TSL Express Daily Articles & News
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Heritage Global Announces New Upsized $17 Million Credit Facility with C3bank
Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced an upsized $17 million credit facility with C3bank which includes the renewal of its existing $10 million line of credit as well as a new $7 million term loan.
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Factoring 101
Factoring is an age-old form of financing providing companies with much-needed cash.
It takes money to make money, as any business owner knows. But many small businesses also know what it’s like to be turned down by a bank for a loan or line of credit, not get as much as they need, or simply not get the cash quickly enough to take advantage of an opportunity.
TSL Express Daily Headlines & News
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Frederick O. Terrell to join the Corporate & Investment Bank as Vice Chairman of Investment Banking
December 18, 2023Wells Fargo & Company (NYSE: WFC) today announced that Frederick O. Terrell will join the Corporate & Investment Bank (CIB) as vice chairman of Investment Banking on January 2, 2024.
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KKR Acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans
December 18, 2023KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”).
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First Citizens Bank Equipment Finance Names Joy Shanks Head of Business Development
December 18, 2023First Citizens Bank today announced that its Equipment Finance business has named Joy Shanks as senior vice president and head of business development dedicated to supporting and growing equipment finance vendor acquisition business.
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SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital
December 14, 2023SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. Citi provides the senior capital while Fasanara provides junior capital in the transaction.
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The GEO Group Amends Senior Revolving Credit Facility
December 14, 2023The GEO Group (NYSE: GEO) (“GEO” or the “Company”) announced today the closing of a Refinancing Revolving Credit Commitments Amendment ("Amendment") to its Credit Agreement dated as of August 19, 2022, providing for the refinancing of all of GEO's outstanding revolving credit facility commitments. The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027.
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iSun Inc. Secures $8.0 million Term Loan
December 14, 2023iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced the closing of an $8.0 million senior secured loan with Decathlon Capital Partners, the country’s largest revenue-based funding investor, to refinance in full the prior senior secured convertible facility which had become overly dilutive.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces that Jeffrey Schaefer has Joined the Company
December 14, 2023SLR Equipment Finance is pleased to announce Jeffrey Schaefer has joined our company as Associate Vice President, Direct Sales. In his role, Jeffrey will help grow SLR Equipment Finance’s leasing and lending activities in Texas, Louisiana, New Mexico, Colorado, Oklahoma, Arkansas, Kansas, Missouri, Illinois, Iowa, Nebraska, South Dakota, North Dakota, Minnesota & Wisconsin. Jeffrey began his career with North America Commercial Financing.
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Hidden River Partners with Diamond Blade Warehouse in its Latest Investment
December 14, 2023Hidden River announced its most recent platform investment in Diamond Blade Warehouse (“DBW”), a leading distributor of diamond cutting tool products used for a variety of applications.
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Mitsubishi HC Capital America Provides Channel and A/R Financing to Technology Value-Added Reseller
December 14, 2023Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that it has partnered with 954 Consultants LLC to provide a comprehensive supply chain financing solution to support their rapid expansion in the commercial and government sectors.
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SunOpta Announces New Credit Agreement
December 14, 2023Bank of America, N.A. is administrative agent, JPMorgan Chase Bank, N.A. acted as syndication agent, and BOFA Securities, Inc. and JPMorgan Chase Bank, N.A. acted as joint lead arrangers and joint bookrunners.
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Leading Bankruptcy Lawyer Edward M. Fox Joins Emmet, Marvin & Martin, LLP
December 14, 2023Emmet, Marvin & Martin, LLP announced today that Edward M. Fox has joined the firm as a partner in the Creditors' Rights, Workouts, Restructuring and Bankruptcy Group. A nationally recognized bankruptcy lawyer, Mr. Fox brings 38 years of experience representing clients in some of the largest bankruptcy cases in the country.
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Motorcar Parts of America Extends Credit Facility Maturity With PNC Bank
December 14, 2023-Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolver credit facility led by PNC Bank, N.A. to December 2028, with enhancements that provide working capital flexibility, liquidity, and other favorable terms -- including opportunities to benefit from reduced interest rates.
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Houlihan Lokey Adds Veteran Banker to Industrials Group
December 14, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rob Kordas has joined the firm as a Managing Director in its Industrials Group. Mr. Kordas is based in Chicago and will lead coverage of the energy field services and equipment sector.
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Finance Partner Benoit Lavigne Re-joins Ropes & Gray in London
December 13, 2023Benoit Lavigne, a former finance partner at Ropes & Gray, will be re-joining the firm in early January as a partner in its market-leading finance practice, in London. Benoit advises private credit providers and other lenders, as well as borrowers, on a broad range of complex finance matters including acquisition finance, general corporate lending, asset-based lending, restructuring, and workouts.
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Quicklogic (QUIK) Announces the Amendment and Extension of Credit Facility
December 13, 2023QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced that, effective December 8, 2023, it entered into a seventh amendment (the "Seventh Amendment") to its amended and restated credit facility, dated as of December 21, 2018 (as amended, the "Credit Agreement") to increase the line of credit and extend the maturity date.
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SLR Digital Finance Closes $5 Million Credit Facility for Engine Vision Media
December 13, 2023SLR Digital Finance closes $5 million credit facility for Engine Vision Media, owners of Los Angeles magazine, Orange Coast magazine, Pasadena magazine, and Los Angeles Magazine Studios. The facility will support the company’s working capital needs and to fuel growth as they expand their publication footprint nationwide along with their increased efforts in digital, podcasts and long-form content.
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J D Factors Provides $7.9 Million in New Factoring Facilities to 35 New Clients
December 13, 2023J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: a $300,000 factoring facility for a staffing company in Tennessee and a $250,000 factoring facility for a transportation company in Washington.
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J D Factors Provides $7.9 Million in New Factoring Facilities to 35 New Clients
December 13, 2023J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: a $300,000 factoring facility for a staffing company in Tennessee and a $250,000 factoring facility for a transportation company in Washington.
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J D Factors Provides $7.9 Million in New Factoring Facilities to 35 New Clients
December 13, 2023J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $500,000 factoring facility for a transportation company in Ohio. A $300,000 factoring facility for a staffing company in Tennessee.
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J D Factors Provides $7.9 Million in New Factoring Facilities to 35 New Clients
December 13, 2023J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $750,000 factoring facility for a transportation company in Illinois and a $500,000 factoring facility for a transportation company in Ohio.
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