- Hedgeweek Names CohnReznick 2024 Best Audit Firm: Overall
- Quinn Residences Announces the Expansion of its Revolving Credit Facility to $1 Billion
- Transom Capital Adds Dana Goldstein to Lead Investor Relations and Marketing
- 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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MidCap Business Credit Adds Ray to New Business Team
MidCap Business Credit has appointed Ryan Ray as Senior Vice President of its business development team. Ray has spent the last 15 years in asset-based finance in business development, most recently with Accord Financial. Ryan will be located in Chicago and will cover the Midwest market further cultivating relationships with asset-based lenders, private equity sponsors, investment bankers, advisors, and other financial institutions.
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SFNet 2024 President Barry Bobrow Reflects on a Successful Year
Bobrow discusses the highlights of his tenure as president of SFNet, challenges and opportunities faced, and advice for incoming SFNet President, Rob Meyers.
TSL Express Daily Headlines & News
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LBC Capital and Northpoint Commercial Finance Brands Merge
October 30, 2024Laurentian Bank (TSX: LB) is proud to announce its LBC Capital and Northpoint Commercial Finance (Northpoint) subsidiaries are uniting under one brand, Northpoint Commercial Finance, as of November 1, 2024. The merging of these two brands is a natural and anticipated evolution of this business, allowing for streamlined efficiencies and offerings for its customers throughout North America.
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o15 Capital Partners Provides Financing for Pediatric Dental Services Company
October 30, 2024o15 Capital Partners ("o15"), through its o15 Emerging America Credit Opportunities ("EACO") fund, is pleased to announce it has provided incremental debt financing and an equity co-investment totaling $25 million to a dental services organization ("DSO") primarily serving pediatric Medicaid patients (the "Company") to provide runway for future growth.
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Blackstone Closes First Series of Evergreen Institutional U.S. Direct Lending Fund with $22 Billion of Investable Capital
October 30, 2024Blackstone today announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding our $10 billion target.
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Allied Credit Selects Solifi’s End-to-End Automotive Lease Solution
October 30, 2024Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its Automotive novated lease offering.
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RYAM Raises $700 Million of Debt to Refinance its Capital Structure
October 29, 2024Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company” or “RYAM”), the global leader in High Purity Cellulose, announced it has raised $700 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P., as lead lender, as well as certain affiliates and managed funds of Silver Point Capital, L.P. and Blue Torch Capital LLC.
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Patrick Closes on $500M Offering; Secures $1B Credit Facility
October 29, 2024Patrick Industries, Inc. (NASDAQ: PATK) announced the closing on Oct. 22 of its previously announced private offering of $500 million aggregate principal amount of 6.375% Senior Notes due 2032, at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933.
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MMP Capital Closes $20.0 Million Investment-Grade Corporate Note Financing
October 29, 2024MMP Capital, LLC (MMP), an independent equipment leasing company, announced the recent closing of a $20.0 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new originations.
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King Trade Capital Provides a Seasonal $2.5MM PO Finance Facility
October 29, 2024King Trade Capital is pleased to announce the completion of a $2.5MM purchase order finance facility for a returning client in support of their seasonal sales needs. An old client that KTC has financed in several different businesses, contacted King Trade Capital to help provide a PO finance solution in support of their growing holiday sales.
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Winston & Strawn LLP Advises in a Landmark Telecom Transaction Across Central America
October 29, 2024Winston & Strawn LLP advised Millicom International Cellular S.A. (Millicom) in an agreement with SBA Communications Corporation (SBA Communications) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador, and Nicaragua for approximately US$975 million.
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Gridiron Capital Recognized as a Top Founder-Friendly Investor
October 29, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced it has been named to Inc. Magazine’s 2024 List of Founder-Friendly Investors. Inc. recognizes investors that believe in backing founder-led businesses and have successful track records of collaboration and remaining actively involved with the businesses they invest in.
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5C Investment Partners Commences Investment Activity with $1.6 Billion
October 29, 20245C Investment Partners ("5C"), an alternative investment firm focused on private credit, today announced the commencement of investing activity as part of their senior direct lending platform. 5C will begin investing with $1.6 billion of available capital, which represents equity commitments, target leverage, and a co-investment program.
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Greystone Arranges $35.2 Million Debt Placement to Finance Texas Multifamily Acquisition
October 29, 2024Greystone, a leading national commercial real estate finance company, announced it has arranged $35.2 million in financing for the acquisition of a multifamily community in College Station, TX. The transaction was sourced on behalf of Partin Development by Eric Rosenstock, Senior Managing Director at Greystone, with Greystone’s Thomas Wayda, Managing Director, and Dante DiStefano, Associate, handling the debt placement.
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Bunker Hill Mining Receives Letter of Intent for Up to $150m in Potential Low-Cost Funding From EXIM Bank
October 29, 2024Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQX:BHLL) is pleased to announce that it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”) for a debt funding package of up to $150M with a loan term of up to 15 years.
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EisnerAmper Joins United Nations Global Compact
October 29, 2024Continuing our commitment to responsible business practices, collaboration, and innovation, EisnerAmper is proud to announce that it has signed on to the United Nations Global Compact (“UNGC”). With a mission to advance societal and environmental goals, our participation aligns with our culture and commitment to our colleagues, clients, and the communities in which we live and work.
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Linedata Expands Linedata Ekip360 Asset Finance Platform to the U.S. Market
October 29, 2024Linedata, (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced today the U.S. launch of Linedata Ekip360, a complete, end-to-end asset finance platform. Currently in use by global equipment and auto manufacturers and banks in over 20 countries worldwide including Mexico and Canada, Linedata Ekip360 is now available to U.S. companies seeking a solution that grows their business, enhances efficiency, and improves profitability.
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WSFS Bank Announces Promotion of James J. Wechsler to Executive Vice President, Chief Commercial Banking Officer
October 29, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that James (Jim) Wechsler has been named Executive Vice President, Chief Commercial Banking Officer, effective January 1, 2025.
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SLIM Capital Appoints New Chief Financial Officer to Drive Financial Strategy and Growth
October 29, 2024SLIM Capital, a leading commercial finance company specializing in creative financing solutions for businesses, is pleased to announce the appointment of Joel Baker as its new Chief Financial Officer (CFO). With an extensive background in accounting, strategic planning, and leadership, Joel brings a wealth of expertise to help guide SLIM Capital’s continued expansion and success in the commercial finance sector.
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Battery Energy Storage Systems, IP and High-Utility Manufacturing and Testing Equipment Go to Auction on November 7
October 29, 2024In an assignment for the benefit of creditors, Tiger Group will auction assets and intellectual property from grid-edge tech startup Veloce Energy on November 7.
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Hilco Global and TPG Angelo Gordon Launch Joint Venture to Invest in Consumer IP and Brands in Partnership with Bluestar Alliance
October 29, 2024Hilco Global (“Hilco”) and TPG Angelo Gordon today announced the formation of a new joint venture (“JV”) that will identify, acquire, and finance consumer brands and IP in partnership with Bluestar Alliance, LLC (“Bluestar”).
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Simpson Thacher Names New Investment Banking Practice Leaders
October 29, 2024Simpson Thacher & Bartlett LLP today announced that Dave Azarkh and Alexandra Kaplan have been named as Co-Heads of the Firm’s Global Investment Banking practice. As Co-Heads, Dave and Alexandra lead our integrated team of credit and capital markets attorneys who work collaboratively across a broad spectrum of bank finance and securities offerings, providing comprehensive and innovative advice to clients in an evolving market with an increasing convergence of terms between high yield bonds and complex loan and hybrid products.
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The Secured Lender
SFNet's 80th Annual Convention Issue