- Mogo Extends Maturity of $60 Million Credit Facility to 2026
- John Marshall Bank Hires Ross A. Berman as Senior Vice President, Commercial Team Lead in Rockville
- eCapital Corp. Provides a $10 Million Factoring Facility for a Energy Sector Staffing Leader
- MidCap Financial and Great Rock Capital Provide a $140 Million Senior Secured Credit Facility to Sponsor-Owned Housewares Company
- Siena Lending Group Closes New $35 Million Credit Facility for Charah Solutions, Inc.
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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In June 2023, First Citizens Bank named noted commercial banking executive Jim Hudak as president of its Commercial Finance group, which it acquired in its merger with CIT Group in early 2022.
With more than 20 years as a commercial finance executive, Hudak is known throughout the industry for his leadership capabilities and strong commitment to client support and satisfaction.
Hudak oversaw CIT's commercial finance businesses from 2008 to 2019, during which time many grew to become leading lenders in their industry verticals.
Today, settled back into an expanded version of the role he once occupied, he discusses the state of the business, the impact of the First Citizens merger and his strategy for 2024 and beyond.
TSL Express Daily Headlines & News
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Northleaf Capital Partners Leads US$100 Million Second Lien Credit Facility to Cutting Edge Group
April 15, 2024Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, today announced that it served as the lead arranger of a US$100 million asset-backed second lien credit facility to Cutting Edge Group (“CEG”), an established investor in and manager of niche media music rights.
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Waterworks Products Distributor Secures $20MM In ABL Funding From eCapital
April 14, 2024eCapital Corp. ("eCapital") a leading finance provider across North America and the United Kingdom, today announced the funding of a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities.
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SFNet Socal Platinum Sponsor Highlight: Buchalter
April 13, 2024At Buchalter, we prioritize relationships and understand that exceptional legal service lies at the heart of our business.
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SSG Advises the Chapter 7 Trustee of ContraFect Corporation in the Sale of Substantially All Intellectual Property Assets to Aurobac Therapeutics SAS
April 12, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to the Chapter 7 Trustee of ContraFect Corporation (“ContraFect” or the “Company”), in the sale of substantially all intellectual property assets to Aurobac Therapeutics SAS.
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The Hedaya Capital Group Smooths Out Payment Process for Fashion Company
April 12, 2024The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands.
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Encina Lender Finance Provides $30 Million Senior Credit Facility to Small-Ticket Equipment Finance Platform
April 12, 2024Encina Lender Finance, LLC announced today that it has closed a $30 million senior credit facility for a small-ticket equipment finance platform.
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KeyBank Expands its Leadership Team in Maine
April 11, 2024KeyBank has promoted Tatia Gagnon to senior vice president, senior commercial loan workout relationship management, within the bank's specialized finance group, and has appointed Graham Duck as senior relationship manager for Maine and New Hampshire.
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Frost Brown Todd Expands Nationwide Platform with New Denver Office
April 11, 2024National law firm Frost Brown Todd (FBT) announced that it has opened a new office in Denver, the latest step forward in its strategic, coast-to-coast expansion.
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Emerging Neobanking Solutions: US Capital Global Partners with Zyng Corp. on Capital Formation Strategy
April 11, 2024US Capital Global engaged as financial advisor to a Canadian fintech company specializing in ATM and kiosk software development and integration, alongside neobanking solutions.
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CohnReznick LLP Establishes New Digital Advisory Practice
April 11, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has established a new Digital advisory practice.
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Mayer Brown Advises Victory Park Capital on Secured Loan to TuHabi
April 11, 2024Mayer Brown acted as Mexican counsel to Victory Park Capital in a $30 million senior secured loan granted to MCN Investments Ltd, the holding company of TuHabi’s business in Mexico.
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WhiteHorse Finance, Inc. Appoints John P. Volpe to Its Board of Directors
April 11, 2024WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that John P. Volpe has been appointed to serve as an independent member of its Board of Directors effective April 10.
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BHI Appoints Jacob Weinstein as Head of CRE and Healthcare Teams
April 11, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, has appointed Jacob (JJ) Weinstein as Head of CRE and Healthcare.
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Zevra Therapeutics Refinances Existing Debt with up to $100M in Committed Capital under New Credit Facility
April 10, 2024Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company), a rare disease therapeutics company, today announced that it has entered into a new credit facility provided by leading biotech investors.
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$1.75 Million Asset-Based Revolving Line of Credit for Electronics Manufacturer
April 10, 2024SLR Business Credit (SLRBC) is pleased to announce the funding of a $1,750,000 ABL RLOC for an electronic board assembler and manufacturer.
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April’s heating up for Flatbay Capital: Another deal funded for a strong, family-owned business
April 10, 2024Flatbay Capital is proud to announce its second closing of April with a $2,700,000 commercial real estate purchase loan to help a Houston-based construction and restoration company acquire land for their new headquarters.
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XEN Welcomes Zahid Jethani as New CTO
April 10, 2024XEN, the cloud-based loan management platform revolutionizing the commercial lending industry, is thrilled to announce the appointment of Zahid Jethani as its new Chief Technology Officer.
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SBA opens loans for businesses hit by bridge collapse
April 10, 2024The U.S. Small Business Administration has opened a round of low-interest federal loans for small businesses in the region that may have been impacted by the Francis Scott Key Bridge collapse.
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Retailer 99 Cents Only Files for Bankruptcy, Plans to Shut Down
April 10, 2024Budget retailer 99 Cents Only filed for Chapter 11 bankruptcy protection in Delaware on Sunday, saying that it intended to close all of its 371 stores in the U.S. and sell off its real estate and remaining inventory.
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Chart Industries Announces Amended Revolving Credit Facility
April 10, 2024Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.
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