- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Blue Bear Capital Closes Third Fund, Adding $200 Million to Platform for Machine Intelligence Investments into Energy, Infrastructure, and Climate Industries
- Market Sizing & Impact Study
- First Foundation Inc. Announces Retirement of CEO Scott F. Kavanaugh and Appointment of Thomas C. Shafer as Successor
- Generate Capital Secures $1.2 Billion Corporate Credit Facilities to Drive Sustainable Infrastructure Growth
TSL Express Daily Articles & News
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Daktronics, Inc. Strengthens Financial Position by Securing $100 Million In Capital Commitments
Closes $75 Million Senior Secured Credit Facility with JPMorgan Chase and $25 Million Convertible Note Investment with Major Shareholder Alta Fox Capital
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The Secured Finance Foundation, in conjunction with SFNet’s Diversity, Equity and Inclusion Committee, developed and launched a Mentoring Program that provides the next generation access to the knowledge and expertise of the most talented and respected executives in the secured finance industry. The mentoring initiative was created to serve the secured finance community by bridging the gap between established veterans and those new to their careers. By focusing on inclusivity, SFNet hopes to offer a missing component in its members’ professional trajectories.
TSL Express Daily Headlines & News
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Amergin Asset Management Announces Entry Into $450 Million Credit Facility
November 14, 2023Amergin Asset Management ("AAM") today announced that Amergin Rail, a portfolio company of certain funds managed by AAM, has closed on a $450 million credit facility that includes a revolving tranche to fund future railcar and portfolio acquisitions.
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Briar Capital Real Estate Fund Teams Up with Pathward to Provide a $23.9MM Combination ABL and Real Estate Loan Facility to a Precast Concrete Company
November 14, 2023Briar Capital Real Estate Fund (www.BriarCapital.com) and Pathward®, N.A. (www.Pathward.com) are pleased to announce they each simultaneously closed new loan facilities totaling $23.9MM to a precast concrete company with manufacturing facilities in Houston and San Antonio, Texas.
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Mountain Ridge Capital Provides $15 Million Credit Facility to ICU Eyewear Holdings, Inc.
November 14, 2023Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $15 million senior secured credit facility to ICU Eyewear, Inc (wholly owned subsidiary of 1847 Holdings, LLC). ICU is a west coast-based designer and marketer of eyewear and eyewear accessories.
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Pantheon Launches Evergreen Private Equity Fund for Global Investors on Growing Private Wealth Platform
November 14, 2023Pantheon, a leading global private markets investor, is pleased to announce the upcoming launch of the Pantheon Global Private Equity Fund (PGPE), the latest addition to the firm’s growing global private wealth platform. PGPE is an open-ended, evergreen fund that seeks to provide private and institutional investors with unique exposure to a diversified private equity portfolio through a single investment.
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Neupath Health Announces Successful Closing of Updated Credit Facility
November 14, 2023NeuPath Health Inc. (TSXV:NPTH), (“NeuPath” or the “Company”), owner and operator of a network of clinics delivering category-leading chronic pain treatment, today announced completion and closing of a new credit facility (“Credit Facility”) with its existing lender Royal Bank of Canada (“RBC”).
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Thunderbird Entertainment Announces Amended and Restated Cooperation Agreement with Voss Capital
November 14, 2023Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC – THBRF) (“Thunderbird” or the “Company”) announced today that it has entered into an amended and restated cooperation agreement (the “A&R Cooperation Agreement”) with Voss Capital LLC and certain of its affiliates (collectively, “Voss”), which together own approximately 13.1% of the outstanding common shares of Thunderbird.
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VIQ Solutions Announces Amendment to Credit Agreement, Draw on Previously Announced US$15 Million Credit Facility, and Repricing of Warrants
November 14, 2023(“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that the Company has entered into an amendment agreement (the “Amending Agreement”) with Beedie Investments Ltd. (the “Lender”) in order to amend certain terms of the credit agreement dated January 13, 2023 between the Company and the Lender (the “Credit Agreement”).
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Acumen Pharmaceuticals Secures $50.0 Million Credit Facility with K2 HealthVentures
November 14, 2023Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) (“Acumen” or the “Company”), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers (“AβOs”) for the treatment of Alzheimer’s disease (“AD”), today announced that it has entered into a senior secured loan and security agreement (the “Loan Agreement”) with K2 HealthVentures, a healthcare-focused specialty finance company.
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City National Bank Announces New CEO
November 14, 2023City National today announced the appointment of Howard Hammond as CEO. Kelly Coffey has been named CEO, City National Entertainment. Both appointments are effective Nov. 27.
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Breakout Unveils New and Revitalized Brand Identity
November 13, 2023Breakout announced today that the Company has unveiled a new brand identity, reflecting its redefined strategy focused on delivering a comprehensive suite of specialized lending products to address the unique challenges of its small business clients throughout the United States.
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SFNet Member Spotlight: Bay View Funding
November 10, 2023Since 1985, Bay View Funding has been providing reliable and quality accounts receivable financing services to businesses across America. We are committed to understanding and servicing our clients' accounts receivable financing needs quickly, professionally, and with the least amount of hassle.
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Crown Crest Leasing Business Undergoes Financial Restructuring to Improve Financial Position amidst a Significant Rising Interest Rate Environment
November 10, 2023- Proceedings were commenced today in respect of Crown Crest Capital Management Corp. and certain of its affiliates (the "Company") under the Companies' Creditors Arrangement Act (CCAA). This is a court-supervised process that will allow for a financial and operational restructuring of the Company. This process is not a bankruptcy or liquidation of the Company.
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Will JOANN Facing Bankruptcy Be the End for the Retailer?
November 10, 2023In recent years, consumers have had to face the realization that the retail stores they’ve grown to know and count on can disappear overnight. Store closures of this kind have been happening for decades, and now JOANN Inc., the fabric and craft store, might be the next retailer facing extinction.
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Eclipse Business Capital Provides $100MM ABL Credit Facility to Specialty Chemical Manufacturer
November 10, 2023Eclipse Business Capital LLC (“EBC”) announced that it has provided a $100 million senior secured ABL credit facility to a specialty chemical manufacturer.
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Alvarez & Marsal's Disputes and Investigations Practice Augments Experience With Two New Managing Directors
November 10, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced the appointments of Joe Shepley and Michael Sugrue as Managing Directors with its Disputes and Investigations practice. Mr. Shepley’s and Mr. Sugrue’s hiring furthers A&M’s ability to address the market’s growing data privacy and eDiscovery concerns globally.
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Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer
November 10, 2023Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital’s Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024. Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital’s Chief Financial Officer, effective the same date.
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Grupo Aeroportuario del Pacifico Announces the Drawdown of Ps. 1.5 Billion From a Credit Facility
November 10, 2023Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that today made a drawdown of Ps. 1.5 billion from a credit facility with Banco Santander México, S.A., at a 12-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 38 basis points, and principal payment due upon maturity, without fees.
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Kennedy Lewis Investment Management Raises $4.1 Billion for its Third Opportunistic Credit Fund
November 10, 2023Kennedy Lewis Investment Management LLC ("Kennedy Lewis"), a leading alternative credit manager, announced that it has closed on $4.1 billion for Kennedy Lewis Capital Partners Master Fund III LP and its associated parallel and co-investment vehicles (together, "Fund III"). Investors in Fund III include a diverse range of pensions, insurers, sovereign wealth funds, foundations and endowments from the U.S., Europe and the Middle East.
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Matrix Announces the Successful Sale of Coborn’s, Inc.’s Holiday Franchised Fuel and Convenience Stores
November 10, 2023Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Coborn’s, Inc. (“Coborn’s” or the “Company”) on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC.
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Associated Bank Executing Next Phase of Strategic Plan
November 10, 2023Associated Banc-Corp (NYSE: ASB) today announced plans for the next phase of the Company's people-led, digitally enabled strategic plan. These plans include a series of investments in people, products and technology intended to grow and remix the loan portfolio, accelerate core customer deposit growth, and deliver a better banking experience for customers.
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The Secured Lender
SFNet's 80th Annual Convention Issue