TSL Express Daily Articles & News
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Getzler Henrich Formalizes Analytics, Artificial Intelligence, and Advanced Technologies Services and Names Michael Osment Practice Leader
In recognition of both its comprehensive advanced technology services and the depth of knowledge and expertise of Managing Director Michael Osment, Getzler Henrich & Associates LLC (getzlerhenrich.com), formalized its Analytics, Artificial Intelligence, and Advanced Technologies Services and named Michael Osment its Practice Leader.
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SFNet Announces Secured Finance Certified Professional Program: Elevating Standards in the Industry
In the dynamic world of secured finance, maintaining an edge is paramount. To meet the evolving needs of the SFNet community, we are launching an innovative and comprehensive certification program. The Secured Finance Network’s Secured Finance Certified Professional (SFCP) Program is designed to equip individuals with the knowledge and skills, necessary to excel in asset-based lending and factoring.
TSL Express Daily Headlines & News
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Orion Infrastructure Capital (OIC) Announces Three Strategic Leadership Promotions
September 23, 2024OIC, a leading North American infrastructure investment firm with offices in New York, Houston, and London, has announced three internal promotions. Abbie Perry was promoted to Managing Director and Co-Chief Financial Officer, Fund Operations, Accounting & Tax.
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Mitsubishi HC Capital America add James Elwood to Growing Construction Division
September 23, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is strengthening its construction division with the addition of James Elwood, Senior VP – Strategic Development. He will be responsible for establishing strategic finance programs for manufacturers and distributors of construction equipment across the United States.
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Gassel Joins CohnReznick as National Assurance Partner
September 23, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that William (Bill) Gassel, CPA, has joined the firm as a partner in its National Assurance group. Based in Stamford, CT, Gassel focuses on assessing, developing, structuring, and managing internal quality control monitoring systems.
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Simon Property Group (SPG) Boosts Flexibility With $3.5B Revolving Credit Facility
September 23, 2024Simon Property SPG recently announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has amended, restated and extended its multi-currency unsecured revolving credit facility amounting to $3.5 billion.
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Silver Point Closes $4.6B Opportunistic Credit Fund
September 23, 2024Silver Point Capital held the final close of its latest opportunistic credit fund at $4.6 billion, surpassing the $4 billion target and more than double the size of its 2019 predecessor fund, which closed at $1.7 billion.
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Wingspire Capital Provides Revolver to 3PL Provider
September 23, 2024Wingspire Capital provided a revolving credit facility to a third-party logistics firm for enhanced liquidity. The company is a leading innovator in e-commerce logistics and supply chain as a service, offering skilled low-cost labor and bespoke fulfillment with value-added warehousing services to upstart retailers and omnichannel brands.
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KBRA Releases Research – Private Credit Funds: KBRA-Rated Portfolio Displays Stable Credit Performance and Structural Evolution
September 23, 2024The private credit market, in particular the direct lending and infrastructure segments, continues to grow at a rapid pace, as reflected in the number of KBRA-rated private credit transactions.
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CapitalPlus Supply Provides $3 Million in Materials to Support Louisiana Contractor
September 23, 2024CapitalPlus Supply LLC, a leading material provider for the construction industry, is pleased to announce it has provided $3 million in materials to a prominent Louisiana-based marine contractor.
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BofA Names David Dowd Asheville, NC President
September 23, 2024Today, Bank of America is announcing that David Dowd has been named president of Bank of America Asheville. As president, David will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank's eight lines of business.
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TD Bank Group President and CEO Bharat Masrani to Retire April 10, 2025; Board Names Raymond Chun as Successor
September 23, 2024TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) and Chief Executive Officer, Bharat Masrani, today announced his intention to retire on April 10, 2025, after 38 years at the Bank and more than a decade as CEO.
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JS Held's Lending Climate in America – 1st Quarter 2024 Survey: Lenders’ Expectations for the US economy’s Performance in the Longer Term Increases Significantly
September 23, 2024With inflation continuing to impact the US economy, lenders are focused on the economic impact of the presidential election in November. Lenders’ expectations for the US economy’s performance in the longer term – beyond the next six months – has increased significantly from the prior quarter.
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Axxes Capital Launches Interval Fund to Provide Accredited Investors Access to the Private Equity Asset Class
September 23, 2024Axxes Capital Inc. (together with its affiliates, “Axxes”), a private markets investment firm dedicated to providing wealth advisors and their clients access to private markets solutions, today announced that it has launched the Axxes Private Markets Fund (the “Fund”), a registered interval fund that seeks to provide accredited investors with a portfolio of direct access co-investments and secondaries through an investor-friendly vehicle that can be purchased on a daily basis.
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QualiFi LLC Secures $1 Million Credit Facility for RamClean in Just 48 Hours, Fueling Rapid Growth
September 23, 2024QualiFi LLC, a leading boutique loan firm specializing in innovative financial solutions, proudly announces the successful facilitation of a $1,000,000 Credit Facility for RamClean, a rapidly expanding commercial cleaning company. Remarkably, this transaction was completed in just 48 hours, underscoring QualiFi's agility and commitment to supporting high-growth businesses.
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Interplay Learning Closes Growth Investment from Goldman Sachs Alternatives and Acquires Industrial Training International
September 23, 2024Interplay Learning (Interplay), a leading provider of immersive skilled trades training, today announced it has secured funding from Goldman Sachs Alternatives ("Goldman Sachs") and acquired Industrial Training International (ITI) to expand its footprint in key sectors. As part of this round of Investment, Interplay is adding Richard Waitumbi, Managing Director at Goldman Sachs, to its Board of Directors.
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Forward Financing Announces Expanded $450 Million Credit Facility to Help More Small Businesses
September 23, 2024Forward Financing, a national provider of revenue-based financing to small businesses, announced that the company increased their existing $250 million credit facility to $450 million.
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Trinity Capital Inc. Increases its Credit Facility to $510 Million
September 23, 2024Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced an increase to $510 million of total commitments under its credit facility led by KeyBank N.A.
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SFNet New Member Spotlight: Goulston & Storrs
September 19, 2024Goulston & Storrs is a full-service law firm known for its real estate, corporate, litigation, private client, and tax practices. We are home to nearly 250 attorneys practicing across multiple disciplines from offices in Boston, New York, and Washington DC.
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Bankwell Hires Head of SBA Lending
September 19, 2024Bankwell Financial Group, Inc. (NASDAQ: BWFG), the parent company of Bankwell Bank, has announced the appointment of Michael Johnston as Senior Vice President in the newly established role of Head of SBA Lending.
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Sucro Limited Secures $325 Million Credit Facility Led by Rabobank
September 19, 2024Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF), a leading growth-oriented sugar refiner, is pleased to announce the successful completion of a new syndicated credit facility with Rabobank.
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NXT Capital Closes Senior Credit Facility in Support of Renovo Capital’s Acquisition of Pavement Maintenance Group
September 19, 2024NXT Capital announced today that it closed a senior credit facility in support of Renovo Capital’s acquisition of Pavement Maintenance Group. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.
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SFNet's 80th Annual Convention Issue