- eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- SLR Equipment Finance Expands its Finance Team and Announces That Matt Colegrove has Joined the Company
- Gordon Brothers to Provide Real Estate Consulting Services in Support of Kirkland’s Store Growth Strategy
- RelPro Partners with Propense.ai to Deliver Enriched Data for Accounting and Legal Professionals
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Legislative Alert: SFNet Succeeds in Halting New CA Disclosure Legislation
At a session of the California State Legislature, Senate Bill 869, which would have introduced new, additional disclosure requirements related to APR and subjected asset based lenders and factors to penalties for non-compliance, did not move out of the Senate Appropriations Committee.
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The recruiting and retention landscape in commercial finance is increasingly becoming a “War for Talent,” according to speakers who explored that topic and much more at SFNet’s 79th Annual Convention in Orlando, FL. Finding and keeping a quality workforce is of utmost importance these days as companies navigate the post-pandemic economy.
Also on the agenda was “AI and the Future of Secured Finance,” which featured a panel of experts who discussed industry trends in artificial intelligence including its anticipated impact on employment.
TSL Express Daily Headlines & News
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Celestica Amends and Upsizes Credit Facility
June 24, 2024Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world’s most innovative companies, has amended its existing senior secured credit agreement (“Existing Facility”)*, with an upsizing of the total facility to $1.5 billion (“Amended Facility”) to support continuing growth.
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IDB Bank Arranges $201.5 Million in Financing for 21-SNF Portfolio
June 24, 2024New York-based IDB Bank has arranged a $201.5 million bridge-to-HUD loan for an unnamed operator of 21 skilled nursing facilities with locations in Georgia, Michigan, North Carolina and Texas.
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NeueHealth Secures up to $150 Million in New Term Loan Facility with Hercules Capital
June 24, 2024NeueHealth, Inc. (“NeueHealth” or the “Company”) (NYSE: NEUE), the value-driven healthcare company, today announced that it entered into a secured loan facility for up to $150 million with Hercules Capital, Inc. (NYSE: HTGC) ("Hercules").
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MidCap Financial Closes $20 Million Senior Secured Credit Facility to Wizeline
June 24, 2024MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $20.0mm senior secured credit facility to Wizeline, Inc. (“Wizeline” or “Company”). Proceeds from the credit facility will support Wizeline’s growth and ongoing working capital needs.
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Encina Lender Finance Hires Structured Credit Industry Veteran Geoff Beard as Co-CEO to Lead Consumer/SMB Vertical
June 24, 2024Encina Lender Finance, LLC (“ELF”) announced today that it has hired structured credit industry veteran Geoff Beard as Co-CEO to lead the firm’s Consumer/SMB Vertical. Mr. Beard will work in partnership with Co-CEO Edward Chang, who will lead ELF’s Commercial Vertical, and will be opening a new office in San Francisco that will provide the firm with a presence on both coasts.
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Stonebriar Commercial Finance Closes CAD$130 Million Term Loan for a Leading Provider of Specialty Industrial and Environmental Services
June 24, 2024Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a seven-year CAD$130 million term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. The loan, part of a leveraged buyout, is secured by all fixed assets of the company.
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Gibraltar Business Capital Provides Asset-Based Revolver to a Family Office-Owned Inspection and Testing Solutions Provider
June 24, 2024Aegeus Group has over 40 years of experience in advanced non-destructive testing, inspection, engineering, and staff augmentation solutions. The company serves diverse markets, including oil & gas, power, renewable energy, defense and aerospace, civil and building infrastructure, food and beverage, and other manufacturing companies.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions: a $150,000 facility for a Canadian shelving company a $250,000 facility for a US logistics company and a $75,000 facility for a Canadian commercial and residential company.
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Ribbon Communications Inc. Announces Closing of New $385 Million Senior Secured Credit Facility
June 24, 2024Ribbon Communications Inc. (Nasdaq: RBBN) ("Ribbon"), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has completed the previously announced $385 million senior secured credit facility.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue