- Generate Capital Secures $1.2 Billion Corporate Credit Facilities to Drive Sustainable Infrastructure Growth
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- White Oak Global Advisors Announces Partnership with the United Submarine Alliance Qualified Opportunity Fund LP to Bolster Domestic Submarine Development
- Mitsubishi HC Capital America Enhances Best in Class Vendor Portal
- RelPro Partners with Propense.ai to Deliver Enriched Data for Accounting and Legal Professionals
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
SFNet Announces IMPACT Award Winners and 2024 Hall of Fame Inductees
SFNet is pleased to announce the winners of its inaugural IMPACT Awards and the inductees into the 2024 SFNet Hall of Fame. The IMPACT Award recipients embody the core values and achievements that the SFNet community strives to uphold and promote. Hall of Fame inductees have made significant, lasting contributions to the secured finance industry throughout their careers. We look forward to celebrating with this august group on the evening of November 12 in Houston, prior to SFNet’s Annual Convention.
TSL Express Trending Story
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Factoring Industry Remains Resilient Amid Economic Shifts
The U.S. economy wrapped up 2023 on a robust note, buoyed by resilient consumer spending and a solid labor market.
TSL Express Daily Headlines & News
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VerticalScope Refinances Its Existing Senior Secured Credit Facility
October 7, 2024VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF) announced today that it had entered into a second amended and restated credit agreement (such agreement, the “A&R Credit Agreement”), amending and restating the Company’s existing credit agreement with Capital One (the “Existing Credit Agreement”).
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Consortium Led by Mason Capital Management to Acquire CB&I From McDermott
October 7, 2024A consortium led by Mason Capital Management LLC (“Mason”), in partnership with IES Holdings, Inc. (Nasdaq: IESC), Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors, and other investors, today announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business.
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OpenAI Secures New Credit Facility Enhances Financial Flexibility
October 7, 2024In addition to securing $6.6 billion in new funding from leading investors, we have established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC. This is a revolving credit facility that is undrawn at closing.
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Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments
October 7, 2024Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) extended and increased total commitments for its revolving credit facility (the “Facility”) for Prospect Capital Funding LLC, a GAAP consolidated subsidiary of Prospect, with the most recent upsize in the quarter ended September 30, 2024.
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Patrick Industries, Inc. Announces Private Offering of $400 Million of Senior Notes
October 7, 2024Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Senior Notes due 2032 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933 ("Securities Act").
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Gopher Resource Announces Capital Raise to Refinance Existing Debt
October 7, 2024Gopher Resource (“Gopher” or the “Company”), a leading environmental solutions provider in the United States and a portfolio company of Energy Capital Partners (“ECP”), today announced the closing of a refinancing transaction of its outstanding debt. The transaction was led by a consortium of new and existing lenders including lead lender Silver Point Finance.
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Summit Partners Raises $9.5 Billion for Twelfth U.S. Growth Equity Fund
October 7, 2024Summit Partners, a global growth equity investment firm, today announced the closing of its latest flagship U.S. growth equity fund. Summit Partners Growth Equity Fund XII (“Summit XII”) launched fundraising in late April 2024 and held its closing after approximately five months with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be the single largest investor in Summit XII.
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Amuze Secures Strategic Refinancing to Fuel Continued Growth
October 7, 2024Amuze, a leader in the gaming and amusement industry, is pleased to announce the successful refinancing of its debt in partnership with WhiteHorse Capital. This refinancing is a key step in enhancing Amuze's capital structure, providing the company with the financial flexibility to focus on its core operations, invest in growth initiatives, and continue delivering exceptional value to its stakeholders.
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William Blair Expands Private Capital Advisory Group in Europe
October 7, 2024William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today the expansion of the firm’s Private Capital Advisory team in Europe with the addition of Connor O’Keeffe as managing director. Based in London, O’Keeffe will focus on fund placement and advisory services for general partners (GPs) throughout Europe.
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Sallyport Commercial Finance Provides $1.5 Million to Floral Business
October 7, 2024Sallyport Commercial Finance is excited to announce the successful funding of a $1.5 million accounts receivable facility for a supplier in the floral industry. Specializing in salal, a key component in wreaths and floral bouquets, the company sought funding to manage the seasonal nature of their business, with over half of their sales occurring within a two-month period starting in October.
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Southland Announces Closing of $160 Million Senior Secured Credit Facility
October 7, 2024Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced the closing of a new $160.0 million senior secured term loan facility with Callodine Commercial Finance, LLC.
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Year-to-Date Commercial Chapter 11 Filings Increased 33 Percent Compared to Same Period Last Year
October 7, 2024The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include: A $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania; $400,000 factoring facility for a transportation company in Ontario.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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CIBC Innovation Banking Provides Growth Capital to Booksy
October 3, 2024-CIBC Innovation Banking announced today that it has provided growth capital to Booksy, a mobile-first booking platform that connects beauty, wellness and health professionals with local customers, powering hundreds of millions of appointments each year. The company will use the financing to accelerate new customer acquisition, marketplace expansion, and platform enhancements.
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The Secured Lender
SFNet's 80th Annual Convention Issue