- CohnReznick Expands Philippines Footprint
- Generate Capital Secures $1.2 Billion Corporate Credit Facilities to Drive Sustainable Infrastructure Growth
- Atome Financial Lands $200m Credit Facility led by HSBC
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- EverBank Expands Commercial Offerings with New Public Finance Business, Led by Trevor Mael
TSL Express Daily Articles & News
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King Trade Capital Closes a $8 Million PO Finance Facility
King Trade Capital is pleased to announce the completion of a $8 million purchase order finance facility for a popular growing sorbet brand.
King Trade Capital was introduced to the client by an Investment Bank looking for a finance solution to replace a previous lender that was not capable of keeping up with the company’s growth.
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At SFNet’s Asset-Based Capital Conference in Las Vegas this month, geopolitical analyst David Chmiel addressed how a Russian invasion of Ukraine could set off far-reaching geopolitical impacts and further accelerate China’s aggressive geopolitical plans.
In a virtual fireside chat recorded Jan. 30 with questions posed by Business Editor Stuart Rock, founder of Devonia Road, Chmiel said China is certainly watching closely to see how unified the response to Russia’s escalation has been from Ukraine’s allies in Europe and North America.
TSL Express Daily Headlines & News
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Lottery.com Secures $50 Million Credit Facility and Successfully Restores Nasdaq Compliance
August 2, 2023Lottery.com, Inc. (NASDAQ: LTRY, LTRYW) ("Lottery.com" or the "Company") is pleased to announce two significant milestones in its journey towards revenue growth and stability. The Company has successfully regained compliance with another Nasdaq listing requirement and secured a credit facility with United Capital Investments London, Ltd. ("UCIL").
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Griffon Announces Amended Credit Facility; Revolving Commitments Increased to $500 Million
August 2, 2023Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028.
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PCF Insurance Services Secures $400 Million In Incremental Financing as Part of New Term Loan
August 2, 2023PCF Insurance Services ("PCF"), a top 20 U.S. insurance brokerage, announced today that it has closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 million in response to strong lender demand from new and existing lenders.
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TIAA Completes Sale of TIAA Bank to Private Investors; Bank Now Doing Business as EverBank
August 2, 2023Achieving an important milestone in its strategic plan to refocus on the company's core retirement, wealth and asset management businesses, TIAA has completed the sale of TIAA Bank to private investors with extensive experience in financial services. The close of the transaction begins a new, independent chapter for the bank, now operating as EverBank, N.A. under a new national bank charter, focused on nationwide consumer and commercial banking growth and innovation.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Gauge Capital’s Acquisition of Craftable
August 2, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing in support of Gauge Capital’s (“Gauge”) partnership with Craftable, a leading hospitality-focused SaaS platform that provides back-of-house automation and management to the hospitality, food, beverage, and entertainment industries
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Access Capital, Inc., Announces Alexandra Hough as Legal &Administrative Coordinator
August 2, 2023Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently welcomed Alexandra Hough to serve as its Legal &Administrative Coordinator. Alexandra brings with her valuable experience as a paralegal at Chaves Perlowitz Luftig LLP. She is a graduate of University of Delaware and is now attending New York Law School’s 4L Part-time Evening Program.
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SLR Healthcare ABL Provides Financing to Surgical Support Company
August 2, 2023SLR Healthcare ABL is pleased to announce that it provided a $5 million asset-based lending revolving line of credit to a surgical support company.
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JPalmer Collective Expands Team of Finance Industry Leaders
August 2, 2023JPalmer Collective, an asset-based lending company launched in March 2023, has expanded its team of finance industry veterans with the appointment of Celina Rambaran as Senior Vice President of Operations. Celina will play a critical role in shaping JPalmer’s operational strategy, building strong customer relationships and maximizing the company’s performance.
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B. Riley Financial Affiliate Retained to Lead Store Rationalization for SALAMANDER
August 2, 2023B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley” or the “Company”), a diversified financial services platform, today announced its retail liquidation affiliate has been retained to assist in the restructuring and store rationalization of SALAMANDER (“Salamander”) in connection with the leading European shoe retailer’s recent insolvency.
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ESG Theme Drives 28% QoQ Rebound in Global M&A Deal Activity During Q2 2023, Reveals GlobalData
August 2, 2023Global mergers and acquisitions (M&A) deals have shown a remarkable quarter-on-quarter (QoQ) rebound, surging by 28% from $469 billion during the first quarter (Q1) of 2023 to reach $602 billion during the second quarter (Q2) of 2023. After four consecutive quarters of decline, this growth signals a resurgence in deal-making activities driven by environmental, social, and governance (ESG) theme, according to GlobalData, a leading data and analytics company.
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White Oak ABL and White Oak Commercial Finance Commit $70 Million to Credit Facility of Market Leading Textile Supplier
August 1, 2023White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other funds and accounts managed by White Oak Global Advisors, LLC, (collectively, “White Oak”), have closed a new $70 million commitment in a $225 million ABL credit facility to a leading private-equity owned home textile supplier, specializing in fashion top of bed, basic and utility bedding, and window coverings. The funds will be primarily used to provide for working capital.
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MidFirst Business Credit Announces New Lending Relationship with iT1 Group
August 1, 2023MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to iT1 Group. Headquartered in Tempe, AZ, iT1 Group is a value-added reseller of computers and hardware and custom software solutions that combines business relationships with in-depth product knowledge to provide industry leading IT services and solutions.
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Wingspire Capital Provides a Senior Credit Facility to Sunland Asphalt
August 1, 2023Wingspire Capital LLC (“Wingspire”) provided a senior credit facility to Sunland Asphalt & Construction, LLC (“Sunland”) as part of a refinancing that includes growth capital for the provider of asphalt paving maintenance and repair services.
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TradeCap Partners Extends $1,500,000 Production Finance Facility to Family Office Backed Consumer Packaged Goods Company
August 1, 2023TradeCap Partners is pleased to announce the closing of a $1,500,000 production finance facility for a Northeastern0based consumer packaged goods company whose products can be found online and in-stores across the country.
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Beacon Announces Closing of $600 Million Senior Secured Notes Offering and Completes Repurchase of Series A Preferred Stock
August 1, 2023Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon,” the “Company”, “we,” “us” or “our”) announced today that it has closed its previously announced private offering (the “Offering”) of $600 million aggregate principal amount of its 6.500% senior secured notes due 2030 (the “Notes”).
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KKR Provides Financing for Freeman's Acquisition of Sparks
August 1, 2023Freeman, a global leader in events, today announced that it has acquired Sparks, a global brand experience agency. Terms of the transaction were not disclosed. J.P. Morgan is serving as exclusive financial advisor to Freeman, and King & Spalding LLP is serving as legal counsel to Freeman. Cozen O’Connor is serving as legal counsel to Sparks. Simpson Thacher & Bartlett LLP acted as legal counsel to KKR.
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SG Credit Partners Announces a Senior Debt Investment in Skylight Frames
August 1, 2023Skylight, the leading digital photo frame and smart calendar brand, has raised $15 million in debt through its partnership with SG Credit Partners. As the company continues to grow profitably, the new capital will be used to support inventory purchases and ensure sufficient product stock to meet increasing demand.
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First Citizens Bank Arranges $58 Million Financing for Tanger Houston
August 1, 2023First Citizens Bank today announced that its Middle Market Banking business has arranged $58 million in financing for Tanger Houston, an open-air outlet center located in Texas City, serving an attractive Texas metropolitan area.
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Heritage Bank of Commerce Hires Susan Just as Chief Credit Officer
August 1, 2023Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Susan Just as Executive Vice President and Chief Credit Officer, effective September 7, 2023.
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Amplify Energy Announces Closing of New Revolving Credit Facility
August 1, 2023Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced the closing of a new senior secured reserve-based revolving credit facility with Keybanc Capital Markets Inc., Cadence Bank, N.A. and Citizens Bank, N.A. as joint lead arrangers and KeyBank National Association as the administrative agent (the "New Credit Facility").
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The Secured Lender
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