TSL Express Daily Articles & News
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White House Partners with Monroe Capital to Launch New Strategy to Support U.S. Automotive Industry Growth Initiatives and American Autoworkers
Along with the anticipated advisory support of MEMA, The Vehicle Suppliers Association (“MEMA”) and the Alliance for Automotive Innovation, Monroe intends to launch this new strategy (the “Drive Forward Fund LP” or the “Fund”) to help address this key White House initiative.
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Unlock the Future of Supply Chain Finance: Join SFNet’s December Conference for Key Insights and Networking
On December 3, SFNet will host its first Supply Chain Finance Conference, at Greenberg Traurig in New York City. Industry leaders and experts will converge to explore the latest trends and insights in supply chain finance. This full-day event will provide invaluable knowledge and networking opportunities, featuring a diverse range of sessions designed to deepen your understanding of the supply chain finance ecosystem.
TSL Express Daily Headlines & News
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First Citizens Bank Names Chief Marketing Officer
October 17, 2024First Citizens Bank today announced the appointment of Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank.
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Mitsubishi HC Capital America Strengthens Channel Finance Capabilities with Hiring of Paul Slocum
October 17, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce that Paul Slocum has joined the company as Vice President of Sales for the technology finance team.
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Bank Economists: Credit Conditions Expected to Improve for Both Consumers and Small Businesses for First Time Since 2022
October 17, 2024For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today.
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Jon Fox Joins MidOcean Partners as Global Head of Capital Formation
October 17, 2024MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital and alternative credit investments, announced today that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation.
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Assembled Brands Capital Extends Multiple Credit Facility Increases In Q3 2024
October 17, 2024Assembled Brands Capital is pleased to announce multiple credit facility extensions for a range of high-growth consumer product companies within its portfolio. This initiative reinforces the asset-based lender’s commitment to empowering fast-growing businesses in the consumer products ecosystem, enabling them to capitalize on new growth opportunities and drive innovation.
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Monroe Capital Supports the Growth of Izzio Artisan Bakery
October 17, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Izzio Artisan Bakery.
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MONTICELLOAM, LLC Closes $32 Million in Bridge Financing for Multifamily Property in Heber City, Utah
October 17, 2024MONTICELLOAM, LLC (“MonticelloAM”) announced today the closing of a $32,000,000 floating-rate senior bridge loan for a multifamily community in Heber City, Utah, approximately 12 miles south of Park City.
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Jeffrey Tyo Joins Gordon Brothers as Managing Director, Commercial & Industrial
October 17, 2024Jeffrey Tyo has joined Gordon Brothers, the global asset experts, as Managing Director, Commercial & Industrial. In this role, Tyo will expand Gordon Brothers’ presence on the West Coast by developing and strengthening the firm’s relationships with corporate clients, lenders, private equity firms, investment bankers and restructuring advisors focused on the consumer packaged goods industry.
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Wolters Kluwer Achieves Top Ten Ranking in Chartis RiskTech100® 2025
October 16, 2024Wolters Kluwer, a global leader in professional information, software solutions, has achieved a global top ten ranking from Chartis Research in the prestigious Chartis RiskTech 100 2025 report. Ranked tenth overall, Wolters Kluwer also received Category Awards for Liquidity Risk and, for the third consecutive year, Regulatory Intelligence.
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Cambridge Savings Bank Extends New Credit Facility to Accelerate Growth for Fabrizia Spirits
October 16, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a new credit facility to Fabrizia Spirits, a leading citrus spirits manufacturer in the United States.
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Altriarch Closes $40 Million Senior Debt Facility for LeasePoint Funding Group, LLC
October 16, 2024Altriarch Asset Management (“Altriarch”) today announced that it has provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC (“LeasePoint” or the “Company”). The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to medical practices.
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Garnet Capital Advisors Represents Alternative Investment Manager in Disposition of $14 million MCA Portfolio
October 16, 2024Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $14 million MCA portfolio on behalf of a top Alternative Investment Manager.
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B. Riley Securities Serves as Exclusive Financial Advisor to Bit Digital, Inc. on the Acquisition of Enovum Data Centers
October 16, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive financial advisor to Bit Digital, Inc. (NASDAQ: BTBT) in the acquisition of Enovum Data Centers (“Enovum”), an owner, operator and developer of high-performance computing (“HPC”) datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM).
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AlixPartners Welcomes new Partner & Managing Director, Michael Glaschke
October 16, 2024AlixPartners, the global consulting firm, is pleased to announce the appointment of Michael Glaschke as a Partner & Managing Director. Michael brings more than 20 years of experience advising clients in Europe across the chemicals, energy, basic materials, and automotive industries, among others.
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Canal Road Group Closes $250 Million Credit Facility with Wells Fargo for Private Corporate Lending Strategy
October 16, 2024Canal Road has closed a new $250 million credit facility agented by Wells Fargo Bank, N.A. The financing increases the firm's investible capital to be deployed in the private corporate lending market.
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Zinnia Raises $300 Million in Strategic Financing from Vista Credit Partners
October 16, 2024Zinnia, a leading life and annuity (L&A) insurance technology company, today announced $300 million in financing from Vista Credit Partners, a subsidiary of Vista Equity Partners and a strategic credit and financing partner focused on the enterprise software, data, and technology markets.
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Apollo Closes Second Vintage Large Cap Direct Lending Fund with $4.8 Billion of Assets
October 16, 2024Apollo (NYSE: APO) today announced that it has closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets1. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just over 12 months, inclusive of the Fund II close and other product formats providing access to Apollo’s direct lending franchise.
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Abacus Finance Provides Senior Debt Financing to Support Achieve Partners’ Leveraged Buyout of Ascend Partners
October 16, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners.
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CECO Environmental Upsizes Credit Facility to $400 Million
October 15, 2024CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility.
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WOW! Closes on $200 Million New Senior Term Loan
October 15, 2024WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, today announced WideOpenWest Finance, LLC, a subsidiary of WOW!, has closed on a new super-priority credit agreement consisting of a new Senior Term Loan in an aggregate principal amount of $200 million, with a group of existing lenders.
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The Secured Lender
SFNet's 80th Annual Convention Issue