- Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- Los Angeles Business Journal names CohnReznick’s Marc Wolf a Top 100 Accountant
- Quinn Residences Announces the Expansion of its Revolving Credit Facility to $1 Billion
- CohnReznick’s Sun Named a Top 25 Cybersecurity Consultant and Leader
TSL Express Daily Articles & News
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Mitsubishi HC Capital America Welcomes Lawrence Ridgway to Asset-based Lending Team
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is strengthening its working capital team with the appointment of Lawrence Ridgway as Senior Business Development Director, Business Finance.
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The SFNet Mentoring program, sponsored by the Secured Finance Foundation and the SFNet DEI Committee, has become a cornerstone of professional growth and community building within our industry. In this interview, we highlight the journey of Emily Neuherz, senior associate, Capital Foundry and a passionate advocate and past mentee of the program. Emily’s experience not only underscores the immense value of mentorship but also serves as a testament to the transformative impact it can have on career development. Through her story, we hope to inspire both new potential mentees and mentors to join our upcoming Fall iteration, and embark on a path of mutual growth, learning and success.
TSL Express Daily Headlines & News
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Salute Announces Investment from New Mountain Capital to Support Data Center Growth Trajectory
October 1, 2024Salute Holdings, LLC (“Salute” or the “Company”), a leading provider of integrated asset management services for the data center industry, today announced it has received a majority investment from funds managed by New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York.
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Wayfair Announces Proposed Offering of $700 Million Senior Secured Notes
September 30, 2024Wayfair Inc. (NYSE: W) (the "Company," "we" or "Wayfair") today announced that its subsidiary, Wayfair LLC (the "Issuer"), intends to offer, subject to market and other conditions, $700 million in aggregate principal amount of senior secured notes due 2029 (the "Notes") in a private offering.
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Matthews International Announces Proposed Private Offering of Senior Notes
September 30, 2024Matthews International Corporation (NASDAQ GSM: MATW) (the “Company”) today announced a proposed private offering of senior secured second lien notes due 2027 (the “Notes”).
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SLR Investment Corp. Announces Acquisition of Factoring Business
September 30, 2024SLR Investment Corp. today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (“SLR-BC”) acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.’s Commercial Services Division (“Webster”) in an asset purchase that includes a team of professionals and a seasoned portfolio.
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Aethon United Announces Completion of Amended Credit Agreement
September 30, 2024Aethon United BR LP (“Aethon United,” “we,” “us” or “our”) on September 27, 2024 entered into an Amendment No. 18 (the “Amendment”) to that certain Credit Agreement, dated as of July 1, 2016, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and certain lenders.
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The AZEK Company Announces ABL and Term Loan Refinancing
September 30, 2024The AZEK Company Inc., the industry-leading designer and manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, announced the entry into a new credit agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders and financial institutions party thereto, the arrangement of which was led by Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. as joint bookrunners.
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First Bank Announces New Client Relationship
September 30, 2024First Bank announced its most recent new client relationship – a $12MM working capital revolving line of credit to a Distributor of seamless fabrics and accessories located in Randolph, NJ.
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Celtic Capital Corporation Provides Funding for Central Midwest Hex Key Manufacturer
September 30, 2024Due to recent covenant violations, their current bank sought to exit the relationship. Celtic Capital was referred in and approved a $3,000,000 accounts receivable line of credit, a $1,500,000 inventory line of credit and an equipment loan of $397,600 to repay the bank in full and provide ongoing working capital.
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Cascade Private Capital Fund Announces Completion of $250 Million Revolving Credit Facility
September 30, 2024Cascade Private Capital Fund ("CPEFX" or "the Fund"), an interval fund providing access to private capital, has announced the closing of a senior secured revolving credit facility with JPMorgan Chase Bank, N.A. ("JPMorgan").
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White Oak Commercial Finance Provides a $120 Million Senior Secured Credit Facility to Sauder Woodworking
September 30, 2024White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, closed a new $120 million 3-year Senior Secured Credit Facility with Sauder Woodworking, a Midwest-based manufacturer and distributor of ready-to-assemble furniture and custom manufacturing furniture solutions with operations throughout the United States and Canada, acting as Sole Arranger and Bookrunner.
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Welltory Closes $3 Million Credit Facility from Braavo Capital to Invest in Platform Expansion
September 30, 2024Welltory, the leading all-in-one personalized health and wellness app, is pleased to announce it has closed a $3 million credit line with Braavo Capital. The funding will empower Welltory to invest deeper into its strategic product and market growth to become the leader in the preventative and people-centric care categories.
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SVB Financial Group Completes Sale of SVB Capital to Pinegrove Capital Partners
September 30, 2024SVB Financial Group today announced that it has completed the sale of its investment platform business, SVB Capital, to affiliates of Pinegrove Capital Partners ("Pinegrove"), backed by evergreen capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage.
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STEP Energy Services Ltd. Amends and Extends Credit Facility
September 30, 2024STEP Energy Services Ltd. (“STEP”) (TSX: STEP) is pleased to announce an update on its credit agreement. STEP has entered into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”) with a syndicate of Canadian banks which amends and extends its prior credit agreement.
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Mabrey Bank Hires Bobby McAlpine as Commercial Lending Officer
September 30, 2024Mabrey Bank announced the hire of Bobby McAlpine as a Commercial Lending Officer as an addition to its growing commercial lending team. Based out of East Central Oklahoma, McAlpine will be primarily focused on agricultural and recreational land loans throughout the region.
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Beyond Air Announces Termination of the Loan and Security Agreements with Avenue Capital
September 30, 2024Beyond Air, Inc. (NASDAQ: XAIR) (“Beyond Air” or the “Company”), a commercial stage medical device and biopharmaceutical company focused on harnessing the power of endogenous and exogenous nitric oxide (NO) to improve the lives of patients, today announced that it has terminated the loan and security agreements with Avenue Capital and entered into an $11.5 million loan agreement with an insider-led investor group.
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Cascadia Expands Capital Markets Advisory Practice, Hiring Thomas Mills
September 30, 2024Cascadia Capital is pleased to announce that Thomas Mills has joined the firm as a Managing Director in its Capital Markets Advisory Group. Mr. Mills brings more than 20 years of experience in debt capital markets, raising capital for clients in a wide variety of industries and transactions, including recapitalizations, growth financings, and management buyouts.
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Womble Expands Nashville Office With Addition of Business Litigation Partner Derek Edwards
September 30, 2024Womble Bond Dickinson announced that Derek W. Edwards has joined the firm’s Nashville office as a partner in the Business Litigation Practice Group. Edwards has over 20 years of experience as a trusted advisor to retail banks and equity-backed companies in the financial services and payments industries. His practice spans financial technology, merchant services, and payment processing.
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Vance Street Capital Completes Growth Investment in Pro-Vision
September 30, 2024Vance Street Capital ("Vance Street"), a Los Angeles based private equity firm, today announced it has partnered with Pro-Vision (the "Company") to support the business and management team during this next chapter of its growth story. Pro-Vision is a North American provider of video monitoring solutions for the commercial, K-12 transit, and public safety end markets.
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CIBC Innovation Banking Provides Credit Facilities to Nulogy Inc.
September 30, 2024CIBC Innovation Banking announced today that it has provided $15 million in credit facilities to support Rubicon Technology Partners’ strategic investment in Toronto-based Nulogy, a leading provider of supply chain collaboration solutions. Nulogy's cloud-based, multi-enterprise platform allows brands to orchestrate their extended supply chain, driving improved service while reducing waste, minimizing cost, and accelerating growth.
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Citi and Apollo Introduce $25 Billion Private Credit, Direct Lending Program
September 30, 2024Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies.
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SFNet's 80th Annual Convention Issue