- Cerebro Capital Facilitates Over $90MM in Financings for 10 Companies
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Generate Capital Secures $1.2 Billion Corporate Credit Facilities to Drive Sustainable Infrastructure Growth
- Preeminent Restructuring Partners to Join Latham & Watkins in New York
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
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Great Rock Capital Agents $90 Million Term Loan with Astronics Corporation
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the January 19, 2023, closing of a $90 million senior secured term loan facility with Astronics Corporation (“Astronics”), an aerospace electronics corporation that provides advanced technologies to the world’s aerospace, defense, and other mission critical industries. Astronics (Nasdaq: ATRO) is a publicly traded company on the Nasdaq stock exchange.
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An Interview with Andrea Petro, Board Member of Ready Capital Corporation and Consultant to Waterfall Asset Management
In this installment of our series of executive interviews, Charlie Perer sits with Andrea Petro to talk about her new role as Board Member at Ready Capital, and to share her advice to ABL managers about consolidation, competition and the current state of the market.
TSL Express Daily Headlines & News
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Clifford Chance names Ness Cohen as New York Office Managing Partner
June 16, 2023Cohen joined the firm in 1998 and was promoted to partner in 2007. He is Regional Practice Area Leader of the Americas Real Estate practice and Chair of the Americas Personnel Committee. His practice focuses on real estate private equity and joint ventures as well as acquisitions, dispositions and financings involving real estate.
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CIBC Innovation Banking Leads $60 Million Syndicated Debt Financing Solution for Bloomerang, LLC
June 16, 2023CIBC Innovation Banking is pleased to announce the lead arrangement of a $60 million syndicated debt financing commitment for Indianapolis-based Bloomerang, LLC (Bloomerang), a complete donor relationship management solution for thousands of small and medium-sized nonprofits.
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NMEF Wins Prestigious GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A Equipment Loan Securitization
June 16, 2023NMEF, a leading independent commercial equipment lender located in Norwalk, Connecticut, announced that the company won the prestigious GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. The company accepted its award at a gala industry dinner in New York City at the Metropolitan Club.
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First Business Bank’s Asset-Based Lending Group Funds $7 Million Credit Facility
June 16, 2023Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $7 million revolving line of credit, equipment term loan, and real estate term loan for a tempered glass product manufacturer in Tennessee.
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Airwavz Solutions Secures Major Credit Facility Expansion in Partnership with AB-PCI, Fueling Rapid Growth
June 16, 2023Airwavz Solutions, Inc., the market's leading provider of smart building wireless infrastructure, today announced it has closed a transaction to significantly upsize its existing credit facility with AB Private Credit Investors ("AB-PCI"), the middle market direct lending platform of AllianceBernstein.
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Cambridge Savings Bank Strengthens Focus on Digital Experience with the Addition of Tony Macchi as Head of Digital
June 16, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announces the appointment of Tony Macchi to the role of Senior Vice President, Digital and Products.
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Morgan Lewis Advises on AirFinance Journal Revolving Credit Facility Deal Of The Year
June 14, 2023A transaction in which Morgan Lewis lawyers represented ACIA Aero Leasing has been named the Revolving Credit Facility Deal of the Year for 2022 at the AirFinance Journal Awards, which recognize outstanding work on aviation finance transactions.
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Association of Insolvency and Restructuring Advisors Announces CIRA Certification Award Winners
June 14, 2023In 1992, the AIRA established the Certified Insolvency and Restructuring Advisor (CIRA) program to recognize by public awareness and certification those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities.
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Big Shoulders Capital Affiliate Acquires Assets of Design Molded Plastics, Saving 50 Manufacturing Jobs in Ohio
June 14, 2023Big Shoulders Capital affiliate completed the asset purchase of Design Molded Plastics, a 40-year-old custom plastic injection molding business in Macedonia, Ohio. Big Shoulders previously invested in another Ohio injection molder and mold builder, DRS Industrial, LLC in 2020.
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Gridiron Capital Adds Investment Professionals
June 14, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Ben Warren and Jack Rutter to the firm as Associates. Throughout the year, Gridiron has continued to bolster its team to add value and enhance its Winning Together culture.
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Access Capital, Inc. Announces Brian Sheehy as Vice President, Business Development Officer
June 14, 2023The Business Development team of Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently added Brian Sheehy to its Business Development team as its Vice President reporting to Raphael Torres, Head of Business Development.
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Companies Turning to Alternative Financing Sources as Banks Apply Increased Pressure, According to Carl Marks Advisors Survey
June 14, 2023Traditional bank lenders are applying more pressure to borrowers and showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors, a leading investment bank.
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Augmedix Extends Term Loan Facility and Finalizes Terms for Equity Line of Credit
June 14, 2023Augmedix (Nasdaq: AUGX), a healthcare technology company that delivers industry-leading ambient medical documentation, today announced that it has amended its existing senior secured term loan facility with Silicon Valley Bank (“SVB”), a division of First Citizens Bank, which may extend the interest only period by as long as 18 months from January 2024 to July 2025, and finalized terms on its previously disclosed equity line of credit with Redmile Group, LLC (“Redmile”).
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Alvarez & Marsal Appoints Tiffany Brown as a Managing Director and North American Solution Leader for CFO Services
June 14, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Atlanta-based Tiffany Brown as a Managing Director and the North American Solution Leader for the CFO Services practice within the firm’s Corporate Performance Improvement (CPI) division.
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BHI Provides $6 Million Loan to Refinance South Beach’s Casa Victoria Orchid Hotel
June 14, 2023BHI, a full-service commercial bank, announced that it has provided a $6 million loan to refinance 1444 Drexel Avenue, Miami Beach, Florida. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic improvements and upgrades.
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PesoRama Inc. Announces $20 Million Senior Secured Credit Facility for Expansion
June 13, 2023PesoRama Inc. (TSXV: PESO) (OTCQB: PSSOF) ("PesoRama" or the "Company") is pleased to announce that, today, it has entered into a binding senior secured revolving credit facility (the "Loan Agreement") for up to $20M (the "Loan") with Third Eye Capital Corporation (the "Agent") on behalf of certain lenders (the "Lenders").
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Interactive Strength Inc. Secures $15M Credit Facility to Support Increased Demand
June 13, 2023Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), maker of premium smart home gyms and provider of virtual personal training services, announces that on June 6th the Company signed a note purchase agreement to issue senior secured notes (the "Notes") with gross proceeds to the Company of up to $15.0 million.
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Associated Bank Announces Shawn McCutcheon as Community Market President in the St. Louis and Metro East Market
June 13, 2023Shawn McCutcheon has joined Associated Bank as community market president for the St. Louis and Metro East market. He is responsible for the commercial, private and retail banking operations for Associated Bank's Southern IL and Missouri markets.
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Great Rock Capital Upsizes Leverage Facility
June 13, 2023The leverage facility agented by KeyBank provides over $450MM of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank, and Synovus Financial Corp.
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FGI Risk Grows Business Development Team with Addition of Rick Perea
June 13, 2023FGI Worldwide LLC (www.FGIWW.com) (“FGI”), has announced the hiring of Rick Perea as Director, FGI Risk. Based out of the Boca Raton office, Mr. Perea is responsible for originating new business opportunities for FGI’s credit insurance brokerage and risk advisory division by cultivating relationships throughout the Southeast marketplace.
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The Secured Lender
SFNet's 80th Annual Convention Issue