- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
- First Foundation Inc. Announces Retirement of CEO Scott F. Kavanaugh and Appointment of Thomas C. Shafer as Successor
- Gordon Brothers Offering for Sale by Private Treaty Workboat A.M.S. Swissco and Barge A.M.S. 1806
- First Citizens Bank Leads $125 Million Financing for New Day Healthcare
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Gordon Brothers Appoints Peter B. York as Senior Advisor to the Executive Team
Gordon Brothers, the global advisory and investment firm, has appointed Peter B. York as Senior Advisor to support the executive team with the firm’s growth and expansion plans.
York will leverage his experience in asset-based lending (ABL), capital markets and secured lending to provide advice and counsel to the business, assist with evaluating capital deployment for Gordon Brothers’ global lending practice, and give strategic and tactical advice on the structuring of loan products.
York will leverage his experience in asset-based lending (ABL), capital markets and secured lending to provide advice and counsel to the business, assist with evaluating capital deployment for Gordon Brothers’ global lending practice, and give strategic and tactical advice on the structuring of loan products.
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An Interview with Matthew Bjonerud, Founder and CEO, Cerebro Capital
In this installment of our series of executive interviews, Charlie Perer sits with Matthew Bjonerud of Cerebro Capital to hear his perspective on the state of the debt capital markets, building a new distribution channel, the future of lending and technology, among other things.
TSL Express Daily Headlines & News
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Webster Signs Definitive Agreement to Acquire Ametros
December 18, 2023Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
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Rosenthal Closes 20+ Transactions Totaling Nearly $600MM in Volume in Second Half 2023
December 18, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit LLC, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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BizCap Facilitates Aechelon Technology’s Multimillion-Dollar Line of Credit
December 18, 2023BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Aechelon Technology, Inc., a leader in immersive visualization technology. For over 25 years, Aechelon has provided real-time computer graphics systems for flight training, simulation, and entertainment markets.
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SFNet Member Spotlight: ABLSoft
December 18, 2023ABLSoft is a premier Cloud provider of asset-based lending and factoring software. Our objective is to assist lenders in enhancing profitability through smart automation and adaptable solutions. Trusted by a multitude of financial institutions, ABLSoft's well-established platform delivers secure and resilient enterprise capabilities, empowering your business to both thrive and bring satisfaction to your customers.
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iSun Closes Secured Loan with Decathlon Capital Partners
December 18, 2023iSun has closed on an $8 million senior secured loan with Decathlon Capital Partners to fully refinance the prior senior secured convertible facility which had become dilutive.
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Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits
December 18, 2023Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.
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FTI Consulting Expands Corporate Finance & Restructuring Offering in Japan
December 18, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Go Matsumoto as a Senior Managing Director within the Corporate Finance & Restructuring segment in Tokyo. In addition, Eiji Michihiro joined the segment in Tokyo as a Senior Advisor.
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KBRA DLD Forecasts 2.75% Direct Lending Default Rate in 2024 for Private Equity-Backed Companies; Report Notes YTD Sponsored Rate Rises to 2.1% From 1.9%
December 18, 2023Momentum continued through November and pushed volume in the KBRA DLD Private Data set to $22 billion, making it the third consecutive month of volume greater than $20 billion. At $127.1 billion through November, YTD volume still falls short of the $131.8 billion in the same period last year. Managers need to put another $17.7 billion on the board this month in order to match last year’s $144.8 billion full-year figure.
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Eiffel Investment Group Supports Electra and its Growth With €27m Bridge Financing
December 18, 2023Eiffel Investment Group, asset manager with €5.5 billion assets under management, teams up with Electra, European specialist in electric vehicles fast-charging, to accelerate the construction of charging stations in France. The deal aims to support the development of more than 100 high-power (>150 kW) charging stations, i.e. over 600 additional charging points in France, for a total amount of 27 million euros.
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AITX Expands Fleet Offering as Acquisition of SMBC Rail Services Closes
December 18, 2023Deutsche Bank Securities Inc. served as lead financial advisor, Citi served as senior financial advisor, JP Morgan, Goldman Sachs and RBC Capital Markets LLC also provided advisory services to ITE Management. The acquisition financing is led by Bank of America as administrative agent and supported by a group of arrangers and lenders including Bank of America, Deutsche Bank, Goldman Sachs, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, and Citi. Willkie Farr & Gallagher LLP and Vedder Price LLP served as legal advisors to ITE Management.
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Mountain Ridge Capital Provides $15 Million Credit Facility to Consumer Beverage Company
December 18, 2023Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $15 million senior secured credit facility for a category-leading international consumer beverage company.
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ARM Energy and Rabobank Successfully Upsize Credit Facility to $160 Million
December 18, 2023ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
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FrontWell Capital Partners Provides USD$6 Million Senior Secured Credit Facility to Armored Republic Holdings LLC
December 18, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$6 million secured credit facility with Armored Republic Holdings LLC. (“Armored Republic”), a manufacturer of ballistic armor and body armor solutions.
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Bluebird Network Secures $285M in Senior Secured Credit Facilities
December 18, 2023Bluebird Network, a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.
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Hughes Pittman & Gupton Combines with EisnerAmper
December 18, 2023Global business advisory firm EisnerAmper announces that the partners and colleagues of accounting, tax, and business consulting firm Hughes Pittman & Gupton, LLP ("HPG"), are joining EisnerAmper in a transaction expected to close in the spring of 2024. In a separate transaction, HPG's wealth management practice, HPG Wealthcare Advisors, will transition to Prosperity, an EisnerAmper Company, later in 2024.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue