- J.S. Held Adds Proprietary Asset Tracing Expertise to Strengthen Family Law Practice
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Hedgeweek Names CohnReznick 2024 Best Audit Firm: Overall
- Saltire Capital Ltd. Announces Closing of Credit Facility
TSL Express Daily Articles & News
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Vice Media Files for Bankruptcy
Vice will enter into a purchasing agreement with a number of its vendors to try and stay afloat, according to a filing in New York federal court. The group, led by Fortress Investment Group, Soros Fund Management, and Monroe Capital, will purchase Vice's assets for $225 million and take on liabilities as high as $1 billion, the filing said.
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Too Little. Too Late. Too Much. Inventory Management Amid Ongoing Supply Chain Disruption
As recent years have demonstrated, a variety of events, from a once-in-a-lifetime worldwide health crisis like a pandemic to a regional conflict like the Russian invasion of Ukraine to long-planned political changes such as Brexit, can easily interrupt global supply chains. These recent events resulted in three phases of supply chain disruptions.
TSL Express Daily Headlines & News
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Associated Bank Welcomes Phillip Trier as Executive Vice President, Commercial Banking Group Leader
November 17, 2023Associated Bank today announced the appointment of Phillip Trier as the company's executive vice president, commercial banking group leader. In his new role, Trier will focus on accelerating core Commercial Middle Market business development across the company's major metropolitan markets.
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USD Partners Announces Third Waiver Extension Agreement Under Credit Agreement
November 17, 2023USD Partners LP (OTC: USDP) (the “Partnership”) announced today that it has entered into an agreement (the “Third Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced Second Waiver Extension Agreement, dated as of November 1, 2023, from its expiration date of November 17, 2023 to November 21, 2023.
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Wheels Up Finalizes New Investment with Kore Capital and Whitebox Advisors
November 17, 2023Wheels Up Experience (NYSE: UP) today announced that it has closed a new investment by Kore Capital and funds managed by Whitebox Advisors LLC on November 15, 2023.
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Comvest Credit Partners Provides Financing to Support the Take-Private of Pollo Tropical
November 17, 2023Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $115 million senior secured credit facility (the “Financing”) for Pollo Tropical (the “Company”), a Miami-based fast-casual restaurant chain.
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Hidden River Strategic Capital Announces Investment in Realty Landscaping and Expansion of The Hidden River Team
November 17, 2023Hidden River Strategic Capital (“Hidden River”) is proud to announce its latest investment in Realty Landscaping (“Realty” or the “Company”), as well as the addition of two new members to the Hidden River team.
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Monroe Capital Supports Lincoln Road’s Acquisition of Silversand Services and SLI Landscape
November 17, 2023Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Silversand Services (“Silversand”) and SLI Landscape (“SLI”) by private equity sponsor Lincoln Road. Silversand and SLI will be combined with Lincoln Road’s existing portfolio company, Zodega Landscaping (collectively, “Silversand Services” or the “Company”).
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Katten Boosts New York Insolvency and Restructuring Team with Addition of Lucy Kweskin
November 17, 2023Katten announced today that Lucy F. Kweskin has joined the firm as a partner in the Insolvency and Restructuring practice in New York. Kweskin represents lenders and stakeholders across the corporate capital structure, including debtors, acquirers of distressed assets, official committees of unsecured creditors, landlords and secured creditors and other parties of interest in complex insolvency and reorganization engagements.
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Equipment Finance Industry Confidence Steady in November
November 17, 2023The Equipment Leasing & Finance Foundation (the Foundation) releases the November 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
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Valley Bank Closes $130 Million Asset-Based Revolving Credit for Access Capital
November 16, 2023Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the closing of a $130 million senior revolving credit facility to Access Capital, Inc. a commercial lender to the staffing industry. The three year facility includes a $30 million accordion feature to upsize as the Company grows.
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Spielman Koenigsberg & Parker Combines with EisnerAmper
November 16, 2023Global business advisory firm EisnerAmper announces that the partners and colleagues of NYC-based accounting, tax, and consulting firm Spielman Koenigsberg & Parker ("SKP") are joining EisnerAmper in a transaction expected to close in early 2024.
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Wintrust Receivables Finance Announces the Closing of a New $7.5 Million Line of Credit for a Fast-Growing Drayage Broker
November 16, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $7.5 million account receivable line of credit for a Midwest-based transportation broker that specializes in drayage.
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Gibraltar Provides $27.5MM Credit Facility to Home Organizational Products Supplier
November 16, 2023Gibraltar Business Capital (“Gibraltar”) is proud to announce the closing of a $27.5MM senior secured revolving credit facility with Whitmor, Inc. (“Whitmor”), a successful fourth-generation family-owned-and-operated business founded in 1946.
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An Affiliate of Centre Lane Partners Acquires the Appliances division of Instant Brands, Maker of Kitchen Appliances Consumer Favorites Including Instant Pot®
November 16, 2023Centre Lane Partners, LLC ("Centre Lane") is pleased to announce that on November 8, 2023 an entity affiliated with Centre Lane has completed the acquisition of the Appliances Division of Instant Brands ("Instant Brands Appliances" or the "Company"), which had filed for Chapter 11 bankruptcy protection on June 12, 2023.
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FPG Appoints Garold Miller as Chief Innovation Officer
November 16, 2023Financial Partners Group (FPG), an independent equipment finance company, today announced the addition of Garold Miller as Chief Innovation Officer. Miller is a serial entrepreneur with an extensive background in innovation, design and manufacturing. He holds several hundred patents and trademarks, exemplifying his commitment to innovation and creativity.
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PureSky Energy Secures $150 Million Revolving Credit Facility
November 16, 2023PureSky Energy, a leading developer, owner, and operator of US community solar and battery storage projects, announces the successful close of a 3-year $150 million revolving credit facility led by Nomura Securities International, Inc. (“Nomura”) as the Sole Lead Arranger.
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Castleton Commodities International LLC Closes Credit Facilities Totaling $2.075 Billion
November 16, 2023MUFG Bank Ltd.; Société Générale; Citibank N.A.; Coöperatieve Rabobank U.A., New York branch; Credit Agricole Corporate and Investment Bank; ING Capital LLC; Natixis, New York branch; and Wells Fargo Bank N.A served as joint lead arrangers for the secured facility. In addition, eight other banks participated at various commitment levels. MUFG Bank Ltd. served as global coordinator and administrative agent for both facilities.
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Nabors Announces Offering of $550 Million Senior Priority Guaranteed Notes
November 16, 2023Nabors Industries Ltd. (NYSE: NBR) ("Nabors") announced today that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has commenced an offering of $550 million senior priority guaranteed notes due 2030 (the "Notes").
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US Capital Global Drives Growth in Healthcare and Technology Financing with Appointment of Industry Veteran Colleen Gray
November 16, 2023US Capital Global is pleased to announce that Colleen Gray has joined the group as Senior Vice President at the group’s headquarters in San Francisco, CA. Ms. Gray has over 25 years of operations and financial management experience with emerging, high-growth companies in the healthcare and technology industries.
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Herrick Nabs Restructuring Veteran Robert D. Gordon
November 16, 2023Herrick, Feinstein LLP today announced that Robert D. Gordon, a seasoned restructuring lawyer, has joined the firm’s thriving Restructuring & Finance Litigation Department. He comes to Herrick from Jenner & Block.
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Alleon Healthcare Capital Provides an $8,000,000 Accounts Receivable Financing Facility to a Virginia Based Healthcare Innovation Services Firm
November 16, 2023Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed an $8,000,000 accounts receivable financing facility with a Virginia based professional services firm providing enterprise consulting, IT modernization, and healthcare innovation services.
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The Secured Lender
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