- High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
- Saltire Capital Ltd. Announces Closing of Credit Facility
- eCapital Delivers $45 Million ABL Solution to Propel Growth for Texas Energy Services Firm
- Hedgeweek Names CohnReznick 2024 Best Audit Firm: Overall
- Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
TSL Express Daily Articles & News
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SWK Holdings Corporation Announces New Credit Facility with $45 Million Committed at Close
SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, announced the signing of a new four-year credit facility with First Horizon Bank ("First Horizon").
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SFNet Partners With NYU Stern Executive Education to Offer New Course, Impactful Leadership for High Potentials, in June 2023
SFNet has announced it is partnering with NYU Stern Executive Education to offer a course for SFNet members’ emerging leaders that will teach attendees how to recognize, develop, and master skills to become an effective and impactful leader.
The course, Impactful Leadership for High Potentials, will be held June 12-14, 2023 and introduce analytical leadership frameworks by combining a variety of learning approaches to ensure that participants learn self-reflective and supportive mechanisms for continued success on their path as a leader. In addition to the core curriculum, which comes with a certificate of completion from NYU Stern Executive Education, SFNet will introduce several guest lectures from successful leaders in the secured finance industry to speak on topics such as leading in complex systems, leading through change, the role of leadership in company culture, leading with diversity and more.
TSL Express Daily Headlines & News
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Sallyport Commercial Finance Provides $2M For a Manufacturing Business Restructure
January 24, 2024Sallyport Commercial Finance announced its second deal for 2024, equipping an existing client with $2,000,000 in accounts receivable finance, which provides the ongoing working capital required to trade successfully.
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Sight Sciences Announces the Closing of up to $65 Million Senior Secured Credit Facility with Hercules Capital
January 24, 2024Sight Sciences, Inc. (Nasdaq: SGHT) (“Sight Sciences”), an eyecare technology company focused on developing and commercializing innovative technology intended to transform care and improve patients’ lives, today announced the closing of an up to $65 million senior secured credit facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”), a leader in customized debt financing.
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SC&H Capital Welcomes Mike Fixler as Managing Director
January 24, 2024SC&H Capital, a leading investment bank specializing in M&A and other advisory services for middle-market companies, announced Mike Fixler has joined as Managing Director. Fixler brings more than 25 years of experience strategically advising middle-market companies and their stakeholders to the firm’s Special Situations team. His expertise is focused on distressed mergers and acquisitions, capital raising, and various restructuring processes, including in bankruptcy cases.
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Stellus Capital Management, Llc Provides Unitranche Financing and Equity Co-Invest in Support Of Interlock Equity’s Investment in Evolv Consulting
January 24, 2024Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Interlock Equity’s (“Interlock”) investment in evolv Consulting (“evolv” or the “Company”), a leading data-driven digital consulting firm.
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Capital Markets Partner Megan Penick Joins Dorsey in New York City
January 24, 2024Megan Penick has joined Dorsey & Whitney LLP as a Partner in the Capital Markets group in New York City, the international law firm announced today.
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dentalcorp Announces Extension of Maturity of Credit Facility
January 24, 2024dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s leading network of dental practices, today announced an extension to its existing syndicated senior secured credit facility with a consortium of banks, led by CIBC Capital Markets and TD Securities.
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Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management
January 24, 2024Sunbit, the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.
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SG Credit Partners Announces a Senior Debt Investment in AudioEye
January 23, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with AudioEye. AudioEye is a market leader in the website accessibility space that combines the latest AI automation technology with guidance from certified experts and direct input from the disability community to help businesses of all sizes - including over 106,000 customers like Samsung, Calvin Klein, and Samsonite - achieve accessibility.
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Aequum Capital Provides $7.1MM in Credit Facilities to a Leading Heavy-Duty Commercial Vehicle Towing Company
January 23, 2024Aequum Capital is pleased to announce it recently closed $7,100,000 in credit facilities to support Kepler Capital's acquisition of a dominant regional heavy-duty commercial vehicle towing company. The credit facilities include a working capital revolver, cash flow based term loan, and delayed draw term loan to support future growth.
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Houlihan Lokey Adds to Capital Markets Team With Veteran Hire
January 23, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Hommeyer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Hommeyer will spearhead a new syndicate function that focuses on expanding the firm’s investor coverage, distribution capabilities, and market insights as they pertain to U.S. private credit placements.
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Star Mountain Capital Bolsters Secondaries Team Adding Former $500+ Billion in Assets Truist Bank’s Head of Private Capital Manager Research, Ravi Ugale, as a Managing Director
January 23, 2024Star Mountain Capital, an employee-owned, specialized private credit and secondaries investment manager with ~$4 billion in assets under management targeting systematic alpha and low market correlated returns for its clients announced that Ravi Ugale has joined as a Managing Director to further bolster its Secondaries, governance, reporting and client partner team.
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MIMEDX Announces Improved Capital Structure with New Senior Secured Credit Facilities and Debt Refinancing
January 23, 2024These new senior secured credit facilities (the “Facilities”), totaling $95 million and due in January 2029, are comprised of a $75 million revolving credit facility and a $20 million term loan facility and were obtained through a syndicate of banks comprised of Citizens and Bank of America, N.A.
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Bennett Named Executive Director of External Affairs at First Citizens Bank
January 23, 2024First Citizens Bank announced today the appointment of James Bennett as executive director of External Affairs. In this newly created position, Bennett, a seasoned First Citizens banker, is now responsible for nationwide community engagement as well as strengthening relationships with state and federal government officials, members of Congress, trade groups and other public policy stakeholders.
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Citizens Holding Company Announces Sale and Leaseback Transaction
January 23, 2024Citizens Holding Company (the “Company”) (OTCQX:CIZN), the holding company for The Citizens Bank of Philadelphia (the “Bank”), today announced it has executed an agreement for sale-leaseback of 3 of its currently owned properties.
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Culain Capital Funding Closes $3MM Factoring Facility, Enabling New York Mechanical Services Company to Acquire Another Firm
January 23, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a mechanical services company based in NY, which recently received a $3MM accounts receivable factoring facility through Culain.
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Ormat Technologies Secures $75 Million From BHI to Help Fund The Company’s Acquisition of Enel Group’s U.S. Geothermal Portfolio For $271 Million
January 23, 2024BHI, a full-service commercial bank, announced that it has entered into an agreement with Reno, Nevada-based Ormat Technologies (NYSE: ORA) to provide a new $75 million term loan for the company.
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Zions Bancorporation Completes Asset-Based Lending Deal With North American, Distributor
January 23, 2024Zions Bancorporation, N.A., through its Utah division, Zions Bank closed and funded a $50MM credit facility for a distributor of oil and natural gas and service company. The credit facility consisted of a multi-year revolving line of credit.
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Zions Bancorporation Completes Asset-Based Lending Deal with a North American Distributor of Control Valves
January 23, 2024Zions Bancorporation, N.A., through its Texas division, Amegy Bank, closed a $12,000,000 credit facility for a distributor of control valves, actuators, and related equipment for various industries. The credit facility consisted of a $10,000,000 multi-year revolving line of credit and a $2,000,000 term loan facility.
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Garrington Capital Announces $8.3 Million Term Loan to a Regional Trucking Company
January 23, 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 $8.3 Million Senior Secured Term Loan (the “Loan”) to a third-generation, family-owned short/long-haul regional trucking company.
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Babcock & Wilcox Enterprises Announces New $150 Million Senior Secured Credit Facility; Reaffirmed Credit Rating of BB+
January 23, 2024Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) today announced that, effective January 18, 2024, it has entered into a new three-year senior secured credit agreement with Axos Bank (“Axos”) under which Axos has provided an asset-based revolving credit facility of up to $150 million that can be used to support letters of credit, renewable energy growth initiatives and potential accretive business purposes.
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The Secured Lender
SFNet's 80th Annual Convention Issue