- Granite Comfort Announces Asset-Based Credit Facility to Propel its HVAC Infrastructure-as-a-Service Offering
- Saltire Capital Ltd. Announces Closing of Credit Facility
- Beacon Pointe Advisors Hires CFO Jon Frojen
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- Clifford Chance Announces Hire of Third US Private Equity Partner Vince Ferrito in New York
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SFNet Launches IMPACT Awards to Celebrate Excellence in the Secured Finance Industry
SFNet is proud to unveil our new program to celebrate excellence in the secured finance industry: the SFNet IMPACT Awards. Created to honor innovation and leadership, these awards will demonstrate the crucial role that our SFNet community of members play in putting capital to work.
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Ally and Affinity Groups: Helping to Bring Our True Selves to Work
Industry ally and affinity group members and leaders share their stories and discuss how their organization’s groups began and their benefits.
TSL Express Daily Headlines & News
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CIBC Innovation Banking Provides Growth Capital to Boosted.ai
August 19, 2024CIBC Innovation Banking announced today that it has provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and US market.
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Tower Partners Lands Buyer for REV Capital’s U.S. Transportation Factoring Portfolio: The Financial Unit of Love’s Travel Stops
August 19, 2024Tower Partners, a lower-middle market investment bank with a focus on family, founder, and entrepreneurial-led businesses, announced today that it has successfully executed the sale of REV Capital’s U.S. transportation factoring portfolio to the financial services division of Love’s Travel Stops.
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nFusion Capital Fuels Growth with Enhanced Junior Capital Facility from Haversine
August 19, 2024nFusion Capital Finance, LLC, a leading commercial finance company for entrepreneurs, announced that it has increased its junior capital credit facility to $17.5 million with Haversine Funding. Last month, nFusion announced that it had increased its senior secured credit facility with a consortium of lenders.
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SSG Places Debt Financing for Pegasus Home Fashions
August 19, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities (collectively, “Pegasus” or the “Company”) in the private placement of a $25 million revolving credit facility with Ares Management, LLC. The financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for growth.
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King Trade Capital Upsizes Purchase Order Finance Facility to Dry Foods Manufacturer by 50%
August 15, 2024King Trade Capital (“KTC”) is pleased to announce the finance facility increase of $2.5MM for an existing dry baked goods manufacturing client.
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Cliffwater Corporate Lending Fund Announces Completion of $1.370 Billion Investment Grade Secured Notes Offering
August 15, 2024Cliffwater Corporate Lending Fund ("CCLFX" or "the Fund"), a diversified interval fund focused on consistent income through corporate middle market direct lending, is pleased to announce the closing of its seventh privately-placed Senior Secured Notes (the "Notes") offering, totaling $1.370 billion in principal amount.
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Prestige Capital Extends a $1,000,000 Facility to a Southeastern Based Technology Company
August 15, 2024A technology company that designs software for call centers required capital to support its growth. In partnership with the company's investor, Prestige Capital provided the necessary funds for this business to expand.
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Monroe Capital Supports Medusind’s Add-on Acquisitions
August 15, 2024Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors.
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ADMA Biologics Announces Partial Paydown of Revolving Credit Facility
August 15, 2024ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced it has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital.
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Cannabis Operator TerrAscend Secures $140 million Loan
August 15, 2024TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.
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BHI Provides $35 Million In Financing to Naftali Group for A 70-Story Mixed Used Development
August 14, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $35 million to Naftali Group, a leading privately held, global real estate development and investment firm, in predevelopment financing for a 70-story tower located at 1016 NE 2nd Avenue in Miami Florida.
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Sameer Kapoor Bolsters Parker Hudson’s Bankruptcy, Restructuring & Creditor Rights Practice
August 14, 2024Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is pleased to announce that Sameer Kapoor has joined the Firm’s Atlanta office as a partner in the Bankruptcy, Restructuring & Creditor Rights Practice Group.
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SLR Healthcare ABL Provides $5MM Asset-Based Revolving Credit Facility to Large Regional Home Care Agency
August 14, 2024SLR Healthcare ABL has provided a $5MM asset-based revolving credit facility to a large regional home care agency providing Medicaid personal care services to over 1,200 elderly and disabled adults.
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Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 14, 2024Charlotte-based equipment finance company closes its eighteenth asset-backed security transaction, providing funding for ongoing growth.
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eCapital Provides $15 Million Facility to Support Water Brand’s Growth Through Accounts Receivable and Inventory Financing
August 14, 2024eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company.
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Republic Business Credit Funds $4.25 Million Asset-Based Loan for Food and Beverage Manufacturer
August 13, 2024When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.
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King Trade Capital Provides a 50% Increase of Purchase Order Finance Facility to Dry Foods Manufacturer
August 13, 2024The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help.
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Avon Owner Files for Bankruptcy After Wave of Talc Cancer Claims
August 13, 2024The cosmetics company’s parent group, Avon Products, said it recently filed for Chapter 11 bankruptcy protection in the US to stave off debt pressures and the impact of looming lawsuits.
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Flatbay Capital Closes a $3.9MM Loan for Alloy Manufacturer
August 13, 2024Flatbay Capitals provided a $3.9MM sale leaseback loan to pay off company's remaining loan to the incumbent lender and provide extra cash to finance working capital.
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Davis Polk Adds Trio of Asset Management Partners
August 13, 2024Davis Polk & Wardwell is continuing its lateral expansion with a trio of asset management partners from Debevoise & Plimpton in New York.
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The Secured Lender
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