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.
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Horizon Technology Finance Provides $35 Million Venture Loan Facility to Vesta Healthcare
September 5, 2024Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced that on July 30, 2024 it provided a $35 million venture loan facility to Vesta Healthcare (aka Hometeam Technologies, Inc.), of which $25 million has been initially funded.
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MidCap Business Credit LLC Completes $6 Million Asset-Based Credit Facility
September 5, 2024MidCap Business Credit LLC, announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of power transfer equipment located in the Northeast.
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Cerebro Capital Facilitates Over $150MM in Financings for 13 Companies
September 5, 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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Hedaya Capital Provides $3 Million Letter of Credit Facility to Consumer Products Company
September 3, 2024The Hedaya Capital Group provided a $3.0 million letter of credit facility to a well-established consumer products brand selling direct to consumers through their own website. The company sells premium-quality, extra-soft pajamas for women, men, children and babies, and even matching pajamas for pet lovers to keep their dogs and cats warm and cozy.
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Sallyport Announces $7,000,000 Accounts Receivable Finance Supporting Acquisition
September 3, 2024Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business - an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers.
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US Pharmacy Chain Rite Aid to Operate as a Private Company as It Emerges From Bankruptcy
September 3, 2024Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.
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Harney Capital Launches to Provide Capital and M&A Solutions to the Middle Market
September 3, 2024Harney Capital, a newly formed national boutique investment banking firm, proudly announces its launch to provide comprehensive capital and M&A solutions designed for private and closely held middle market companies.
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Corus Entertainment Announces Amendment Of Credit Facility
September 3, 2024Corus Entertainment Inc. (TSX: CJR.B) ("Corus" or the "Company") announced today that it has completed an agreement to amend (the "Amendment") its Sixth Amended and Restated Credit Agreement with its bank group, led by RBC Capital Markets and TD Securities, as co-leads, dated March 18, 2022, as last amended on May 30, 2024 (the "Credit Facility").
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Gibraltar Business Capital Provides $13MM to Integrated Beverage Group
September 3, 2024Integrated Beverage Group (“IBG”), a Denver-based national marketer of branded wine and spirits and a top wine producer in Oregon, required a financing partner to provide more liquidity than its current bank working capital line of credit. IBG sells to various distributors, who sell to retailers such as Publix, Costco, and Trader Joe’s. The Company also sells wine directly to consumers through its wine clubs and tasting room.
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Loeb Provides $2 Million Loan to Massachusetts Forestry Company
September 3, 2024Loeb is happy to announce the fast funding of a $2 million loan to a client in the forestry industry based in Massachusetts. The loan will enable the company to acquire two additional companies and pay off outstanding debt, ensuring continued growth and operational efficiency.
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Celtic Capital Corporation Announces New Client Relationship
September 3, 2024Celtic Capital Corporation today announced its most recent new client relationship – a tree and other vegetation services company for both commercial and residential use.
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Making Moves in Hawaii - Logistics Business Secures $1.25M
September 3, 2024Sallyport Commercial Finance is thrilled to announce the successful funding of $1,250,000 in Accounts Receivable (AR) financing for a transportation and logistics company based in Hawaii.
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CapitalPlus Financial Helps Alabama-Based Concrete Contractor Secure Working Capital for Expanded Growth
September 3, 2024CapitalPlus Financial Services, a leading provider of factoring solutions to the construction industry, has successfully assisted a concrete and rebar contractor based in Alabama with a $460,000 facility to support their working capital needs
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Holland & Knight Continues Growth of Financial Services Team with Addition of Paul Libretta in New York
September 3, 2024Holland & Knight has strengthened its Financial Services Team with the addition of Paul Libretta as a partner in New York. Mr. Libretta represents issuers, investors, borrowers, lenders, sellers, buyers, hedge funds, private credit funds and other financial institutions in connection with structured finance, securitizations and asset-backed lending transactions. He was previously of counsel at Winston & Strawn.
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First Citizens Bank Arranges Credit Facility Upsize for SG Credit Partners’ ABL Verticals
September 3, 2024First Citizens Bank today announced that its Asset-Based Lending business served as lead arranger in upsizing the credit facility for SG Credit Partners’ asset-based lending verticals comprised of SG Consumer Products and SG Commercial Finance, which focus on sponsor-backed CPG companies and the general lower middle market, respectively.
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Briar Capital Real Estate Fund provides $2.3MM Commercial Real Estate loan to a Tennis and Aquatic Recreational Facility
September 3, 2024Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $2.3MM commercial real estate loan in Georgia to a Tennis and Aquatic Recreational Facility. The transaction was a refinance of a 6-year-old seller note where the seller desired to exit the debt to focus on other opportunities.
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Zeta Announces Successful Completion of Debt Refinancing
September 3, 2024Zeta Global (NYSE: ZETA), the AI-Powered Marketing Cloud, today announced that it has successfully closed a $550 million loan facility to refinance its existing debt and lower its credit spreads. This new debt is a combination of $200 million Term Loan A and a $350 million Revolving Credit Facility, which remains undrawn at the time of closing.
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Wingspire Equipment Finance Celebrates Major Milestone: $2 Billion in Funded Volume
August 29, 2024Wingspire Equipment Finance proudly announces a significant company milestone, surpassing $2 billion in funded transactions. This landmark accomplishment underscores the company's rapid growth and dedication to providing exceptional financial solutions for its clients.
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Musim Mas Signs its first Sustainability-Linked Loan with Rabobank and HSBC Bank
August 29, 2024Musim Mas is proud to announce its inaugural Sustainability-Linked Revolving Credit Facility, marking a significant step in its commitment to sustainable business practices.
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Parafin Closes $93M Debt Facility with Jefferies and Trinity Capital Inc.
August 29, 2024Parafin, a leading innovator in embedded finance, announced today that it closed a $93M debt facility with Jefferies and Trinity Capital Inc. Their investment has the potential to increase to $187M. The substantial funding from Jefferies and Trinity, both known for their strategic investments in pioneering technologies, will support Parafin’s ability to offer capital to small businesses. Earlier this year, Parafin secured $125 million from Silicon Valley Bank and Trinity Capital Inc.
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The Secured Lender
SFNet's 80th Annual Convention Issue