- B. Riley Serves as Exclusive Financial Advisor to Kimball Electronics on the Divestiture of its Automation, Test, and Measurement Business
- Gordon Brothers Launches Real Estate Services Practice in EMEA
- Midwestern Technology Company Strengthens Their Business with a $3,500,000 Facility from Prestige Capital
- Cornerstone Business Credit Announces Funding $25,000 Line of Credit
- CohnReznick Earns Three Global M&A Network Awards
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Republic Launches Internal Field Examination Group, Hiring Tuyet-Van Nguyen as SVP, Head of Field Examination & Governance
As part of its 2024 growth strategy, Republic Business Credit is pleased to announce the addition of Tuyet-Van T. Nguyen to its New Orleans team. Nguyen assumes the role of Senior Vice President, Head of Field Examination & Governance, and will lead all third-party and internal field examination activities across the commercial finance portfolio.
TSL Express Trending Story
Featured
Who’s on First? The Rise of the First-Out ABL Product
"Who's on First?" is a comedy routine made famous by American comedy duo Abbott and Costello. The premise of the sketch is Abbot comically trying to identify to Costello the names of players on a baseball team that simultaneously leads to misunderstanding and frustration between the two. Today, there are now enough ABL products to fill an infield with the latest one, First-Out ABL, being on first. The First-Out product is simply an asset-based loan within a term loan originated by a traditional cash flow lender.
TSL Express Daily Headlines & News
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Greenberg Traurig Expands Corporate Practice with Two Leading Investment Firm General Counsel in New York
July 15, 2024Global law firm Greenberg Traurig, LLP has expanded its Corporate, Investment Management, and Financial Regulatory & Compliance practices with the addition of two in-house counsels from major investment firms. Shareholder Patrick J. Kassen joins from Blackstone, where he most recently served as general counsel of their portfolio company Link Logistics and previously served as managing director and chief compliance officer of Blackstone Real Estate.
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Provident Strengthens Healthcare Lending Team with the Addition of Vik Venkataraman as Senior Relationship Manager
July 15, 2024Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Vik Venkataraman has joined the organization as a Senior Relationship Manager to lead Provident’s expansion in the middle-market healthcare services space.
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Single Point Capital Announces the Promotion of Jonathan Leopold to President
July 15, 2024Single Point Capital, a Houston-based provider of factoring and transportation solutions, proudly announces the promotion of Jonathan Leopold to President. This honor recognizes Jonathan’s exceptional dedication and hard work over the years.
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U.S. Middle Market Performance Remains Consistent
July 11, 2024Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.
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Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
July 11, 2024Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (“CIBC”), as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof (the “CIBC Credit Facility”).
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Seaweed Bath Co. Acquires Andalou Naturals and Mineral Fusion with Leveraged Facility from Assembled Brands Capital
July 11, 2024Seaweed Bath Co., a pioneering brand in ocean-inspired personal care products, has announced the strategic acquisition of Andalou Naturals and Mineral Fusion, prominent names in natural skincare and cosmetics. These renowned brands, known for their innovative approaches in fruit stem cell science and natural cosmetics respectively, are widely available across major retailers nationwide, including Whole Foods Market, Amazon, and Sprouts Farmers Market.
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eCapital Drives Turnaround with $3MM Factoring Facility for Canadian Mining Services Consortium Amidst Receivership
July 11, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider for middle-market businesses in North America and the U.K., has successfully facilitated a $3 million confidential factoring line of credit for a consortium of companies providing critical services to the mining sector across Canada. This strategic financing initiative highlights eCapital’s expertise in supporting businesses in turnaround and recovery.
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Sunwest Bank Adds Robert Faver as the Managing Director of Commercial Banking
July 11, 2024Sunwest Bank is delighted to welcome Robert Faver as their new Executive Vice President, Managing Director of Commercial Banking. In this pivotal role, Faver will steer the commercial lending and sales platform of the Bank across multiple states and divisions.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Encore Consumer Capital in its Acquisition of Chalet Desserts
July 11, 2024O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it provided senior secured credit facilities to support Encore Consumer Capital ("Encore") in its acquisition of Chalet Desserts ("Chalet").
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Truist Securities Arranges $250MM Revolving Credit Facility for REPAY
July 11, 2024Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of integrated payment processing solutions, today announced the closing of an undrawn $250 million senior secured revolving credit facility. The revolving credit facility renews and expands the Company’s prior undrawn $185 million senior secured revolving credit facility.
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Aequum Capital Provides $6.25MM in Credit Facilities to Prominent Producer of Craft Maple Products
July 11, 2024Aequum Capital is pleased to announce it recently provided $6.25 million in aggregate credit facilities to a producer of high-quality maple syrup products specializing in blending, bottling, and packaging for the hospitality and foodservice industries.
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IDB Bank Provides Financing to Franklin Capital
July 11, 2024IDB Bank (“IDB”), a New York-based private and commercial bank, has provided a working capital facility to Franklin Capital to benefit the firm’s operating cash flow amid strategic expansion. Serving as the Sole Lender, the deal signals the Bank’s continued lending activity through its national Asset-Based Lending and Factoring division, empowered by its specialty financing capabilities within the lower-middle market.
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503 Capital Partners to Acquire Private Credit Platform of Tortoise Capital
July 11, 2024Tortoise Capital and 503 Capital Partners, LLC (503 Capital) today announced they have entered into a definitive agreement for 503 Capital to acquire Tortoise's private credit platform. 503 Capital is a newly formed entity comprising the investment and management team of Tortoise's private credit division. Terms of the transaction were not disclosed.
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Peter Williams to Join Cahill’s New York Office as Partner and Co-Head of Private Credit Practice
July 11, 2024Cahill Gordon & Reindel LLP announced today that Peter Williams will join the firm on July 15 as a partner in New York, where he will serve as Co-Head of our Private Credit practice.
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Paladin Management Brings in New Partner Amy Kirschner to Strengthen Expertise in Leveraged and Corporate Financing
July 11, 2024Paladin Management, the middle-market advisory firm driving value creation through financial and operational consulting services, has further strengthened its partnership roster with new hire Amy Kirschner. Amy Kirschner, a senior corporate and investment banking professional, joins the Paladin team.
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Kennedy Lewis Investment Management and CalSTRS Announce Strategic Partnership in Non-Sponsored Senior Lending
July 11, 2024Kennedy Lewis Investment Management LLC ("Kennedy Lewis"), a leading alternative credit firm, and the California State Teachers' Retirement System (“CalSTRS”), have announced a strategic partnership focused on senior corporate lending for non-sponsored borrowers.
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BB Energy Group Holding Ltd. Successfully Closed its New Syndicated 1 Year Revolving Credit Facility at USD 400 Million
July 11, 2024BB Energy Group Holding Ltd. – known as BB Energy – a leading and globally integrated commodities group, is pleased to announce the successful signing of its new USD 400 million 1 Year Revolving Credit Facility (RCF).
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Eiffel Investment Group, Backed by the European Investment Fund and the InvestEU Program, Launches Eiffel Impact Direct Lending
July 11, 2024The first of its kind in Europe, Eiffel Impact Direct Lending is a unitranche private debt fund that systematically incorporates Impact Covenants® dedicated to SMEs.
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Dundee Corporation Obtains Additional C$5 Million Under Amended and Restated Term Loan Facility
July 10, 2024Dundee Corporation (TSX: DC.A, DC.PR.B and DC.PR.D) (“Dundee” or the “Corporation”) announced today that it has entered into an amended and restated loan agreement dated July 9, 2024 (the “Amended and Restated Loan Agreement”) among the Corporation, as borrower, Dundee Resources Limited, as guarantor, and Earlston Investments Corp. (“Earlston”), as lender, pursuant to which Earlston has agreed to advance an additional C$5,000,000 to Dundee (the “Second Advance”).
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Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
July 10, 2024Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (“CIBC”), as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof (the “CIBC Credit Facility”).
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