- Golub Capital BDC, Inc. Announces a Series of Debt Funding Structure Initiatives Aimed at Reducing Borrowing Costs and Providing Additional Investment Flexibility
- EverBank Expands in California with new Encino Financial Centre
- Solifi Recognised for Digital Innovation at Leasing Life Awards
- News Detail
- SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support Growth
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Leading Restructuring Lawyer Joins Latham & Watkins in New York
Latham & Watkins LLP is pleased to announce that Joe Zujkowski has joined the firm's New York office as a partner in the Restructuring & Special Situations Practice. Zujkowski represents debtors, ad hoc creditor groups, and individual creditors in in-court and out-of-court restructurings and in executing complicated financing transactions.
TSL Express Trending Story
Featured
Succession: ABL Industry Needs a Plan
The ABL industry is struggling with succession challenges. Founders are synonymous with their firms, yet many lack succession plans despite good health and changing industry dynamics. The generational shift demands innovation and client-centric approaches. Planning and communication are crucial. Unlike TV drama, ABL leaders must ensure smooth transitions to secure their legacies and firms’ futures amidst industry upheaval.
TSL Express Daily Headlines & News
-
CapitalPlus Financial Provides $500,000 Factoring Facility to Interior Finishing Contractor, Allowing Expansion Amid Payment Delays
October 8, 2024CapitalPlus Financial Services, a leading provider of construction factoring solutions, is proud to announce the successful funding of a $500,000 factoring facility for an Illinois-based interior finishing contractor.
-
PlainsCapital Bank Welcomes Sara Brooke Burnside
October 8, 2024PlainsCapital Bank is pleased to announce that Sara Brooke Burnside has joined its Houston lending team as Senior Vice President, Senior Commercial Loan Officer. She will be based at the Bank’s Richmond Avenue location at 2925 Richmond Avenue, Suite 100.
-
Loeb Helps Struggling Gear Manufacturer with Strategic Ongoing Concern Liquidation Sale
October 8, 2024Loeb, a leader in providing tailored financial solutions, has successfully assisted a Wisconsin-based gear manufacturing company in navigating severe financial difficulties. Facing an urgent need to liquidate its business, the company turned to Loeb for a swift and effective resolution.
-
Amerisource Business Capital Celebrates 40th Milestone Anniversary
October 8, 2024Amerisource Business Capital, a recognized leader in the private credit industry, proudly commemorates four decades of excellence and client-centric service as it celebrates its 40th milestone anniversary.
-
SG Credit Partners Announces a Senior Debt Investment in Shipwell
October 8, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with Shipwell, a scalable multimodal transportation management system (TMS) that empowers shippers to plan, rate, ship, and manage supply chain operations across all modes — including parcel, truckload, LTL, VTL, bulk, rail, intermodal, and ocean.
-
Wiggin and Dana Continues Rapid Growth of Restructuring Practice with Addition of Restructuring Professionals Scott Griffin and Frank Eaton
October 8, 2024Wiggin and Dana LLP announced the addition of veteran restructuring attorneys Scott Griffin and Frank Eaton to the firm’s expanding Restructuring Practice. The addition of Griffin and Eaton continues the firm’s trajectory of expansion in sophisticated restructuring work and follows the firm’s addition of Florida-based restructuring partner Tamara Van Heel in July.
-
Ares Management Corporation to Acquire GCP International
October 8, 2024Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing capital commitments to certain managed funds, in a transaction valued at $3.7 billion.
-
AFC Gamma Provides Story of Maryland with $41 Million Senior Secured Credit Facility
October 8, 2024AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced that it has committed and funded $41 million to a senior secured credit facility to Story of Maryland, LLC (“Story MD”), a leading, vertically integrated operator in Maryland. Story MD intends to use the proceeds from the credit facility to refinance existing debt and provide working capital.
-
Valiant Energy Solutions Partners with Cambridge Savings Bank’s Asset-Based Lending Team to Expand M&A Capabilities and Deliver Innovative Total Energy Solutions
October 8, 2024Valiant Energy Solutions, a trusted name in energy services with a 60-year legacy throughout Connecticut, is excited to announce a strategic partnership with Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets.
-
BrightNight Closes $440 Million Strategic Investment from Goldman Sachs Alternatives, Upsizes Corporate Credit Facility to $400 Million
October 8, 2024BrightNight, the next-generation renewable power producer built to deliver clean and dispatchable power solutions, today announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives.
-
Great Rock Capital Closes Term Loan Facility with Pennex Aluminum
October 7, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured term loan facility with Pennex Aluminum (“Pennex”).
-
Gateway Trade Funding Completes 19 Stretch Finance Transactions Totaling More Than $4,100,000
October 7, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that it has recently completed the following stretch finance transactions: A $100,000 facility for a charter school; a $150,000 facility for a radio manufacturing company.
-
Sallyport Commercial Finance Provides Staffing Startup with $500,000
October 7, 2024Sallyport Commercial Finance announced it provided $500,000 in accounts receivable facility to a staffing industry startup. Facing rapid contract growth in their early stages, the company sought funding to bridge working capital gaps and support payroll operations.
-
SLR Business Credit Adds Braff as Managing Director of Business Development
October 7, 2024SLR Business Credit announced today that David Braff has joined the company as a Managing Director of Business Development. Braff is the newest addition to the SLR Business Credit team. Based in the San Francisco Bay Area, he will assist in expanding the Company’s presence by providing asset-based lending and invoiced-based financing.
-
LSQ Creates $2.5MM Invoice Finance Facility for CA-based Telecom Hardware Company
October 7, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company.
-
Rocky Mountain Chocolate Factory Enters Into New $6 Million Credit Facility
October 7, 2024Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the “Company”, “we”, or “RMCF”), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has entered into a new three-year $6 million credit agreement with RMC Credit Facility, LLC, a special purposes investment entity affiliated with current RMCF board member Steve Craig.
-
Medalist Diversified REIT, Inc. Announces $4 Million Line of Credit and Cash Dividend of $0.06 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock Cash Dividend
October 7, 2024Medalist Diversified REIT (NASDAQ: MDRR) (the "Company" or "Medalist"), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that the Company has increased its line of credit to $4 million, previously set at $1.5 million, as part of its ongoing strategic efforts to enhance financial flexibility and support future growth.
-
Vista Outdoor Enters Into Definitive Agreement with SVP to Sell Revelyst for $1.125 Billion; Delivers an Estimated $45 Per Share in Cash in Combination with CSG Transaction
October 7, 2024Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) today announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”).
-
Tempur Sealy Announces Pricing of $1.6 Billion Term Loan B Facility
October 7, 2024Tempur Sealy International, Inc. (NYSE: TPX, "Company" or "Tempur Sealy") today announced that it has successfully priced its previously announced senior secured Term Loan B facility in an aggregate principal amount of $1.6 billion (the "Term Loan B").
-
HSBC & Tradeshift Launch SemFi to Transform Business Finance
October 7, 2024HSBC has unveiled SemFi by HSBC, a new venture designed to revolutionise how businesses handle finance. A joint effort with global B2B trade network Tradeshift, SemFi aims to deliver seamless embedded finance solutions to companies across a variety of e-commerce platforms.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue