TSL Express Daily Articles & News
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Asset-Based Lending Data Show Industry Remains Healthy, with Moderately Improving Outlook
Banks and other lenders shared a mostly positive outlook for the asset-based lending market in the first quarter, fueled by predictions of a soft landing for the U.S. economy. But they are mindful of looming regulatory changes and continue to monitor portfolios for signs of post-pandemic stress, according to data released by the Secured Finance Network (SFNet).
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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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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024Tiger Finance's lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.
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SLR Credit Solutions Agents Senior Credit Facility For Quantcast
July 9, 2024SLR Credit Solutions (“SLR CS”) announced the closing of a $65 million Senior Credit Facility for Quantcast Corporation (“Quantcast” or the “Company”), a leader in applying artificial intelligence (AI) to programmatic advertising.
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Rosenthal & Rosenthal Closes Three California-Based Transactions
July 9, 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 asset-based lending transactions totaling $7.5 million and one collection factoring facility.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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Delos Capital Announces Formation of Financial Advisory Group and Expansion of Investing Operations
July 9, 2024Delos Capital Management today announced that Ari Lefkovits and Andrew Schweibold have joined as co-managing partners alongside current managing partner Matt Constantino. Together, they will provide a unique value proposition for companies looking to address their capital structure and strategic needs.
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Churchill Downs Incorporated Closes Amendment to Extend Maturity Date of its Revolving Credit Facility and Term Loan A Facility
July 8, 2024Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that CDI successfully closed an amendment of its senior secured credit agreement to extend the maturity date of its revolving credit facility and term loan A facility from 2027 to 2029 and to make certain other changes to its existing credit agreement.
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Precision Drilling Extends Senior Credit Facility and Provides Progress Update on 2024 Debt Repayment and Share Repurchase Targets
July 8, 2024Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) is pleased to announce that it has successfully extended its Senior Credit Facility and with strong cash flow generation during the first half of the year, it is well on track to meet its 2024 debt reduction and share repurchase targets.
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Greenlane Renewables Extends $26.5 Million Credit Facility
July 8, 2024Greenlane Renewables Inc. ("Greenlane" or the "Company") (TSX: GRN) (FSE: 52G) today announced that the Company has extended its $26.5 million standby letter of credit facility (the "Facility") to April 30, 2025. The Facility is secured by a guarantee from Export Development Canada.
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CyrusOne Secures $9.7 Billion in New Debt Capital to Fund Datacenter Growth
July 8, 2024CyrusOne, a leading global data center owner, developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, today announced the closing of a $7.9 billion Warehouse Credit Facility. The executed transaction is incremental to the $1.8 billion Revolving Credit Facility financing completed in May, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders.
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Rosenthal & Rosenthal Closes Three California-Based Transactions
July 8, 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 asset-based lending transactions totaling $7.5 million and one collection factoring facility.
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Sallyport Commercial Finance Provides $2 Million to a Canadian Distribution & Storage Business
July 8, 2024Sallyport Commercial Finance announced it has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage company based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts.
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PPL Group to Auction Oilfield Directional Drilling Company in West Texas
July 8, 2024PPL Group will be conducting a webcast auction for the assets of AIM Directional Services, LLC – a leader in Directional Drilling, Mud Motor Services and Measurement While Drilling (MWD) Services and Tools for the oilfield.
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Flushing Bank Welcomes Gary Raisig as Senior Vice President and Group Sales Executive for Business Banking
July 8, 2024Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that Gary Raisig has joined the bank as Senior Vice President and Group Sales Executive for the Business Banking team. Reporting to the Director of Business Banking, Raisig succeeds the retiring Group Sales Executive ensuring a smooth transition in continuing its commitment to midsize businesses in the local New York market.
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Grant Thornton’s Jim Wittmer Named Managing Principal of the Firm’s Atlantic Coast Region
July 8, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Jim Wittmer the managing principal of the firm’s Atlantic Coast region. In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Baltimore, Pittsburgh and Philadelphia, where he is based.
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