- White Oak Global Advisors Announces Partnership with the United Submarine Alliance Qualified Opportunity Fund LP to Bolster Domestic Submarine Development
- Republic Business Credit Funds $250,000 Fast AR Factoring Facility for Temporary Staffing Firm
- RelPro Partners with Propense.ai to Deliver Enriched Data for Accounting and Legal Professionals
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Republic Business Credit Welcomes Brian Resutek as SVP, Southeast Regional Manager, Atlanta
Republic Business Credit is excited to announce the addition of Brian Resutek as Senior Vice President, Southeast Regional Manager. Resutek brings nearly two decades of experience in factoring, commercial finance, banking and business development. He joins a team at Republic that has grown by more than 20% in the first half of 2024 alone, adding seven key new hires in the past 90 days.
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A Unique Journey to Secured Finance: Interview with Jacob Shoihet and Peter Spradling of Marco Capital
Marco's co-founders discuss their backgrounds, Marco's success to date and future goals.
TSL Express Daily Headlines & News
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Gannett Announces Commitment Letter to Secure New Credit Facility to Refinance Existing Debt
August 26, 2024Gannett Co., Inc. (“Gannett”, “we”, “our”, or the “Company”) (NYSE: GCI) announced today it has entered into a commitment letter for a comprehensive debt refinancing that is expected to extend our debt maturities and significantly reduce future dilution from the Company’s 6.0% Senior Secured Convertible Notes due 2027 (the “2027 Notes”).
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A&O Shearman Expands U.S. Debt Finance Team with Addition of Alyssa Simon, High Yield Partner
August 26, 2024Alyssa was most recently at a leading investment bank in both London and New York where she was an executive director in leveraged finance, originating, structuring and executing large-cap, high-profile transactions for corporate and private capital clients. Her practice focuses on high-yield bond transactions used by private equity-backed issuers in complex domestic and cross-border acquisition financing.
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Accession Risk Management Group Closes $1 Billion Financing to Further Accelerate Growth of Risk Strategies and One80 Intermediaries
August 26, 2024Accession Risk Management Group, the parent company of Risk Strategies and One80 Intermediaries comprising North America’s ninth largest privately held insurance broker, has closed a $1 billion incremental debt raise and refinancing. The funding will further accelerate a remarkable growth trajectory driven by the continued acquisition of leading specialty brokerages and targeted organic expansion.
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Oaktree and AVANA Companies Launch $250 Million Joint Venture
August 26, 2024AVANA Companies, in collaboration with funds managed by Oaktree Capital Management, L.P., has announced the establishment of a $250 million joint venture named the AVANA-Oaktree Private Credit Partnership. This partnership is designed to support AVANA’s direct private commercial real estate lending strategy within the United States over the next three years.
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SFNet Key Sponsor Highlight: Hilco Global
August 23, 2024Hilco Global is a privately held diversified financial services company and the world’s preeminent authority on maximizing the value of assets for both healthy and distressed companies.
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Obra Capital Announces Credit Facility Refinancing and Access to Growth Capital
August 22, 2024Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that it has secured new funded and unfunded credit facilities. Proceeds from the new facilities were used to retire Obra’s existing publicly-syndicated debt and provide growth capital to the Obra platform.
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Liberty Defense Announces $4.3 Million USD Credit Facility With Parabilis to Support Working Capital
August 22, 2024Liberty Defense Holdings Ltd., a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that it has secured a term loan and revolving credit facility with US Government funding specialist Parabilis.
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Development Site Near Hollywood Walk of Fame Now Available
August 22, 2024A&G Real Estate Partners and Onyx Asset Advisors (ONYX) are accepting offers for a nearly 10,000-square-foot development parcel just steps away from the Hollywood Walk of Fame.
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Monroe Capital Supports Huron Capital’s Rampart Exterior Services Add-on Acquisition
August 22, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Independent Roofing Systems (“Independent”) by Rampart Exterior Services (“Rampart”), a portfolio company of Huron Capital.
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US Regional Bank Deals Rise as Lenders aim to Bolster Balance Sheets
August 22, 2024Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may attract anti-trust scrutiny.
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Wynnchurch Capital Announces Two Promotions and Five New Hires
August 22, 2024Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle-market private equity firm, announced today two promotions: Carl Howe: Promoted to Managing Director, Investment Team and Brian Riordan: Promoted to Managing Director, Investment Team
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Ameris Bank Expands Commercial Industry Expertise with Key Hires
August 22, 2024Ameris Bank recently welcomed two commercial banking industry veterans to its well-established team. Bill Kilburg joins Ameris as senior vice president, relationship manager and Patrick Murphy will serve as senior vice president, government relationship manager.
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Wolters Kluwer Earns Top 5 Global Ranking for Excellence in AI Product Innovation
August 22, 2024Wolters Kluwer has achieved a global top five ranking from Chartis Research for excellence in artificial intelligence (AI) innovation in the Chartis RiskTech AI 50 2024 report. The report explores the broad landscape of AI development and adoption in the financial services industry, showcasing the leading work of technology providers in this dynamic and rapidly evolving environment.
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Logan Energy Corp. Announces Second Quarter 2024 Results, Upsized Credit Facility and Executive Appointments
August 21, 2024Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2024, an increase to the borrowing base available under the Company's credit facility to $75.0 million, and enhancements to the executive management team.
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Logan Ridge Finance Corporation Amends and Extends its Existing Senior Secured Revolving Credit Facility
August 21, 2024Logan Ridge Finance Corporation (Nasdaq: LRFC) (the “Company”) today announced that it has amended and extended its existing senior secured revolving credit facility (as amended, the “Credit Facility”) with KeyBank National Association.
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KROST CPAs Combines with EisnerAmper
August 21, 2024Global business advisory firm EisnerAmper announces that the partners and colleagues of Los Angeles-area CPA firm KROST CPAs are joining EisnerAmper in a combination expected to close in September 2024.
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Houlihan Lokey Expands Global Technology Group With Senior Software Hire
August 21, 2024Based in San Francisco, Mr. Rhizor will join the Technology Group where he will focus on the social impact/nonprofit and office of the CFO software sectors and will collaborate with members of the FinTech Group in the latter.
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A Virtual Reality Company Receives a $1,000,000 Facility from Prestige Capital
August 21, 2024A Northeastern virtual reality technology company needed capital to advance beyond its beta testing stage. After reaching out to their large institutional bank for support, the company was referred to Prestige Capital due to being too early-stage for traditional bank financing.
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Gordon Brothers Welcomes Kasey Fagan to Drive Business Development in the Midwest
August 21, 2024Gordon Brothers, the global asset experts, has welcomed Kasey Fagan to drive business development in the Midwest. In this role, Fagan will accelerate Gordon Brothers’ continued growth in the region by providing integrated solutions across the firm’s expanded asset services, lending, financing and trading platform.
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Aspen Aerogels, Inc. Announces $125 Million Term Loan and $100 Million Revolving Credit Facility with MidCap Financial, and Full Cash Redemption of Legacy Convertible Note
August 20, 2024Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has closed on a $125 million term loan facility and $100 million capacity asset-based revolving credit facility with MidCap Financial, a leading commercial finance company managed by Apollo Capital Management, L.P., focused on middle market transactions.
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