- Republic Business Credit Provides a $3 Million Factoring Facility to Fuel Rapid Growth of LA-based Apparel Manufacturer
- Dundee Corporation Obtains Additional C$5 Million Under Amended and Restated Term Loan Facility
- News Detail
- Macquarie Group Leads $300 Million Syndicated Financing for Precious Metals Merchant Auramet
- Russel Metals Renews and Enhances its Credit Facility
TSL Express Daily Articles & News
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eCapital Welcomes Matthew Shearer as SVP, Channel Sales
eCapital Corp. ("eCapital"), a leading tech-enabled finance provider for small and medium-sized businesses (“SMBs”) across North America and the U.K., proudly announces the appointment of Matthew Shearer as Senior Vice President of Channel Sales. This strategic move aims to expand eCapital's reach by embedding its financing solutions within third-party platforms and digital marketplaces.
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SFNet’s 3rd Annual SFNet Cross-Border Finance Essay Contest Offers Industry Recognition, Chance to Be on SFNet Convention Panel
Sponsored by Goldberg Kohn, the essay contest serves as a platform to discuss cross-border trends and issues and gain industry recognition. 1st, 2nd and 3rd place winners will be invited to present on a panel at SFNet’s 80th Annual Convention in Houston, TX and have their essays published in The Secured Lender magazine. The contest is open to employees of SFNet member companies. Entry is free and all submissions must be received by June 25, 2024.
TSL Express Daily Headlines & News
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Spruce Power Announces $130 Million Debt Financing
July 8, 2024Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the “New Debt Facility”) provided by Barings LLC (“Barings”).
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Briar Capital Real Estate Fund Provides $4MM Real Estate Loan to a New York-based Transportation Company
July 8, 2024Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $4MM commercial real estate loan in New York to a business providing warehousing and transportation services in the Northeast.
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Davis Polk Elects Six New Partners
July 8, 2024Davis Polk has announced that Aaron Ferner, Zachary Frimet, David Kennedy, Brett McMahon, Michael Senders and Aliza Slansky have been elected partners of the firm, effective July 1, 2024.
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SFNet New Member Spotlight: Resilience Insurance Analytics
July 8, 2024Resilience Insurance Analytics provides risk based and market-based advice with customized analysis to preserve the credit quality and longevity of commercial loans. We offer pre- and post-closing insurance review services to clients seeking comprehensive assessment of proposed insurance coverage and provide assistance securing and-or maintaining coverage.
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B. Riley Securities Served as Financial Advisor and Lead Placement Agent for Radiopharm Theranostics in a $46.9 Million Financing
July 3, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank,is pleased to have led a $46.9 million financing for Radiopharm Theranostics Limited ("RAD" or the "Company”), an ASX listed clinical stage biotechnology company developing targeted radiopharmaceutical therapies and diagnostics for multiple types of cancer.
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Bob's Stores Announces Going-Out-of-Business Sale Across All Locations
July 2, 2024Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making swift and aggressive changes to the company's structure and operations, Bob's Stores was unable to secure the finances needed to maintain operations. Bob's stores began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.
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BNP Paribas Named US CLO Bank of the Year
July 2, 2024BNP Paribas received three prestigious industry awards, solidifying our position as a leading player in the growing CLO space. Winning the coveted CLO Bank of the Year and US CLO Deal of the Year from GlobalCapital in their annual US Securitization Awards and Best Performing Private Credit CLO of the Year from DealCatalyst in their U.S. CLO Awards acknowledges BNP Paribas’ commitment to clients across the US CLO market and represents a significant achievement for the bank.
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CytoSorbents Secures $20 Million Credit Facility
July 2, 2024Credit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada
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Heads of Terms agreed for US$35 million Revolving Credit Facility
July 2, 2024Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
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AutoCanada Announces Credit Facility Amendment
July 2, 2024AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that its lenders under the Company's syndicated credit facility have agreed to increase to the Company's maximum permitted Total Net Funded Debt to EBITDA ratio from 4.00:1.00 to 4.50:1.00
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Rocketlane Raises $24M in Series B to Create a Post-Sales CRM for Professional Services Teams
July 2, 2024The funding round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. With this, it brings the total funds raised to $45m.
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BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider
July 2, 2024BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider.
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Frontier Completes $750 Million Fiber Securitization Offering and Term Loan Refinancing
July 1, 2024Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced fiber securitization notes offering. This transaction is the Company’s second fiber securitization and again demonstrates the long-term value of Frontier’s fiber assets and the Company’s ability to flexibly access investment grade capital.
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Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture
July 1, 2024Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.
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Guess?, Inc. Announces EUR 100 Million Expansion of Its Existing European Credit Facility
July 1, 2024Guess?, Inc. (NYSE: GES) today announced the successful expansion of the borrowing capacity under its existing European revolving credit facility from €250 million to €350 million. The facility, maintained through the Company’s wholly-owned Swiss subsidiary, Guess Europe Sagl, has a remaining term of roughly three years.
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Eldorado Gold Announces Extension and Increase of its Senior Secured Credit Facility
July 1, 2024The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature.
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BrightView Announces Increase and Extension of Receivables Financing Facility
July 1, 2024BrightView Holdings, Inc. (NYSE: BV) (“Company”) today announced that its wholly-owned subsidiary, BrightView Funding LLC, has increased the overall size of its existing receivables financing agreement (the “Receivables Facility”) from $275 million to $325 million and extended its maturity date from June 2025 to June 2027.
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Main Street Announces Amendment of its Corporate Credit Facility
July 1, 2024Main Street Capital Corporation is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $995.0 million to $1.110 billion and an increase to the diversified group of lenders to 19 lenders, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
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B. Riley Securities Advised on the Sale of The Santa Barbara Smokehouse to HKW’s PANOS Brands
July 1, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, advised on the sale of The Santa Barbara Smokehouse ("SBS"), a leader in producing smoked salmon of the highest quality, to HKW's portfolio company, PANOS Brands, LLC (“PANOS”), a provider of branded consumer foods.
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Redbox's Owner Files for Bankruptcy
July 1, 2024The parent company of Redbox, the video rental kiosk often parked inside or outside grocery stores, filed for bankruptcy on June 28. This comes after the company, Chicken Soup for the Soul Entertainment, failed to pay employees, suspended medical benefits, defaulted on loans, and had an order for its vehicles to be repossessed. According to the filing, it has a total of $970 million in debt.
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