- Hedgeweek Names CohnReznick 2024 Best Audit Firm: Overall
- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- Market Sizing & Impact Study
- Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
- Generate Capital Secures $1.2 Billion Corporate Credit Facilities to Drive Sustainable Infrastructure Growth
TSL Express Daily Articles & News
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Daniel Karas Joins nFusion Capital as EVP of Asset Based Lending
nFusion Capital announced that Daniel J. Karas has joined their team as EVP of Asset Based Lending. Dan is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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The State of Asset-Based Lending in Q1 2024: A Comprehensive Analysis
The first quarter of 2024 presented a complex landscape for asset-based lending (ABL) and the broader economic context. According to the SFNet Q1 2024 Asset-Based Lending and Confidence Index surveys, the ABL industry exhibited both stability and cautious optimism despite the economic headwinds.
TSL Express Daily Headlines & News
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Fifth Third Announces Corporate & Investment Banking Structure
October 3, 2024Fifth Third Bank is pleased to announce a new structure within its Commercial Bank that builds upon the organization’s successes and continues to position the firm for the future.
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Main Street Announces Amendment of its SPV Credit Facility
October 3, 2024Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC ("MSCC Funding"), recently amended its special purpose vehicle revolving credit facility (the "SPV Facility"). The recently closed amendment provides an increase in total commitments from $430.0 million to $600.0 million, while maintaining an expanded accordion feature that allows for an increase up to $800.0 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments
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Lafayette Square Announces ING's Expanded Commitment to Revolving Credit Facility
October 3, 2024Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year. EverBank, N.A. ("EverBank") and First Citizens Bank ("First Citizens") will provide additional commitments which will increase the existing facility from $75 million to $150 million.
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Dykema’s Lansing Office Adds Government Policy Advisor Bel Martin
October 3, 2024Dykema, a leading national law firm, today announced the addition of Bel Martin as a Government Policy Advisor in the firm’s Lansing office. Martin joins Dykema after nearly three years with Ascension Health as State Policy and Advocacy Manager. Prior to that, she spent five years on the staffs of various Michigan State Senators and Representatives.
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eCapital Factoring Division Reports Over $205 Million in YTD Funding, Anticipates Continued Growth
October 3, 2024eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing to SMBs in North America and the U.K., reports strong progress in its Factoring division, surpassing $205 million in funding commitments year-to-date. This benchmark reflects eCapital’s ability to provide essential capital to clients across a wide range of industries to support their business needs.
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Gordon Brothers Welcomes Julie Dobler as Director, North America Real Estate Services
October 3, 2024Gordon Brothers, the global asset experts, has welcomed Julie Dobler as Director, North America Real Estate Services. In this role, Dobler supports Real Estate Services’ daily operations and helps implement streamlined processes, procedures and methodologies to enhance the operational platform.
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Portage Point Partners Announces Strategic Growth Investment from New Mountain Capital
October 3, 2024Portage Point Partners ("Portage Point"), a business advisory, interim management and investment banking firm serving middle market stakeholders, is pleased to announce a strategic minority growth investment from New Mountain Capital ("New Mountain"), a leading growth-oriented investment firm with over $55 billion in assets under management.
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Banc of California Hires Ken McMullen as Executive Vice President and Treasurer
October 3, 2024Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California’s Chief Financial Officer.
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Emergent BioSolutions Announces Closing of $100 Million Asset-Backed Loan Facility
October 3, 2024Emergent BioSolutions Inc. (NYSE: EBS) announced today that it entered into a new credit agreement on September 30, 2024 providing for an asset-based revolving loan facility (ABL) with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.
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Haynes Boone Advises Satcom Direct on Sale to Gogo Inc. for up to $600M
October 3, 2024Haynes and Boone, LLP advised Satcom Direct in connection with its sale to Gogo Inc. (NASDAQ: GOGO). The transaction includes $375 million in cash and five million shares of Gogo stock. Satcom Direct could also receive up to an additional $225 million based on performance milestones through 2028.
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Kimberly Dudek Named New Chair of Honigman’s Corporate Department
October 2, 2024Honigman announced that Kimberly (Kim) Dudek will succeed Donald (Don) Kunz as Chair of the Corporate Department, stepping up from her prior role as Vice Chair. Don, who served as Chair for 20 years, will continue as a partner in the Corporate Department, advising clients on corporate finance and governance matters while serving on the firm’s Attorney Compensation Committee and as Chair of the Operating Committee.
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Barclay Damon Welcomes 10 Attorneys From Burns & Levinson, Including the Third IP Group This Year
October 2, 2024Barclay Damon announces the addition of 10 lawyers from Burns & Levinson, effective October 7. The group consists of a six-lawyer intellectual property team led by former B&L IP chair Deb Peckham that includes partners Kate Noll and Alex Smolenski, of counsel Jerry Cohen, and associates Dan McGrath and Kat Delos Reyes, along with several support staff.
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Peregrine Closes on Debt Financing from KKR
October 2, 2024Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale energy storage, and KKR, a leading global investment firm, today announced that Peregrine has closed on a credit facility from insurance accounts managed by KKR that can provide financing for up to $250 million in assets.
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Powin Secures $200 Million in Debt Capital From KKR to Bolster Growth and Innovation in Energy Storage
October 2, 2024Powin, a global leader in battery energy storage solutions, announced today that it has successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm. The facility will be instrumental in supporting Powin’s working capital needs, driving continued innovation, and further enhancing the company’s financial flexibility as it expands its leadership position in the storage industry.
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James Mandolfo Joins Cahill’s Washington, D.C. Office as Congressional Investigations and White Collar Counsel
October 2, 2024Cahill Gordon & Reindel LLP announced today that James Mandolfo has joined the firm’s Congressional Investigations and White Collar Defense & Investigations practices as a counsel in Washington, D.C.
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Six Sawmills and Veneer Mills Close as Besse Forest Products Group Shuts Down Operations in Wisconsin and Michigan
October 2, 2024Besse Forest Products Group, a longtime leader in Northern hardwood veneer, lumber, and specialty plywood manufacturing, has officially closed six of its green lumber sawmills and veneer mills in Wisconsin and Michigan. The closures mark a significant shift for the forest products industry in the Midwest, as the assets from these facilities are now up for sale.
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Tiger Finance Posts Strong Lending Growth in the Third Quarter
October 2, 2024Tiger Finance’s lending platform committed $125 million of capital in the third quarter to support clients’ strategic growth initiatives across various business sectors.
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Monarch Alternative Capital Raises Over $4.7 Billion for Sixth Opportunistic Credit Fund
October 2, 2024Monarch Alternative Capital LP, a leading opportunistic credit and real estate investment firm, announced today the successful final close of Monarch Capital Partners VI ("MCP VI").
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Blue Owl Capital Completes Acquisition of Atalaya Capital Management’s Business
October 2, 2024Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today the completion of its acquisition of the business of alternative credit manager, Atalaya Capital Management LP (“Atalaya”). The acquisition was previously announced in July of 2024.
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Lafayette Square Announces ING's Expanded Commitment to Revolving Credit Facility
October 2, 2024Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year. EverBank, N.A. ("EverBank") and First Citizens Bank ("First Citizens") will provide additional commitments which will increase the existing facility from $75 million to $150 million.
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The Secured Lender
SFNet's 80th Annual Convention Issue