- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- Granite Comfort Announces Asset-Based Credit Facility to Propel its HVAC Infrastructure-as-a-Service Offering
- Sidley Austin Represents J.S. Held in Acquisition of Luttrell Wegis
- Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
- Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Slide Insurance Raises Additional $35 Million of Capital
Slide Insurance, a full-stack insurtech focused on homeowners insurance, announced today the closing of a $35 million senior credit facility with Regions Bank.
TSL Express Trending Story
Featured
The Single Group Facility: Simplifying Cross-Border Receivables Finance
In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay is the first-place essay.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The third place essays were published in the September issue of TSL and the second place winner was published in the October issue.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The third place essays were published in the September issue of TSL and the second place winner was published in the October issue.
TSL Express Daily Headlines & News
-
A&G Plans to Offer Eight Additional Rite Aid Store Leases and Three New Fee-Owned Properties
January 16, 2024A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale an additional tranche of neighborhood pharmacy leases and fee-owned properties, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
-
Uniform Manufacturer Secures $12MM in ABL Funding from eCapital
January 16, 2024eCapital 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., announces the recent funding of a $12MM asset-based lending facility tailored to support a US-based manufacturing company experiencing financial stress.
-
Austin Financial Services Provides $15MM ABL Facility to a Poultry Processor & Distributor
January 16, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $15MM ABL facility, comprised of an AR and Inventory revolver to a Custom Poultry Processor & Distributor. The Company was seeking a lending partner who could provide greater flexibility than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.
-
BizCap Further Strengthens Financial Expertise, Welcomes Jeffrey K. Scott as Managing Director
January 16, 2024BizCap®, a commercial finance firm established in 2002, is thrilled to welcome Jeffrey K. Scott as Managing Director, based in Los Angeles. With an illustrious career spanning three decades in banking, finance, and advisory roles at esteemed institutions, Jeff brings unparalleled expertise and strategic vision to the BizCap team.
-
Sallyport Commercial Finance Provides $500,000 in Financing for StartUp to Accelerate Growth
January 16, 2024Sallyport Commercial Finance is delighted to announce the first funding for 2024 - $500,000 in financing for a chemicals importer experiencing a common challenge for newer businesses. With no payment terms from their suppliers and extended payment terms from their customers, the client had a bottleneck in working capital preventing them fulfilling orders.
-
Culain Capital Funding Closes $250,000 for Ohio-Based Artisan Food Company
January 16, 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 an Ohio-based food company, which recently received a $250,000 purchase order financing and accounts receivable factoring facility through Culain.
-
Momnt and Saluda Grade Joint Venture Closes $200 Million Warehouse Facility from Macquarie Group
January 16, 2024Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate sector, have closed an asset-backed revolving warehouse facility of up to $200 million from Macquarie Group (“Macquarie”).
-
Alvarez & Marsal Announces 2024 Managing Director Promotions
January 16, 2024Leading global professional services firm Alvarez & Marsal (A&M) has announced the promotion of 69 professionals, across Europe and Middle East, India, Latin America, North America, North Asia and Southeast Asia & Australia to the position of Managing Director.
-
Ares set to Close Largest Ever Direct Lending Fund
January 16, 2024Ares Management is set to close the largest ever direct lending fund, which will be valued at more than €20bn (£17.2bn). The investment firm is looking to raise at least €15bn from investors, according to sources cited by Bloomberg, with additional leverage of around €5bn.
-
NXT Capital Closes Senior Credit Facility in Support of Sentinel Capital Partners’ Recapitalization of Online Labels Group
January 16, 2024NXT Capital announced today that it has provided a senior credit facility to support Sentinel Capital Partners’ recapitalization of Online Labels Group. NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.
-
BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform
January 16, 2024BlackRock, Inc. (NYSE: BLK) and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.
-
SG Credit Partners Announces A Senior Debt Investment in 4th & Heart
January 16, 2024CHICAGO (January 11, 2024) ––SG Credit Partners, through its Consumer Products division, is excited to partner with 4th & Heart, an emerging premium food brand. The brand is focused on disrupting the $5.6 billion butter category through its ghee products including sticks, jars and sprays. Their products can be found nationwide in major retailers like Whole Foods and Kroger as well as specialty stores like Citarella and Erewhon.
-
Castlelake and Vervent Reach Agreement for up to $180 Million of Financing for Consumer Credit Card Programs
January 11, 2024Castlelake, L.P., a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, today announced the entry into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to $180 million to Vervent and its affiliates.
-
DecisionRx Announces $100 Million Credit Facility with Carlyle
January 11, 2024DecisionRx, Inc., a value-based healthcare company reducing the cost of care by helping physicians eliminate medication failure, today announced that it has entered into a $100 million credit facility with global investment firm Carlyle.
-
KeyBank Names Erica Choi Senior Vice President, Commercial Team Leader for the Capital Region
January 11, 2024KeyBank has named Erica Choi Senior Vice President, Commercial Team Leader for the Capital Region. Choi joined KeyBank in 2020 and most recently served as Senior Commercial Relationship Manager. She has 20 plus years of leadership, business and banking experiences across both the public and private sector.
-
MidOcean Partners and Kroger Establish Strategic Collaboration to Bring More Emerging Brands to Customers Across America
January 11, 2024The Kroger Co. (NYSE: KR), its consumer product investment platform PearlRock Partners (“PearlRock”), and MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced the formation of MPearlRock, a strategic collaboration to introduce emerging consumer packaged goods (“CPG”) brands to new customers.
-
eCapital Provides $16MM Asset-based Loan to Apparel Company
January 11, 2024eCapital 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., announces the recent funding of a $16MM asset-based loan for a menswear brand apparel company.
-
Human Rights Campaign Foundation Recognizes CohnReznick’s Commitment to Workplace Equality
January 11, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, earned a top score of 100 (out of 100) on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI).
-
White Oak Commercial Finance Provides $25 Million Senior Facility to Winter Apparel Company
January 11, 2024White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, (“White Oak”) has closed a $25 million Senior Secured Facility (“Facility”) to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and accessories.
-
White Oak Commercial Finance Provides $10M Senior Factoring Facility to Leading Worker Management Software Company
January 11, 2024White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced that it has provided a $10M senior factoring facility to a leading worker management software company. The facility will be used for working capital to help the company expand on the heels of its own successful equity raise.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue