- Red Lobster Creditors to Weigh Bid for Assets in Chapter 11
- First Citizens Bank Serves as Sole Bookrunner and Co-Lead Arranger on $150 Million in Financing for Battery Energy Storage Projects
- Pathward Lends $3 Million to Baking Products and Packaging Manufacturer to Provide Working Capital
- Stonebriar Finance Holding LLC Completes Significant Increases to its Primary Credit Facilities
- Creative Realities to Restructure Debt Through Revolving Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Featured
PNC Appoints Michael P. Lyons President
The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.
TSL Express Trending Story
Featured
Perfection of Security Interests in Electronic Bills of Lading Under the UCC
In an increasingly paperless world, electronic bills of lading are garnering attention as an industry choice for cross-border commercial and shipping transactions. This article provides an overview of the legal framework prescribed by Articles 7 and 9 of the Uniform Commercial Code for a secured lender seeking to perfect its security interest in electronic bills of lading.
TSL Express Daily Headlines & News
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CIBC Innovation Banking Provides Growth Capital Financing to CertifID
April 4, 2024CIBC Innovation Banking announced today that it has provided growth financing for wire fraud protection company CertifID, which will use the financing to further expand its portfolio of wire fraud prevention services.
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OHA is a Joint Lead Arranger of the Private Unitranche Financing for HGGC’s Acquisition of Rimkus Consulting Group
April 4, 2024Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger for the private financing supporting the acquisition of Rimkus Consulting Group (“Rimkus”) by HGGC. Rimkus is a leading provider of mission-critical engineering and technical consulting services to clients worldwide.
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Kinetik Executes New Accounts Receivable Securitization Facility
April 4, 2024Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that one of its subsidiaries has entered into an agreement with PNC Bank, National Association for a $150 million accounts receivable securitization facility (“A/R Facility”) which matures April 2025 with an ongoing renewal mechanism.
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Finance Lawyer John Ryan Joins King & Spalding as Partner in New York
April 4, 2024King & Spalding announced today that John Ryan has joined the firm as a partner in its Finance and Restructuring practice group. Ryan is based in the firm’s New York office.
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Greenberg Traurig's Homin Lee Recognized as Banking and Finance Visionary
April 4, 2024Homin Lee, shareholder of global law firm Greenberg Traurig, LLP, was named a 2024 Banking and Finance Visionary by the Los Angeles Times B2B brand publishing team.
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Singing Machine Secures $2 Million Senior Credit Facility
April 3, 2024The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank.
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Salona Global Announces Expansion of Bank Line
April 3, 2024Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the “Company”) (TSXV:SGMD) today announced the expansion of its bank line. On September 12, 2023, an operating subsidiary of the Company, Biodex Medical Systems, Inc. (the “Borrower”), entered into a Master Credit and Security Agreement and related Schedule (the "Agreement") with Pathward, National Association (the “Lender”)
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SLR Business Credit Closes $500,000 Credit Facility for BeYou Cosmetics
April 3, 2024SLR Business Credit announces the funding of a $500,000 accounts receivable credit facility for BeYou Cosmetics, a manufacturer of natural skincare products.
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Armory Securities, LLC Announces that Vivos Holdings, LLC Secured $325 Million of New Financing
April 3, 2024Armory Securities, LLC is pleased to announce that Vivos Holdings, LLC, a subsidiary of Emprise Group, Inc. (formerly Vi-Jon Holding, Inc.), has secured $325 million of new financing, the proceeds of which were used to refinance existing indebtedness of Emprise Group.
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Alvarez & Marsal’s Global Transaction Advisory Group Scales for Ongoing Growth With Executive Office Appointments
April 3, 2024Leading global professional services firm Alvarez & Marsal’s Global Transaction Advisory Group (Global TAG) announces the establishment of an Executive Office, marking a significant period along its historically remarkable growth trajectory.
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Flatbay Capital Lends $750,000 to Trucking Company
April 3, 2024Flatbay Capital lends $750,000 to a Houston-based trucking company, secured by 10 acres of commercial land to be used as their future headquarters.
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Cambridge Savings Bank Supports the Expansion of Fair Haven Community Health Care with Loans Totaling Over $26 Million
April 3, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Corporate Banking team has provided Fair Haven Community Health Care (Fair Haven CHC) with a combined $26.1 million in loans to support its expansion.
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Tiger Finance Posts Strong Lending-Platform Growth in Q1 2024
April 3, 2024Tiger Finance's lending platform continued to grow in the first quarter ended March 31, providing $102 million in financing to retail and other borrowers across North America.
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Brightwood Capital Advisors Closed Second Largest Middle Market CLO of 2024 at $707 Million
April 3, 2024Brightwood Capital Advisors, LLC, a private credit firm, announced that it has closed Brightwood Capital MM CLO 2024-2 Ltd., a $707 million collateralized loan obligation (“CLO”). This CLO represents the second largest new issue middle-market CLO this year, bringing the firm’s year-to-date issuance to $862 million and positioning Brightwood as one of the top three largest middle-market issuers year-to-date, representing over 10% of total middle-market issuance.
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Business Leaders Are Embracing Private Equity Partners, Citizens Survey Finds
April 3, 2024Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal.
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HawkEye 360 Secures $40 Million Debt Commitment
April 3, 2024HawkEye 360, a leading provider of space-based RF data and analytics, announced it had secured $40 million in debt financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, to further its mission of delivering advanced geospatial capabilities.
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Bankruptcy Filings Increase Across All Chapters in First Quarter 2024
April 3, 2024New bankruptcy filings during the first calendar quarter of 2024 (Jan. 1 through March 31) registered year-over-year increases across all U.S. major filing categories, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
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U.S. Bank, Levantor Capital Team up to Expand Working Capital Financing Options
April 3, 2024U.S. Bank offers a wide range of risk management and financing solutions to help firms improve their working capital along supply chains. In recent years, firms’ working capital needs have expanded in order to manage growing supplier networks across multiple jurisdictions, improve supplier resiliency and sales efficiencies. To continue to add to its working capital toolkit for businesses, U.S. Bank will now provide its clients Levantor’s sales finance solutions.
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Valley Bank’s New York City Commercial Banking Team Closes $150 Million Syndicated Credit Facility to a Premier New York-Based Finance Company
April 3, 2024Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that their New York City Commercial Banking Team closed a $150 million senior revolving credit facility for a premier New York -based finance company.
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AGL Credit Management Announces the Launch of AGL Private Credit Platform and Exclusive Cooperation Agreement with Barclays
April 3, 2024AGL Credit Management LP (“AGL” or the “Company”), a premier investment manager specializing solely on corporate credit strategies, and Barclays Plc (“Barclays”), a global Investment Bank, today announced an exclusive Cooperation Agreement and the launch of a new private credit investment platform, AGL Private Credit ("AGL PC").
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The Secured Lender
SFNet's The Women in Secured Finance Issue