- PPL Group Sells Structural Steel Fabrication Business as a Turn-Key Facility
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
- Bain Capital Closes Global Special Situations Fund
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Getzler Henrich Names Michael Osment Managing Director in Detroit Office
Michael Osment has joined Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the Detroit office.
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An Interview with Bobby Bans, Managing Director of Western Region Originations at Wells Fargo Capital Finance (WFCF)
In this installment of our series of executive interviews, Charlie Perer sits with Bobby Bans to hear his views about his new role at Wells Fargo Capital Finance, the future of ABL, executive development and competition, among other things.
TSL Express Daily Headlines & News
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Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan
August 1, 2024Morgan Stanley, Barclays, UBS, Bank of America, JPMorgan, Mizuho and SMBC are acting as joint lead arrangers and book-runners for the Term Loan. PJT Partners is acting as financial advisor to Allegro.
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Goldman Sachs Alternatives Makes $440 Million Strategic Investment in BrightNight to Fund Continued Growth
August 1, 2024BrightNight (the "Company"), a leading renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions, announced today a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.
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Comvest Credit Partners Provides Financing to Support Acquisition of TFS
August 1, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) to support the acquisition of TFS, Ltd. (“TFS”), by Southfield Capital.
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Neuronetics Announces the Closing of up to $90 Million Senior Secured Credit Facility with Perceptive Advisors
August 1, 2024Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it entered into a debt facility of up to $90 million with Perceptive Advisors LLC (Perceptive). Under the term loan, Neuronetics received the first tranche of $50 million at closing.
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Thumbtack Announces $75 Million in Financing from Silicon Valley Bank and Hercules Capital
August 1, 2024Thumbtack, the technology company helping millions of people confidently care for and improve their homes, today announced $75 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The debt facility provides access to efficient capital and liquidity for Thumbtack as it continues to bring the $600 billion home services industry online.
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Siena Lending Group Closes New $10 Million Credit Facility for Townsen Memorial Health System
August 1, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations.
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First Bancorp Announces Retirement of Director
July 31, 2024The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024.
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The Lovesac Company Announces a Five-Year Extension of Its Credit Facility and Inaugural Share Repurchase Program
July 31, 2024The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that it has entered into a five-year extension of its revolving credit facility and that its Board of Directors has authorized a share repurchase program.
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Franklin Templeton Canada Introduces Benefit Street Partners' Private Credit Expertise
July 31, 2024Franklin Templeton Canada today introduced Benefit Street Partners' private credit investment strategy to Canadian qualified investors, accessible through iCapital's customized technology and servicing solutions.
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Alleon Healthcare Celebrates 15 Years in Healthcare Accounts Receivable Financing and Factoring
July 31, 2024Alleon Healthcare, a premier healthcare accounts receivable financing firm, proudly celebrates its 15th anniversary. For over a decade and a half, Alleon Healthcare has been dedicated to providing innovative financial solutions that empower healthcare providers to optimize cash flow while focusing on delivering quality patient care.
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First Citizens Bank Provides $25 Million to Largest Wholesale Distributor of Plumbing, Heating and Industrial Products in Northeast
July 31, 2024First Citizens Bank today announced that its Middle Market Banking business provided $25 million in financing to F.W. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S.
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King Trade Capital Announces Move of Dallas Headquarters
July 31, 2024King Trade Capital is pleased to announce the move of our Dallas headquarters to a new location that better serves our clients, prospects, and the King Trade Capital team.
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Transportation Leader Secures $20 Million Factoring Facility with eCapital
July 31, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced a new $20 million non-notification factoring facility for a large private transportation company servicing clients across North America.
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Cegedim: New €230 Million Financing Arrangement
July 31, 2024Cegedim has secured a new financing arrangement consisting of a €230 million syndicated loan. The arrangement is split into €180 million of lines drawn upon closing to refinance the Group’s existing debt (RCF and Euro PP, which mature in October 2024 and October 2025 respectively) and an additional revolving credit facility (RCF) of €50 million.
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Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital
July 31, 2024A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client.
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esVolta Secures $258 Million Credit Facilities for ERCOT Storage Portfolio
July 31, 2024esVolta, LP announced completion of $258 million senior secured credit facilities for a 980 MWh portfolio of standalone battery energy storage projects.
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REV Capital Streamlines Market Strategy, Refines Path to Leadership in North American Commercial Finance Sector
July 31, 2024REV Capital launches a new market strategy focused on providing leading commercial finance solutions across North America, signaling a pivotal advancement for the company. As part of the strategy, REV Capital also announces the transition of their US transportation portfolio to Love's Solutions, LLC d/b/a Love's Financial, the Oklahoma-based financial services division of Love's Travel Stops.
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Daniel Harari Joins Mitsubishi HC Capital America as Senior Vice President, Corporate Development – M&A and Investments
July 31, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Daniel Harari has joined the company as Senior Vice President, Corporate Development – M&A and Investments.
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Ares Management Secures $34bn for US Senior Direct Lending Strategy
July 31, 2024Ares Management Corporation, a global alternative investment manager, has reached its final close of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). SDL III had more equity commitments than it had anticipated, totalling around $15.3bn, compared to its original $10.0bn goal. With potential leverage and equity commitments in linked vehicles, the overall capital base for SDL III is estimated to be around $33.6bn.
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BizCap® Secures $20 Million Credit Facility for Arizona Athletic Grounds
July 30, 2024BizCap®, a commercial finance advisory firm established in 2002, is pleased to announce its instrumental role in securing a $20 million Credit Facility for Arizona Athletic Grounds (“AAG”), the leading youth sports and entertainment facility in Mesa, Arizona.
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The Secured Lender
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