- Golub Capital BDC, Inc. Announces a Series of Debt Funding Structure Initiatives Aimed at Reducing Borrowing Costs and Providing Additional Investment Flexibility
- Addi Secures $100 Million Credit Facility from Victory Park Capital
- Secured Lending Confidence Index
- News Detail
- Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
TSL Express Daily Articles & News
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Rosenthal Names Three Seasoned Professionals to Southeast Team
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced that William Garcia, Kathleen Waldropt and David Zimmerman have joined Rosenthal’s Southeast team.
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Evolving Strategies in Business Development for Secured Finance
In a rapidly shifting financial landscape, the Secured Finance Network's recent webinar offered a deep dive into effective business development strategies within the secured finance sector. Moderated by James Kravitz, SFNet’s business development director, the session featured prominent industry experts Lance Rosenthal, executive vice president of business development at RelPro; Jack Penzi, director of originations at Great Rock Capital; and Mitch Sterling, chief client development and relationship officer at Blank Rome.
TSL Express Daily Headlines & News
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BlackRock And Santander: Partnership Expanded For Private Asset Financing
September 30, 2024BlackRock and Santander announced the signing of a memorandum of understanding (MoU) under which BlackRock’s funds and accounts will invest up to $1 billion per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats.
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Huntington Business Credit Closes a $50 Million Credit Facility with Elements International Group, LLC
September 30, 2024Huntington Business Credit closed a $50,000,000 new credit facility with Elements International Group, LLC on August 27, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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Gordon Brothers Forecasts Modest U.S. Retail Sales Growth
September 30, 2024Gordon Brothers, the global asset experts, has forecasted U.S. retail sales for this upcoming holiday season[1] predicting a modest increase of 1.2% to 3.5% relative to last year amid economic and political uncertainty.
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TD Bank Announces Andy Bregenzer and Jill Gateman as Co-Heads of U.S. Commercial Banking
September 26, 2024TD Bank, America's Most Convenient Bank®, recently announced Andy Bregenzer and Jill Gateman as Co-Heads of U.S. Commercial Banking. The appointments follow the Spring 2024 announcement of Chris Giamo's retirement from TD Bank after 26 years of service to TD and more than 30 years in banking.
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Wolters Kluwer Regulatory Violations Intelligence Index Shows Notable Increases in Total Regulatory Violations for First Half of 2024
September 26, 2024Wolters Kluwer Compliance Solutions’ latest Regulatory Violations Intelligence Index shows notable increases in the total number of violations cited by agencies during the first half of 2024 compared to 2023 second half results in two of three major category it tracks—Consumer Protection and Financial Offenses—while dramatically falling off in the Competition-related offenses category. Collectively, penalty amounts declined significantly.
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52% of Restructuring Experts Expect Tightened Lending Conditions in Asia, Says AlixPartners
September 26, 2024AlixPartners, the global consulting firm, today announced the findings of its 19th Annual Turnaround and Transformation Survey Asia Report. The survey reveals that over half of respondents expect lending standards to become more restrictive in the year ahead than the previous year.
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Middle Market Business Leaders are Confident in Company Financial Performance, Reaching Highest Level in Two Years
September 26, 2024KeyBank (NYSE: KEY) announced the release of its semi-annual Middle Market Sentiment Report, which surveyed more than 700 business owners and executives of companies with $10 million to $1 billion in annual revenue, to gather their insights on the current economic and company outlook, challenges currently affecting their businesses, and their growth plans for the year ahead.
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nFusion Provides $3 Million ABL Line for a Long-Established, Family-Owned Cabinetry and Millwork Company
September 26, 2024nFusion announced it provided a $3 million ABL line for a long-established, family-owned cabinetry and millwork company based in New Jersey to help build infrastructure for growth.
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John Galt Solutions Expands Presence in Asia and South America to Support Global Growth
September 26, 2024John Galt Solutions, a global leader in automating supply chain planning to empower businesses to make better decisions faster, today announced the opening of new offices in Tokyo, Japan and Bogota, Colombia
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David J. Borkon Joins Moritt Hock & Hamroff As A Partner
September 26, 2024Moritt Hock & Hamroff announced today that David J. Borkon has joined the firm as a Partner in its Corporate, M&A and Securities practice group. He is located in the firm's Garden City office. Prior to joining the firm, Mr. Borkon was a Partner at Forchelli Deegan Terrana LLP.
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Northleaf Expands Global Presence with New Office in Seoul
September 26, 2024Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, announced today the opening of its new office in Seoul, Republic of Korea to support continued investor interest in the firm’s mid-market private markets platform. This marks Northleaf’s tenth global office and complements the firm’s existing Asia-Pacific locations in Melbourne, Australia and Tokyo, Japan.
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Holland & Knight Welcomes Financial Services Regulatory Partner Eamonn Moran in Washington, D.C.
September 26, 2024Holland & Knight continues to strengthen its national Financial Services Team with the addition of Eamonn Moran as a partner in Washington, D.C. Prior to joining Holland & Knight, Mr. Moran was a senior counsel at Norton Rose Fulbright.
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Clifford Chance Advises Viking Global Investors on Significant Minority Acquisition of Humaneva
September 26, 2024Global law firm Clifford Chance has advised Viking Global Investors (Viking), a global investment firm based in the United States, in acquiring a significant minority stake in Humaneva Inc., a spin-off of NEUCA S.A. Viking has also been granted a one-year option to increase its stake rateably in Humaneva. Humaneva is a provider of clinical trial solutions globally.
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Aztec Group Appoints Todd Werner as U.S. Head of Private Credit
September 26, 2024Aztec Group, a leading fund and corporate services administrator, has appointed Todd Werner as U.S. Head of Private Credit. Based in Radnor, Pennsylvania, Todd will lead the Private Credit offering at Aztec Group in the U.S., with a remit for developing and implementing strategy, enhancing operational efficiency and effectiveness, building a high functioning team, and expanding Aztec Group's presence in the U.S. market.
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Peapack Private Hires Vanessa Tortorice as Senior Managing Director
September 26, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Vanessa Tortorice has joined Peapack Private’s New York City location as Senior Managing Director.
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Texas Capital Launches Government Money Market Exchange Traded Fund
September 26, 2024This innovative and first-of-its-kind ETF will hold highly liquid, short-term U.S. government debt instruments and cash equivalents, providing an exchange-traded investment option for investors focused on managing credit risk and preserving capital.
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TAB Bank Partners with The Fiesta Tableware Co., Dishing Up $4.5 Million in Financing to Serve Up Growth
September 26, 2024TAB Bank announces the closing of a $4.5 million credit facility with The Fiesta Tableware Co. of West Virginia. This partnership will ensure the American-made tableware company continues helping home chefs refresh and reinvent their table settings.
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KKR Releases “An Alternative Perspective: Past, Present, and Future”
September 26, 2024KKR, a leading global investment firm, today released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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Hartree Partners, LP Successfully Closes its Senior Secured Borrowing Base Revolving Credit Facility Totaling $4.1 Billion
September 26, 2024Hartree Partners, LP (“Hartree” or the “Company”) announced the closing of its core senior secured borrowing base revolving credit facility (the “Facility”) on September 4, 2024, totaling $4.1 billion.
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California Bank & Trust to Acquire Firstbank Coachella Valley, CA Branches
September 25, 2024California Bank & Trust (CB&T), a division of Zions Bancorporation, N.A., announced today that it has entered into an agreement to acquire four branch locations in Palm Desert and Indio from FirstBank, headquartered in Lakewood, Colorado. Under the agreement, California Bank & Trust will acquire approximately $730 million in deposits and $420 million in loans.
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The Secured Lender
SFNet's 80th Annual Convention Issue