- Pathward Lends $15 Million to Transportation Parts Distributor to Provide Working Capital
- Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.
- NXT Capital Closes Senior Credit Facility in Support of Broad Sky Partners’ Acquisition of Frontline Managed Services
- Q4 2024 RSM US Middle Market Business Index
- Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
TSL Express Daily Articles & News
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First Citizens Bank Names Eugene Weissberger to Sponsor Finance Position
First Citizens Bank today announced that Eugene Weissberger has been appointed as a managing director in the Sponsor Finance group, where he will be focused on supporting financial sponsors and family offices in the Midwest and on the West Coast.
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Understanding the Complexities of Recruiting and Retaining Talent
The secured finance industry is feeling the strain as the industry ages and its most experienced executives retire. Here, SFNet members offer their points of view on the challenge.
TSL Express Daily Headlines & News
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Alignment Credit Provides Senior Secured Term Loan Commitment to Riverview Companies
October 14, 2024Alignment Credit, a leading provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured credit facility to Riverview Landscape Holdings LLC, d/b/a Riverview Companies (”Riverview” or the “Company”) to refinance Riverview’s previous debt facilities and provide the acquisition financing.
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Marathon Asset Management Acts as Joint Lead Arranger and Provides Senior Secured Credit Facility to Refinance Owl Cyber Defense
October 14, 2024Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to refinance Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners.
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CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
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CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
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Eclipse Business Capital Provides $20MM ABL Credit Facility to a Fiber Optic Components Manufacturer
October 14, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $20 million ABL credit facility to a fiber optic components manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will provide growth working capital as the Company continues to expand and establish itself as a trusted partner in its industry.
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Versant Funds $1.8 Million Non-Recourse Factoring Transaction to Administrator of Adolescent Group Homes
October 14, 2024Versant Funding LLC is pleased to announce it has funded a $1.8 Million non-recourse factoring transaction to a company which administers group homes for adolescents who are victims of neglect and abuse.
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Aon and the National Center for the Middle Market Reveal Growth Trends
October 14, 2024Aon plc NYSE: AON), a leading global professional services firm, and the National Center for the Middle Market (NCMM) today announced the results of a new study, Driving Growth: The Role of People, Risk, and Technology in Middle Market Success.
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Platinum Equity's Credit Team Leads New Term Loan For Relam
October 14, 2024Platinum Equity announced today it led a new and upsized Second-Lien Term Loan ("Term Loan") for Railway Equipment Leasing and Maintenance Inc. ("RELAM") to refinance the company's existing indebtedness and support future growth of the business.
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COVU Secures an Additional $12.5 Million in Series A Funding
October 14, 2024COVU, Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million.
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Shore Capital Partners Closes on Almost $2 Billion Across Three Funds
October 14, 2024Shore Capital Partners (“Shore” or “the Firm”), a private equity firm focused on lower-middle market investments, today announced the closing of its inaugural Healthcare Advantage Fund (“Advantage Fund”), second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”).
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FirstLight Fiber Raises $120 Million in Strategic Holdco Financing from Sixth Street and Palistar Capital
October 14, 2024FirstLight Fiber, the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised $120 million in new strategic debt financing. This transaction is part of a global refinancing effort this year at FirstLight and follows the five-year senior secured infrastructure debt financing package the company announced in April 2024.
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Kramer Levin Formalizes Private Credit Practice, Serving Clients Seeking Creative Financing Strategies and Access to New Asset Classes
October 14, 2024Today, Kramer Levin announced that it formalized a multidisciplinary private credit practice, leveraging the firm’s depth of industry knowledge and extensive experience across the borrowing and lending community to continue providing clients with comprehensive support for an asset class that plays an indispensable role in today’s dynamic finance market.
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Accuride Announces Debt Restructuring Agreement
October 14, 2024Accuride today announced its intention to restructure its North American business. The proposed restructuring, the result of extended negotiations with its lenders, will facilitate economic improvements for operations and significantly reduce funded debt from Accuride's balance sheet.
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Trinity Capital Inc. Provides $40 Million in Growth Capital to Beam Benefits
October 14, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $40 million in growth capital to Beam Benefits ("Beam"), a digitally native employee benefits company.
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TAB Bank's $10 Million Loan Propels Mobility Trust Group’s Mission to Improve Accessibility for People with Disabilities
October 14, 2024TAB Bank has extended a $10 million revolving Asset-Based Loan (ABL) to Mobility Trust Group, a company specializing in financing mission-critical assistive technology products, including wheelchair-accessible vehicles and home accessibility equipment for people living with disabilities. The loan enables Mobility Trust to secure the liquidity needed for growth while continuing to focus on the needs of a vital and underserved community.
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Blue Owl Capital and Upstart Partner on Consumer Credit in $2 Billion Agreement
October 14, 2024Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a programmatic purchase commitment from funds managed by Blue Owl Capital Inc. (“Blue Owl”). Blue Owl’s Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September.
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Middle-Market Deals Drive Rebound in Private Equity Exits
October 14, 2024Middle-market transactions are powering a rebound in exits as private equity-backed IPOs track for their best year since 2021. Buyout funds tallied 1,700 exits this year through end of the third quarter, a total 10% higher than the 1,530 exits through recorded in the same period a year ago, according to an S&P Global Market Intelligence analysis of Preqin data.
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Winston & Strawn Bolsters Digital Assets Practice and Miami Office with Addition of Partner Andrew M. Hinkes
October 10, 2024Winston & Strawn LLP announced today that Andrew ("Drew") M. Hinkes has joined the Miami office as a partner in the Transactions Department and member of the Digital Assets and Blockchain Technology ("DABT") Group.
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Peapack-Gladstone Bank Hires Michael Anthony Guarino, Esq., CRCM as Senior Vice President
October 10, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce that Michael Anthony Guarino, Esq. has joined the Bank as a Senior Vice President, Attorney.
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XP Factory Completes GBP10 Million Revolving Credit Facility
October 10, 2024XP Factory PLC on Wednesday announced the completion of its new GBP10 million revolving credit facility with Barclays Bank PLC, amid a growth in free cash flow. The Crawley, England-based entertainment company operates the Boom Battle Bar and Escape Hunt brands.
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