- Alvarez & Marsal's Private Equity Performance Improvement Group Bolsters its Transformation Services Offering
- Q4 2024 RSM US Middle Market Business Index
- Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
- AlixPartners Announces 23 Global Promotions at Partner & Managing Director and at Partner-level in its Turnaround and Restructuring Practice
- BB Energy Asia Closes Secured Digital Borrowing Base Facility
TSL Express Daily Articles & News
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Sallyport Announces $7,000,000 Accounts Receivable Finance Supporting Acquisition
Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business - an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers.
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Olympic Athletics and Lending, Private Equity and Investing Success – Not as Different as You Might Think!
With the 2024 Olympics behind us, the next games are scheduled for Los Angeles in 2028. For those spectators enthralled with the world-class athleticism, success seems to be determined largely by medal count (and media coverage). As I enjoyed the games, I pondered how the lending, PE, and investing sectors are closer to the Olympic athletes than one may think.
TSL Express Daily Headlines & News
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Jupiter Power Secures $225 Million Corporate Credit Facility to Accelerate Energy Storage Growth
November 4, 2024Jupiter Power LLC ("Jupiter Power"), a leading developer and operator of utility-scale battery energy storage systems, announced today the successful close of a $225 million corporate credit facility.
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GoldenTree Asset Management Announces Closing of $599 Million CLO Under GLM Strategy
November 4, 2024GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $599 million collateralized loan obligation (“CLO”) to be managed by GLM III.
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J D Factors Provides $22,275,000 in new Factoring Facilities
November 4, 2024J D Factors provided $22,275,000 in new factoring facilities to 48 new clients in the US and Canada during the month of October. Some of these facilities include: A $750,000 factoring facility for a hosiery manufacturing company in North Carolina. A $200,000 factoring facility for an wildfire suppression equipment company in California.
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Runway Growth Capital Announces Combination with BC Partners Credit
November 4, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced a definitive agreement whereby BC Partners Credit will acquire Runway.
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Mayer Brown Adds Leading Private Credit Partner Sheel Patel as Head of New York Private Credit
October 31, 2024Mayer Brown announced today that prominent private credit lawyer Sheel Patel has joined the firm as a partner, where he will serve as head of the Private Credit practice in New York. Sheel joins from King & Spalding, where he was a key partner in its Private Credit and Special Situations group.
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Celtic Capital Corporation Provides Funding for a a Pacific-based Manufacturing Company
October 31, 2024Celtic Capital Corporation today announced its most recent new client relationship – a Pacific-based company manufacturing components for the electronics and communications industry.
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A&G Named Real Estate Advisor of the Year in 16th Annual Turnaround Atlas Awards
October 31, 2024Global M&A Network has named A&G Real Estate Partners “Real Estate Advisory Firm of the Year”—the fifth consecutive year in which A&G has received the honor—as part of its 16th Annual Turnaround Atlas Awards.
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Gridiron Capital Partners with Health Monitor Network
October 31, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, announces an investment in Health Monitor Network (“Health Monitor” or the “Company”).
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Sallyport Fuels $250,000 Comeback for Wholesale Startup Growth
October 31, 2024Sallyport Commercial Finance is proud to announce a new funding for a Canadian client in the wholesale and distribution industry, providing them with $250,000 in Accounts Receivable (AR) financing. The client turned to Sallyport for support in relaunching their business post-COVID.
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Flagstar Bank Appoints Senior Leaders to Elevate Technology Innovation and Risk Oversight
October 31, 2024Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced the appointment of two senior leaders to its technology and risk teams, effective immediately.
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Associated Bank Announces Trier and Warsek to Join Executive Leadership Team
October 31, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") announced today the appointment of Phillip Trier and Gregory Warsek to its Executive Leadership Team (ELT), effective November 1, 2024.
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CIBC Innovation Banking Provides Procurify with US$20 Million in Growth Capital
October 31, 2024CIBC Innovation Banking announced today it has provided US$20 million in growth capital to Procurify, a leader in proactive spend management solutions. This funding will support Procurify’s continued development of innovative procurement technologies and its mission to enhance organizational spend transparency and efficiency.
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Latham & Watkins Advises PL Developments on Successful Corporate Debt Refinancing
October 31, 2024PL Developments (PLD), a leader in the development, manufacturing, packaging, and distribution of consumer healthcare products, has announced the successful completion of its offer to exchange US$350 million aggregate principal amount of its outstanding 7.750% senior secured notes due 2025 for new PIK toggle senior secured notes due 2029 in an aggregate principal amount of US$368.55 million.
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TAB Bank Secures Nearly $100 Million in Q3 Financing Deals, Empowering 385 Businesses Nationwide
October 31, 2024TAB Bank successfully closed $98.4 million in credit facilities across 385 deals during the third quarter of 2024. The financing includes a diverse range of loans such as working capital, equipment, commercial real estate, small business lines of credit and accounts receivable funding across numerous sectors, including homeware, restaurant, manufacturing, real estate, transportation, and more.
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Ares Capital Corporation Appoints Jim Miller as Co-President
October 31, 2024Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that James (“Jim”) R. Miller was appointed as Co-President to serve alongside current Co-President, Kort Schnabel. Concurrently, Ares Capital’s Board of Directors was expanded by one member. Mitchell (“Mitch”) Goldstein joined Ares Capital’s Board of Directors, and Mitch Goldstein and Michael L. Smith have been appointed to serve as Co-Chairmen of Ares Capital’s Board of Directors.
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SLR Credit Solutions Provides Unitranche Credit Facility
October 31, 2024SLR Credit Solutions has structured a unitranche asset-based credit facility to support Directional Capital’s acquisition of a collection of rent-to-own retail locations across the New York and New Jersey markets, via a new entity known as Purple Apple.
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Diamcor Announces Term Loan Financing to Expedite Increased Processing at Krone-Endora
October 30, 2024Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or the "Company"), a well-established Canadian diamond mining company with a proven history in the mining, exploration, and sale of rough diamonds, announces that the Company intends to complete a term loan financing (the "Financing") of up to CAD$1,500,000.
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Oportun Announces Next Step to Optimize Capital Structure and Drive Improved Profitability
October 30, 2024Oportun (Nasdaq: OPRT) ("Oportun", or the "Company"), a mission-driven financial services company, announced today another important step in its plans to optimize the Company’s capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan (“Term Loan”).
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eCapital Secures $100 Million Junior Capital Facility Increase from Ares Management, Amplifying Strategic Growth
October 30, 2024eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., has closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds (“Ares”), bringing the total facility size to in excess of $330 million.
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RelPro Partners with CRB Monitor to Add Cannabis Industry Data
October 30, 2024RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest partnership with CRB Monitor, introducing cannabis-related business insights as the latest data addition to the RelPro platform.
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The Secured Lender
SFNet's 80th Annual Convention Issue