- Marathon Asset Management and Webster Bank Provide Senior Secured Financing for Littlejohn’s Acquisition of Sunbelt Modular
- CohnReznick Expands Philippines Footprint
- Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
- SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support Growth
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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First Citizens Bank Provides a $1 Million Line of Credit to The Georgia Hemp Company
First Citizens Bank today announced that its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.
TSL Express Trending Story
Featured
Crypto-Based Lending and the 2022 UCC Amendments
In this article, the author revisits cryptocurrency-based lending and how the 2022 UCC amendments provide welcome clarity to lending transactions involving digital assets.
TSL Express Daily Headlines & News
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Northleaf Leads $75 Million Senior Secured Credit Facility for Duetti
February 16, 2024Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.
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MB2 Dental Raises US$2.344bn Unitranche Debt Facility With KKR
February 15, 2024Leading dental partnership organization (“DPO”), MB2 Dental has closed a US$2.344bn unitranche debt facility with credit vehicles and accounts managed by KKR, which acted as Lead Investor and Arranger on the transaction.
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Cineplex Announces Pricing of Private Placement Notes Offering
February 15, 2024The Notes Offering is being underwritten by BMO Capital Markets and Scotiabank, as joint active bookrunning managers, in a syndicate that also includes RBC Capital Markets and TD Securities, as joint bookrunning managers, and CIBC Capital Markets and Canaccord Genuity Corp., as co-managers.
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Electrovaya Announces Increase in Credit Facility to C$22 million
February 15, 2024Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$16 million to C$22 million, with uncommitted accordions up to $4MM to increase the facility to C$26 million in the future.
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Robertshaw Takes Strategic Actions to Position the Company for Long-Term Growth
February 15, 2024Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.
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Cambridge Savings Bank Hires Ryan Bailey as New President and Chief Executive Officer
February 15, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it has hired Ryan Bailey as the bank’s new president and chief executive officer (CEO).
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TD Bank Names Don Baker Northern New England Commercial Market President
February 15, 2024TD Bank, America's Most Convenient Bank®, has named Don Baker Commercial Market President of Northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont.
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Citizens Financial Group Appoints Brendan Goode as Chief Security Officer
February 15, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June.
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Fund Finance Report Reveals Growth Outlook Despite Challenges
February 15, 2024Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.
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Bain Capital Credit Announces $2 Billion of Financing Investments in 2023
February 15, 2024Bain Capital Credit, L.P., a leading global credit specialist, today announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.
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A&G Gears Up to Seize New Opportunities in Today’s Turbulent Commercial Real Estate Market
February 15, 2024Company works with global investment bank Houlihan Lokey, Inc., to accelerate growth and provide a broader array of products and services to U.S. real estate operators facing a coming wave of distress.
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Old National Names Thurston as Corporate Banking Executive
February 14, 2024Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has announced the appointment of John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking.
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New England Consulting Partners Marks Milestone Growth with Promotions
February 14, 2024New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.
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Banks Launch $5 Billion Loan for KKR’s Cotiviti Stake Deal
February 14, 2024A group of banks launched a $5 billion leveraged loan sale on Wednesday to help finance KKR & Co.’s purchase of a stake in Cotiviti Inc., according to people with knowledge of the matter.
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Rosenthal Closes Two Recourse Factoring Deals
February 14, 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 two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.
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SLR Digital Finance Closes $2 Million Revolving Credit Facility for Mobile Media & Ad Tech Company
February 14, 2024SLR Digital Finance announces the funding of a $2,000,000 asset-based revolving credit facility which incorporates tiered pricing to match and refinance an SBA loan and allows for additional growth under the revolving line of credit.
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Värde Commits $1.3 Billion in Asset-Based Private Credit Transactions in 2023
February 14, 2024Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments facilitated approximately $9 billion of commercial and consumer loans in North America and Europe.
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Fora Financial Surpasses $4 Billion+ in Capital Provided to America’s Small Businesses
February 14, 2024Fora Financial, a leading provider of short-term financing to the SMB community, announces that it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible financing.
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Sientra to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process
February 14, 2024Sientra, Inc. (NASDAQ: SIEN) (“Sientra” or the “Company”), a surgical aesthetics company developing and commercializing safe and innovative solutions for the best aesthetic outcomes, announced that it filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on February 12, 2024.
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Dechert Continues to Expand Private Credit and Leveraged Finance Capabilities with Addition of Eliot L. Relles
February 14, 2024Dechert LLP announced today the addition of Eliot L. Relles as a partner in its corporate and securities practice group, further enhancing the firm’s capabilities in leveraged finance and private credit. Mr. Relles will be based in the firm’s New York office.
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The Secured Lender
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