- eCapital Delivers $45 Million ABL Solution to Propel Growth for Texas Energy Services Firm
- CohnReznick Expands Philippines Footprint
- Gunvor Secures US $2.265 Billion Sustainability-linked, Multi-currency Revolving Credit Facility
- Hearthside Takes Strategic Action to Position Company for Long-Term Growth
- 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.
Today's Top Story
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Valley Bank Hires Matthew Weidle to Lead Chicago and Midwest Markets
Valley Bank, a regional bank with operations along key East Coast markets and California, is expanding its Chicago office with the hiring of Matthew Weidle as First Senior Vice President and Midwest Regional President.
In this new role, Weidle will focus on expanding Valley’s Commercial Banking presence in the Chicago market and Midwest region. Valley inherited the talented and well-established Commercial Banking team through Valley’s merger with Bank Leumi USA in April 2022.
In this new role, Weidle will focus on expanding Valley’s Commercial Banking presence in the Chicago market and Midwest region. Valley inherited the talented and well-established Commercial Banking team through Valley’s merger with Bank Leumi USA in April 2022.
TSL Express Trending Story
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PNC Business Credit’s DEI Initiatives
After gathering information from various PNC program managers, Eileen Kowalski discusses the DEI initiatives of PNC Bank N.A. and more specifically those of PNC Business Credit.
TSL Express Daily Headlines & News
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OSG Completes Reorganization with Strong Balance Sheet and New Ownership Group
December 6, 2023Output Services Group, Inc., d/b/a EverView ("OSG" or the "Company"), a leading provider of print and digital billing and payment solutions, today announced it has successfully completed its reorganization process, emerged from Chapter 11 and exited its U.K. business. All conditions have been satisfied or otherwise waived pursuant to its Second Amended Joint Prepackaged Plan of Reorganization (the "Plan") as of November 30 (the "Effective Date").
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Trinity Capital Inc. Provides $45 Million Growth Capital to Neurolens
December 6, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $45 million in growth capital to Neurolens, a company commercializing innovative solutions to optimize vision.
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White Oak Originations Veteran Joins White Oak Commercial Finance with Focus on Large Ticket Loan Origination
December 6, 2023White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, announced today that Christopher Gouskos will join the ABL team at White Oak Commercial Finance as a Managing Director, Originations, departing from his previous similar role as Managing Director, Originations at White Oak Global Advisors (“White Oak”), which he has held since 2015.
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Monitor Names Solifi’s Kristie Kosobuski on 2023 Top 50 Women in Equipment Finance List
December 6, 2023Solifi, a global fintech software partner for secured finance, announced that Kristie Kosobuski, Solifi’s Senior Director of Product Management, has been recognized as one of the Top 50 Women in Equipment Finance by Monitor.
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SFNet Member Spotlight: Stikeman Elliott
December 5, 2023Stikeman Elliott is a global leader in Canadian business law, offering creative solutions to clients across Canada and around the world. The firm provides the highest quality counsel, decisive advice, and workable solutions through offices located in Montréal, Toronto, Ottawa, Calgary, Vancouver, New York, London and Sydney.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces that Vince Monteleone has Joined the Company
December 5, 2023SLR Equipment Finance is pleased to announce Vince Monteleone has joined our company as a Senior Vice President, Vendor Sales. In his role, Vince will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers in Texas, Louisiana, New Mexico, Colorado, Oklahoma, Arkansas, Kansas, Missouri, Illinois, Indiana, Michigan, Iowa, Nebraska, South Dakota, North Dakota, Minnesota & Wisconsin.
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Access Capital, Inc., Announces Justin Friebel Joining the Firm as Underwriter
December 5, 2023As Access Capital continues to invest in our team as part of our strategic growth plan, Justin Friebel of Denver, Colorado joins the team as Vice President, Underwriter.
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Tradecycle Capital Delivers a New Accounts Payable Finance Facility For Leading Education Technology Provider
December 5, 2023Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $7,000,000 revolving accounts payable funding facility for a leading education technology provider primarily serving the K-12 sector.
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SG Credit Partners Announces A $6 Million Senior Debt Investment In A Plant-Based Protein Snack Company
December 5, 2023SG Credit Partners, through its SG Consumer Products division, is excited to announce a $6 million senior debt investment in a plant-based snack brand. The partnership will provide additional capital to support their continued retail expansion and product innovation.
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Austin Financial Services Closes $4.5MM ABL Facility to Manufacturer of Prepared Salads and Spreads
December 5, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of an $4.5MM ABL facility, consisting of an AR & Inventory revolver, to a manufacturer of prepared salads and spreads. Proceeds from AFS’ revolver were used to refinance the bank and will provide ongoing working capital to support the Company’s growth forecasts as it expands its product offerings.
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Mitsubishi HC Capital America Highlights 2024 Trends for Equipment Finance Industry
December 5, 2023On the close of a year filled with economic recovery, fluctuation and uncertainty, Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is identifying five trends that are likely to play a significant role in shaping the equipment finance industry in 2024.
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Gordon Brothers Facilitates Soft Surroundings’ Going Concern Sale to Coldwater Creek
December 5, 2023Gordon Brothers, the global asset experts, facilitated Soft Surroundings’ going concern sale to Coldwater Creek through the U.S. women’s clothing and accessories retailer’s filing of Chapter 11 bankruptcy in September.
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Comprehensive Restructuring to Reduce Total Debt by Over $300 Million and Position the Company for Long-Term Growth
December 5, 2023North America's largest glass recycler, Strategic Materials, Inc. (the "Company" or "SMI"), announced a comprehensive restructuring to position the business for long-term growth.
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Crown Partners Arranges Credit Facility for Fundfi
December 5, 2023Crown Partners LP, an investment bank focused exclusively on middle-market asset-based finance, announced that it has arranged a new credit facility for Fundfi Merchant Funding LLC, providing committed capital for the company to fund the growth of its portfolio. Crown Partners served as the exclusive financial advisor to Fundfi.
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Cambridge Savings Bank Provides Financing to Restaurateur Tom Schlesinger-Guidelli to Open New Seafood Restaurant and Market
December 5, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.
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Ted Baker Owner Secures new Funding for Struggling Brand
December 4, 2023Authentic Brands said it had secured a deal with asset-based lender Secure Trust Bank Commercial Finance (STB CF), which had agreed to provide a “long-term secured asset-based facility” to Ted Baker operator AARC.
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Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels
December 4, 2023Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Société Générale, and with Société Générale as Green Loan Coordinator.
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Lycos Energy Inc. Announces Increase to Credit Facility
December 4, 2023Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million.
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Genco Shipping & Trading Limited Closes $500 Million Credit Facility
December 4, 2023Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has closed its previously announced $500 million revolving credit facility.
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A&G Plans to Offer Additional Rite Aid Store Leases in 11 States
December 4, 2023A&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, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
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The Secured Lender
SFNet's 80th Annual Convention Issue