- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- RelPro Partners with Propense.ai to Deliver Enriched Data for Accounting and Legal Professionals
- eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
- Turnaround & Restructuring Expert Brian Gleason Voted President-Elect of the Turnaround Management Association
- SFNet New Member Spotlight: CB&S Bank
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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eCapital Strengthens Northeast Presence with New SVP, Business Development
eCapital Corp. ("eCapital") a leading finance provider operating across North America and the U.K., proudly announces the appointment of industry veteran W. Calvin Navatto as SVP, Business Development Officer. Based out of the Company’s New York office, Navatto brings over three decades of experience and a wealth of industry knowledge to bolster eCapital's presence in the Northeast region.
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SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.
TSL Express Daily Headlines & News
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Seaweed Bath Co. Acquires Andalou Naturals and Mineral Fusion with Leveraged Facility from Assembled Brands Capital
July 11, 2024Seaweed Bath Co., a pioneering brand in ocean-inspired personal care products, has announced the strategic acquisition of Andalou Naturals and Mineral Fusion, prominent names in natural skincare and cosmetics. These renowned brands, known for their innovative approaches in fruit stem cell science and natural cosmetics respectively, are widely available across major retailers nationwide, including Whole Foods Market, Amazon, and Sprouts Farmers Market.
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eCapital Drives Turnaround with $3MM Factoring Facility for Canadian Mining Services Consortium Amidst Receivership
July 11, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider for middle-market businesses in North America and the U.K., has successfully facilitated a $3 million confidential factoring line of credit for a consortium of companies providing critical services to the mining sector across Canada. This strategic financing initiative highlights eCapital’s expertise in supporting businesses in turnaround and recovery.
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Sunwest Bank Adds Robert Faver as the Managing Director of Commercial Banking
July 11, 2024Sunwest Bank is delighted to welcome Robert Faver as their new Executive Vice President, Managing Director of Commercial Banking. In this pivotal role, Faver will steer the commercial lending and sales platform of the Bank across multiple states and divisions.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Encore Consumer Capital in its Acquisition of Chalet Desserts
July 11, 2024O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it provided senior secured credit facilities to support Encore Consumer Capital ("Encore") in its acquisition of Chalet Desserts ("Chalet").
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Truist Securities Arranges $250MM Revolving Credit Facility for REPAY
July 11, 2024Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of integrated payment processing solutions, today announced the closing of an undrawn $250 million senior secured revolving credit facility. The revolving credit facility renews and expands the Company’s prior undrawn $185 million senior secured revolving credit facility.
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Aequum Capital Provides $6.25MM in Credit Facilities to Prominent Producer of Craft Maple Products
July 11, 2024Aequum Capital is pleased to announce it recently provided $6.25 million in aggregate credit facilities to a producer of high-quality maple syrup products specializing in blending, bottling, and packaging for the hospitality and foodservice industries.
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IDB Bank Provides Financing to Franklin Capital
July 11, 2024IDB Bank (“IDB”), a New York-based private and commercial bank, has provided a working capital facility to Franklin Capital to benefit the firm’s operating cash flow amid strategic expansion. Serving as the Sole Lender, the deal signals the Bank’s continued lending activity through its national Asset-Based Lending and Factoring division, empowered by its specialty financing capabilities within the lower-middle market.
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503 Capital Partners to Acquire Private Credit Platform of Tortoise Capital
July 11, 2024Tortoise Capital and 503 Capital Partners, LLC (503 Capital) today announced they have entered into a definitive agreement for 503 Capital to acquire Tortoise's private credit platform. 503 Capital is a newly formed entity comprising the investment and management team of Tortoise's private credit division. Terms of the transaction were not disclosed.
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Peter Williams to Join Cahill’s New York Office as Partner and Co-Head of Private Credit Practice
July 11, 2024Cahill Gordon & Reindel LLP announced today that Peter Williams will join the firm on July 15 as a partner in New York, where he will serve as Co-Head of our Private Credit practice.
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Paladin Management Brings in New Partner Amy Kirschner to Strengthen Expertise in Leveraged and Corporate Financing
July 11, 2024Paladin Management, the middle-market advisory firm driving value creation through financial and operational consulting services, has further strengthened its partnership roster with new hire Amy Kirschner. Amy Kirschner, a senior corporate and investment banking professional, joins the Paladin team.
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Kennedy Lewis Investment Management and CalSTRS Announce Strategic Partnership in Non-Sponsored Senior Lending
July 11, 2024Kennedy Lewis Investment Management LLC ("Kennedy Lewis"), a leading alternative credit firm, and the California State Teachers' Retirement System (“CalSTRS”), have announced a strategic partnership focused on senior corporate lending for non-sponsored borrowers.
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BB Energy Group Holding Ltd. Successfully Closed its New Syndicated 1 Year Revolving Credit Facility at USD 400 Million
July 11, 2024BB Energy Group Holding Ltd. – known as BB Energy – a leading and globally integrated commodities group, is pleased to announce the successful signing of its new USD 400 million 1 Year Revolving Credit Facility (RCF).
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Eiffel Investment Group, Backed by the European Investment Fund and the InvestEU Program, Launches Eiffel Impact Direct Lending
July 11, 2024The first of its kind in Europe, Eiffel Impact Direct Lending is a unitranche private debt fund that systematically incorporates Impact Covenants® dedicated to SMEs.
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Dundee Corporation Obtains Additional C$5 Million Under Amended and Restated Term Loan Facility
July 10, 2024Dundee Corporation (TSX: DC.A, DC.PR.B and DC.PR.D) (“Dundee” or the “Corporation”) announced today that it has entered into an amended and restated loan agreement dated July 9, 2024 (the “Amended and Restated Loan Agreement”) among the Corporation, as borrower, Dundee Resources Limited, as guarantor, and Earlston Investments Corp. (“Earlston”), as lender, pursuant to which Earlston has agreed to advance an additional C$5,000,000 to Dundee (the “Second Advance”).
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Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility
July 10, 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”).
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Outdoor Voices Sells to Investment Firm Following Strategic Business Realignment by Tiger Advisory Services
July 10, 2024Tiger Group’s Advisory Services division has facilitated the sale of athleisure lifestyle brand Outdoor Voices to consumer-focused investment manager Consortium Brand Partners.
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Audax Private Debt Provides Financing to Support Macquarie Capital’s Acquisition of Kalkomey
July 10, 2024Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Macquarie Capital in their acquisition of Kalkomey (or the “Company”), a provider of online recreational safety education in North America.
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Monomoy Capital Partners Announces Close of Oversubscribed Fund V at $2.25 Billion
July 10, 2024Monomoy Capital Partners, a private investment firm focused on the middle market, is pleased to announce the closing of its fifth private equity fund (“Fund V”). Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion (including a $250 million GP commitment). The firm’s previous fund closed in late 2021 at over $1.1 billion.
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StrategyCorps Announces Capital Partnership with Estancia Capital Partners to Enhance Solutions and Accelerate Growth
July 10, 2024trategyCorps, LLC (“SC” or the “Company”), the industry-leading provider of deposit analytics and retail and small business checking-related solutions, and Estancia Capital Partners, a respected lower-middle market private equity firm with a successful investing track record in the financial services industry, announced today that they have successfully closed on a capital partnership.
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Monroe Capital Supports PrecisionX Group’s Acquisition of National Manufacturing Co.
July 10, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of National Manufacturing Co. ("National" or the “Company”) by PrecisionX Group, an existing portfolio company of CORE Industrial Partners (“CORE”). PrecisionX Group was formed in 2023 following two previous CORE acquisitions, GEM Manufacturing and Coining.
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