- SFNet Market Pulse
- Solifi Recognised for Digital Innovation at Leasing Life Awards
- High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
- Republic Business Credit Funds $250,000 Fast AR Factoring Facility for Temporary Staffing Firm
- Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Oxford Commercial Finance Transitions Top Leadership to Support Continued Business Growth and Expansion
Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank ("the Company"), is pleased to announce strategic leadership changes aimed at providing enhanced strategic direction and oversight as the company continues to expand and evolve. Current OCF President Mick Goik will transition to the role of Executive Chairman of the OCF Board of Directors to focus on strategic initiatives, while Steve Tomasello, SVP, National Sales Manager, will assume the position of President to drive operational excellence and growth.
TSL Express Trending Story
Featured
SFNet’s Mentoring Program: Continuing to Guide Growth
SFNet’s second iteration of the program nearly doubled its participants and is proving to be an invaluable resource for members.
The application period for our Spring 2024 Mentoring Program is January 10 through February 23, 2024. The program will run March 19 through June 4, 2024.
The application period for our Spring 2024 Mentoring Program is January 10 through February 23, 2024. The program will run March 19 through June 4, 2024.
TSL Express Daily Headlines & News
-
Calvert Impact Announces National Program to Capitalize Small Businesses
July 15, 2024Calvert Impact today announced the launch of Access by Calvert Impact, a national public-private partnership to support small businesses, with the closing of an $140 million warehouse credit facility from the Urban Investment Group (UIG) at Goldman Sachs Alternatives.
-
Edge Capital Lending LLC Appoints Dmitri Beregovski as Chief Financial Officer and Welcomes Two New Collateral Analysts
July 15, 2024Edge Capital Lending, LLC (“Edge”), a national disruptor in the non-bank asset-based lending market, is pleased to announce the appointment of Dmitri Beregovski as Chief Financial Officer (CFO). Additionally, Edge is excited to welcome Mantika Gardner and Marilyn Barnes as Collateral Analysts to support the company's expanding portfolio.
-
Oppenheimer Announces Additions to the High Yield and Distressed Debt Team
July 15, 2024Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) —announced today the continued expansion of its Fixed Income Division with the addition of 10 more High Yield and Distressed Debt Team members.
-
Republic Business Credit Provides a $3 Million Factoring Facility to Fuel Rapid Growth of LA-based Apparel Manufacturer
July 15, 2024Based on a referral from a well-known California CPA firm, a rapidly expanding apparel manufacturer has chosen Republic Business Credit as its preferred factoring partner. Facing imminent deadlines for spring shipments, the LA-based clothing manufacturer sought a dynamic financing solution capable of scaling with its accelerated growth.
-
eCapital Announces Peter Dahill as New CFO, Cris Neely Transitions to Strategic Advisor Position
July 15, 2024eCapital Corp. ("eCapital"), a leading tech-enabled finance provider for middle-market businesses in North America and the U.K., announces the appointment of Peter Dahill as Chief Financial Officer (CFO). This strategic move demonstrates eCapital’s commitment to bolstering its executive team and advancing its fintech roadmap while ensuring seamless leadership succession.
-
Good Natured Products Inc. Issues Update on Restructuring of Business Operations
July 15, 2024The Company has also entered into a debtor-in-possession financing agreement (the "DIP Financing") with Wells Fargo Capital Finance Corporation Canada to fund operations and restructuring efforts, including the CCAA proceedings, implementation of the SISP and any Transaction arising from the SISP.
-
Global Self Storage Extends $15 Million Revolving Credit Facility
July 15, 2024Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its $15 million revolving credit facility with The Huntington National Bank for another three years with a one-year extension option available thereafter.
-
Elme Communities Announces New $500 Million Credit Facility
July 15, 2024Elme Communities (NYSE: ELME), a multifamily owner and operator, announced today that it has entered into a new $500 million credit facility to replace the prior revolving credit facility which had been due to mature in August 2025.
-
TD Bank Appoints Steve Moroney Commercial Market President for Connecticut and Rhode Island
July 15, 2024TD Bank, America’s Most Convenient Bank®, announced it has appointed Steve Moroney as its Commercial Market President for Connecticut and Rhode Island. Moroney is based in New Haven, Connecticut.
-
Macquarie Group Leads $300 Million Syndicated Financing for Precious Metals Merchant Auramet
July 15, 2024Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $300 million syndicated revolving credit facility (the “Facility”) led by Macquarie Group (“Macquarie”). Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed.
-
Curtis Glovier, Previously a Managing Director and Investment Committee Member at Fortress Investment Group, joins Star Mountain Capital as Managing Director and Strategic Portfolio Officer
July 15, 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 6/30/2024) focused on generating defensive and 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 Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.
-
Barbara Stam Appointed as CEO of ABN AMRO Asset Based Finance
July 15, 2024ABN AMRO has appointed Barbara Stam as CEO of ABN AMRO Asset Based Finance (ABF), the company said in a statement. Stam’s background, experience, and career achievements mean she is well-positioned to lead ABF into the future.
-
BRG’s Corporate Finance Practice Adds Jeff Stern as Managing Director, Deepening Lender Advisory Expertise
July 15, 2024BRG today announced that Jeff Stern has joined the firm as a managing director in its Corporate Finance practice based in the New York City office, further expanding the firm’s lender advisory and turnaround and restructuring services.
-
Online Auction Features Pristine Excess Equipment from Renewable Energy Tech Firm
July 15, 2024A Tiger Group auction on July 23 features late-model, state-of-the-art equipment that is excess to the ongoing operations of a renewable energy technology company.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 15, 2024Factoring deals include: $8,500,000 credit facility awarded to a federal government contractor providing education and training support; $1,000,000 credit facility awarded to a Texas-based detergent manufacturing company; $750,000 credit facility awarded to a Georgia-based temporary staffing firm.
-
Greenberg Traurig Expands Corporate Practice with Two Leading Investment Firm General Counsel in New York
July 15, 2024Global law firm Greenberg Traurig, LLP has expanded its Corporate, Investment Management, and Financial Regulatory & Compliance practices with the addition of two in-house counsels from major investment firms. Shareholder Patrick J. Kassen joins from Blackstone, where he most recently served as general counsel of their portfolio company Link Logistics and previously served as managing director and chief compliance officer of Blackstone Real Estate.
-
Provident Strengthens Healthcare Lending Team with the Addition of Vik Venkataraman as Senior Relationship Manager
July 15, 2024Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Vik Venkataraman has joined the organization as a Senior Relationship Manager to lead Provident’s expansion in the middle-market healthcare services space.
-
Single Point Capital Announces the Promotion of Jonathan Leopold to President
July 15, 2024Single Point Capital, a Houston-based provider of factoring and transportation solutions, proudly announces the promotion of Jonathan Leopold to President. This honor recognizes Jonathan’s exceptional dedication and hard work over the years.
-
U.S. Middle Market Performance Remains Consistent
July 11, 2024Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.
-
Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
July 11, 2024Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (“CIBC”), as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof (the “CIBC Credit Facility”).
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue