- Cerebro Capital Facilitates Over $90MM in Financings for 10 Companies
- Saltire Capital Ltd. Announces Closing of Credit Facility
- Rosenthal Closes Pair of Transactions Totaling $5 Million
- Neon Closes New $200 Million Credit Facility Led by Comerica Bank
- Hedgeweek Names CohnReznick 2024 Best Audit Firm: Overall
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Steven Bellah Joins KCP Advisory Group
KCP Advisory Group is excited to announce the merger of the Remuda Advisors consulting group into KCP and the appointment of Steven Bellah as Senior Managing Director. In this role, Mr. Bellah will head the Dallas office and will also serve as the practice leader for the Lender Services Group. He will be a key contributor to helping KCP maintain its accomplished Turnaround and Restructuring practice and will be a senior presence developing and supporting the business, working across the practice groups.
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Coming Into Focus - TSL Inaugural Data Issue
Welcome to The Secured Lender’s first ever Industry Data Issue. Over the past several years, SFNet has invested heavily in data resources designed to improve planning, provide competitive benchmarking, and attract capital to our industry. Through resources like our groundbreaking Market Sizing and Impact Study, which dimensioned the secured finance ecosystem and will be refreshed this year, to our quarterly and annual data surveys, which continue to grow in participation, to our forward looking Market Pulse Reports, we have made great strides in capturing, analyzing, and predicting industry trends by the numbers.
TSL Express Daily Headlines & News
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Rite Aid Files for Bankruptcy Amid Slowing Sales, Opioid Litigation
October 16, 2023Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations. Rite Aid also said lenders agreed to extend $3.45 billion in new funding to “provide sufficient liquidity” as it embarks on its restructuring plan.
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Vintage Wine Estates Announces Amended Credit Agreement
October 16, 2023Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced it has amended its credit agreement (the “Amended Credit Agreement”) to, among other things, waive existing events of default, redefine financial covenants and allow for additional asset sales.
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Access Capital, Inc., Announces Efrain Aguilar’s Promotion to Credit Analyst
October 16, 2023Access Capital is pleased to announce that Efrain Aguilar has been promoted to the position of credit analyst. Efrain joined Access Capital in May 2020 as a senior collateral analyst and immediately distinguished himself with his knowledge, work ethic, team-first mentality, and growth mindset.
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SFNet Member Spotlight: Porter Capital Corporation
October 16, 2023Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. Porter offers working-capital solutions to businesses all over the country in a variety of industries. As a direct lender and factoring company, Porter Capital has provided over $8 billion in funding since its inception.
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CohnReznick Expands Government Advisory Capabilities with Acquisition of Exiger’s Construction Monitorship and Public Sector Forensic Investigations Division
October 16, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has acquired the Construction Monitorship and Public Sector Forensic Investigations Division from Exiger, the SaaS company revolutionizing the way corporations, government agencies and banks manage supply chains.
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Audax Private Debt Provides Financing to Support Aquiline Capital Partners’ Launch of MDpanel
October 16, 2023Audax Private Debt (“Audax”) announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the formation of MDpanel (the “Company”) by Aquiline Capital Partners, a New York-based private investment firm. MDpanel is a new platform dedicated to the efficient delivery of medical opinions as part of the workers’ compensation insurance claims process.
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Alvarez & Marsal Appoints Anil Kumar as Private Equity Generative Artificial Intelligence Practice Leader
October 16, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced Managing Director Anil Kumar will head its Private Equity Performance Improvement (PEPI) Generative Artificial Intelligence (GenAI) practice. David McGraw and Chaz Henry will support Mr. Kumar as the GenAI practice’s consulting lead and Chief Technology Officer, respectively.
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Venator Successfully Completes Financial Recapitalization and Emerges from Chapter 11
October 16, 2023Venator Materials PLC ("Venator" or the "Company"), a global manufacturer and marketer of chemical products, has successfully completed its Chapter 11 recapitalization process and has emerged with an improved balance sheet and lower debt. The Company is now better positioned to address macroeconomic and market challenges. Venator's recapitalization plan was confirmed by the Bankruptcy Court on July 25, 2023.
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A&G and Onyx Clarify Details of Real Estate Sale Involving Developer StoryBuilt
October 16, 2023A&G Real Estate Partners and Onyx Asset Advisors are clarifying a press release from October 9, 2023, to clarify the interests being sold related to developer StoryBuilt. In addition to the 12 projects solely owned by StoryBuilt, A&G Real Estate Partners and Onyx Asset Advisors are also marketing minority positions in 16 properties.
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Vantiva Announced a New Short Term €85 Million Financing
October 16, 2023Vantiva is pleased to announce that Vantiva Technologies SAS has entered into a credit agreement, pursuant to which a term facility in an aggregate principal amount of €85,000,000 has been provided by Barclays Bank Ireland PLC and participated in by certain funds managed/and or advised (directly or indirectly) by Angelo Gordon & Co., L.P.
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Target Hospitality Expands Credit Facility; Significantly Increasing Liquidity Profile
October 16, 2023Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, announced today that it has increased the available borrowing capacity under its Credit Agreement, dated March 15, 2019 (as amended, the "Amended Credit Facility"), by $50 million, for total available capacity of $175 million, subject to compliance with borrowing base requirements ("Expanded Credit Facility").
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Main Street Announces Increase in Commitments Under its SPV Credit Facility
October 16, 2023Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly owned subsidiary, MSCC Funding I, LLC (the "SPV"), has expanded its senior secured revolving credit facility (the "SPV Credit Facility") from $255.0 million to $430.0 million. The $175.0 million increase in total commitments was the result of the addition of two new lender relationships under the SPV Credit Facility.
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TD Bank Welcomes Jill Gateman as Head of Middle Market Products & Services
October 16, 2023TD Bank, America's Most Convenient Bank®, announces Jill Gateman as Head of Middle Market Products & Services within TD's Commercial Bank. Gateman will lead TD's Commercial Bank Middle Market growth strategy, focusing on deepening market penetration in TD's existing markets while driving national expansion for customers with revenue of $100 million to $1 billion.
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Tempur Sealy Closes $1.65 Billion in Credit Facilities
October 12, 2023Tempur Sealy International has completed the closing of its $1.65 billion senior secured credit facilities and will use the proceeds to refinance its existing facilities.
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