- CohnReznick’s Sun Named a Top 25 Cybersecurity Consultant and Leader
- White Oak Global Advisors Announces Partnership with the United Submarine Alliance Qualified Opportunity Fund LP to Bolster Domestic Submarine Development
- Beacon Pointe Advisors Hires CFO Jon Frojen
- eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
- CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
TSL Express Daily Articles & News
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Today's Top Story
Featured
Ares Management Launches Ansley Park Capital
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment.
TSL Express Trending Story
Featured
Perfection of Security Interests in Electronic Bills of Lading Under the UCC
In an increasingly paperless world, electronic bills of lading are garnering attention as an industry choice for cross-border commercial and shipping transactions. This article provides an overview of the legal framework prescribed by Articles 7 and 9 of the Uniform Commercial Code for a secured lender seeking to perfect its security interest in electronic bills of lading.
TSL Express Daily Headlines & News
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SFNet New Member Spotlight: Finley Technologies
July 23, 2024Finley's software simplifies asset-backed lending for borrowers and asset managers. By automating due diligence, ensuring compliance, and streamlining ongoing reporting, Finley helps ensure that capital is always available when companies need it.
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Womble Deepens Financial Services Bench in New York
July 23, 2024Womble Bond Dickinson announced today that Ryan Thompson has joined the firm’s New York office as an of counsel in the Finance, Bankruptcy, and Restructuring group. Thompson concentrates his practice on equipment finance, commercial lending, floorplan finance, asset-based lending, and creditors’ rights.
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Genesis Energy, L.P. Extends Its Existing Secured Credit Facility into September 2028
July 23, 2024Genesis Energy, L.P. (NYSE: GEL) announced today that on July 19, 2024, it successfully syndicated, upsized and closed on an extension of its existing revolving credit facility with $900 million in commitments from both existing and new lenders with an initial maturity date of September 1, 2028.
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WildBrain Announces New $415 Million Senior Secured Credit Facility
July 23, 2024WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, has entered into an agreement with a group of private lenders, led by Sagard and Comvest Credit Partners, for a new five-year US $415 million Senior Secured Credit Facility consisting of a $375 million term loan and a $40 million revolving credit facility (the "New Facilities").
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SLR Business Credit Provides $20 Million Line of Credit to Tastemakers LLC, the Creators of Arcade1Up, the 4th Largest Brand in Gaming
July 23, 2024SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $20 million credit facility for a leading manufacturer in the gaming industry, Tastemakers LLC. Tastemakers has licensing agreements and development deals with iconic retro arcade games and manufactures cabinets, bringing gaming to homes around the world.
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Gridiron Capital Agrees to Sell GSM Outdoors
July 23, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the signing of a definitive agreement to sell its controlling interest in Good Sportsman Marketing Outdoors (“GSM,” “GSM Outdoors,” or the “Company”), to Platinum Equity.
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Maxim Commercial Capital Fills Capital Void in Q2 2024
July 23, 2024Maxim Commercial Capital (“Maxim”) reported strong results for the second quarter of 2024. While many competitors have tightened their credit windows and other lenders have closed their businesses, Maxim continues to expand. To support its growth, the hard-asset secured lender hired five new team members for key positions in credit, operations, and collections during the period.
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Star Equity Holdings Names Jennifer Palmer to Board of Directors
July 23, 2024JPalmer Collective, an asset-based lending firm that funds brands with a particular focus on sustainability and inclusivity, is announcing that founder and CEO Jennifer Palmer has been named to the board of directors of Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star”), a diversified holding company. Ms. Palmer brings to Star’s board a deep knowledge of financing solutions.
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Online Oilfield Equipment Auction on July 30 Features Gas Compressors, Generators, Drill Bits, Downhole and Fishing Tools and More
July 23, 2024More than 70 gas compressor packages, downhole and fishing tools, and other oilfield and heavy equipment assets are available in an online auction that closes on July 30th.
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First Business Bank Funds $3 Million Factoring Facility For Eco-Friendly Bottled Water Company
July 23, 2024First Business Bank’s Accounts Receivable Financing group announces the funding of a $3 million factoring facility for an eco-friendly bottled water company. The packaging and bottling are designed to minimize detrimental effects to the environment.
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Assembled Brands Capital Welcomes Ann Parker as Senior Credit Risk Associate
July 23, 2024Assembled Brands Capital is pleased to announce the appointment of Ann Parker as Senior Credit Risk Associate. In her new capacity, Ann will play a crucial role in enhancing the company's credit risk assessment strategies and supporting its expansion within the CPG sector.
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Rosenthal Closes Three ABL Transactions Totaling Nearly $20 Million
July 23, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the recent completion of three asset-based lending transactions totaling $19.5 million.
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nFusion Capital Expands Lending Capacity with New $75MM Line of Credit
July 23, 2024nFusion Capital Finance, LLC, a leading commercial finance company to entrepreneurs, today announced that it has closed and funded a line of credit agented by Synovus Bank, through its Specialty Finance Division, for $75 million. This new facility will allow nFusion Capital to continue its exponential growth.
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Emily Reeves Joins Franklin Capital as VP of Sales
July 22, 2024Franklin Capital is very pleased to announce that Emily Reeves has joined the company as Vice President of Sales. In this role, Emily will be responsible for growing Franklin’s sales team and driving the growth of the company's sales efforts.
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Business Development Resources Announces Partnership with Southfield Capital
July 22, 2024Business Development Resources, Inc. ("BDR" or the "Company"), a leading business coaching and training organization to field services contractors and distributors, announced today its partnership with Southfield Capital, a premier lower middle market private equity firm.
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Tenet Secures Credit Facility of Up to $5M and Terminates Private Placement Financing
July 22, 2024Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that it has secured a credit facility of up to $5,000,000 from Petiana Capital Inc. ("PCI"), and has terminated its ongoing private placement of units of convertible debentures and warrants whereby the Company was looking to raise an additional $5,000,000 (the "Financing").
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Gibraltar Business Capital Provides $12.5MM to Disruptive Consumer Goods Company
July 22, 2024Starco Brands (STCB), which has five brands under one company umbrella, has been actively expanding its offerings by inventing and acquiring behavior-changing brands and technologies, including Soylent Nutrition, Skylar Body, Art of Sport, Whipshots, and Winona.
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Great Rock Capital Provides $25 Million of Liquidity to a Sponsor-Owned Pet Supply Company
July 22, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $25 million of liquidity through a senior secured credit facility to Phillips Pet Food & Supplies (“Phillips”).
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Kawasaki Motors Finance Corporation Extends Partnership with Solifi in North America
July 22, 2024Solifi, a global fintech software partner for secured finance, announced that Canadian Kawasaki Motors Finance Corporation (CKMFC) has successfully migrated its Canadian operations to Solifi Wholesale Finance, expanding its usage across North America.
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Leslie Berkoff & Theresa Driscoll Named To Lawdragon's 500 Leading U.S. Bankruptcy & Restructuring Lawyers For 2024
July 22, 2024Moritt Hock & Hamroff announced today that Leslie Berkoff and Theresa Driscoll, Partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2024. The annual Lawdragon 500 Leading Lawyers in America is the most elite distinction in the profession, covering the best of the best in all practice areas.
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The Secured Lender
SFNet's 80th Annual Convention Issue