- Bain Capital Closes Global Special Situations Fund
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
- High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
- EverBank Expands in California with new Encino Financial Centre
TSL Express Daily Articles & News
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Today's Top Story
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Ares Management Special Opportunities Team to Join its Global Credit Group
Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares’ limited partners, sponsor partners and portfolio companies.
TSL Express Trending Story
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Interview With Holland & Knight ABL Team Members
TSL’s editor-in-chief sat down with key members of Holland & Knight’s ABL team, including Wade M. Kennedy, partner and co-lead of the Asset-Based Lending Team; Christopher S. Dillon, partner and co-lead of the Asset-Based Lending Team; Hamid Namazie, financial
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
TSL Express Daily Headlines & News
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Gordon Brothers Expands Leasing & Lending Teams
July 16, 2024Gordon Brothers, the global asset experts, has expanded the firm’s leasing and lending teams. As part of this expansion, Elijah Kaplan, Managing Director, Lending, and Steve Sanders, Managing Director, Equipment Finance, Eastern Region, have recently joined Gordon Brothers to continue to support the firm’s growth.
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Working Capital Fuels Lone Star Pipe Services Launch and Project Pipeline
July 16, 2024Texas-based Lone Star Pipe Services, LLC, is a family-owned and operated business specializing in industrial coatings. They offer a wide range of services, including a range of coatings, pipe restoration, repairs and storage. A start-up company, the principal had worked for a pipe coating company that was a previous nFusion Capital client.
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Omni Fiber announces $150 Million in Financing from Stonepeak Credit to Continue Rapid Expansion in the Midwest
July 16, 2024Omni Fiber, a regional Fiber Internet Service Provider with operations in over 25 markets in Ohio and Pennsylvania backed by Oak Hill Capital, today announced the closing of $150 million in debt financing from Stonepeak Credit.
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Webster Financial Corporation Appoints CFO Successor; Names New Board Member
July 16, 2024Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company, for Webster Bank, N.A., (the “Bank”) announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank.
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Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing to Accelerate Construction of Renewable Energy Projects
July 16, 2024Leeward Renewable Energy (LRE), a leading renewable energy company, today announced the closing of its $1.25 billion construction warehouse facility (“Construction Warehouse”), marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio
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Trinity Capital Inc. Provides $15 Million in Growth Capital to Velentium
July 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.
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Grant Thornton Names two new Leaders to its Industry Practice
July 16, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Lawrence Griff to lead the firm’s Retail industry practice and Kelly Schindler to head up its Manufacturing industry practice.
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8x8, Inc. Secures $200 Million Term Loan at Reduced Interest Rate
July 16, 20248x8, Inc. (NASDAQ: EGHT) (the “Company” or “8x8”), a leading integrated cloud contact center and unified communications platform provider, today announced that it has secured a new $200 million Delayed Draw Term Loan Credit Facility (the “Delayed Draw Term Loan” or “Credit Agreement”).
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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Lendbuzz Renews and Expands Revolving Line of Credit with BHI to $50 Million
July 15, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced it has entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March 2023 to now encompass a $50 million revolving line of credit.
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Juan Santana Joins Valley Bank as 1st VP, Corporate Banking
July 15, 2024Valley Bank on Thursday said it hired Juan Santana to fill the role of first vice president, corporate banking, and relationship manager for New Jersey and Rockland County.
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Embracer Group Secures New Eur 600 Million Revolving Credit Facility
July 15, 2024Embracer Group AB (“Embracer”) has secured a new EUR 600 million revolving credit facility with a two-year tenor, with an option to extend for an additional year. The new facility replaces Embracer’s remaining SEK 4.8 billion (approximately EUR 420 million) revolving credit facility, which matures in May 2025.
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Russel Metals Renews and Enhances its Credit Facility
July 15, 2024Russel Metals Inc. (TSX: RUS) announces that it has renewed and extended its credit facility with a syndicate of banks led by RBC Capital Markets. The new credit facility has total availability of $600 million and is comprised of: (i) a $400 million revolving credit facility with a maturity of July 2028; (ii) a $50 million letters of credit facility with a maturity of July 2028; and (iii) a $150 million revolving credit facility with a maturity of July 2026.
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Inflation Remains Top Problem for Main Street
July 15, 2024The NFIB Small Business Optimism Index reached the highest reading of the year in June at 91.5, a one-point increase from last month. The last time the index was higher was in December of 2023 when it reached 91.9. Even so, this marks the 30th month below the historical average of 98. Inflation is still the top small business issue, with 21% of owners reporting it as their single most important problem in operating their business, down one point from May.
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Astronics Corporation Refinances Debt with Expanded Revolver and Lower Cost Term Loan
July 15, 2024Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced it has amended and expanded its revolving line of credit and refinanced its term loan. The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company.
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