- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Ares Capital Completes $544 Million Debt Securitization
- Sidley Austin Represents J.S. Held in Acquisition of Luttrell Wegis
- US Revolvers Show Elevated Utilization, Solid Bankruptcy Recoveries
- Chicago Atlantic Provides Term Loan to One of World’s Largest Cloud-Based In-Store Clienteling Software Providers
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
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.
TSL Express Trending Story
Featured
The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.
TSL Express Daily Headlines & News
-
Stonebriar Announces Additions to the Originations Team
August 20, 2024Stonebriar Commercial Finance (“Stonebriar”) is pleased to announce two additions to its originations team. James Paterson and Vince Cornell joined Stonebriar as Managing Directors responsible for the development and management of relationships with clients, prospects and referral sources in the West and Southeast markets, respectively.
-
BGCGW Announces Joint-Initiative With Cohnreznick on Youth Professional Development
August 20, 2024Today, Boys & Girls Clubs of Greater Washington (BGCGW) and CohnReznick announced that they will be working together to provide hands-on professional development learning experiences to BGCGW teens and young adults as they enter the workforce and make crucial decisions about career paths.
-
Solifi Partners with LimePoint to Support Customer Access to Solifi’s Data Streaming Solution
August 20, 2024Solifi, a global fintech software partner for secured finance, announced that it has recently partnered with LimePoint, a technology specialist in real-time data processing and data streaming consumers, to broaden accessibility to Solifi’s data streaming microservice solution.
-
National Business Capital Continues Strategic Hiring with Expert Vincent Campbell
August 20, 2024After several key strategic hires at National Business Capital (“NBC”), we’re excited to announce the hire of yet another seasoned industry veteran, Vincent Campbell.
-
Monroe Capital Supports Goldman Sachs Alternatives’ Acquisition of Xpress Wellness
August 20, 2024Monroe Capital LLC (“Monroe”) 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 Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives.
-
AFC Gamma Provides a New Senior Secured Credit Facility to Private Company Q and Expands Existing Senior Secured Credit Facilities for BeLeaf Medical and Sunburn Cannabis
August 20, 2024AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC (“BeLeaf”) and Sunburn Cannabis (“Sunburn”) .
-
EverBank Launches New Asset-Backed Finance Division
August 20, 2024EverBank is proud to announce the formation of its Asset-Backed Finance (ABF) division, following the merger of its Fund Finance and Specialty & Lender Finance businesses. This new division will be led by Jeff Johnston, EVP Head of Asset-Backed Finance, and will continue to build on the bank's wide range of capabilities focused on alternative asset managers and the private capital industry.
-
Loeb Provides $1.5 Million Loan to Arizona Woodworking Company
August 19, 2024Loeb is excited to announce the successful funding of a $1.5 million loan to a woodworking client based in Arizona. This funding will enable the company to consolidate its existing debts and streamline its financial operations.
-
Tradewind Finance Announces $17 Million Credit Facility for Best-Selling Sporting Goods Brand
August 19, 2024Tradewind Finance, an international trade finance company, today announced that it has closed a USD 17 million credit facility for a best-selling consumer product manufacturer offering at-home sporting equipment.
-
Rosin Capital Group Launches Debt Capital Advisory Firm
August 19, 2024Rosin Capital Group is proud to announce the launch of a new debt capital advisory firm, founded and led by industry veteran John Rosin. With over 30 years of experience in direct lending, Rosin brings a deep understanding of the debt capital landscape. Most recently, he served as President and Chief Operating Officer of Wingspire Capital.
-
Advantage Business Capital Provides $5MM Asset-Based Loan to Upstream Oilfield Services Company
August 19, 2024Advantage Business Capital, a subsidiary of Central Bank, today announces that its asset-based lending (ABL) division has approved and funded a $5MM working capital revolver to a Houston, Texas headquartered upstream oil and gas services company.
-
Advantage Business Capital Welcomes Two New Employees to their Team
August 19, 2024Advantage Business Capital, a subsidiary of Central Bank, welcomes two new employees to their growing team. Liz Castillo, Senior Vice President, is Houston, Texas based and Lauren Hogan, Marketing Specialist, is Austin, Texas-based.
-
GoldenTree Asset Management Expands Private Credit Team
August 19, 2024GoldenTree Asset Management LP (“GoldenTree”), a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination.
-
In Memoriam: David Crumbaugh
August 19, 2024SFNet is saddened to inform you of the passing of David Crumbaugh. David Gordon Crumbaugh of Boca Grande, Florida passed away on August 15, 2024 in Coloma, Michigan surrounded by family. He was a brother, husband, father, grandfather, attorney, and mentor. He was 72 years old.
-
TAB Bank Provides $27.8 Million Funding to Support Growth and Expansion of Leading Aluminum Manufacturer
August 19, 2024TAB Bank has provided a $27.8 million credit facility for a leading manufacturer of aluminum extrusions based in southern California. The facility includes a $20 million revolver and a $7.8 million term loan. This partnership marks a significant step forward in ensuring the company thrives and expands in a competitive market.
-
Regions Bank Announces Retirement of Ronnie Smith, Appointment of Brian Willman as Head of Corporate Banking Group
August 19, 2024Regions Bank on Tuesday announced Ronnie Smith, head of the company’s Corporate Banking Group, will retire at the end of the year following more than four decades of service to Regions and its predecessor banks.
-
Winston & Strawn Boosts Litigation Practice in Washington, D.C. with Addition of Alexandra E. Chopin
August 19, 2024Winston & Strawn LLP announced today that Alexandra E. Chopin has joined the Washington, D.C. office as a partner in the Litigation Department.
-
Chris Ward Joins TD Bank as Regional President of the Mid-South Metro
August 19, 2024TD Bank, America’s Most Convenient Bank®, today announced that Chris Ward has been named Regional President of the Mid-South Metro, which includes Delaware, Maryland, the District of Columbia, Virginia, North Carolina and South Carolina.
-
Twain Private Credit Announces Federal Approval for New SBIC
August 19, 2024Twain Private Credit proudly announces the launch of its Truman Fund, following approval from the U.S. Small Business Administration (SBA) for a new Small Business Investment Company (SBIC) license. This landmark achievement marks the long-awaited presence of an active SBIC in Oklahoma, unlocking a windfall of capital for local businesses looking to grow and expand.
-
Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 19, 2024Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced that it has finalized a $458,688,000 term asset-backed security (ABS) transaction. The securitization was placed with a diverse group of institutional fixed income investors from 34 unique firms. JP Morgan Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue