- nFusion Capital Provides $2.5 Million Line of Credit Kitu Life, Inc.
- SFNet Market Pulse
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Regulators Hit Pause Button on Basel III Endgame
- Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
TSL Express Daily Articles & News
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STX Group Announces Innovative €150M Credit Facility as Global Banks Support Energy Transition
STX Group (STX), a leading global environmental commodity trader and climate solutions provider, has closed an up-to EUR 150 million syndicated borrowing base credit facility to foster the rapid expansion of its business operations. The credit facility, which was comfortably oversubscribed, has the unique quality of being partially secured by a diverse portfolio of environmental commodities.
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SFNet’s Women in Secured Finance Conference Returns in Person June 15-16, 2022
Attendees to reconnect, discuss reassessing goals, recruitment, retention, DEI, mental health and more. Guest Speaker Leigh Gilmore, general manager, Live Journalism at Dow Jones to join.
TSL Express Daily Headlines & News
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FLO Secures $60 Million Credit Facility from National Bank's Technology and Innovation Banking Group
September 26, 2023FLO, a leading North American electric vehicle (EV) charging company and a smart charging solutions provider, announced it secured a C$60 million revolving credit facility from National Bank of Canada, via its Technology and Innovation Banking Group.
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Renaissance Asset Finance Supports One Stop Business Finance with £5m Revolving Credit Facility
September 26, 2023Renaissance Asset Finance, a subsidiary of the private and commercial bank, Arbuthnot Latham, has confirmed their support for specialist SME lender, One Stop Business Finance, with the completion of a block discounting facility. The revolving credit facility, which was completed in August, backs the Group with £5m to help them achieve their ambitious growth objectives.
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K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities
September 26, 2023K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan (the “Loan”) to K92.
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MUFG Announces Leadership Changes Within its Asset-Based Finance Team
September 26, 2023MUFG announced it made several leadership changes within its Asset-Based Finance team, effective September 19. The changes are designed to align the team to better support MUFG’s overall ABF growth strategy in the Americas. Leadership team members will be based in three key markets – New York, Boston, and Los Angeles.
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King Trade Capital Offers $1.5MM Increase to Existing Client
September 26, 2023King Trade Capital is pleased to provide a seasonal increase to an existing clients PO finance facility in support of their seasonal sales growth into big box retail.
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Rosenthal’s West Coast Office Closes Two Factoring Transactions
September 26, 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 two factoring transactions by its West Coast office.
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Ocean Bank Provides $10 Million Working Capital Facility
September 26, 2023Ocean Bank has closed on a $10 million capital facility to a major flower importer that will provide the company with working capital during its low season and allow for its continued growth.
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SG Credit Partners Announces A Senior Debt Investment in Folloze
September 26, 2023SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Folloze via a $6 million credit facility. Folloze, the world’s first and only no-code B2B Buyer Experience Platform (BX 3.0), is used by B2B marketing, sales, and revenue teams.
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
September 26, 2023The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $10.1 billion, up 14 percent year-over-year from new business volume in August 2022. Volume was up 2 percent from $9.9 billion in July.
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SFNet Member Spotlight: Blackburn Investment Management Inc.
September 25, 2023Our wealth of data and information is core to our business, but we just don’t accept numbers and figures and move on. We take extra steps to fact check, walk the properties, go on-site, visit with managers, and partner with third parties, all in the name of getting it right. The legwork pays off when we create new possibilities while respecting legacies.
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Golub Capital Expands Commitment to U.S. Offshore Investors and Latin America with Strategic Hire
September 25, 2023Golub Capital today announced that Karim Salazar Antoni has joined the Firm as a Director based in Miami. In his new role, he will be dedicated to serving the U.S. offshore market alongside institutional and private wealth investors in Latin America.
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Capstone Copper Expands Revolving Credit Facility to $700 Million and Extends Maturity to September 2027
September 25, 2023Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has amended its existing revolving credit facility (the “Amended Credit Facility”) to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027.
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Furniture-maker Noble House Falls Into bankruptcy, Owes Overseas Suppliers Millions
September 25, 2023The company, which sells to some of the largest U.S. retailers, suffered from rising costs and disruptions in its supply chain.
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Siena Lending Group LLC Demonstrates Canada Lending Capabilities With the Closing of a $20 Million Credit Facility for a Specialty Aerospace Manufacturer
September 25, 2023Siena Lending Group LLC ("Siena") announces the completion of a $20 million asset-based revolving line of credit for a privately held aerospace manufacturer (“AM”) headquartered in Ontario, Canada. The facility was established to repay certain existing shareholder debt and to support the company’s future working capital needs.
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Parent Companies of Cape Cod 5 and Fidelity Bank Agree to Combine Under One Holding Company
September 25, 2023Cape Cod 5, headquartered in Hyannis, MA, and Fidelity Bank, headquartered in Leominster, MA, today announced that they have reached an agreement to merge their respective mutual holding companies under one multi-bank holding company, Mutual Bancorp, subject to regulatory approval.
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InterNex Capital Announces $1.5 Million Facility to Staffing Company
September 25, 2023InterNex Capital provided a $1.5 million facility to a Pennsylvania-based staffing company that provides consultants to Fortune 500 companies. The client sought to replace their existing combination of small lenders. Additionally, Client needed a working capital partner that could provide more flexible credit limits.
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Encina Lender Finance Provides $25,000,000 Senior Credit Facility for Sparrow Financial
September 25, 2023Encina Lender Finance, LLC (ELF) announced today the closing of an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide.
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Amerisource Closes $14,000,000 Recapitalization and Working Capital Facility for Energy Firm
September 25, 2023Amerisource Business Capital announced the closing and funding of a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry.
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Sprott Private Resource Lending Fund III Completes Final Closing
September 25, 2023Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX:SII) today announced that Sprott Private Resource Lending Fund III (“Fund III”) has completed its final closing. With the close of Fund III, total assets under management of Sprott Resource Lending Corp (“SRLC”) stands at U.S.$1.5 billion within the Company’s private strategies segment.
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Rite Aid Plans to Shut Down Hundreds of Stores in Bankruptcy, Wall Street Journal Reports
September 25, 2023Rite Aid (RAD.N) is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal reported on Friday, citing people familiar with the talks.
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