- EverBank Expands Commercial Offerings with New Public Finance Business, Led by Trevor Mael
- Market Sizing & Impact Study
- J.S. Held Adds Proprietary Asset Tracing Expertise to Strengthen Family Law Practice
- eCapital Delivers $45 Million ABL Solution to Propel Growth for Texas Energy Services Firm
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
TSL Express Daily Articles & News
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Accord Financial Adds to U.S. Business Development Team with Ira Almond and Sahil Sharma
Each is responsible for developing partnerships across a broad range of industries providing creative equipment financing solutions to middle market businesses while expanding and deepening Accord’s relationships within the independent sponsor and intermediary communities.
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After two years of virtual and hybrid conferences, SFNet's YoPro Leadership Summit returns in person August 3 to 4, 2022 at King & Spalding LLP in Atlanta, GA. Young professionals of the secured finance industry will hear from industry leaders, connect with peers, and discover together how to find success in new, flexible work structures. This year’s speakers and panelists will provide a market perspective, share an e-commerce update, and discuss diversity, equity and inclusiveness initiatives. In addition, attendees will have the opportunity to hear from industry titans and former SFNet 40 Under 40 Award winners. We’ll also have small-group networking sessions, icebreakers, group social activities and receptions in the evening.
TSL Express Daily Headlines & News
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Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit
October 30, 2023Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments.
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Flatbay Capital Announces HVAC Supply Company Real Estate Line of Credit Funded
October 30, 2023Flatbay Capital is excited to announce the successful funding of a $2.5 million owner-occupied commercial real estate bridge loan for a family-owned fabricator and supplier of HVAC ductwork.
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Terravest Announces New Credit Facility
October 26, 2023TerraVest Industries Inc., (TSX: TVK) ("TerraVest" or the "Company") announces today that it has entered into a new credit facility (the "Credit Facility") with a syndicate of lenders comprised of Desjardins Capital Markets acting as sole lead arranger and bookrunner, National Bank of Canada, The Bank of Nova Scotia and the Business Development Bank of Canada.
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Dillan Knudson Named Head of Commercial Banking for Arizona at Western Alliance Bank
October 26, 2023With over 16 years of banking experience, Knudson most recently served as Regional President and Head of Commercial Banking at PNC Bank in Austin. In that role, he executed the Bank’s local strategic growth initiatives after PNC’s acquisition of BBVA USA in 2021.
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BMO Climate Institute Business Leaders Survey: Nearly Half of Business Leaders in the U.S. and Canada Believe Climate Change Has Already Affected Their Businesses, but Few Have a Strategy
October 26, 2023According to the second annual BMO Climate Institute Business Leaders Survey, the business impact of climate change is driving more business leaders to think about mitigation plans, especially in the United States. Based on a survey of 700 business leaders in the U.S. and Canada, the 2023 results reveal why companies are increasingly taking action, how they are thinking about climate risk, and the challenges and opportunities they face in their transition to net-zero.
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Cahill Announces Election of Seven New Partners & Four New Counsel
October 26, 2023Cahill Gordon & Reindel LLP announced today that Andrew E. Lee, Tristan E. Manley, Juliana Obregon, Javier Ortiz, Matthew E. Rosenthal, Sean R. Tierney and Miles Wiley have been elected to the partnership, effective January 1, 2024.
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HealthCare Royalty Announces Closing of Credit Facility, New Debt Focused Fund and Appointment of Josh House as West Coast Lead
October 25, 2023HealthCare Royalty (“HCRx” or the “Company”), a leading middle market royalty acquisition firm that has raised $7.6 billion in capital since inception, today announced several important firm developments:
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Lifetime Brands, Inc. Announces Launch of an Amendment and Extension of the Company's Existing Term Loan B and Preliminary Results for Third Quarter 2023
October 25, 2023Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, announced plans today to launch an Amendment & Extension of the Company’s existing Term Loan B facility due 2025 through an extended maturity of August 2027.
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Burnham Holdings, Inc. Announces New Revolving Credit Facility
October 25, 2023Burnham Holdings, Inc. (OTC-Pink: BURCA), the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers and related HVAC products and accessories (including advanced control systems, furnaces, and radiators) for residential, commercial, and industrial applications, announced changes in its funding structure today, including a new revolving credit facility.
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RedRidge Diligence Services Joins IMA Financial Group
October 25, 2023MA Financial Group, a North American integrated financial services company specializing in risk management, retail and wholesale insurance brokerage, and wealth management, has entered a strategic partnership with Chicago-based RedRidge, expanding its suite of services for clients engaging in M&A transaction support and lender diligence. The partnership was effective on October 1.
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SG Credit Partners Announces A Senior Debt Investment in Brew Dr. Kombucha
October 25, 2023SG Credit Partners, through its SG Consumer Products Division, is thrilled to announce its partnership with the fastest growing kombucha brand in the United States, Brew Dr. Kombucha1. SG is providing debt financing to support Brew Dr.’s brand growth and bring the benefits of tasty and fizzy probiotic tea to people across the country. This announcement comes on the heels of Brew Dr.’s new packaging roll-out and flavor releases earlier this year.
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Access Capital, Inc. Announces Natasha Vaughn’s Promotion to Collateral Analyst
October 25, 2023As part of a companywide initiative focused on the development of our teams to support growth and a continuing dedication to the prosperity of our clients, Access Capital is pleased to announce that Natasha Vaughn has been promoted to the position of collateral analyst.
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MidCap Business Credit LLC Completes $11.2 Million Asset-Based Credit Facility to a Producer of Luxury Bottled and Canned Water Products
October 25, 2023MidCap Business Credit LLC, announced today that it has completed a $11.2 million asset-based credit facility to a producer of luxury bottled and canned water products, headquartered in New York, NY.
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Vision Ridge Partners Opens London Office
October 25, 2023Vision Ridge Partners (“Vision Ridge” or the “Firm”), a global sustainable real assets investor, today announced the opening of its London office to support the Firm’s global investment activity.
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LongWater Opportunities Launches Private Credit and Capital Solutions Strategy
October 25, 2023LongWater Opportunities, LLC (“LongWater”), a lower middle market alternative asset manager, today announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market. To drive the strategy, LongWater has hired a team of eight seasoned and highly successful private investment professionals who previously led and managed the Private Debt and Equity Group of Reinsurance Group of America (RGA), a global reinsurance company.
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Cadence Bank Announces Agreement to Sell the Insurance Operations of Cadence Insurance to Arthur J. Gallagher & Co.
October 25, 2023Cadence Bank ("Cadence" or the "Company") (NYSE: CADE) today announced that it entered into a definitive agreement to sell its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. ("Gallagher") (NYSE: AJG) for $904 million in cash1.
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SB360 Capital Partners Selected as Exclusive Agent for Klaussner Furniture Industries’ Inventory Disposition
October 24, 2023SB360 Capital Partners, a leading asset disposition and advisory firm, has been selected as the exclusive agent for the disposition of finished goods, work-in-process inventory, and raw materials for Klaussner Furniture Industries, Inc., an Asheboro, North Carolina-based furniture manufacturer.
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Eiffel Investment Group Supports Fives in its Sustainable Investment Strategy with a €60 Million Financing
October 24, 2023Eiffel Investment Group has announced a new financing of €60m to support in its growth plans Fives, an international leader in industrial engineering. This new financing is part of the "Obligations Relance" scheme initiated by France Assureurs and Caisse des Dépôts.
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B. Riley Appointed to Operate Z Gallerie Liquidation Sale
October 24, 2023Store closing sales have commenced at Z Gallerie retail locations nationwide. B. Riley Retail Solutions, LLC, a subsidiary of B. Riley Financial, Inc. (“B. Riley”) (Nasdaq: RILY), is operating the sale in its capacity as retail consultant in connection with the Chapter 11 bankruptcy of DirectBuy Home Improvement, Inc. (dba Z Gallerie).
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Legacy Corporate Lending Secures $100 Million Credit Facility from Wells Fargo
October 24, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.
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