- Q4 2024 RSM US Middle Market Business Index
- Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announce a Merger of Equals to create a Premier Northeast Banking Franchise
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- Pathward Lends $21.6 Million to Furniture and Lifestyle Goods Manufacturer
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TSL Express Daily Articles & News
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Today's Top Story
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Asset-based loan commitments grew in 2023, with fewer new clients, but larger deals
Economic twists and turns marked 2023 but the asset-based lending market still saw growth in commitments of working capital, according to data released by the Secured Finance Network (SFNet). And while there were fewer new client deals last year than in 2022, the deals were larger in size.
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The Pursuit of Happiness: How Robyn Barrett created a woman-owned empire in the factoring space while staying true to who she is
Robyn Barrett is the SVP, managing director of Oxford Commercial Finance (“OCF”). OCF offers factoring and asset-based lending lines of credit to small to mid-sized to access the capital needed to grow.
TSL Express Daily Headlines & News
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Monroe Capital Supports PrecisionX Group’s Add-on Acquisitions
September 10, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of Ditron, Inc. (“Ditron”) and MSK Precision Products, Inc. (“MSK”) by PrecisionX Group (“PrecisionX”), an existing portfolio company of CORE Industrial Partners.
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QuickFi® Wins Best Embedded Finance Solution at the 2024 Finovate Awards
September 10, 2024QuickFi® is honored to win Best Embedded Finance Solution at the 2024 Finovate Awards. QuickFi makes business equipment financing fast and efficient for global OEMs, banks, and small business borrowers.
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Cerebro Capital Facilitates Over $150MM in Financings for 13 Companies
September 9, 2024Cerebro Capital recently announced they had facilitated over $150MM in financings for 13 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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Cerebro Capital Facilitates Over $150MM in Financings for 13 Companies
September 9, 2024Cerebro Capital recently announced they had facilitated over $150MM in financings for 13 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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First Citizens Bank Serves as Co-Lead Arranger on $300 Million Credit Facility for Swift Current Energy
September 9, 2024First Citizens Bank today announced that its Energy Finance business served as co-lead arranger on a $300 million senior secured credit facility for Swift Current Energy, a leading North American clean energy platform.
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North Avenue Capital Expands Small Business Lending Nationwide with SBA 7(a) Loans
September 9, 2024- North Avenue Capital, a leader in innovative financing solutions for rural America, is making a significant addition to its lending products thereby extending its reach into urban and suburban communities. As of July 1, 2024, North Avenue Capital is now offering SBA 7(a) loans nationwide, doubling down on its government-guaranteed lending expertise while broadening its service to small businesses beyond rural America.
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Wallis Bank Expands Texas Footprint With the Opening of New Sugar Land Branch
September 9, 2024Wallis Bank is excited to announce the opening of its new full-service branch in Sugar Land, Texas. The branch officially opened on August 28, 2024, marking another significant milestone in Wallis Bank's commitment to supporting the growth and financial well-being of communities across Texas.
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SLR Business Credit Closes New $2 Million Credit Facility for Quantori
September 9, 2024SLR Business Credit ("SLRBC") is pleased to announce the completion of a $2 million credit facility for Quantori. Based in Cambridge, Massachusetts, Quantori is a comprehensive digital IT service provider for the life sciences and healthcare sectors.
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Dan Amato Joins Cahill’s New York Office as a Partner in its Private Credit Practice
September 9, 2024Cahill Gordon & Reindel LLP announced today that Dan Amato has joined the firm in New York, where he will serve as a partner in the Private Credit practice. Dan is the second partner to recently join Cahill’s fast-growing Private Credit practice, following Peter Williams’ arrival from KKR as Co-Head of the practice in July.
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A&C Advisors LLC Expands to United Kingdom, Names Olga Romanova as Director
September 9, 2024A&C Advisors LLC, a strategic advisory firm for the global investment management industry, has expanded to the United Kingdom and named industry veteran Olga Romanova as a Director.
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CIBC Announces Executive Appointments
September 9, 2024CIBC (TSX: CM) (NYSE:CM) President and CEO Victor Dodig today announced senior leadership appointments that position the bank to continue executing on its client-focused strategy and build on its momentum in creating sustainable value for all stakeholders.
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Peter K. Scaturro, Former Partner at Goldman Sachs Global Private Client and Former CEO of Citigroup Global Private Bank, joins Star Mountain Capital as Senior Advisor
September 9, 2024Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 8/31/2024) focused on generating defensive, premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Peter Scaturro has joined as Senior Advisor.
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Big Lots, Inc. Enters Into Sale Agreement With Nexus Capital Management LP
September 9, 2024Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations.
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Race Communications Announces New Capital Raise to Accelerate California Expansion
September 9, 2024Race Communications, a leading Fiber-to-the-Home (FTTH) provider in California, announced today that it has secured more than $500 million in additional capital to accelerate the expansion of its fiber network across the state.
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Power Solutions International Announces New Credit Agreement with Standard Chartered Bank and New Shareholder Loan Agreement with Weichai America
September 9, 2024Power Solutions International, Inc. (the “Company” or “PSI”) closed on its new uncommitted senior secured revolving credit agreement (the “Credit Agreement”), with Standard Chartered Bank (“Standard Chartered”) and two other lenders.
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Milberg Factors Adds Gino Clark as Senior Vice President to Team
September 9, 2024Gino Clark, a native Californian with over 30 years of experience in asset-based lending and factoring, has joined Milberg Factors as senior vice president.
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Troutman Pepper and Locke Lord Announce Merger
September 9, 2024Troutman Pepper and Locke Lord have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, with a meaningful presence in all 10 of the largest U.S. legal markets.
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BRG Further Expands International Arbitration and Cross-Border Disputes Team with Appointment of Leading Expert in New York
September 9, 2024BRG today announces the appointment of Michael Seelhof, a renowned expert in investment and commercial arbitration, who joins the firm's New York office. Seelhof brings three decades of experience in valuation and financial analysis supporting counsel, tribunals, funders and corporations as an expert witness and investment banking practitioner.
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National Business Capital Partners with Construction Factoring Company on $1MM in Subordinated Debt Financing
September 9, 2024As the world has returned to in-person events, companies that support these events are experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts.
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EdgeCore Digital Infrastructure Completes $1.9 Billion Equity Investment to Fuel Continued Rapid Development of Hyperscale Data Centers Designed for Density
September 9, 2024EdgeCore Digital Infrastructure, a wholesale data center developer, owner, and operator, today announced the completion of a $1.9 billion capital investment to fund continued development of hyperscale data center space across its portfolio.
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The Secured Lender
SFNet's 80th Annual Convention Issue