- Pathward Lends $15 Million to Transportation Parts Distributor to Provide Working Capital
- Siena Lending Group and Great Rock Capital Increase and Extend $130MM Senior Credit Facility to SkyWater Technology
- Sound Point Provides Financing to Support the Acquisition of BNP Associates
- Amerisource Business Capital Closes a $3,500,000 Working Capital Facility for Industrial Coatings Firm
- Summit Broadband Secures Additional $100 Million for Florida Expansion
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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White Oak Commercial Finance Hires Matthew DeBernardo and Blake Voyles to Bolster Middle Market Origination and Underwriting
White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced the hiring of two new executives: Matthew DeBernardo as Managing Director of Originations, and Blake Voyles as Head of Lower Middle Market Underwriting.
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Public Data in Cross-Border Lending
Data and precedent play a key role in your ability to structure, negotiate and document lending transactions. In cross-border deals, access to this data is especially essential and can be more challenging to locate. Laura Jakubowski of Goldberg Kohn provides the information you need to arm yourself with vital information.
TSL Express Daily Headlines & News
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Delta Apparel Faces Chapter 11 Bankruptcy Challenges
November 6, 2024Delta Apparel has filed for Chapter 11 bankruptcy protection in the District of Delaware court. The news was announced following several challenges the apparel supplier faced over the course of the last several months, including the closure of its DTG2Go business and the departure of several key executives.
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Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 6, 2024Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed an amendment to its existing senior secured credit facility.
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Wrena, LLC Announces Chapter 11 Bankruptcy Sale Process Under Section 363
November 6, 2024Wrena, LLC ("the Company"), a full-service supplier of stamped metal products to the automotive industry, has announced a sale process under Chapter 11, Section 363 of the U.S. Bankruptcy Code.
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Arch Capital Expands Credit Facility by $170 Million
November 5, 2024Arch Capital Group Ltd. (NASDAQ:ACGL), a Bermuda-based insurer, has increased its letter of credit facility by $170 million, according to a recent SEC filing. The amendment to the credit agreement, executed on October 30, 2024, with Lloyds (LON:LLOY) Bank Corporate Markets plc, raises the available credit to $700 million.
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eCapital Announces Upsizing of its ABL Facility to $987 Million, Strengthening Position and Supporting Strategic Growth
November 5, 2024eCapital Corp. (“eCapital”), a tech-enabled leader in financing solutions for small and medium-sized businesses (SMBs) across North America and the U.K., announced today the successful upsizing of its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million
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SLR Equipment Finance Expands its Financial Management Capabilities and Announces That Shila Ray has Joined
November 5, 2024SLR Equipment Finance (‘SLR EQF’) is pleased to announce Shila Ray has joined our company as Chief Financial Officer. In his position, Shila will play a key role in leading the Finance Team and in shaping portfolio strategies, undertaking investment/financing decisions and communicating with financial institutions/stakeholders.
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RA Capital Funding LLC Extends 2M Line of Credit to Black Car Biz
November 5, 2024RA Capital Funding LLC, a finance lender that specializes in asset-based lending and factoring in multiple industries, has closed on a $2 million credit facility with a northeast tri-state black car service company. The financing will be used for working capital and to foster expansion.
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Republic Business Credit and Change Capital Provide $17 Million in Financing to Southeast-Based Outdoor Apparel Manufacturer
November 5, 2024An outdoor apparel manufacturer approached Republic Business Credit for an asset-based loan when its existing senior lender could no longer support the company’s accelerated growth. Republic was able to provide a $15,000,000 asset-based loan and partnered with Change Capital to secure an additional $2,000,000 junior debt facility.
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Phoenix IB Advises Spray Products in Successful $40 Million Refinancing
November 5, 2024Phoenix IB®, a part of J.S. Held, a leading middle market special situations investment bank and independent licensed broker-dealer under federal and state securities law (CRD#: 132710/SEC#: 8-66628), acted as the exclusive investment banker to its long-term client, Spray Products Corporation, in arranging, structuring, and negotiating a $40 million loan package with Legacy Corporate Lending.
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B. Riley Securities Serves as Sole Placement Agent to Cadiz, Inc. in $23 Million Registered Direct Offering
November 5, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have acted as the sole placement agent to Cadiz, Inc. (NASDAQ: CDZI/CDZIP) in the $23 million direct offering of their common stock.
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Eclipse Business Capital Provides $100 Million Senior Secured Credit Facility to Specialty Chemical Manufacturer
November 5, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $100 million senior secured credit facility to a specialty chemical manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity to support ongoing working capital and letter of credit needs.
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Truist Hires Kerry Jessani to Lead new Mid-Corporate Banking Team
November 5, 2024Truist Financial Corporation (NYSE: TFC) today announced it has hired Kerry Jessani as head of mid-corporate banking. Jessani will build and lead a coverage team focused on delivering industry-based expertise and solutions to private and public companies across the U.S.
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SLR Credit Solutions Agents Senior Credit Facility For Eclipse RTO
November 5, 2024SLR Credit Solutions (“SLR CS”) announced the closing of a Senior Credit Facility comprised of a term loan and revolver for Eclipse RTO (“Eclipse” or the “Company”), a leading rent-to-own operator specializing in furniture, appliances, and electronics. Eclipse is a portfolio company of CMG Companies (“CMG” or the “Sponsor”).
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Willis Lease Finance Corporation Announces New Revolving Credit Facility
November 5, 2024Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported that on October 31, 2024, the Company entered into a new, $1.0 billion, five-year, revolving credit facility (the “Credit Agreement”) among WLFC, certain wholly-owned subsidiaries of WLFC, as guarantors, the lenders party thereto from time to time (the “Lenders”), and Bank of America, N.A., as administrative agent, collateral agent, swing line lender, and letter of credit issuer.
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Flow Beverage Corp. Closes $4.1 Million Secured Term Loan
November 4, 2024Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) today announced that it has obtained a secured term loan of CAD$4.1 million (the “Loan”) from RI Flow LLC (“RI Flow”). RI Flow is affiliated with NFS Leasing Canada Ltd. (“NFS Canada”), an existing lender to Flow, and its founder Clifford L. Rucker.
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VIQ Solutions Announces Term Loan and Fourth Amendment to Credit Facility
November 4, 2024VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announcesthat it has entered into a US$1,500,000 term loan (the “Term Loan”) with Beedie Investments Ltd. (the “Lender”).
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Chicago Atlantic Closes $30 Million Senior Secured Credit Facility to Deep Roots Harvest
November 4, 2024Chicago Atlantic Admin, LLC (“Chicago Atlantic”) announced that it acted as administrative agent on the funding of a $30 million senior secured credit facility for Deep Roots Holdings (“Deep Roots Harvest”), a vertically integrated operator in Nevada with five open dispensaries, one dispensary planned to open in December 2024 and a standalone cultivation and processing facility.
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Agrovision Secures $400 Million Credit Facility to Drive Global Expansion
November 4, 2024Agrovision Corp., the technology driven global superfruit platform, today announced the closing of senior secured credit facilities in an aggregate amount of $400 million. Proceeds from the financing, which includes an initial $230 million five-year term loan and a $150 million three-year revolving credit line, will be used to repay outstanding borrowings under the Company’s existing $210 million credit facility and short term credit lines.
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Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 4, 2024Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed an amendment to its existing senior secured credit facility. This amendment extends the maturity dates for its senior secured credit facility to five years for revolving loans and six years for term loans from the effective date, removes the springing maturity date provisions with respect to the Company’s senior notes and provides additional flexibility for the Company.
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Primergy Announces $225 Million in Corporate and Project Financing for its Valley of Fire Portfolio
November 4, 2024Primergy Solar, LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and energy storage, announced the closing of $225 million in project financing for its Valley of Fire (VoF) portfolio. The financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank for the continued development of the other VoF projects.
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The Secured Lender
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