- Hilco Real Estate Announces Major Expansion in Receivership Services
- Equinox-Owned Blink Fitness Files for Chapter 11 Bankruptcy
- Jushi Holdings Inc. Refinances Existing 1st Lien Credit Facility with US$48.5 Million Term Loan – Strengthening Its Capital Structure with No Debt Maturities Until 2026
- Asset-Based Lending & Factoring Surveys
- Buca di Beppo Voluntarily Initiates Chapter 11 Proceedings to Facilitate Sale and Ensure Continued Operations
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Getzler Henrich Names Michael Osment Managing Director in Detroit Office
Michael Osment has joined Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the Detroit office.
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Featured
SFNet's Emerging Leaders Summit Heads to the West Coast
SFNet's Emerging Leaders Summit, a dynamic conference designed to unite professionals with 6-15 years of experience in secured lending, is heading to the West Coast for the first time since its inception in 2018. The event will provide an opportunity to glean insights from seasoned titans who have navigated the intricacies of the field. Attendees can expect to engage in thought-provoking panels where industry luminaries will offer a unique perspective on both the industry and effective leadership.
TSL Express Daily Headlines & News
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SFNet Member Spotlight: AR Funding
June 17, 2024Since 1996, AR Funding has set the standard for professionalism, fairness and dependability in accounts receivable funding and invoice factoring. With over 100+ years of combined experience within our Greenville, South Carolina headquarters, our staff works diligently to provide unparalleled service and insight for clients across the U.S.
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Cornerstone Business Credit Funds $400,000 Line of Credit to an Exciting and Rapidly Growing Specialty Cookie Company
June 17, 2024Cornerstone Business Credit [www.CornerstoneBusinessCredit.com] is pleased to announce the recent funding of a $400,000 line of credit to an exciting and rapidly growing specialty cookie company.
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Huntington Business Credit Closes $70 Million to Support Stellex Capital Management’s Acquisition of The James Skinner LLC
June 17, 2024Huntington Business Credit acting as administrative agent closed $70,000,000 in new credit facilities with financing partners Proterra Investment Partners and Farm Credit Services of America to support Stellex Capital Management’s acquisition of The James Skinner LLC on May 1, 2024.
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Encina Private Credit Serves as First Out Lender And Administrative Agent for Senior Secured Credit Facility for Sparkstone Electrical Group
June 17, 2024Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Administrative Agent providing a First Out tranche in a Senior Secured Credit Facility supporting Sparkstone Electrical Group (“Sparkstone”).
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Kapitus Closes $45 Million Investment-Grade Corporate Note Financing
June 17, 2024Kapitus, a leading provider of financing for small and medium sized businesses, today announced the closing of a $45 million investment-grade corporate note financing. The closing of this most recent financing increases the Company’s total debt facilities to $585 million.
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LSQ Creates $3MM Invoice Finance Facility for Florida-based Internet Service Provider
June 17, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for a Florida-based fixed wireless internet provider.
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King Trade Capital Provides a $1.5 Million Purchase Order Finance Facility to a Dry Foods Manufacturer
June 17, 2024King Trade Capital (“KTC”) is pleased to announce the completion of a $1.5M purchase order-based production finance facility for a dry baked goods manufacturer in the western US.
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Production Equipment from Major Stretch-Film Manufacturer Goes to Auction June 26
June 17, 2024A live webcast auction on June 26 features the Phoenix plant of manufacturer Zummit Plastics, known for producing both conventional stretch film and what it billed as the only biodegradable version of that product in the country.
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InterNex Capital Announces $5 Million Facility to Civil Engineering Company
June 17, 2024InterNex Capital provided a $5 million revolving line of credit that will enable the company to bid and win larger projects. The company, a civil engineering firm with 12 years in business, sought a lender that understood the intricacies of working with private and public entity billing practices.
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Rosenthal Closes Two Factoring Transaction Totaling $6.5 Million and $25 Million in Factoring Volume
June 17, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two factoring transactions totaling $6.5 million and $25 million in factoring volume.
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King & Spalding Welcomes Return of Structured Finance Partners Martin Eid and Katie Weiss to New York Office
June 17, 2024King & Spalding announces the return of structured finance partners Katie Weiss and Martin Eid to the firm. Eid has rejoined the firm effective immediately, and Weiss will return in the coming weeks. They join the Finance and Restructuring practice group in the New York office.
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Amerisource Business Capital Closes $2,000,000 Working Capital Facility for Beverage Manufacturer
June 17, 2024Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a beverage manufacturer based on the West Coast. The working capital revolver will enable the company to capitalize on growth opportunities, optimize its operations, and sustain its upward trajectory.
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Momnt Announces Appointment of Chris Bracken as Chief Executive Officer
June 17, 2024Momnt, a leading fintech company specializing in real-time lending and payment solutions, today announces the appointment of Chris Bracken as CEO. This follows recent significant capital investments from Saluda Grade Ventures, Rockefeller Asset Management, and TruStage Ventures and solidifies the company’s position as a leader in the Home Improvement and Healthcare lending space.
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BofA Names Michael Garand as Worcester President
June 17, 2024Today, Bank of America has named Michael Garand as president of Bank of America Worcester. As president, Garand will lead the Worcester market and will be responsible for connecting clients, teammates and communities to the bank’s eight lines of businesses and the full power of Bank of America.
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Citi Launches CCB in Japan, Appoints Head
June 17, 2024Citi has launched Citi Commercial Bank (CCB) in Japan as part of its strategy to launch its CCB business in key growth markets across specific clusters where the bank can grow at scale; and it has recently appointed Yutaka Naito as the head of the business in Japan.
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RSK Welcomes Strategic Investment from Searchlight Capital Partners and Ares Management
June 17, 2024RSK Group Limited (“RSK” or the “Company”), a global leader in the delivery of sustainable solutions, today announced it has entered into an agreement to receive a £500 million preferred equity investment from a consortium led by Searchlight Capital Partners, L.P. (“Searchlight”), and Ares Management Corporation funds (“Ares”).
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Bovill Newgate Launched to Address Growing Concerns Over Regulatory Risks
June 17, 2024Following the acquisition of Bovill in February 2024, Ocorian has today launched Bovill Newgate, its global regulatory and compliance business to address growing concerns over regulatory risks across financial services.
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Austin Financial Services Closes a $2.5MM Credit Facility to a Privately-owned Life Sciences Company
June 17, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $2.5MM ABL facility to a life sciences company who operates in the field of cell and gene therapy used for research and development, clinical trials, and commercial production by academic, biotech, diagnostic, pharmaceutical, and contract research organizations. Proceeds from AFS’ revolver will provide working capital and support for long-term growth plans.
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First Citizens Bank Serves as Lead Arranger on $133 Million for Massachusetts Battery Energy Storage Project
June 17, 2024First Citizens Bank today announced that its Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts.
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Goetz Fitzpatrick LLP and Platzer, Swergold, Goldberg, Katz, and Jaslow LLP Unite to Form Goetz Platzer LLP
June 17, 2024Goetz Fitzpatrick LLP (goetzfitz.com) and Platzer, Swergold, Goldberg, Katz, and Jaslow LLP (platzerlaw.com) are thrilled to announce their upcoming merger to become Goetz Platzer LLP.
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