- Gunvor Secures US $2.265 Billion Sustainability-linked, Multi-currency Revolving Credit Facility
- Clifford Chance Announces Hire of Third US Private Equity Partner Vince Ferrito in New York
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- Online Auction Features Rental and Production-Ready Audio, Video and Lighting Gear
- BHI Provides $38.7 Million in Financing to EPIRE for the Construction of One Jones Park, A 75 Unit Multifamily Development at 387 8th Street in Jersey City
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
eCapital Upsizes Bank Line to $1.4 Billion to Fuel Growth
eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
TSL Express Trending Story
Featured
In December, Gordon Brothers announced that Norma Kuntz would be appointed CEO of the company, effective February 13, 2023. Ken Frieze and Michael Frieze will continue to serve the company as chairman and chairman emeritus, respectively.
Kuntz joined Gordon Brothers as its president and chief operating officer in June 2022 and quickly demonstrated her readiness to lead the firm. Prior to Gordon Brothers, she served as the chief operating officer and chief financial officer of global private equity at The Carlyle Group. Her nearly 25 years of financial services industry experience includes global roles within private equity, asset management, alternative investments and valuations, positioning her well to lead a multi-disciplinary global firm poised for growth.
TSL Express Daily Headlines & News
-
Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.
February 29, 2024ChargePoint (NYSE: CHPT), a leading provider of solutions for charging electric vehicles (EVs), EnTech Solutions, a division of Faith Technologies Incorporated (FTI) and a comprehensive distributed energy solutions provider, and Wells Fargo (NYSE: WFC), a leading financial services company, today announced their collaboration to offer simplified, flexible financing solutions for businesses building out charging infrastructure for EV fleets.
-
Macy’s to Close 150 Namesake Stores, Prioritize Luxury Brands
February 29, 2024The announcement, accompanied with fourth-quarter results, follow a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management in December. Macy’s rejected the offer, but last week Arkhouse nominated nine directors to Macy’s board as the activist investor persists in its efforts.
-
Celtic Capital Corporation Provides $1.25 Million for Manufacturer of Prefinished Doors, Trim and Custom Millwork
February 29, 2024Celtic Capital Corporation today announced its most recent new client relationship – a manufacturer of prefinished doors, trim and custom millwork for residential builders. This Company was referred to Celtic Capital by a subordinated lender to the Company that Celtic Capital has worked with previously as well as by a former client who sits on the Company’s board.
-
SC&H Capital Advises Tattooed Chef in Sale of its Assets
February 29, 2024SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Tattooed Chef, Inc. (“Tattooed Chef” or “the Company”), a plant-based food company renowned for its innovative and flavorful products, has completed a sale of substantially all of its assets.
-
CIBC Innovation Banking Provides Growth Capital to Drips Holdings, LLC
February 29, 2024CIBC Innovation Banking announced today that it has provided growth financing to Drips Holdings, LLC (Drips), an Akron, Ohio-based conversational outreach company that helps organizations orchestrate large scale 1:1 conversations precisely at critical moments in the customer journey.
-
Titan International, Inc. Acquires Carlstar Group LLC, Enters Into a new Credit Facility
February 29, 2024Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the acquisition of Carlstar Group LLC. ("Carlstar") for approximately $296 million in a transaction consisting of cash and stock, which closed on February 29, 2024, subject to completion of the wire transfers under the purchase agreement and the issuance of the stock consideration.
-
SATO Corporation has Signed a EUR 150 Million 12 year Secured Sustainability Linked Term Loan Facility with Legal & General Investment Management’s Dedicated UK and European Real Estate Debt Division
February 28, 2024SATO Corporation has signed a EUR 150 million secured loan facility with LGIM. The facility has a tenor of 12 years and has sustainability linked features which provides a margin reduction to SATO upon achieving certain sustainability performance measures. These measures align with SATO’s sustainability targets.
-
SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank
February 28, 2024SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT™'s innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options.
-
First Horizon Names Ashley Argo Deputy Chief Risk Officer
February 28, 2024First Horizon Corporation, (NYSE: FHN or "First Horizon") has promoted Ashley Argo to Deputy Chief Risk Officer. Argo has held multiple roles in her 19-year tenure with First Horizon Bank in various departments including Accounting, Credit and Risk Management.
-
MUFG Continues to Strategically Invest in Leveraged Credit Business With Key new Hire
February 28, 2024Mitsubishi UFJ Financial Group (MUFG) announced today that Jordan Hollander has joined the bank as a Director on the High Yield Credit Research team, jointly reporting to Tim Fischer and Todd Bondy, Co-Heads of Leveraged Credit Sales & Trading.
-
FirstBank Announces New CEO and COO
February 28, 2024FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good”, announced Jim Reuter is retiring from FirstBank after seven years as Chief Executive Officer (CEO) and 37 years with the organization. The board elected President, Kevin Classen, as the new CEO, and Chief Digital Officer (CDO), Kelly Kaminskas, was named Chief Operating Officer (COO).
-
Thrasio Takes Steps to Strengthen Financial Position
February 28, 2024Thrasio Holdings, Inc. ("Thrasio" or "the Company") today announced that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with approximately 81% of its revolving credit facility lenders and approximately 88% of its term loan lenders that will eliminate approximately $495 million of the Company's existing debt, defer all interest payments in the first year post-emergence and infuse new capital into the Company.
-
RelPro Named to Inc.’s List of Fastest-Growing Northeast Companies for Third Consecutive Year
February 28, 2024For the third consecutive year, RelPro has been recognized as one of the fastest-growing private companies in the Northeast. RelPro is ranked #115 on the Inc. Magazine 2024 Northeast Regional list published today, up from #122 in 2023. The Inc. Northeast ranking compares the performance of companies based in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
-
Mitsubishi HC Capital Canada Promotes David Gagnon and Philippe Frenette to Vice President Roles
February 28, 2024Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, announces leadership promotions of David Gagnonas Vice President of the newly created Strategy and Sales Operations division, and Philippe Frenette as the new Vice President, Risk, Portfolio Management and Credit.
-
SLR Business Credit Funds $50 Million Credit Facility
February 28, 2024SLR Business Credit is pleased to announce the funding of a $50 Million Asset-Based Revolving Line of Credit for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth.
-
Dechert Advises Kier Group with a Resizing and Extension of its £475 million Revolving Credit Facility
February 28, 2024Dechert LLP advised Kier Group plc, a leading UK infrastructure services, construction and property group, in connection with a resizing and extension of its £475 million revolving credit facility as part of a broader refinancing of its existing facilities and private placement notes.
-
Cahill Represents Lead Arrangers In $579 Million Credit Facility For Covanta Holding Corporation
February 28, 2024Cahill represented the lead arrangers in connection with $579 million of sustainability-linked incremental term loan B and term loan C credit facilities for Covanta Holding Corporation.
-
Scotiabank, BMO Prepare for Near-term Loan Weakness and Better Times Ahead
February 28, 2024The start of first quarter bank earnings saw Scotiabank and BMO put more money aside for loans that may go sour in the near-term, while they forecast better conditions ahead.
-
MidCap Business Credit LLC Completes an $8 Million Asset Based Credit Facility to a Distributor of Ready to Assemble Wooden Furniture Frames
February 27, 2024MidCap Business Credit LLC announced today that it has completed an $8 million asset- based credit facility to a distributor of ready to assemble wooden furniture frames. The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT.
-
Ares Commercial Finance Expands Presence in Michigan with Verazain as Managing Director for Business Development and Underwriting Teams
February 27, 2024Ares Commercial Finance is pleased to announce that it has expanded its presence in Michigan with the addition of Victor Verazain as Managing Director for the Business Development and Underwriting teams.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue