- Solifi Recognised for Digital Innovation at Leasing Life Awards
- Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
- 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
- Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
TSL Express Daily Articles & News
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Norton Rose Fulbright Adds Restructuring Partner in New York
Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.
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Steven Samson, president, has been with MidCap for more than 10 years and is responsible for the oversight of all functions of the business. Steve has more than 30 years experience in commercial banking and asset-based lending including senior roles at People’s United Bank, GE Capital, and RBS Citizens Business Capital.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies.
TSL Express Daily Headlines & News
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Stellus Capital Management, LLC Provides Unitranche Financing In Support of Stellex Capital Management's Acquisition Of TriplePoint MEP
July 1, 2024Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and equity co-investment to support Stellex Capital Management's ("Stellex") acquisition of TriplePoint MEP ("TriplePoint" or the "Company").
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National Business Capital Expands Market Focus, Hires Industry Vet Francois Bouville
July 1, 2024Francois brings nearly 30 years of industry experience to our team, including Senior Vice President positions held at Commercial Finance Group, Texton Financial Corporation, Capital TempFunds/Capital Business Credit, and Wells Fargo Capital Finance. Francois co-created Goodman Capital Finance’s ABL division, where he spent 5+ years building and scaling the division.
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UMB Capital Finance Provides a $33,000,000 Credit Facility for a Metals Manufacturer in Colorado
July 1, 2024UMB Capital Finance has announced the closing of a $33,000,000 senior credit facility for a Colorado-based metal manufacturing business. This credit facility enabled the company to refinance its existing debt and to position itself for a major capital equipment project.
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Hedaya Capital Provides Retail Expertise and Growth Financing
July 1, 2024The Hedaya Capital Group provided a $2.5 million facility to a fast-growing company that develops plant and mineral-based personal care products. Founded in 2020, their flagship product is an all-body deodorant featuring a groundbreaking new microbiome-approved formula that eliminates odor everywhere.
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Live Oak Bancshares Announces Michael J. Cairns to be Named as Chief Credit Officer as Steven J. Smits Will Take New Role as Head of Commercial Banking
July 1, 2024Live Oak Bancshares announced today that its Board of Directors has appointed Michael J. Cairns as Chief Credit Officer, effective August 1, 2024. Cairns will serve as CCO for both Live Oak Bancshares and Live Oak Bank and succeeds Steven J. Smits who has served in the position for 9 years. Smits is taking on a new role as head of commercial banking.
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Citizens Builds on Growing Presence in California with Hiring of Middle Market Regional Executive
July 1, 2024Further strengthening its growing presence in California, Citizens Financial Group, Inc. (NYSE: CFG) today announced that Michael Walker has joined the company to lead its team serving middle market companies across the state.
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Slide Insurance Secures $175 Million Senior Credit Facility
July 1, 2024Slide Insurance announced today that it has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, through its TCBI Securities Inc. division, also supported the transaction as a Joint Lead Arranger and Joint Bookrunner.
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CIBC Innovation Banking Provides $10 Million Growth Capital Financing to Clariti
June 27, 2024CIBC Innovation Banking today announced $10 million in growth capital financing for Clariti, a leading provider of purpose-built community development solutions for North American local governments. This funding will accelerate the development of new product features, support the ongoing integration of permitting technology provider Camino, which was acquired by Clariti in 2023, and be reinvested in customer service teams to support the company’s rapidly growing customer base across North America.
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Griffon Corporation Successfully Completes Term Loan B Repricing
June 27, 2024Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) announced today that it has completed a favorable repricing of the outstanding balance of $459 million of its Secured Term Loan B facility (“Term Loan B”), which matures in January 2029.
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Bridge Bank Closes $47 Million Term Loan to Support Divergent Technologies’ Growth
June 27, 2024Bridge Bank announced today that its Technology Banking Group has closed a $47 million term loan with Divergent Technologies Inc. to support the company’s continued growth.
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BondIt Media Capital Closes $100 Million Credit Facility From Keystone National Group
June 27, 2024Film, television and media financing firm BondIt Media Capital has closed a new credit facility of $60 million with the option to increase to $100 million, from Keystone National Group, a private credit fund and investment advisory firm.
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Culain Capital Announces $3 Million Accounts Receivable Financing Facility for Leading Sustainable Denim Manufacturer
June 27, 2024Culain Capital is pleased to announce the successful structuring of a $3 million accounts receivable financing facility for a prominent manufacturer of sustainable denim. This financing arrangement will provide the necessary working capital to support the company's ongoing growth and future expansion plans.
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BHI Provides $95 Million Loan to David Bistricer and Anshel Friedman To Build a 226-Unit Multifamily Rental Building Located at 2359 Bedford Ave in Brooklyn
June 27, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $95 million in construction financing to developers David Bistricer and Anshel Friedman to build a 226-unit multifamily rental building located at 2359 Bedford Ave in the Flatbush neighborhood of Brooklyn, New York. The financing will be split evenly between BHI and Bank Hapoalim.
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Flatbay Capital Closes a $3.9MM Loan for Alloy Manufacturer
June 27, 2024For 22 years Flatbay client, IBC Advanced Alloys, has manufactured beryllium and copper alloys to a variety of industries, becoming a leading expert in their field. In 2023, IBC experienced a decrease in profit margins due to two reasons: metal costs and existing customer contracts. In 2023, IBC experienced a decrease in profit margins due to two reasons: metal costs and existing customer contracts.
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Monroe Capital Supports Protos Security's Acquisition of Summit Off Duty Services
June 27, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Summit Off Duty Services (“Summit”) by Security Services Holdings LLC (“Protos Security”), an existing portfolio company of Southfield Capital.
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Star Mountain Capital Adds Former CEO of U.S. Pension Benefit Guaranty Corp and Head of Citigroup Pension Relations, Charles Millard, as Senior Advisor
June 27, 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 5/31/2024) 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 Charles Millard has joined as Senior Advisor.
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Helios Technologies Extends and Upsizes Credit Facility, While Reducing Borrowing Spreads
June 27, 2024Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology, today announced it has entered into an amendment and restatement of its existing term loans and revolving credit facility (“amended credit agreement”) to extend debt maturities, strengthen and streamline its lender group, reduce borrowing spreads, and expand the borrowing capacity under both its revolving credit facility and accordion feature.
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CAN Capital Completes Term Debt Securitization
June 27, 2024CAN Capital, Inc., ("CAN") an innovator in alternative small business finance, has successfully completed a $175 million funding program, which includes a variable funding note facility with a maximum borrowing amount of $50 million and a $125 million asset-backed notes ("Notes") term securitization.
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GoldenTree Asset Management Announces Closing of $501 Million CLO Under GLM Strategy
June 27, 2024GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $501 million collateralized loan obligation (“CLO”) to be managed by GLM III.
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SFNet Key Sponsor Highlight: Oliver Wyman
June 27, 2024Oliver Wyman is a global leader in management consulting, combining deep industry knowledge with specialized expertise in strategy...
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SFNet's 80th Annual Convention Issue