- RelPro Partners with Propense.ai to Deliver Enriched Data for Accounting and Legal Professionals
- Los Angeles Business Journal names CohnReznick’s Marc Wolf a Top 100 Accountant
- Mitsubishi HC Capital America Enhances Best in Class Vendor Portal
- Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
- 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.
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Anand Rao Joins Mitsubishi HC Capital America Structured Finance Team as Managing Director, Private Credit
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Anand Rao has joined the company as Managing Director, Private Credit for the Structured Finance division.
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Seeking Growth, Small-Business Owners Can Tap a Variety of Loan Options
What are the credit needs and opportunities for today’s small-business owners? This article explores results from Pathward’s new survey.
TSL Express Daily Headlines & News
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ZRG Secures $120 Million in Debt Financing from Main Street Capital
June 20, 2024ZRG, a global talent advisory firm, today announced that it has successfully secured $120 million in debt financing from Main Street Capital Corporation and its affiliates. This significant funding will bolster ZRG's growth initiatives and enhance its ability to deliver innovative talent solutions to clients worldwide.
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Aequum Capital Provides $30MM in Credit Facilities to Leading Print, Marketing, and Logistics Service Provider
June 20, 2024Aequum Capital is pleased to announce it recently provided $30MM in aggregate credit facilities to one of the nation's largest printers that also provides marketing and logistics solutions. The credit facilities allow the company additional leverage on their current assets and equipment supporting their working capital needs, and growth and acquisition strategies.
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Armory Securities, LLC Announces the Successful Restructuring of the Assets of Inevitable Tech Inc.
June 20, 2024Inevitable Tech is a business-to-business (B2B) agricultural technology platform that designs and develops cutting-edge growing systems for farmers that enable them to better manage their crops. Inevitable Tech’s technology includes data collection and mapping, as well as AI-driven diagnostics. The platform provides farmers with easy-to-use devices powered by proprietary hardware and software, allowing them to collect data in real-time.
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TravelPerk Acquires AmTrav to Accelerate US Expansion and Announces new $135m Backing from Blackstone and Blue Owl
June 20, 2024TravelPerk, the hyper-growth global business travel management platform, announced today its acquisition of the industry-leading United States company AmTrav, doubling down on its expansion in the US. Additionally, TravelPerk has raised a new credit facility of up to $135 million led by Blackstone Credit & Insurance and Blue Owl Credit, two leading global alternative asset managers.
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Hecate Grid Secures $125 Million Letter of Credit Facility Package with MUFG
June 20, 2024Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund ("InfraRed") and Hecate Energy, today announced the recent close of a 4-year $125 million Letter of Credit ("LC") facility with Mitsubishi UFJ Financial Group ("MUFG").
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Arcadia Finance Announces Launch of New Litigation Funding Firm
June 20, 2024Arcadia Finance, a new litigation funding firm focused on commercial litigation and arbitration, today announced its official launch to offer customized financial solutions and unparalleled support to empower clients and partners in achieving their legal goals. Led by litigation funding veterans David Kerstein, Ronit Cohen, and Joshua Libling, the Arcadia leadership team has decades of funding and litigation experience.
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White Oak Commercial Finance Expands Factoring Facility to $25 Million For Leading Worker Management Software Company
June 20, 2024White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced the upsizing of a $10 million factoring facility to a leading worker management software company by an additional $15 million. The now $25 million factoring facility will serve as working capital to support the company’s growth in the artificial intelligence space.
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Monroe Capital Supports Specialized Packaging Group’s Acquisition of Clark Foam Corporation
June 20, 2024Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners.
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Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility
June 20, 2024Credit Acceptance Corporation announced today that we have extended the maturity of our revolving secured line of credit facility with a commercial bank syndicate from June 22, 2026 to June 22, 2027.
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CIT Northbridge Credit Provides $35 Million to Network Wireless Solutions
June 20, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $35 million revolving line of credit to Network Wireless Solutions, a provider of cable solutions and distributor of hardware infrastructure products.
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Citizens Financial Group Appoints Don McCree as Senior Vice Chair
June 20, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Don McCree, Head of Commercial Banking, has been appointed as Senior Vice Chair of Citizens.
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Nabors Announces Amendment and Restatement of $475 Million Credit Facility
June 20, 2024Nabors Industries Ltd. ("Nabors") (NYSE: NBR) closed, on June 17, 2024, an amendment and restatement of its secured credit facility. The new $475 million facility is comprised of $350 million for revolving credit and $125 million for letters of credit.
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Mountain Ridge Capital Provides $20.0 Million Credit Facility to an Apparel Manufacturer
June 20, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $20.0 million senior secured credit facility to a leading manufacturer and distributor of apparel. The MRC facility refinanced the debt of a regional finance company and will be utilized to assist their management team in achieving its growth and operating objectives.
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SSG Advises CPL in the Sale to Aterian Investment Partners
June 20, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Contract Pharmaceuticals Limited Canada and its affiliates (“CPL” or the “Company”) in its restructuring and sale to Aterian Investment Partners via a Reverse Vesting Order (“RVO”). The sale was effectuated through the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) in the Ontario Superior Court of Justice, and an ancillary Chapter 15 proceeding in the U.S. Bankruptcy Court for the District of Delaware.
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BNP Paribas Factoring selects Lendscape to further strengthen its European operations
June 20, 2024Building on a successful and proven partnership, BNP Paribas Factoring is set to consolidate its pan-European and North African factoring operations onto the Lendscape Receivables Finance platform. The move will enable the Bank to optimise customer and employee experiences, support its growth strategy and continue to deliver best-in-class services, providing over €25 billion of funding to its 12,000 SME and corporate clients across Western Europe.
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SFNet Member Spotlight: AR Funding
June 17, 2024Since 1996, AR Funding has set the standard for professionalism, fairness and dependability in accounts receivable funding and invoice factoring. With over 100+ years of combined experience within our Greenville, South Carolina headquarters, our staff works diligently to provide unparalleled service and insight for clients across the U.S.
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Cornerstone Business Credit Funds $400,000 Line of Credit to an Exciting and Rapidly Growing Specialty Cookie Company
June 17, 2024Cornerstone Business Credit [www.CornerstoneBusinessCredit.com] is pleased to announce the recent funding of a $400,000 line of credit to an exciting and rapidly growing specialty cookie company.
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Huntington Business Credit Closes $70 Million to Support Stellex Capital Management’s Acquisition of The James Skinner LLC
June 17, 2024Huntington Business Credit acting as administrative agent closed $70,000,000 in new credit facilities with financing partners Proterra Investment Partners and Farm Credit Services of America to support Stellex Capital Management’s acquisition of The James Skinner LLC on May 1, 2024.
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Encina Private Credit Serves as First Out Lender And Administrative Agent for Senior Secured Credit Facility for Sparkstone Electrical Group
June 17, 2024Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Administrative Agent providing a First Out tranche in a Senior Secured Credit Facility supporting Sparkstone Electrical Group (“Sparkstone”).
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Kapitus Closes $45 Million Investment-Grade Corporate Note Financing
June 17, 2024Kapitus, a leading provider of financing for small and medium sized businesses, today announced the closing of a $45 million investment-grade corporate note financing. The closing of this most recent financing increases the Company’s total debt facilities to $585 million.
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The Secured Lender
SFNet's 80th Annual Convention Issue