- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Chicago Atlantic Provides Term Loan to One of World’s Largest Cloud-Based In-Store Clienteling Software Providers
- Cerebro Capital Facilitates Over $90MM in Financings for 10 Companies
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Rosenthal Acquires Factoring Division of Lyon Credit Services, Expanding Capabilities, Reach Across Furniture Sector
Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced it has acquired Lyon Capital Corporation, the factoring division of Lyon Credit Services, the premier credit reporting agency in the home furnishings industry since 1876.
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SFNet Presents Results of Groundbreaking Diversity, Equity and Inclusiveness Survey on June 28
Members of SFNet’s Diversity, Equity and Inclusiveness Committee will discuss the results of SFNet’s much-anticipated, groundbreaking DEI benchmarking study of the secured finance industry.
Betty Hernandez, CCO, SLR Business Credit and chair, SFNet DEI Committee, will serve as moderator. Panelists will include Richard Gumbrecht, CEO, Secured Finance Network; Terry Keating, CEO, Access Capital, Inc.; Lizzy Diaz-Ortiz, JD, CRCM, vice president and senior advisor, Governance & Inclusion, BMO Financial Group; Nicole N. Richardson, distinguished professor, Professional Practice, Rutgers University; and Courtney Hazzard, Data Services Consulting, Rutgers University.
TSL Express Daily Headlines & News
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FrontWell Capital Partners Provides USD$25 Million Senior Secured Credit Facility to Borealis Foods Inc.
October 3, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$25 million secured credit facility with Borealis Foods Inc. (“Borealis”), a fast-growing food tech company with a mission to serve growing consumer needs and global food challenges through its development of nutritious, healthy, and affordable ready-to-eat meals.
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Fora Financial Closes New Debt Financings, Further Diversifying Capital Structure
October 3, 2023Fora Financial, a leading provider of flexible financing to small- and medium-sized businesses nationwide, today announced the closings of a $130 million revolving credit facility and $10 million investment-grade rated corporate note. Truist Bank will serve as senior lender for the credit facility, joined by Castlelake as participating lender.
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Ebix Signs Agreement with Lenders Regarding Credit Facility
October 3, 2023Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it has signed an agreement with its Lenders, providing for a further period until November 15, 2023 for repayment of certain obligations under its Credit Facility, subject to certain conditions, while the Company pursues strategic alternatives.
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BXP Exercises $315.0 Million Accordion Feature Increasing Its Revolving Credit Facility Capacity to More Than $1.8 Billion
October 3, 2023BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has exercised a portion of the accordion feature under its existing revolving credit facility to increase the available borrowing capacity by an aggregate amount of $315.0 million, increasing the facility’s maximum borrowing capacity to $1.815 billion.
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Hogan Lovells Expands Private Equity Practice with Addition of Partner Todd Schwartz in Silicon Valley
October 3, 2023Global law firm Hogan Lovells announced today that Todd M. Schwartz has joined the firm as a partner in the Corporate & Finance practice group and Private Equity practice area, in the Silicon Valley office. Schwartz joined from Paul Hastings, where he was also a partner.
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Horizon Technology Finance Provides $40 Million Venture Loan Facility to Elligo Health Research
October 3, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $40 million venture loan facility to Elligo Health Research®, Inc. ("Elligo"), of which $25 million has been initially funded.
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Clifford Chance Hires Partner Jason C. Ewart, Growing US Leveraged Finance and Capital Markets Capabilities
October 3, 2023International law firm Clifford Chance appointed Jason C. Ewart as a partner in its Global Financial Markets team as the firm expands its US Leveraged Finance group.
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Wingspire Capital Agents $50 Million Senior Secured Credit Facility to Conserv Capital
October 3, 2023Wingspire Capital LLC (“Wingspire”) agented a $50 million senior secured credit facility to Conserv Capital, LLC, (“Conserv”) which provides equipment financing for small to mid-sized businesses in the construction industry and for independent owner-operators in the long-haul trucking industry.
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Wintrust Receivables Finance Announces the Closing of a New $15 Million Line of Credit for a Fast-Growing Third-Party Logistics Firm
October 3, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $15 million account receivable line of credit for a Southeast-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country.
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California Enacts Bill Prohibiting Certain Fees for Loans Under $500,000
October 2, 2023Title 1.90 has been signed into law by Governor Newsom and becomes effective January 1, 2024 prohibiting commercial non-regulated entities from charging fees “without clear corresponding services” as well as “collateral monitoring fees” for non-delinquent accounts. SFNet will be providing additional information to members.
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Solifi Wholesale Finance Further Enhances Dealer and Lender Experience
October 2, 2023Solifi™, a global fintech software partner for secured finance, announced the latest product enhancements for its wholesale finance solution. The 2023 releases include several new features designed to provide North American customers with an enhanced lender and dealer experience, such as expanding functionality for captive lenders and syndication support, and maximized business process efficiency.
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HireRight Completes Refinancing of First Lien Senior Secured Term Loan
October 2, 2023HireRight Holdings Corporation (NYSE: HRT) ("HireRight" or the "Company"), a leading provider of background screening services, today announced the closing of the refinancing and upsizing of its first lien senior secured term loan facility as well as an upsizing of its revolving credit facility.
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Morgan Lewis Expands Finance Team in New York with Partner Penelope Christophorou
October 2, 2023Penelope Christophorou, a finance lawyer with more than 25 years’ experience, joins Morgan Lewis as a partner in New York. Arriving from Cleary, Gottlieb, Steen & Hamilton, Penelope will advise on commercial finance transactions, particularly those related to bankruptcy.
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nFusion Capital Provides $2 Million Factoring Line of Credit for Sullivan Commercial Painting, Inc.
October 2, 2023Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond to client needs.
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Moritt Hock & Hamroff Recognized As One Of Long Island Business News' Inaugural 2023 Empowering Women Honorees
October 2, 2023The law firm of Moritt Hock & Hamroff has been recognized as one of Long Island Business News' Inaugural 2023 Empowering Women Honorees for its commitment to the growth and advancement of women, cultivation of diverse and inclusive communities and fostering of social responsibility.
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Rosenthal Closes Three Asset Based Lending Transactions
October 2, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of three asset-based lending transactions across multiple industries.
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Rosenthal Closes Three Asset Based Lending Transactions
October 2, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of three asset-based lending transactions across multiple industries.
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Rosenthal Closes Three Asset Based Lending Transactions
October 2, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of three asset-based lending transactions across multiple industries.
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Oregon-based Metal Injection Molding Company Partners with Republic Business Credit
October 2, 2023When an Oregon-based private equity-owned metal injection molding company sought a new partner to replace their bank line of credit, they chose Republic Business Credit. Republic extended a $3.5 million asset-based loan revolver with an additional $500k equipment term loan.
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First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
October 2, 2023First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger.
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SFNet's 80th Annual Convention Issue