- Bastion Management Closes $50 Million Facility with Cashco Financial
- Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
- Asset-Based Lending & Factoring Surveys
- Apparel Retailer rue21 Files for Third Bankruptcy, Will Close all Stores
- Scout Clean Energy Closes $100 Million Equipment Supply Loan
TSL Express Daily Articles & News
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Siena Lending Group Announces Leadership Changes and Promotions
Scott Elliotto has been named President of Siena Lending Group, while Todd Eubanks is joining SLG as Deputy Chief Risk Officer and Michael Zielinski has been promoted to Director of Portfolio Management, Team Leader. All positions are effective immediately.
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Getting R.E.A.L. in Later Stage, Venture-Backed Companies
In this article, we discuss how leading, managing, and operating a business with a focus on growth and development but with profits and cash flow is far different than driving interesting research and development (R&D) and engineering activities; and how a company should deal with these challenges as they evolve.
TSL Express Daily Headlines & News
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Barnes & Noble Education Announces Milestone Transactions to Significantly Strengthen Balance Sheet and Advance Industry Leading Services for Institutions and Students
April 17, 2024Barnes & Noble Education, Inc. (NYSE: BNED) (“BNED” or the “Company”), a leading solutions provider for the education industry, today announced that it has entered into a definitive agreement with Immersion Corporation (NASDAQ: IMMR) (“Immersion”), and certain of the Company’s existing shareholders and strategic partners, on the terms of new equity and refinancing transactions that will significantly strengthen BNED’s long-term financial position.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of DW Healthcare Partners’ Investment in Med Learning Group, LLC
April 17, 2024Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing to support the growth of Med Learning Group, LLC (“MLG”), a full-service medical education company backed by DW Healthcare Partners.
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Runway Growth Capital Provides a $40 Million Growth Investment to CarNow
April 17, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $40 million commitment to CarNow, a live-data automotive technology platform that helps dealers elevate the car-buying experience by transforming the way they connect with customers.
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Prominent Hybrid Capital and M&A Partners Join Latham to Further Enhance Premier Private Capital Platform
April 16, 2024Latham & Watkins LLP is pleased to announce that Tracey A. Zaccone and Justin Rosenberg have joined the firm’s New York office as partners in the Hybrid Capital and Mergers & Acquisitions and Private Equity Practices, respectively. Zaccone specializes in hybrid capital and private credit financing transactions for private equity firms and public and private companies, as well as traditional capital markets and public company matters.
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Temporary Staffing Company Receives $6.75 Million Asset-Based Loan from Republic Business Credit
April 16, 2024Republic Business Credit provided a $6.75 million asset-based loan to an award-winning temporary staffing company that outgrew its current bank lender. The Tennessee-based company provides staffing solutions for light industrial, administrative, information technology, and essential healthcare workers.
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BHI Provides a $40 Million Capital Call Line to Debt Fund Managed by Real Estate Private Equity Firm Northwind Group
April 16, 2024BHI, a full-service commercial bank, today announced it has issued a $40 million capital call line facility to Northwind Debt Fund II, a closed ended CRE debt fund managed by Northwind Group, a real estate private equity firm that has transacted on over $4 billion worth of debt and equity investments in residential, commercial, senior living and healthcare properties.
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SG Credit Partners Announces a Senior Debt Investment in RANE
April 16, 2024SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with RANE Network, a risk intelligence company. RANE's platform helps organizations identify, manage and mitigate operational risks with network insights that ensure business continuity and resiliency.
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LSQ Creates $25MM Invoice Credit Facility for Global Pharmaceutical Manufacturer
April 16, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated a $25 million invoice finance facility for the U.S. operations of a global pharmaceutical manufacturer.
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eCapital Empowers Michigan-Based Services Company with $7MM in ABL Funding
April 16, 2024eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., today announced the successful closure of a $7 million asset-based lending deal with a Michigan-based business services provider. This transaction, finalized in late March, highlights eCapital's powerful referral network and dedication to boosting SMB growth.
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Koppers Successfully Reprices and Upsizes Term Loan B
April 16, 2024Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that the company successfully completed the repricing and upsizing of its seven-year $397 million senior secured Term Loan B (TLB) due April 10, 2030.
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Monroe Capital Supports Leeds Equity Partners’ Touchmath
April 16, 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 acquisition of TouchMath by Leeds Equity Partners.
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First Horizon Corporation Names Thomas Hung Chief Credit Officer, Susan Springfield Announces Retirement
April 16, 2024First Horizon Corporation (NYSE: FHN or "First Horizon") today announced that Thomas Hung, Executive Vice President, Head of Franchise Finance, will be named Senior Executive Vice President, Chief Credit Officer, effective October 1, 2024. Hung will succeed Susan Springfield, Senior Executive Vice President, Chief Credit Officer, who has served in this role since 2013.
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Great Rock Capital Provides $33MM of Liquidity to Sponsor-Owned Pharma Company
April 16, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $33 million of capital through a senior secured credit facility to a sponsor-owned pharmaceutical manufacturing and packaging company.
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Northleaf Capital Partners Leads $100 Million Second Lien Credit Facility to Cutting Edge Group
April 16, 2024Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, today announced that it served as the lead arranger of a US$100 million asset-backed second lien credit facility to Cutting Edge Group (“CEG”), an established investor in and manager of niche media music rights.
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Solifi Announces Codat Integration is now Available on Open Finance Platform
April 16, 2024Solifi, a global fintech software partner for secured finance, announced the completion of the integration with Codat, a leading provider of enhanced-connectivity automated solutions. The out-of-the-box functionality enables asset-based lending (ABL) firms to make smarter, faster and actionable credit decisions.
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Culain Capital Enhances Accounts Receivable Financing Facility for Texas Warehousing/Fulfillment Company
April 15, 2024Culain Capital Funding, a leading provider of secured finance solutions, is pleased to announce the successful completion of an amendment to increase the accounts receivable financing facility of a Texas Warehousing/Fulfillment client.
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New York Community Bancorp, Inc. Bolsters Executive Team with Four Strategic Appointments
April 15, 2024New York Community Bancorp, Inc. (NYSE: NYCB) proudly announces the appointment of four distinguished leaders to its executive management team, effective immediately.
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Rosenthal Closes $11 Million Asset- Based Lending Transaction for Seafood Importer and Distributor
April 15, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of an asset based lending transaction for a major seafood importer totaling $11 million.
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Mountain Ridge Capital Provides $24 Million Credit Facility to National Fashion Apparel Distributor
April 15, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $24 million senior secured credit facility to national fashion apparel distributor.
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Access Capital Provides TalentBridge with $15 Million ABL Funding
April 15, 2024TalentBridge is a staffing and recruiting firm specializing in direct hire, staff augmentation, and contract-to-hire staffing. The company places over 7,500 professionals each year.
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