- Peritus Capital Secures Term Loan for Oberland Agriscience to Drive Sustainable Protein Production
- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- First Citizens Bank Leads $125 Million Financing for New Day Healthcare
- TSL Express Industry Deals
- BofA Names Ed Siaje President of Detroit
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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CIT Commercial Services Announces New Appointments
Tom Fingleton, who has served as Northeast regional manager since March 2019, has been named chief strategy officer. Moving into the role as Northeast regional manager is Amna Mahmood, a managing director who has served as Commercial Services’ national underwriting manager since 2019. Succeeding Mahmood in the role of national underwriting manager is Daniel Goll.
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SFNet Announces Winners of Cross-Border Finance Essay Contest
SFNet is pleased to announce the winners of the SFNet Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. The winning essays will appear in upcoming issues of The Secured Lender and in TSL Express. In addition, the authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11.
TSL Express Daily Headlines & News
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Sallyport Commercial Finance Provides $1,000,000 in Financing for Canadian Food Manufacturer
November 6, 2023Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable finance for an ambitious Canadian entrepreneur in the food manufacturing industry. The business was referred to Sallyport through a US competitor who wasn’t able to finance a Canadian organization.
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Moritt Hock & Hamroff Recognized in Best Lawyers® 2024 Best Law Firms® Report
November 6, 2023Moritt Hock & Hamroff announced today that the Firm has been recognized in the 2024 edition of Best Law Firms®, ranked by Best Lawyers®, nationally in one practice area and regionally in four practice areas:
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J D Factors Provides $10.2 Million in New Factoring Facilities
November 6, 2023J D Factors provided $10,2100,000 in new factoring facilities to 28 new clients in the US and Canada during the month of September.
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Gateway Trade Funding Provides a $2,300,000 Purchase Order Facility to a Lifestyle Products Company
November 6, 2023A company selling outdoor and lifestyle products was expanding its business by doing its own inventory. With this business expansion, they needed cash flow assistance. A current Gateway client suggested they reach out to Gateway Trade Funding.
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IronNet Inc. Files Voluntary Chapter 11 Petitions
November 6, 2023IronNet, Inc. ("IronNet" or "the Company") stabilizes operations and continues plan of reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court" and such cases, the "Chapter 11 Cases" or "Restructuring").
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SG Credit Provides $10 Million Dip Commitment to Water Gremlin
November 6, 2023SG Credit Partners has provided a commitment for up to $10 million in debtor-in-possession (“DIP”) financing to Water Gremlin, the world’s technological and market leader in battery terminals, to support ongoing manufacturing and distribution as it continues to offer customers consistent quality solutions during its Chapter 11 proceedings. The DIP financing has received interim court approval.
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Click Therapeutics Secures $20 Million Debt Financing from HSBC
November 6, 2023Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.
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Strata Clean Energy Secures a $300 Million Revolving Credit Facility to Support Expansion of Vertically Integrated Clean Energy Platform
November 6, 2023Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.
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JLL Renews Credit Facility, Maintains Strong Financial Profile and Liquidity
November 6, 2023Jones Lang LaSalle Incorporated (NYSE: JLL) amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. The borrowing capacity will be $3.3 billion and the new five-year term extends the maturity from April 2026 to November 2028.
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Guidehouse, Leading Global Provider of Consulting Services, to be Acquired by Bain Capital Private Equity
November 6, 2023Guidehouse, (“Guidehouse”, or the “Company”), a leading global provider of consulting services to the public sector and commercial markets, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3 billion. Guidehouse will continue to operate under its current management team, led by Chief Executive Officer Scott McIntyre.
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KKR Closes $2.8 Billion Global Impact Fund II
November 6, 2023KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund II (“GIF II” or the “Fund”), a $2.8 billion fund dedicated to investing in companies whose products and services contribute measurable progress toward the United Nations Sustainable Development Goals (“SDGs”). The Fund is the successor fund to the first KKR Global Impact Fund.
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Abacus Finance Provides Senior Debt Financing to Support the Strategic Growth Recapitalization of Rokolabs by WestView Capital Partners
November 6, 2023Abacus 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 for senior secured credit facilities to support the strategic growth recapitalization of Rokolabs by WestView Capital Partners.
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Loeb Funds $12 Million in Term Loans in Q3 to Help Three Companies Shore Up Their Working Capital Needs and Exit Traditional Banks
November 6, 2023Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans.
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Loeb Funds $12 Million in Term Loans in Q3 to Help Three Companies Shore Up Their Working Capital Needs and Exit Traditional Banks
November 6, 2023Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans. By extracting working capital from their existing M&E, these three businesses will continue to operate without missing a beat.
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Loeb Funds $12 Million in Term Loans in Q3 to Help Three Companies Shore Up Their Working Capital Needs and Exit Traditional Banks
November 6, 2023Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans.
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Heritage Global Valuations Appoints Gina Griffin as Senior Vice President
November 6, 2023Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation firm, is pleased to announce the appointment of Gina Griffin as Senior Vice President. With a remarkable career spanning more than two decades, Griffin brings a wealth of expertise in the appraisal and liquidation industry, particularly in retail, consumer products, and e-commerce.
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Access Capital Provides Multi-million Dollar Credit Facility to CRB Workforce
November 6, 2023CRB Workforce LLC (“CRB”) is a California-based workforce solutions provider with an established niche in the entertainment, online education, consumer apparel, and travel sectors providing IT and marketing support. CRB has a track record of providing consulting and contract resources across the United States which has contributed to the hyper-growth of their business and positioned them to expedite their growth.
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USD Partners Announces Additional Waiver Extension Agreement Under Credit Agreement
November 6, 2023USD Partners LP announced today that it has entered into an agreement (the “Second 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 Waiver Extension Agreement, dated as of October 6, 2023, from its expiration date of November 3, 2023 to November 17, 2023.
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CohnReznick Announces Gamechangers in 2023 ESG Award Winners
November 6, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the winners of its second annual Gamechangers in ESG Awards program.
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Moritt Hock & Hamroff Sees Continued Growth Across Its Three Offices
November 2, 2023B. George Walker joins as Counsel and Amber J. Mannings and Jessica Huang join as Associates in the firm's Litigation and Dispute Resolution Practice Groups, while Brady M. Foster joins the firm's Secured Lending Practice Group as an Associate.
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The Secured Lender
SFNet's 80th Annual Convention Issue