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TSL Express Daily Articles & News

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Hancock Whitney Establishes New Asset Based Lending Division

40-year ABL executive Mike Knuckles to lead metro Atlanta office serving U.S. South

GULFPORT, Miss. (April 3, 2023)—Hancock Whitney has established a new companywide asset based lending (ABL) division primarily serving 12 states across the southern United States. Mike Knuckles, an asset based lending executive with decades of industry experience, will lead the line of business based in suburban Atlanta, Georgia, and direct all recruiting and hiring.

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Eileen Wubbe 150x150
U.S. Bank’s Stampfel and Rubin Continue to Build Momentum, Deliver Innovative Asset-based Financing
U.S. Bank announced it hired Daniel Stampfel and Mitch Rubin as senior vice presidents of its asset-based finance division. The hires are part of a strategy for the broader U.S. Bank commercial banking team to continue its expansion in Texas and across the country to better serve middle-market clients.

Here we sit with Daniel, Mitch and David Slavik, SVP, national sales director – middle market, U.S. Bank Asset Based Finance, to discuss expansion in New York and Texas, goals for the rest of the year, and industry trends and predictions.

TSL Express Daily Headlines & News

  • NXT Capital Closes Unitranche Credit Facility in Support of Chef Merito’s Merger with La Fiesta
    September 11, 2023
    NXT Capital announced today that it has provided a unitranche credit facility to support Chef Merito’s merger with La Fiesta. Chef Merito is a portfolio company of PNC Riverarch. NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.
  • KKR Provides £75 Million Financing Facility to TalkTalk
    September 11, 2023
    KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have agreed to provide a £75 million non-recourse financing facility to TalkTalk, a leading value for money connectivity provider in the UK.
  • J D Factors Announces Factoring Facilities to 23 New Clients
    September 11, 2023
    J D Factors provided $11,700,000 in new factoring facilities to 23 new clients in the US and Canada during the month of August. Some of these facilities include: a $200,000 factoring facility for a fiberoptic installation company in Quebec; a $500,000 factoring facility for a transportation company in California; a $2,000,000 factoring facility for a staffing company in Georgia.
  • Global Net Lease, Inc. Announces $500 Million Credit Facility Accordion
    September 7, 2023
    Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that a consortium of banks have provided an indicative commitment to KeyBank National Association, in its capacity as lead arranger and administrative agent under a confidential mandate letter executed in favor of the Company, to provide funding for a $500 million expansion of GNL's credit facility
  • Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
    September 7, 2023
    Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400 million up to $635 million with proceeds used to support the Company's ongoing operations and enhance their growth initiatives.
  • U.S. Bank Names Shruti Patel Chief Product Officer for Business Banking Segment
    September 7, 2023
    Shruti Patel has joined U.S. Bank as chief product officer for the business banking segment. In this key leadership role within the Consumer and Business Banking group, she will be responsible for delivering an integrated product strategy that connects banking, payments and software for business clients with up to $25 million in revenue.
  • CIT Northbridge Provides $55 Million in Exit Financing to National CineMedia LLC
    September 7, 2023
    First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $55 million revolving credit facility to National CineMedia LLC to support their emergence from Chapter 11 bankruptcy.
  • Access Capital, Inc. Announces William Palmer's promotion to Collateral Analyst, Team Leader
    September 7, 2023
    As part of our growth initiatives, ongoing commitment to the success of our clients, and recognition of his skills, Access Capital is delighted to announce that William (Bill) Palmer has been promoted to the role of Collateral Analyst & Team Leader.
  • Monroe Capital Supports Specialized Packaging Group’s Acquisition of Protective Packaging Solutions
    September 7, 2023
    Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Protective Packaging Solutions (“PPS”) by Specialized Packaging Group (“SPG”). SPG is an existing portfolio company of Altamont Capital Partners.
  • Polen Capital Launches Inaugural Credit Interval Fund
    September 7, 2023
    Polen Capital, a global asset manager, today announced the launch of the Polen Credit Opportunities Fund (“Fund”) (PCOFX), Polen’s first interval fund offering. The Fund, a flexible and high-conviction credit product that aims to provide investors with high current income, attractive risk-adjusted returns, and diversified credit exposure, pursues a strategy that has been managed by Polen since 2010.
  • Mochizuki Joins CohnReznick as Transaction Advisory Services Partner
    September 7, 2023
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Greg Mochizuki has joined the firm as a partner in its burgeoning Transaction Advisory Services practice. He will be focused on growing CohnReznick’s transactions practice in the technology sector and is based in the Bay Area.
  • Armory Securities, LLC Announces that LeVecke Corporation Successfully Completed $79 Million of Refinancing
    September 7, 2023
    Armory Securities, LLC is pleased to announce that LeVecke Corporation (“LeVecke”) has successfully completed $79 million of refinancing. Armory served as exclusive financial advisor and placement agent to LeVecke for the transaction.
  • Ronnie Bloom to Expand FGI Finance Footprint in Western United States
    September 6, 2023
    FGI Worldwide LLC (www.FGIWW.com) (“FGI”) announced today that Ronnie Bloom, Managing Director, will expand his business development efforts to the Western U.S. Mr. Bloom will remain involved in Canadian transactions as he develops and nurtures partnerships in California, the Pacific Northwest, and Texas.
  • REC Signs $100 Million Foreign Currency Term Loan Agreement with EXIM Bank
    September 6, 2023
    New Delhi: REC Limited on Wednesday informed that it has signed a foreign currency term loan agreement for USD 100 million, with Export Import Bank of India (EXIM Bank). As per the company, the said loan will be used towards refinance for on-lending to REC’s borrowers in power, infrastructure and logistics sectors for importing capital equipment.
  • BlackRock Capital Investment Corporation Announces Credit Agreement Amendment
    September 6, 2023
    BlackRock Capital Investment Corporation (“BCIC”) (NASDAQ: BKCC) today announced that it has entered into an amendment (the “Amendment”) to its $265 million senior secured revolving credit agreement (as amended, including by the Amendment, the “Revolving Credit Facility”). The Amendment, among other things:
  • SG Credit Announces Hiring of Irena Snider as CFO
    September 6, 2023
    SG Credit Partners announced the hiring of Irena Snider as Chief Financial Officer with responsibilities including strategy, capital raising, reporting and building financial infrastructure.
  • Senior Business Development Officer Joins CIBC’s US Asset-based Lending Team
    September 6, 2023
    CIBC today announced it has welcomed a new business development officer to join its Asset-Based Lending team, furthering their commitment to serving middle market clients across the US. Ron Kerdasha joins the team as a managing director and senior business development officer with more than 30 years of industry experience.
  • AmRock Financial Unveils Innovative Redesign Website with new Features for Enhanced User Experience
    September 6, 2023
    AmRock Financial, a leading name in the financial services industry, is excited to announce the launch of its newly redesigned website, offering a seamless, user-friendly intuitive design experience, quick and easy access to essential information and a comprehensive understanding of the company’s products and services.
  • Blank Rome Adds Veteran ESOP Lawyer to Growing Dallas Office
    September 6, 2023
    Blank Rome LLP is pleased to announce that Jason C. Ray has joined the firm as a partner in its Tax, Benefits, and Private Client group in the firm’s new Dallas office. Ray advises employers on the design, implementation, and regulatory compliance of tax-qualified and nonqualified retirement plans with an emphasis on employee stock ownership plans (“ESOPs”). Ray joins Blank Rome from Morgan Lewis.
  • Access Capital Upgrades to Solifi’s SaaS Asset-based Lending Solution
    September 6, 2023
    Solifi™, a global fintech software partner for secured finance, announced that Access Capital, a privately owned asset-based lending firm based in New York City, NY, has upgraded from its on-premise system to Solifi ABL on Open Finance Platform.

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