- Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- SFNet New Member Spotlight: CB&S Bank
- Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
- SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support Growth
TSL Express Daily Articles & News
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Gordon Brothers & Nations Capital Join Forces to Expand Commercial & Industrial Presence
Gordon Brothers, the global advisory, restructuring and investment firm, and Nations Capital Inc. (NCI) have joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions.
Gordon Brothers’ majority investment in NCI will bolster both firms’ existing commercial and industrial capabilities in North America, which include asset-focused solutions across valuations, dispositions, financing and investment.
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There are few individuals more genuinely positive and upbeat than SFNet’s own Michele Ocejo. On her 30th anniversary of joining SFNet, I took the opportunity to sit down with our heralded but unassuming director of communications and discussed the importance of relationships, making an impact, and the joy she gets from sharing people’s stories.
TSL Express Daily Headlines & News
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February. Some of these facilities include: A $400,000 factoring facility for a transportation company in Nebraska and a $1,500,000 factoring facility for a transportation company in Illinois.
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Crown Partners Arranges $82.5 Million Senior Financing for Signature Brands
March 5, 2024Crown Partners announces the successful arrangement of $82.5 million of senior debt for Signature Brands, LLC (“Signature Brands”), a portfolio company of Traub Capital Partners. The firm served as exclusive financial advisor to Signature Brands in connection with this transaction.
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Beloved Crafts Retailer is on the Brink of Chapter 11 Bankruptcy
March 5, 2024A major U.S. crafts retailer, based in Hudson, Ohio, could be headed for bankruptcy soon. Joann Inc. is considering filing Chapter 11 bankruptcy, which could happen as soon as next week, as part of a deal that would give control of the company to lenders while allowing the company to shed its debt, Bloomberg reported.
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Kuber Announces Increase of Credit Facility to $100 Million
March 5, 2024Kuber Mortgage Investment Corporation ("Kuber" or the "Company") is pleased to announce an increase to its revolving credit facility (the "Credit Facility") from $80 million to $100 million with continued support by two of Canada's largest banks, effective March 1, 2024.
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Armata Pharmaceuticals Announces $35 Million Secured Credit Agreement with Innoviva
March 5, 2024Armata Pharmaceuticals, Inc. (NYSE American: ARMP) ("Armata" or the "Company"), a biotechnology company focused on pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections, today announced that it has entered into a secured credit agreement with Innoviva Strategic Opportunities LLC, a wholly-owned subsidiary of Innoviva Inc.
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Republic Business Credit Partners with TRUE linkswear to Fuel Growth
March 5, 2024TRUE linkswear sought a long-term financing partner in Republic Business Credit, which understood the footwear and apparel company's e-commerce and wholesale market strategy and could keep up with TRUE's dynamic growth trajectory. Republic provided a sizeable asset-based loan to ensure availability against TRUE's inventory and accounts receivables
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CFG Merchant Solutions Upsizes Corporate Note to $30.0 Million
March 5, 2024CFG Merchant Solutions, LLC (“CFGMS” or the “Company”), a technology-enabled specialty finance and alternative funding provider, announced the upsize to $30.0 million of its investment-grade corporate note. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.
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SLR Equipment Finance Expands its Funding Capabilities and Announces its new Partnership with Bank of America and Truist Bank
March 5, 2024SLR Equipment Finance is pleased to announce the closing of a new $350 million credit facility with Bank of America, N.A. and Truist Bank to support the growth of its equipment finance business over the next several years.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February. Some of these facilities include: A $400,000 factoring facility for a transportation company in Nebraska and a $1,500,000 factoring facility for a transportation company in Illinois.
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SG Credit Partners Announces a Senior Debt Investment in PrepMD
March 5, 2024SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with PrepMD, the premier cardiac healthcare solutions company. PrepMD is transforming global cardiac care by combining clinical excellence and technological innovation.
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Garrington Capital Provides $1.6 Million Term Loan to Support Acquisition of Equipment Rental Company
March 5, 2024Garrington Capital (garringtoncapital.com), a leading provider of capital solutions to middle-market companies in the United States and Canada, is pleased to announce the closing of a $1.6 million senior secured term loan (the “Loan”) to a support a buyer’s acquisition of a Pecos, Texas-based equipment rental business. The acquirer is a new, Dallas-based private equity sponsor.
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Lighthouse Provides $4,500,000 Credit Facility to an OH-Based Distributor of Lighting Products
March 5, 2024Lighthouse Financial Corp. is pleased to announce the completion of a $4,500,000 Credit Facility to an Ohio-based distributor of lighting products. The company prides itself as "your one-stop shop for lighting products".
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First Citizens Bank Provides $1 Million Line of Credit to MC Nutraceuticals
March 5, 2024First Citizens Bank today announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of the largest global suppliers of hemp-derived cannabinoids.
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Monroe Capital Selected as 2023 Lower Mid-Market Lender of the Year and CLO Manager of the Year by Private Debt Investor
March 5, 2024Monroe Capital LLC (“Monroe”) was selected as the recipient of two separate Private Debt Investor (“PDI”) awards, including the 2023 Lower Mid-Market Lender of the Year and CLO Manager of the Year (Americas).
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Finance & Restructuring Partner Kate Moore Joins Dorsey in Phoenix
March 5, 2024Kate Moore has joined Dorsey & Whitney LLP as a Partner in the Finance & Restructuring group in Phoenix, the law firm announced today. Kate advises lenders at all stages of financing transactions. She represents a broad array of clients, from some of the largest international financial institutions, to life companies and regional and specialty debt funds.
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February Commercial Chapter 11s Surge 118 Percent
March 5, 2024Commercial chapter 11 bankruptcy filings climbed 118 percent in February 2024, with the 882 filings versus the 377 filings in February 2023, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. The sizable increase in commercial chapter 11 filings in February was spurred by a large number of related filings in two large commercial chapter 11 proceedings.
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BowFlex Inc. Files for Voluntary Chapter 11 Protection and Reaches Stalking Horse Agreement to Facilitate Sale
March 5, 2024Sidley Austin LLP and Holland & Hart LLP are serving as legal advisors to BowFlex. FTI Consulting, Inc. and FTI Capital Advisors LLC have been retained as financial advisor and investment banker to BowFlex to manage the sale and auction process.
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BHG Financial Announces Promotion of Tyler Crawford to President
March 5, 2024BHG Financial, a national provider of innovative financial solutions to professionals and financial institutions for over 20 years, announced today that Tyler Crawford has been named President effective Feb. 28, 2024.
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The Hedaya Capital Group Empowers Generational Transition with $1 Million Financing Facility
March 5, 2024The Hedaya Capital Group, a leading provider of flexible financing solutions that enable companies to maximize growth and respond to transitional situations, provided a $1 million factoring and inventory financing facility to a distributor of bedding and home goods (the “Company”).
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SFNet Member Spotlight: Mount Logan Management
March 4, 2024Mount Logan is a global alternative investment manager that offers its clients complementary solutions across the private credit and specialty finance asset classes.
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SFNet's 80th Annual Convention Issue