- 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
- First Foundation Inc. Announces Retirement of CEO Scott F. Kavanaugh and Appointment of Thomas C. Shafer as Successor
- Peritus Capital Secures Term Loan for Oberland Agriscience to Drive Sustainable Protein Production
- 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.
Today's Top Story
Featured
Zions Bancorp. Completes ABL Deal with Houston Steel Fittings Distributor
Zions Bancorporation, N.A., through its Texas Division, Amegy Bank, closed and funded a $45,000,000 credit facility for an importer and distributor of iron castings for the water and waste water industries.
TSL Express Trending Story
Featured
A Look at Continued Inflation and Its Impact on a Group of Key Industries
In this article, Hilco experts from across the Valuation Services team discuss how the ongoing inflationary environment is impacting a broad range of industries from a cost, pricing and operational perspective.
TSL Express Daily Headlines & News
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Cumberland Pharmaceuticals (CPIX) Enters New $25M Revolving Credit Facility
September 6, 2023On September 5, 2023, Cumberland Pharmaceuticals (NASDAQ: CPIX) entered into a new revolving credit loan agreement with Pinnacle Bank (the “New Pinnacle Agreement”). The New Pinnacle Agreement provides for an aggregate principal funding amount of up to $25 million.
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Associated Bank Releases 2022 Sustainability Report
September 6, 2023Associated Banc-Corp (NYSE: ASB) ("Associated Bank") has released its 2022 Sustainability Report. This annual report highlights the company's progress on environmental, social and governance initiatives and related priorities designed to improve the economic health of its markets; deliver a safe, productive and engaging workplace and culture; promote diversity, equity and inclusion; and preserve the environment.
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Abacus Finance Supports WestView's Growth Investment in Hubstaff; also makes Co-Investment
September 6, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth investment in Hubstaff by WestView Capital Partners.
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Commercial Credit, Inc. Named to North Carolina’s Top 40 Mid-Market Companies for the Eleventh Consecutive Year
September 5, 2023Commercial Credit, Inc., parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has been named to the Business North Carolina Mid-Market Fast 40 List for the eleventh time.
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AlixLabs secures SEK 40 million investment to advance energy-efficient semiconductor innovation
September 5, 2023Swedish semiconductor trailblazer, AlixLabs, has successfully secured SEK 40 million in funding to accelerate their pioneering work.
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Oxford Commercial Finance Provides $3MM Line of Credit to Aerospace Company
September 5, 2023Oxford Commercial Finance provides a $3MM Asset-Based Line of Credit to a Florida-based Aerospace company.
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Austin Financial Services closes a $4MM ABL Facility to Private Equity-owned Contract Beverage Manufacturer
September 5, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4MM ABL facility, consisting of an AR & Inventory revolver, with an Equipment term loan, to a private equity owned contract beverage manufacturer based in the Pacific Northwest.
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Crown Partners Further Expands Asset-Based Finance Capabilities - Adds Justin Anderson as Managing Director
September 1, 2023Crown Partners (“Crown” or the “Firm”), a capital markets advisor focused exclusively on asset-based financings in the middle market, today announced that Justin Anderson has joined the Firm as a Managing Director.
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Great Rock Capital Adds Senior Originator in Southeast Market
September 1, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Scott Sundal has joined the firm as a Managing Director of Originations.
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Amerisource Closes $2,000,000 Working Capital Facility for Manufacturing Company
September 1, 2023Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a California-based manufacturer and distributor of designer bathroom vanity units, sinks, toilets, and bidets.
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Lighthouse Recognizes Mark Walling for 30 Years of Service & Leadership
September 1, 2023Lighthouse Financial Corp. recognizes Mark Walling for 30 Years of meritorious service.
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B. Riley Acts as Exclusive Real Estate Advisor in $65 Million 363 Asset Sale of United Furniture Industrial Portfolio
September 1, 2023B. Riley Real Estate, LLC, subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley”), is pleased to announce it served as exclusive real estate advisor in connection with the United Furniture Industries, Inc. (“UFI”) Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the Lane Furniture real estate portfolio.
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Sallyport Welcomes Ali Momin as Underwriting Analyst
August 31, 2023Ali Momin joins Sallyport Commercial Finance, LLC as an Underwriting Analyst after graduating from the University of Houston with a BBA in Finance and MIS in May 2023.
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Amerisource Closes $10,000,000 Working Capital Facility for Manufacturing & Distribution Firm
August 31, 2023Amerisource Business Capital announced the closing and funding of a $10,000,000 working capital facility for a Texas-based manufacturer and distributor of industrial chemicals.
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Crisis Averted: Second Circuit Rejects Effort to Recast Secured Loans as Securities
August 31, 2023On August 24, 2023, the Second Circuit prevented turmoil in the commercial lending market, ruling in Kirschner v. JP Morgan Chase Bank, N.A. (JPM), et al. that syndicated secured term loan notes were not securities for state-law purposes, applying the Supreme Court’s test in Reves v. Ernst & Young.
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B. Riley Serves as Exclusive Financial Advisor to AllOver Media in Connection with its Acquisition of Boxi
August 31, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to AllOver Media ("AllOver"), a portfolio company of Shoreview Industries, in connection with its acquisition of Boxi.
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Celtic Capital Provides $1 Million Line of Credit to Sea Salt Importer
August 31, 2023Celtic Capital Corporation announced its most recent new client relationship – an Arizona- based company that imports premium natural sea salt.
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Mallinckrodt Receives Court Approval for "First Day" Motions to Support Ongoing Operations
August 30, 2023Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.
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Republic Business Credit Provides Asset Based Line of Credit to Solar Company
August 30, 2023Republic partners with residential solar provider to support growth opportunities and meet rising demand.
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Lighter Capital closes $130 million credit facility to support early-stage companies
August 30, 2023Revenue-based financing FinTech Lighter Capital has closed a $130m credit facility, and plans to use the capital to support early-stage companies.
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