- CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
- Gunvor Secures US $2.265 Billion Sustainability-linked, Multi-currency Revolving Credit Facility
- 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
- Hearthside Takes Strategic Action to Position Company for Long-Term Growth
TSL Express Daily Articles & News
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Entravision Announces New Credit Facility
Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that on March 17, 2023 the Company entered into a new $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving credit facility. Led by Bank of America, Wells Fargo, and J.P. Morgan Chase, the new credit facility replaces the Company’s existing credit facility entered into on November 30, 2017.
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Robert Grbic has more than 30 years of commercial lending experience. He has been with the company and its predecessor since 2005, previously serving as senior executive vice president and chief credit officer where he was involved in creating a hands-on, best-practices credit culture, as well as helping the Company expand its client portfolio.
Before that, Grbic was managing director at MorrisAnderson & Associates ltd., a turnaround-consulting firm. He also co-founded MetSource Capital, LLC, a restructuring and corporate finance firm, working primarily with small- and medium-sized companies. In addition, Grbic has also served at GMAC Commercial Credit, LLC, BNY Financial Corp and Bankers Trust. He has served as an instructor for the Finance, Tax and Law Department at the NYU School of Continuing Education. Grbic holds master’s and bachelor’s degrees in Business Administration from Pace University.
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Comerica Promotes Grant Simon to Senior Vice President, Group Manager, Technology and Life Sciences - San Francisco
August 14, 2023Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023. He will report to Robert Hernandez, Group Manager, TLS – California.
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Grant Thornton Appoints New Leaders to its Audit Quality & Risk Leadership Team
August 14, 2023Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately.
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Cambridge Savings Bank Supports Buyout of White Wood Kitchens with $2.6 Million in Financing
August 14, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $2.6 million in financing to support the acquisition and transition of ownership for White Wood Kitchens, the well-known kitchen and project management company in Cape Cod, MA, to former Information Technology leader, Anton Emelianov.
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Performance Shipping Inc. Announces Entry Into New Revolving Credit Facility With Nordea Bank at Favorable Terms Resulting in No Debt Maturities Prior To Mid-2027
August 10, 2023- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has successfully refinanced its existing loan facility dated July 24, 2019, by entering into an agreement for a Revolving Credit Facility (the “RCF”) of up to US$20,000,000 with Nordea Bank Abp, filial i Norge (“Nordea”), through separate wholly-owned subsidiaries of the Company, thereby extending the loan’s maturity date to 5 years from the signing of the agreement.
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Corvid Peak Expands Asset Management Platform
August 10, 2023Corvid Peak Capital Management LLC (“Corvid Peak”), a subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree” or the “Company”) announced today that it has reached an agreement in principle for the Coherence Capital Management (“Coherence”) team of Lazard Asset Management to join Corvid Peak. Coherence manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management, including the Coherence Long/Short Credit fund.
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Morgan Lewis Advises Invenergy on Closing of $1.5 Billion Revolving Credit Facility
August 10, 2023Morgan Lewis advised Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, on the closing of a $1.5 billion revolving credit facility to support Invenergy Renewables Operating I LLC and its parent company’s growing project development pipeline.
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Instant Brands Obtains Commitment for Additional Financing
August 10, 2023Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that it has received a commitment for an additional $30 million in new term loan financing from its existing lenders, increasing the amount of the term loan credit facility received by the Company to $162.5 million.
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Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus
August 10, 2023Proterra Inc (Nasdaq: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale.
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Cresset Names Bradley Schneider Head of Private Credit
August 10, 2023Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Michigan.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $250,000 factoring facility for a transportation company in British Columbia.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $200,000 factoring facility for a staffing company in Quebec.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $2,000,000 factoring facility for a semiconductor sales company in California.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Maryland.
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First Horizon Recognized by Forbes Magazine as One of America's Best Large Employers Of 2023
August 10, 2023First Horizon Corp. (NYSE: FHN or "First Horizon") has been recognized by Forbes Magazine as one of America's Best Large Employers. Forbes partnered with the market research firm Statista to compile a list of America's Best Large Employers.
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SumUp Secures New US$100 Million Credit Facility from Victory Park Capital to Accelerate its Merchant Cash Advance Product
August 10, 2023Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European markets in the near future.
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BHI Provides AM West of Medipower Group a $10 Million Revolving Line of Credit
August 10, 2023BHI, a full-service commercial bank, announced that it has closed a $10 million revolving line of credit for AM West, a Medipower (TASE:MDPR) Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with flexibility to pursue new asset acquisition opportunities as well as manage its day-to-day cash flow.
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Online Auction Features Uninstalled and Never-Used Equipment from Global Molded-Pulp Packaging Manufacturer
August 10, 2023Another tranche of molded-pulp packaging equipment from manufacturer Zume—known for creating anti-leak and compostable products for the global foodservice industry—goes to auction August 17 in a sale byTiger Group and Liquidity Services.
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Amerisource Closes $10,000,000 Credit Facility for Green Waste Disposal Company
August 10, 2023Amerisource Business Capital announced the closing and funding of a $10,000,000 senior revolving credit facility and real estate term loan for a Florida-based green waste disposal company. The proceeds were used to refinance existing bank debt and to provide ongoing working capital.
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Haversine Funding II LLC Closes $45 Million Credit Facility with First Horizon Bank
August 9, 2023Haversine Funding II LLC, one of the lender finance portfolios held by Haversine Management LLC, announced the closing of a $45,000,000 line of credit with First Horizon Bank on July 19, 2023. The new credit facility marks a new chapter in Haversine’s history as it moves forward with plans for continued growth, layering a bank line on top of an expanded investor base of foundational families including the continued, dedicated support of Halstatt, a family office headquartered in Naples, Florida with a 100+ year history.
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