- Saltire Capital Ltd. Announces Closing of Credit Facility
- Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
- nFusion Capital Provides $2.5 Million Line of Credit Kitu Life, Inc.
- Rosenthal Closes Pair of Transactions Totaling $5 Million
- Atome Financial Lands $200m Credit Facility led by HSBC
TSL Express Daily Articles & News
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JPMorgan Chase Acquires Substantial Majority of Assets and Assumes Certain Liabilities of First Republic Bank
JPMorgan Chase (NYSE: JPM) today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is supporting the U.S. financial system through its significant strength and execution capabilities. As part of the purchase, JPMorgan Chase is assuming all deposits – insured and uninsured.
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With the second half of 2022 underway, it is a good time to evaluate cybersecurity issues and concerns. The cybersecurity front continues to be an area of significant risk for businesses. In this article we will explore recent trends, and specific industries at more risk of attack. For a perspective on the dollar impact, the largest payment in 2021 was a $40 million payment made by an insurance company. For a perspective on number of attacks, there is a cyber-attack every 11 seconds.
The National Cyber Security Alliance estimated that 60% of small businesses fail within six months of an attack.
TSL Express Daily Headlines & News
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Pantheon International plc Announces Refinancing of Credit Facility with Additional Flexibility
October 19, 2023Pantheon International PLC announced that it has agreed a new £500 million equivalent multi-tranche, multi-currency revolving credit facility agreement (the "Loan Facility"), which replaces the existing £500 million equivalent credit facility and Credit Suisse AG London Branch as a Lender.
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Haversine Funding Announces OnDeck with Haversine, a Limited Series Podcast Dedicated to the Specialty Finance Industry
October 19, 2023Haversine Funding, a premier lender finance platform in the specialty finance space, proudly announces its newest endeavor - the limited series podcast, OnDeck with Haversine. Available on Spotify, YouTube, Apple, Google Podcasts, and LinkedIn, audiences can anticipate monthly episodes into early 2024.
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Clifford Chance Continues US Energy & Infrastructure Growth With Hire of Partner Cephas Sekhar and Counsel Kyle Kreshover in Houston
October 19, 2023Global law firm Clifford Chance has hired corporate M&A partner Cephas Sekhar in its Houston office. Sekhar's appointment sees the Houston team grow to 11 partners following its opening in June, which marked the expansion of the firm's global Energy & Infrastructure team in the US.
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BMO Blue Book: U.S. Economy is Resilient but Predicted to Slow in Early 2024
October 19, 2023New flagship research report, BMO Blue Book, features regional economic analysis from BMO experts and an outlook for the U.S. economy.
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First Citizens Announces Leadership Changes in Community Association Banking Business
October 19, 2023First Citizens today announced leadership changes in its Community Association Banking business - including naming Nick Mirabal as its new head of Association Banking and expanding the roles of several leaders - to drive continued collaboration and synergy.
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nFusion Capital Welcomes Brice Reid to the Team
October 19, 2023nFusion Capital (the “Company”), a leading commercial finance company to entrepreneurs, announced that William Brice Reid has joined their team as Senior Vice President. Brice will be responsible for receivables purchasing, asset-based lending and loan originations and developing client and referral relationships across the United States. He will be based in nFusion Capital’s Dallas office.
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A&G Announces Plan to Sell Certain Company-Owned Store Leases and Properties in Connection with Rite Aid’s Financial Restructuring
October 19, 2023A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (the “Company”), today announced plans to market for sale 78 Rite Aid and Bartell Drugs neighborhood pharmacy leases, as well as 21 fee-owned properties, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
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Gridiron Capital Closes Fifth Fund Above Target at $2.1 Billion
October 18, 2023Gridiron Capital, LLC (“Gridiron Capital” or the “firm”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the closing of Gridiron Capital Fund V and its affiliated funds (“Gridiron V”) at $2.1 billion, which exceeded its target of $1.8 billion and represents an increase in fund size of 56% over the prior fund, Gridiron IV.
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Siena Lending Group LLC Announces the Closing of a CDN$30 Million Credit Facility for Capital Health Partners
October 18, 2023Siena Lending Group LLC ("Siena") is pleased to announce the closing of a CDN$30 million credit facility to support the acquisition of Ottawa, Canada based companies Ontario Medical Supply (“OMS”) and Royal Drugs, by Capital Health Partners (“CHP”). CHP will carry on and expand OMS’ medical service offering that targets the homecare patient population.
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Michael Burden & Al Williams Join Gordon Brothers as Co-Heads of North America Real Estate Services
October 18, 2023Michael Burden and Al Williams have joined Gordon Brothers, the global asset experts, as Co-Heads of North America Real Estate Services. Burden and Williams will lead the growth and expansion of Gordon Brothers’ real estate services platform providing full life cycle portfolio optimization services to retail, office, commercial and industrial clients. They will focus on helping companies develop and implement operational efficiency plans within their real estate portfolios.
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InterNex Capital Announces $1.5 Million Facility to HVAC Company
October 18, 2023InterNex Capital provided a $1.5 million revolving line of credit to a company that specializing in selling and installing HVAC systems for residential communities. They also offer repair services. The company was referred by an existing InterNex construction services client.
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Citizens Announces Appointment of Business Banking, Consumer Strategy Leaders
October 18, 2023Citizens today announced the appointment of Mark Valentino as Head of Business Banking and Witt Nicholson as Head of Consumer Strategy. Valentino, who will be based in Massachusetts, is rejoining Citizens from LA Downtown Medical Center, a three-campus community hospital and affiliated long-term care business, where he served as CEO and CFO. Prior to his role there he was the Head of Healthcare and Not-for-Profit Banking at Citizens and, previously, the National Sales Manager for Corporate Banking.
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4Front Ventures Secures US$10 Million Credit Facility
October 18, 20234Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced that it has entered into a $10 million senior secured credit facility agreement (the "Credit Facility") with ALT Debt II, LP (the "Lender"), an affiliate of Altmore Capital.
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Crayhill Capital Management Provides Capital Facility to E2M Ventures
October 18, 2023Crayhill Capital Management LP (Crayhill), a New York-based, minority-owned private credit manager focused on asset-based investments, announced the closing of a $50mm capital facility with E2M Ventures ("E2MV"), a real estate investment firm focused on middle market debt and equity.
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Pemberton Announces First Close of Inaugural ERISA-Compliant Fund
October 18, 2023Pemberton, a leading alternative credit specialist, announces a $275mm first-close of its inaugural, fully-ERISA compliant, evergreen, multi-asset solution Fund, anchored by five new Limited Partners to the firm.
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Cambridge Savings Bank Forms Relationship with Bigbelly Solar, Extends Credit Facility to Facilitate Growth
October 18, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a credit facility to Bigbelly Solar, LLC (Bigbelly), the global leader in waste solutions for public spaces.
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CIBC Innovation Banking Provides Growth Capital Financing to DealMaker
October 18, 2023CIBC Innovation Banking is pleased to announce an upsized growth capital financing for DealMaker, a leading capital-raising technology platform. This funding will further fuel the company’s accelerated expansion across North America.
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Mountain Ridge Capital Launches Factoring Platform
October 17, 2023Alpine Ridge Funding ("Alpine Ridge"), a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from $50,000 to $30 million.
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Gibraltar Backs Revolution Foods with $20MM
October 17, 2023Gibraltar Business Capital (GBC) is pleased to announce the closing of a $20MM senior secured credit facility in support of Revolution Foods. The facility will provide additional liquidity for the continued development of the company’s vision.
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First Citizens Bank Coordinates $672 Million in Financings for Plus Power on Three Battery Storage Projects
October 17, 2023First Citizens Bank today announced that its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy storage capacity.
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The Secured Lender
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