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TSL Express Daily Articles & News

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Oaktree Launches Oaktree Lending Partners to Pursue Opportunities in Sponsor-Backed Lending

Oaktree Capital Management, L.P. has announced the launch of private credit-focused Oaktree Lending Partners and its related vehicles (OLP). OLP is targeting $10 billion in equity commitments from institutional investors.

OLP will seek to originate senior secured loans of $500 million or more to private equity-owned U.S. companies, typically with over $100 million in EBITDA. 

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AndreaBeirne2021_150
Interview with Andrea Pipitone Beirne, Member of SFNet’s Diversity, Equity & Inclusiveness Committee

Andrea Pipitone Beirne is a partner at KPMG in the Deal Advisory and Strategy in Chicago.  She specializes in due diligence for lenders related to asset-based and asset-backed transactions.   Prior to joining KPMG, Andrea was at Arthur Andersen where she was in the Audit and Advisory groups.    Andrea works on international and domestic deals in a number of industries, such as manufacturing, distribution, retail, services, technology and healthcare.  Her experience, background and team that has been built over her 28-year career in consulting has made her a trusted business advisor to many financial institutions.  Andrea graduated from DePaul University with a Bachelor of Science in Accountancy. 

TSL Express Daily Headlines & News

  • US-Based Beverage Company Seizes Growth Opportunity with Prestige Capital's Invoice Financing
    July 13, 2023
    A US-based beverage company's bank no longer supported the client when their inventory needs grew beyond the bank’s lending formula. An asset-based lender who offers inventory, purchase order financing, as well as invoice financing came to an agreement with the client on a replacement facility.
  • J D Factors Announces new Factoring Facilities
    July 13, 2023
    Some of these facilities include: A 1,500,000 factoring facility for a transportation company in Illinois. A $600,000 factoring facility for a transportation company in North Dakota. A $350,000 factoring facility for a transportation company in Alberta.
  • J D Factors Announces new Factoring Facilities
    July 13, 2023
    J D Factors provided $10,275,000 in new factoring facilities to 29 new clients in the US and Canada during the month of June.
  • J D Factors Announces new Factoring Facilities
    July 13, 2023
    J D Factors provided $10,275,000 in new factoring facilities to 29 new clients in the US and Canada during the month of June. Some of these facilities include: A $300,000 factoring facility for a transportation company in California. A $500,000 factoring facility for a transportation company in Nevada.
  • J D Factors Announces new Factoring Facilities
    July 13, 2023
    J D Factors provided $10,275,000 in new factoring facilities to 29 new clients in the US and Canada during the month of June. Some of these facilities include: A $300,000 factoring facility for a transportation company in California. A $500,000 factoring facility for a transportation company in Nevada.
  • nFusion Capital Provides $20 Million to Fund Growth
    July 13, 2023
    A leading innovator and provider of services & solutions for intelligent transportation systems in North America, this company is one of the top four companies in their space in the U.S., and its parent is one of the top three players in Europe.
  • JPMorgan Provides Skydance With New $1 Billion Credit Facility
    July 12, 2023
    David Ellison’s Skydance Media has closed a new five-year, $1 billion credit facility led by J.P. Morgan, Skydance CFO & EVP of Business Operations, Larry Wasserman and Head of Entertainment Industries for J.P. Morgan’s Corporate Client Banking Group, David Shaheen, announced on Tuesday.
  • CIBC Innovation Banking Provides $7 Million in Growth Capital Financing to Bridgit
    July 12, 2023
    CIBC Innovation Banking announced today that it has provided an extension to its existing growth capital financing to construction-software company, Bridgit. Bridgit's workforce planning and optimization platform transforms workforce data into actionable insights, allowing contractors to bid on and staff projects with information at their fingertips.
  • First Citizens Bank Provides $42 Million for Development of New Studio Facilities in Yonkers, NY
    July 12, 2023
    First Citizens Bank today announced that its Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, a new entertainment production facility 100% pre-leased to MediaPro Studios, located in Yonkers, New York.
  • Agility Provides Financing to SafeTraces
    July 12, 2023
    Agility Capital, an innovative lending company, announces that the firm completed a recent financing of SafeTraces, the global leader in sustainable indoor air quality testing that actively measures pathogen risk. Agility acted as the sole lender in this financing.
  • Wintrust Business Credit Expands Great Lakes Footprint
    July 12, 2023
    Wintrust Business Credit (WBC), a subsidiary of Wintrust (NASDAQ: WTFC), today announced the addition of Joe Panico as Senior Vice President- Business Development, growing WBC's footprint in the Great Lakes Region, as part of the group's expansion into new strategic markets.
  • Aspen Power Completes Initial Closing on Credit Facilities Totaling $90 Million with Top Global Financial Institutions
    July 12, 2023
    Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, today announced that it completed the initial closing on a $70 million credit facility with J.P. Morgan and a $20 million equipment supply loan with First Citizens Bank.
  • Pilot Wave Holdings Receives $6MM Credit Facility from Aequum Capital
    July 12, 2023
    Pilot Wave Holdings ("Pilot Wave"), the world's leading technology-focused acquisition and growth firm, has closed on a $6MM credit facility with Aequum Capital, which will provide working capital to support continued growth and acquisitions of additional portfolio companies.
  • SVB Capital Veteran John China Joins JPMorgan Innovation Economy
    July 12, 2023
    China will serve alongside Melissa Smith as co-head of IE for Commercial Banking (CB), J.P. Morgan said in a Tuesday (July 11) press release emailed to PYMNTS. Smith is continuing her dual role as co-head of IE and head of specialized industries for CB, according to the release.
  • Peoples Bancorp Inc. Announces Planned Retirement of Chuck Sulerzyski and Election of Tyler Wilcox as Next CEO
    July 12, 2023
    Peoples Bancorp Inc. today announced that Chuck Sulerzyski, 66, has notified Peoples of his intention to retire as President and Chief Executive Officer ("CEO") of each of Peoples and Peoples' banking subsidiary, Peoples Bank, effective March 31, 2024. Peoples also announced today that Tyler Wilcox, 44, will become the next President and CEO of each of Peoples and Peoples Bank, and will be elected as a director of each of Peoples and Peoples Bank.
  • Seadrill Limited (SDRL) Announces Offering of $450 Million Senior Secured Second Lien Notes and Concurrent Entry into New Revolving Credit Facility
    July 11, 2023
    Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) announced today that, subject to market conditions, it intends to offer (the "Offering") for sale to eligible purchasers in an offering under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $450 million in aggregate principal amount of senior secured second lien notes (the "Notes") to be issued by Seadrill Finance Limited
  • Wells Fargo Promotes Dawson Her Many Horses, Head of Native American banking, to MD
    July 11, 2023
    Her Many Horses, a member of the Rosebud Sioux Tribe of South Dakota, is one of the first enrolled tribal members to be named managing director at a major US bank, Wells Fargo said in a statement Monday. He is a member of the Commercial Banking Diverse Segments team and co-chairs the Wells Fargo National Unbanked Advisory Task Force.
  • J.P. Morgan Accelerates Growth Strategy for Its Global Innovation Economy Business with Key Hires and Expanded Capabilities
    July 11, 2023
    As a part of its ongoing commitment to the Innovation Economy (IE), J.P. Morgan announced today that John China will join the firm as Co-Head of IE for Commercial Banking (CB). Based in San Francisco, China will serve alongside New York-based Melissa Smith, who is continuing her dual role as Co-Head of IE and Head of Specialized Industries for CB.
  • B. Riley Securities Serves as Exclusive Financial Advisor to SMG Industries in its Recapitalization and Acquisition of Barnhart Transportation
    July 11, 2023
    B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to SMG Industries, Inc. in connection with its acquisition of Barnhart Transportation, an established logistics and transportation solution provider based in Pennsylvania.
  • Great Rock Capital Closes $23.8 Million Term Loan Facility with Madison-Kipp Corporation
    July 11, 2023
    Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $23.8 million senior secured term loan facility with Madison-Kipp Corporation ("Madison-Kipp" or the "Company"), a company owned by PineBridge Investments and other investors.

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