- Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
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- Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
- Granite Comfort Announces Asset-Based Credit Facility to Propel its HVAC Infrastructure-as-a-Service Offering
- CohnReznick Expands Philippines Footprint
TSL Express Daily Articles & News
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Citigroup’s Shapleigh Smith Retiring; Shane Azzara to Head Asset-Based and Transitional Finance
Shane Azzara is taking over as head of asset-based and transitional finance at Citigroup Inc., succeeding Shapleigh Smith who is retiring as of May 1.
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SFNet's Emerging Leaders Summit Heads to the West Coast
SFNet's Emerging Leaders Summit, a dynamic conference designed to unite professionals with 6-15 years of experience in secured lending, is heading to the West Coast for the first time since its inception in 2018. The event will provide an opportunity to glean insights from seasoned titans who have navigated the intricacies of the field. Attendees can expect to engage in thought-provoking panels where industry luminaries will offer a unique perspective on both the industry and effective leadership.
TSL Express Daily Headlines & News
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TriplePoint Venture Growth BDC Corp. Renews Revolving Credit Facility
August 8, 2024TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it has entered into an amendment to its revolving credit facility (“Credit Facility”) to, among other things, extend the revolving period from August 31, 2024 to November 30, 2025 and the scheduled maturity date from November 30, 2025 to May 30, 2027.
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Arijit Roy Appointed to U.S. Bank Managing Committee
August 8, 2024U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Arijit Roy will become the newest member of its Managing Committee, a group of 16 executives with various responsibilities for the organization’s revenue lines, enabling functions and independent risk teams.
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Allegro Microsystems Secures $400 Million Term Loan Deal
August 8, 2024In a strategic financial move, Allegro Microsystems, Inc. (NASDAQ:ALGM) has entered into a significant amendment to its existing credit agreement, securing a new $400 million tranche of term loans. This financial maneuver, which took place on Monday, was detailed in a recent 8-K filing with the Securities and Exchange Commission.
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CIT Northbridge Credit Provides $45 Million to MacPherson's
August 8, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $45 million revolving credit facility to creative materials distributor, MacPherson's.
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TAB Bank Welcomes Tami Fisher as New Chief Information Officer
August 8, 2024TAB Bank announces the appointment of Tami Fisher as its new Chief Information Officer (CIO). She joins TAB Bank with nearly two decades of extensive experience developing and executing enterprise strategies to optimize operations and technology outcomes.
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Monroe Capital Leads ~$300mm Asset-Based Financing to Triad Financial Services, Inc.
August 8, 2024Monroe Capital LLC (“Monroe”), on behalf of its investment funds, has announced it has established a partnership with Triad Financial Services, Inc. (“Triad”) to originate and purchase commercial Community Rental loans made to manufactured home community owners. The initial pool is expected to be ~$300 million.
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Gordon Brothers Launches Real Estate Services Practice in EMEA
August 8, 2024Ben Lovell, Senior Director, Real Estate, EMEA has joined Gordon Brothers to lead the growth of the Real Estate Services practice in the region. Lovell is joined by Daniel Smith, Director, Real Estate, EMEA and Richard Maden, Director, Real Estate, EMEA.
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Midwestern Technology Company Strengthens Their Business with a $3,500,000 Facility from Prestige Capital
August 7, 2024A venture capital-backed Midwestern technology company specializing in worker verification services secured a $3.5 million financing facility from Prestige Capital to fulfill a new government contract and drive growth beyond its existing funding source.
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CapitalPlus Financial Services Facilitates $350,000 in Factoring for a Georgia-based Roofing Contractor
August 7, 2024CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
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Benoit Geurts Joins Gordon Brothers as Managing Director, Intellectual Property, EMEA
August 7, 2024Benoit Geurts has joined Gordon Brothers, the global asset experts, as Managing Director, Intellectual Property, EMEA. In this role, Geurts partners with the firm’s corporate recovery and global valuations teams to provide valuation, advisory and monetisation services for intellectual property (IP) assets to support businesses and their advisors in restructuring and recovery situations across Europe, the Middle East and Africa.
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eCapital Welcomes Matthew Tobin as SVP, Business Development Officer, to Drive West Coast Growth
August 7, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has appointed Matthew Tobin as SVP, Business Development Officer within its ABL Group.
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Hilco Real Estate Announces Major Expansion in Receivership Services
August 7, 2024Hilco Real Estate (HRE) is announcing the significant expansion of its Real Estate receivership practice. The arrival of Matthew Mason as Senior Vice President marks a pivotal moment in this expansion, promising exciting growth and enhanced capabilities for HRE.
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US Capital Global Expands New York Office with New Vice President, Michael Cacciaguida
August 7, 2024US Capital Global, a premier global private financial group serving the middle market, is pleased to announce the appointment of Michael Cacciaguida as Vice President at its New York City office. Mr. Cacciaguida brings over 30 years of expertise in sponsor and institutional financing solutions.
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SunPower Files for Bankruptcy Protection, Agrees to Sell Some Assets for $45 Million
August 7, 2024Solar firm SunPower (SPWR.O), opens new tab said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria (CSLR.O), opens new tab for $45 million in cash.
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CIBC Innovation Banking Provides Growth Capital to Andgo
August 7, 2024CIBC Innovation Banking announced today that it has provided growth financing to Andgo Systems Inc., a market leader in workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries. The company will use the financing to further fuel its accelerated expansion across North America.
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B. Riley Securities Serves as Lead Bookrunner to Atlanticus Holdings Corporation in $60 Million Senior Notes Offering
August 7, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as lead bookrunner to Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus” or the “Company”) in the closing of its $60 Million principal amount of 9.25% Senior Notes due 2029 in previously announced follow-on offering.
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SLR Digital Finance Provides $10 Million Credit Facility to Inuvo, Inc. to Support Growth and Operations
August 7, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is proud to announce the provision of a $10 million asset-based credit facility to Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology powered by its proprietary IntentKey® artificial intelligence (AI). This facility will support Inuvo's continued growth and operational needs.
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Texas Capital (TCBI) Unveils Capital Direct Lending Platform
August 6, 2024TCDL will offer non-bank private capital to the middle market. TCDL will be an integral part of Texas Financing's Corporate & Investment Bank, allowing Texas Capital clients and prospects to access a broader range of financing solutions.
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Jushi Holdings Inc. Refinances Existing 1st Lien Credit Facility with US$48.5 Million Term Loan – Strengthening Its Capital Structure with No Debt Maturities Until 2026
August 6, 2024Jushi Holdings Inc., a vertically integrated, multi-state cannabis operator, announced that it has completed the refinancing of its approximately US$53 million senior secured credit facility due December 31, 2024 through the issuance of a new US$48.5 million senior secured Term Loan and use of approximately US$7.4 million from cash on hand, which includes fees associated with the refinancing.
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Arcosa, Inc. Announces Launch of $700 Million Term Loan B
August 6, 2024Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our,”) today announced that it is launching a proposed senior secured Term Loan B Facility due 2031 in an aggregate principal amount of up to $700.0 million (the “Term Loan”).
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The Secured Lender
SFNet's 80th Annual Convention Issue