- BHI Appoints Dana Zeller as Chief Operating Officer
- Sound Point Provides Financing to Support the Acquisition of BNP Associates
- Pathward Lends $21.6 Million to Furniture and Lifestyle Goods Manufacturer
- Siena Lending Group and Great Rock Capital Increase and Extend $130MM Senior Credit Facility to SkyWater Technology
- Market Sizing & Impact Study
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Michael Ollio Joins Mitsubishi HC Capital America as Director of Capital Markets
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Michael Ollio has joined the company as Director of Capital Markets.
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Featured
Where Are They Now? Catching up with Previous SFNet 40 Under 40 Award Winners
Past SFNet 40 Under 40 Award recipients discuss how the Award affected their careers and offer advice to the next generation.
TSL Express Daily Headlines & News
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HSBC & Tradeshift Launch SemFi to Transform Business Finance
October 7, 2024HSBC has unveiled SemFi by HSBC, a new venture designed to revolutionise how businesses handle finance. A joint effort with global B2B trade network Tradeshift, SemFi aims to deliver seamless embedded finance solutions to companies across a variety of e-commerce platforms.
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VerticalScope Refinances Its Existing Senior Secured Credit Facility
October 7, 2024VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF) announced today that it had entered into a second amended and restated credit agreement (such agreement, the “A&R Credit Agreement”), amending and restating the Company’s existing credit agreement with Capital One (the “Existing Credit Agreement”).
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Consortium Led by Mason Capital Management to Acquire CB&I From McDermott
October 7, 2024A consortium led by Mason Capital Management LLC (“Mason”), in partnership with IES Holdings, Inc. (Nasdaq: IESC), Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors, and other investors, today announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business.
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OpenAI Secures New Credit Facility Enhances Financial Flexibility
October 7, 2024In addition to securing $6.6 billion in new funding from leading investors, we have established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC. This is a revolving credit facility that is undrawn at closing.
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Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments
October 7, 2024Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) extended and increased total commitments for its revolving credit facility (the “Facility”) for Prospect Capital Funding LLC, a GAAP consolidated subsidiary of Prospect, with the most recent upsize in the quarter ended September 30, 2024.
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Patrick Industries, Inc. Announces Private Offering of $400 Million of Senior Notes
October 7, 2024Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Senior Notes due 2032 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933 ("Securities Act").
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Gopher Resource Announces Capital Raise to Refinance Existing Debt
October 7, 2024Gopher Resource (“Gopher” or the “Company”), a leading environmental solutions provider in the United States and a portfolio company of Energy Capital Partners (“ECP”), today announced the closing of a refinancing transaction of its outstanding debt. The transaction was led by a consortium of new and existing lenders including lead lender Silver Point Finance.
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Summit Partners Raises $9.5 Billion for Twelfth U.S. Growth Equity Fund
October 7, 2024Summit Partners, a global growth equity investment firm, today announced the closing of its latest flagship U.S. growth equity fund. Summit Partners Growth Equity Fund XII (“Summit XII”) launched fundraising in late April 2024 and held its closing after approximately five months with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be the single largest investor in Summit XII.
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Amuze Secures Strategic Refinancing to Fuel Continued Growth
October 7, 2024Amuze, a leader in the gaming and amusement industry, is pleased to announce the successful refinancing of its debt in partnership with WhiteHorse Capital. This refinancing is a key step in enhancing Amuze's capital structure, providing the company with the financial flexibility to focus on its core operations, invest in growth initiatives, and continue delivering exceptional value to its stakeholders.
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William Blair Expands Private Capital Advisory Group in Europe
October 7, 2024William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today the expansion of the firm’s Private Capital Advisory team in Europe with the addition of Connor O’Keeffe as managing director. Based in London, O’Keeffe will focus on fund placement and advisory services for general partners (GPs) throughout Europe.
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Sallyport Commercial Finance Provides $1.5 Million to Floral Business
October 7, 2024Sallyport Commercial Finance is excited to announce the successful funding of a $1.5 million accounts receivable facility for a supplier in the floral industry. Specializing in salal, a key component in wreaths and floral bouquets, the company sought funding to manage the seasonal nature of their business, with over half of their sales occurring within a two-month period starting in October.
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Southland Announces Closing of $160 Million Senior Secured Credit Facility
October 7, 2024Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced the closing of a new $160.0 million senior secured term loan facility with Callodine Commercial Finance, LLC.
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Year-to-Date Commercial Chapter 11 Filings Increased 33 Percent Compared to Same Period Last Year
October 7, 2024The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include: A $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania; $400,000 factoring facility for a transportation company in Ontario.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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The Secured Lender
SFNet's 80th Annual Convention Issue