- Saltire Capital Ltd. Announces Closing of Credit Facility
- Hearthside Takes Strategic Action to Position Company for Long-Term Growth
- Gunvor Secures US $2.265 Billion Sustainability-linked, Multi-currency Revolving Credit Facility
- Neon Closes New $200 Million Credit Facility Led by Comerica Bank
- nFusion Capital Provides $2.5 Million Line of Credit Kitu Life, Inc.
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Crédit Agricole CIB Acted as Sole Arranger and Bookrunner for Allegiant $100MM Revolving Credit Facility
Crédit Agricole CIB has closed a new $100MM 3-year Senior Secured Revolving Credit Facility with Allegiant Travel Company, acting as Sole Arranger and Bookrunner.
Allegiant is a longstanding client of the Bank, with this Senior Secured Revolving Credit Facility being the foundation of its relationship with the Company since 2015. With this latest refinancing, the transaction will continue to further enhance Allegiant’s liquidity position and will support the Company’s order book and introduction of new technology assets.
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Featured
Betsy Ratto is senior vice president of Hilco Capital Solutions: ReStore Capital and Hilco Corporate Finance, with responsibility to drive business for ReStore Capital and Hilco Corporate Finance. She is responsible for originating and executing corporate finance and capital markets transactions, with a focus on the retail industry and other financing transactions. She joined Hilco in fall 2021 and is based in Hilco’s Boston office.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development.
TSL Express Daily Headlines & News
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Capital Bank Launches New Lender Finance Group
August 30, 2023Capital Bank, a prominent commercial bank in the DC Metro Region, proudly announces the creation of its new Lender Finance Group.
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Darren Sabeski Joins Mitsubishi HC Capital Canada as Account Manager for Inventory Finance
August 30, 2023Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces that industry veteran Darren Sabeski has recently joined the company to support business development initiatives in its Inventory Finance division.
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Gibraltar Business Capital Provides $26.4MM in Acquisition Financing
August 29, 2023Continuing its strong reputation for being a preferred ABL partner for sponsor-backed transactions, GBC has strengthened its relationship with a private equity group that acquired a leading North American supplement manufacturer.
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Culain Capital Funding Provides $3MM in Recent Purchase Order and Factoring Facilities
August 29, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million accounts receivable factoring and purchase order facilities.
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Gibraltar Equipment Finance Provides $4MM to Sponsor-Backed Pet Food Manufacturer
August 29, 2023Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).
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First Citizens Bank Serves as Lead Arranger on $200 Million Financing for New Fortress Energy
August 29, 2023First Citizens Bank today announced that its Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.
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Aequum Capital Provides $7.3MM Asset-Based Revolver and Equipment Finance Term Loan to Premier Texas Based Manufacturer
August 29, 2023Aequum Capital is pleased to announce it recently closed a $7,300,000 credit facility to a premier Texas based manufacturer.
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IBC Advanced Alloys Announces Entering Into New Term Loan and Amendment of Existing Credit Facilities
August 29, 2023IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into a term loan (the "Term Loan") with Sallyport Commercial Finance, LLC ("Sallyport") and amendments to existing credit facilities (the "Amendments") with each of Sallyport and Iron Horse Credit, LLC ("Iron Horse") as further described below, resulting in access to US$7,000,000 in additional funding.
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SunVest Solar Obtains $60 Million Financing Facility
August 29, 2023SunVest Solar LLC, an independent, vertically integrated renewable energy business headquartered in Chicago and Milwaukee, has closed on a $60 million construction loan facility.
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Troutman Pepper Counsels Burke & Herbert Financial Services Corp. in Merger with Summit Financial Group, Inc.
August 28, 2023Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals.
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Huntington Business Credit Deal Announcement: Aurora Wholesalers, LLC (dba The Mazel Company)
August 28, 2023Huntington Business Credit announced it closed a $20,000,000 new credit facility with Aurora Wholesalers, LLC (dba The Mazel Company) on August 4, 2023.
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Blank Rome Attorneys Recognized in 2024 Best Lawyers in America®
August 28, 2023Blank Rome is pleased to announce that 200 firm attorneys have been recognized in Best Lawyers in America® 2024 in the annual categories of “Lawyers of the Year,” “Ones to Watch,” and “Best Lawyers,” in more than 50 practice areas across 12 regions.
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B. Riley Serves as Exclusive Financial Advisor to DynTek, Inc. in Connection with its Strategic Investment from Gallant Capital
August 28, 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 exclusive financial advisor to DynTek, Inc. ("DynTek"), a U.S.-based professional IT services, cybersecurity, and risk management organization, in connection with its strategic investment from Gallant Capital Partners (“Gallant”).
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Gateway Trade Funding Completes 21 Stretch Finance Transactions Totaling More Than $5,230,000
August 28, 2023Gateway Trade Funding, a PO and stretch financing company, is pleased to announce that we have recently completed the following stretch finance transactions: $350,000 loan for a US packaging company – funds for working capital. $100,000 loan for a US Gaming related company – funds for inventory.
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Arixa Capital Announces Strategic Joint Venture With Oaktree
August 28, 2023Arixa Capital Advisors, LLC ("Arixa Capital" or "Arixa") announced the launch of a $100M strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to originate senior secured loans backed by residential and commercial real estate.
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Rite Aid’s stock drops more than 50% on report of pending Chapter 11
August 28, 2023Rite Aid Corp. shares RAD, 4.84% dropped Friday following a report that the drugstore chain was filing for Chapter 11 bankruptcy protection because of opioid lawsuits.
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Renewables Business Reaffirms Growth with $30M Finance
August 28, 2023A leading global producer of renewable fuels, distiller grains and alcohols has just been equipped with a $15,000,000 working capital facility with provision to increase to $30,000,000 as and when further working capital is required.
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Okea Asa Announces Commitment for Revolving Credit Facility
August 24, 2023OKEA ASA has mandated DNB Markets, a part of DNB Bank ASA, and Pareto Securities as Joint Lead Managers and Joint Bookrunners and Fearnley Securities as Co-Manager to arrange a series of fixed income investor meetings commencing tomorrow.
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KKR’s Latest Bankruptcy Deal Is a Bad Omen for Lenders
August 24, 2023As corporate failures surge this year, debt investors are in a fight to salvage as much money as they can from the wreckage. The early skirmishes are going very badly. The bankruptcy of GenesisCare, a cancer treatment specialist backed by private equity powerhouse KKR & Co. and China Resources Pharmaceutical Group Ltd., is the latest cautionary tale of how much value is being destroyed when companies go bust now.
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Beyond Finance Gets a Boost with Comvest’s $635m Credit Facility
August 24, 2023Comvest Credit Partners, known for delivering flexible direct financing solutions to mid-market businesses, has announced its designation as Administrative Agent on an increased $635m senior credit facility for Beyond Finance. Beyond Finance operates out of the U.S., specialising in success fee-based debt resolution services.
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