- Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs
- Market Sizing & Impact Study
- Secured Lending Confidence Index
- nFusion Capital Provides $2.5 Million Line of Credit Kitu Life, Inc.
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
TSL Express Daily Articles & News
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Eclipse Business Capital Provides $125MM Dip Revolving Credit Facility
Eclipse Business Capital LLC (“EBC”) announced that it has financed a $125 million senior secured debtor-in-possession (“DIP”) revolving credit facility to a mattress manufacturer.
The credit facility is secured by accounts receivable and inventory. The transaction facilitates a restructuring with existing lenders to de-lever and provide runway for a long-term business plan execution.
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Nneoma Maduike, member of SFNet’s Diversity, Equity & Inclusiveness Committee interviews Anthony C. Hood, PhD, executive vice president and chief diversity, equity and inclusion officer of First Horizon National Corp. Dr. Hood is responsible for cultivating and expanding First Horizon’s strategic leadership in developing and implementing programs and initiatives that advance the Company’s Diversity, Equity and Inclusion (DEI) efforts.
TSL Express Daily Headlines & News
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Genesis Electronics Group Announces Execution of Credit Facility with 40 Brightwater
May 30, 2023Genesis Electronics Group, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glīd, announced that it has executed loan agreements for a credit facility with 40 Brightwater, LLC, to borrow up to $750,000.
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RecNation Announces the Largest Dedicated Debt Facility for RV & Boat Storage in the Country
May 30, 2023The facility which was led by Truist Securities was expanded and upsized to include seven additional banks including: Goldman Sachs, Morgan Stanley, RBC Bank, Raymond James, Key Bank, TBK Bank as well as Citizens Bank.
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WesBanco Bank Appoints David Klick as Upper Ohio Valley Market President
May 30, 2023WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has promoted David Klick to the role of Upper Ohio Valley (UOV) Market President and Senior Commercial Banker.
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FuelCell Energy Secures $87MM in Project Financing
May 30, 2023The multi-bank term facility includes Investec Bank plc as Coordinating Lead Arranger and Sole Bookrunner, Bank of Montreal as Mandated Lead Arranger, together with Liberty Bank as Depositary Agent and Lender along with Connecticut Green Bank and Amalgamated Bank as lenders.
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Sabre Corporation Announces Commitment of a $665 Million Private Financing and Cash Tender Offers by Sabre GLBL Inc. for Existing Secured Debt
May 30, 2023Sabre GLBL Inc. ("Sabre GLBL"), a wholly-owned subsidiary of Sabre, has entered into a commitment letter with lenders (together, the "Lenders") led by affiliates of Centerbridge Partners, L.P. for a $665 million new senior secured credit facility (the "New Facility") to Sabre Financial Borrower, LLC (the "Borrower"), a newly created wholly-owned subsidiary of Sabre GLBL.
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River City Bank Adds Former Umpqua Regional Director Rebecca Fabisch Miller as EVP, Commercial Banking Director
May 30, 2023River City Bank has announced Rebecca Fabisch Miller as Executive Vice President, Commercial Banking Director. In this role, Fabisch Miller will focus on providing services to the Bank’s middle-market commercial clients. She will lead the Bank’s commercial banking team in expanding and enhancing RCB’s commercial deposit and lending presence throughout California.
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SFNet Successful In Getting Carve Out for ABL and Factoring in Connecticut
May 30, 2023The Connecticut senate adopted an amended financial disclosure bill, which applies now only to sales-based financing, and the bill will now be referred to the Appropriations Committee.
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Apollo Announces Executive Leadership Hires for Cadma Capital Partners
May 30, 2023Apollo (NYSE: APO) today announced that the recently established Cadma Capital Partners (“Cadma”) has named Jon Beizer and Josh Brody as its CEO and President, respectively. Cadma is a credit financing platform for the venture ecosystem, providing asset-backed financing to venture- and growth-lenders, high-growth companies and financial sponsors, and is backed by Apollo-affiliated entities.
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Horizon Technology Finance Provides $30 Million Venture Loan Facility to SafelyYou
May 30, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a $30 million venture loan facility to SafelyYou, Inc. ("SafelyYou"), of which $10 million has been initially funded.
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Turnspire Capital Partners Announces Team Additions
May 25, 2023Turnspire Capital Partners, LLC (“Turnspire”), a New York-based private equity firm focused on complex situations in the middle market, announced several recent additions to its team. These exceptional individuals bring a tremendous amount of expertise to Turnspire’s Investment and Finance teams
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Fifth Third Bank Names Stephanie Green as South Florida President
May 25, 2023Fifth Third Bank, National Association, has announced Stephanie Green as South Florida region president. As region president, Green is responsible for the growth and strategic direction of the Bank’s commercial, wealth and asset management, business banking and treasury management businesses.
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Brightwood Capital Announces the Appointment of Eric Pratt as Chief Credit Officer
May 25, 2023Brightwood Capital Advisors (“Brightwood” or the “Firm”), a middle market private credit firm, announced the appointment of Eric Pratt as Chief Credit Officer. In this role, Mr. Pratt will oversee Brightwood's existing portfolio, as well as play an important role in the Firm's analysis of new investments.
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Franklin Capital Completes a $1 Million Factoring Facility for a UK Headquartered Construction Consultant
May 25, 2023Franklin Capital is pleased to announce the completion of a $1,000,000 factoring facility for a UK headquartered construction consultant. A UK-based construction consultant was working with Branta, a corporate finance advisory practice, to grow their US operations.
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Medical Properties Trust Announces Prospect Recapitalization Transactions
May 25, 2023Prospect’s $250 million asset-backed revolving credit facility has been repaid in full and as a result, the unencumbered borrowing base of government and commercial insurance accounts receivable will provide first lien security for the previously announced MPT delayed draw term loan of up to $75 million. Prospect is expected to be substantially free of material debt or lease obligations outside of those to MPT and this new third-party financing.
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Wyndham Hotels & Resorts Announces Successful Completion of Refinancing Transaction
May 25, 2023Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers for the New Term Loan B. Barclays Bank PLC, U.S. Bank National Association, Wells Fargo Bank, National Association and Wells Fargo Securities, LLC, The Bank of Nova Scotia, Truist Securities, Inc., and PJT Partners LP acted as joint bookrunners.
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Horizon Technology Finance Strengthens Capital Resources and Increases Capacity of Credit Facility to $250 Million
May 25, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or the "Company"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced that Horizon Secured Loan Fund I LLC, Horizon's wholly-owned subsidiary ("HSLF"), has amended its senior secured debt facility with a large U.S. based insurance company.
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Physicians Realty Trust Announces $400 Million Five-Year Term Loan
May 25, 2023A total of seven lenders are participating in the Term Loan. KeyBank National Association is acting as the Administrative Agent and a lender. BMO Harris Bank N.A. and Regions Bank are serving as Joint Lead Arrangers and lenders. Bank of America, N.A. and Credit Agricole Corporate and Investment Bank are serving as Documentation Agents and lenders. Raymond James Bank and Associated Bank, N.A. are participating as lenders.
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QualTek to Strengthen Financial Position and Drive Long-Term Growth Through Consensual Financial Restructuring
May 25, 2023-QualTek Services Inc. (NASDAQ: QTEK) (the “Company” or “QualTek”), a leading infrastructure services provider, today announced a restructuring transaction that will position it to achieve long-term success in the telecom, renewables, and recovery logistics sectors. The restructuring transaction reduces the Company’s debt by approximately $307 million and provides $40 million of additional liquidity, substantially improving the Company’s balance sheet and financial position.
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Team, Inc. Announces Commitment for Refinancing of Capital Structure
May 25, 2023TEAM entered into a commitment letter (the “Corre Commitment Letter”) with Corre Management Partners, LLC (“Corre”) for a new $57.5 million, 12% senior secured first lien term loan maturing in December 2026 and comprised of a $37.5 million term loan tranche and a $20 million delayed draw term loan tranche (the “Corre Secured Term Loan”), subject to certain closing conditions.
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Metropolitan Commercial Bank Bolsters It’s Commercial Lending and Deposit Vertical with a Former JP Morgan and PNC Bank Expert – Anthony Ter-Gevondyan
May 25, 2023Metropolitan Commercial Bank (the “Bank”), a New York City-based full-service commercial bank, announced today the appointment of Anthony Ter-Gevondyan as Vice President, Commercial Lending Officer.
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The Secured Lender
SFNet's 80th Annual Convention Issue