merger of TCPC and BCIC at each company's special meeting of shareholders held on March 7, 2024.
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SSG Advises Christmas by Krebs Corporation in the Sale of Substantially all of its Assets to The Gerson Companies
March 11, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Christmas by Krebs Corporation (“CBK” or the “Company”) in the sale of substantially all of its assets to The Gerson Companies. The transaction was effectuated pursuant to Article 9 of the Uniform Commercial Code and closed in February 2024.
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CIBC Announces Senior Executive Appointments
March 11, 2024CIBC (TSX: CM) (NYSE: CM) President and CEO Victor Dodig today announced senior leadership appointments to support the bank's continued execution of its client-focused strategy, deepen its leadership capabilities and enable continued business momentum.
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The Secured Lender
SFNet's 80th Annual Convention Issue