- Cerebro Capital Facilitates Over $90MM in Financings for 10 Companies
- News Detail Share Test
- WesBanco Inc. Names Jan Pattishall-Krupinski as Chief Administrative Officer
- eCapital Delivers $45 Million ABL Solution to Propel Growth for Texas Energy Services Firm
- Neon Closes New $200 Million Credit Facility Led by Comerica Bank
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Hilco Merchant Resources is excited to announce the addition of Mike Dwyer to the team. Mr. Dwyer will serve as Executive Vice President, Head of Operations with a focus on the implementation, management, and execution of all deal-related functions and operating goals for the group. Mr. Dwyer has 18 years of retail experience and over 21 years of experience leading operations teams.
TSL Express Trending Story
Featured
SFNet's Cross-Border Lending Summit is back in a two-part virtual conference and will explore what the cross-border ABL world looks like now. The event will be live online over two days, Thursday, Sept. 23 and Thursday, Sept. 30 from 10:00 a.m.-12:00 p.m. EDT each day.
The Summit will discuss:
- the UK—First it was Brexit, then it was COVID, then it was sausages. Now what?
- A deep dive into the Luxembourg pool to consider Luxco lending structures for the first time
- A two-part exploration of cross-border ABL financing in 2021 and beyond. Are there now two universes?
Thank you to our conference sponsor, Winston & Strawn LLP.
TSL Express Daily Headlines & News
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MidCap Financial Closes $20mm Senior Revolving Credit Facility to Village Fertility Pharmacy
May 8, 2023MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $20mm senior revolving credit facility to ABD Group Inc. (“Village Fertility Pharmacy,” “VFP” or “Company”).
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Cyxtera Gets $50M Lifeline, Reaches new Agreement With Debtors, is Forced to Seek Sale or new Investment
May 8, 2023The company this week announced that it has received $50 million in new financing from certain lenders, holding over two-thirds of its outstanding term loan, to support ongoing business operations.
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Invacare Holdings Corporation Completes Financial Restructuring and is Well Positioned to Drive Forward in its Transformation
May 8, 2023-Invacare Holdings Corporation (“Invacare” or “the company”), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced that Invacare Corporation and its two U.S. subsidiaries, Freedom Designs, Inc. and Adaptive Switch Laboratories, Inc., successfully emerged from Chapter 11 on May 5, 2023.
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NFIB Survey Reveals Small Businesses Prefer Smaller Banks and Value Customer Service
May 8, 2023Conducted via email from April 14-18, 2023, the survey provides insights into small business banking operations and confidence in the banking system and the overall economy.
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Bed Bath & Beyond Owes Over $95M to These 14 Vendors in its Supply Chain
May 8, 2023The bankrupt retailer has big trade debts to numerous suppliers as well as transportation providers.
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ARKO Corp. Announces the Extension of Oak Street Commitment for up to $1.5 Billion and Announces a Credit Line Increase to $800 Million and Extension of Maturity
May 8, 2023ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, announced today two separate agreements that enhance the Company’s dealmaking flexibility and long-term growth strategy.
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Christmas Tree Shops Becomes Latest Retailer To Seek Bankruptcy Protection
May 8, 2023Christmas Tree Shops has joined its former owner Bed Bath & Beyond in seeking bankruptcy protection, adding to the growing list of retailers this year that have filed for Chapter 11. The Middleborough, Massachusetts-based chain went to U.S. Bankruptcy Court in Delaware to seek voluntary protection Friday.
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Equity Bank Announces Hire of Richard M. Sems as President
May 8, 2023Equity Bancshares, Inc (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Richard M. (“Rick”) Sems as President of Equity Bank (“the Bank”).
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Audax Private Debt Provides Financing to Support Amulet Capital Partners’ Acquisition of minds + assembly
May 8, 2023Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Amulet Capital Partners (“Amulet”) in their acquisition of minds + assembly (the “Company”).
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Graycliff Partners’ Growth Investment in Republic Electric Company
May 8, 2023O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Graycliff Partners' growth investment in Republic Electric Company ("Republic").
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Winston & Strawn Corporate Partner Jordan Klein Elevated to Additional Leadership Position
May 4, 2023Jordan is recognized as one of the country’s go-to lawyers in the ABL and lender finance spaces and has extensive experience advising clients in asset-based, cash flow, leveraged, real estate, and other financial transactions.
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Oxford Bank Corporation Awards FHLBank Indianapolis Elevate Grants To Diverse Group Of Small Businesses
May 4, 2023Oxford Bank Corporation ("Oxford" or "the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), announced today that it has awarded small business grants to four local businesses in Michigan through the Federal Home Loan Bank of Indianapolis Elevate Grant program. Elevate is an innovative grant program that awards up to $20,000 to assist the growth and development of local small businesses, their workforces, and the communities
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Lendscape Appoints Carolyn Goddard as Head of Product
May 4, 2023Goddard also joins the Lendscape Senior Management Team and will be responsible for leading product development and alignment with the overall business strategy.
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Pacific Western Bank Issues Update
May 4, 2023In light of recent reporting regarding strategic actions, PacWest Bancorp (Nasdaq: PACW) (the “Company”) provides the following update:
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TD Bank and First Horizon Mutually Agree to Terminate Merger Agreement
May 4, 2023TD Bank Group (TSX andNYSE: TD) ("TD") and First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") today announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022. TD informed First Horizon that TD does not have a timetable for regulatory approvals to be obtained for reasons unrelated to First Horizon.
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Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team
May 4, 2023Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital.
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Citizens Financial Group Appoints Coughlin, Johnson as Vice Chairmen
May 4, 2023Citizens Financial Group, Inc. [NYSE: CFG] today announced that Brendan Coughlin, Head of Consumer Banking, and Beth Johnson, Chief Experience Officer and Head of ESG, have been named Vice Chairmen. They join Don McCree, Head of Commercial Banking, and John Woods, Chief Financial Officer, as Vice Chairmen of Citizens.
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Abacus Finance Provides Senior Debt Financing to Support the Ad-On of I&I Sling, Inc. and Slingmax, Inc. by Yale Cordage, a River Associates Portfolio Company
May 4, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the Ad-On of I&I Sling, Inc. and Slingmax, Inc. by Yale Cordage, a River Associates Investments, LP portfolio company.
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Dext Capital Closes Corporate Note Financing
May 4, 2023Dext Capital (Dext), a leading healthcare equipment leasing company, announces the recent closing of an investment-grade corporate note issuance. Proceeds from the BBB rated transaction will support continued growth and expansion initiatives for the business, primarily by funding new originations.
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Wingspire Equipment Finance Upsizes Credit Facility to $195MM Led by Texas Capital Bank
May 4, 2023The facility was agented by Texas Capital Bank, and Wells Fargo and Bank OZK served as joint lead arrangers. The new facility demonstrates the strength of Wingspire’s platform during these volatile times.
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The Secured Lender
SFNet's 80th Annual Convention Issue