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TSL Express Daily Articles & News
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Featured
Haversine Funding Welcomes Vince Mancuso as New Managing Director
Haversine Funding, a leader in the commercial lender finance sector, is proud to announce the appointment of Vince Mancuso as its new managing director. Vince brings over 25 years of rich experience in commercial finance, enhancing Haversine’s expertise and strategic capabilities.
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Featured
The Story of LaSalle Business Credit
In this feature series, Charlie Perer sits with the key entrepreneurs and executives who have built leading commercial finance companies. This feature is about LaSalle Business Credit, told by some of the key executives who played seminal roles in the 1990s. The core team at LaSalle went on to be leaders throughout the entire commercial finance industry. Here to tell the story are Mike Sharkey, Marty Battaglia, Bob Corsentino and Bruce Sprenger.
TSL Express Daily Headlines & News
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Mad Mobile Secures $50 Million in Funding from Morgan Stanley Expansion Capital and Bridge Bank
June 14, 2024Mad Mobile, a pioneering force in restaurant and retail SaaS and payment solutions, is pleased to announce the closure of a $50 million financing agreement. This funding, managed by Morgan Stanley Expansion Capital and Bridge Bank, will be strategically utilized to amplify the expansion of its SaaS and payment technologies, refinance existing debts, and propel sales growth.
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Amerisource Business Capital Closes $2,000,000 Working Capital Facility for Candy Manufacturer
June 14, 2024Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a candy manufacturer based in Utah. The proceeds will support the company’s ongoing growth and enable it to meet increasing market demand.
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Umpqua Bank 2024 Business Barometer: U.S. Middle Market Optimism Surges, While Small Businesses Proceed Cautiously
June 14, 2024Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today released the findings of its annual Business Barometer, an in-depth study into the mood, mindset and strategic priorities of small and middle market businesses across the U.S. For the first time in its six-year history, the study shows a widening gap between the outlook and plans of middle market companies and small businesses.
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White Oak Commercial Finance Receives $1.1 Billion Credit Facility from Wells Fargo
June 14, 2024White Oak Commercial Finance, LLC (“WOCF”) has closed a new $1.1 billion credit facility agented by Wells Fargo Bank, N.A., and including 11 other banks, increasing the capital that can be invested in asset-based lending (ABL). Additionally, WOCF and White Oak ABL, LLC announced a merger of the two entities into WOCF, which will now be an integrated ABL platform structured to optimally serve this rapidly growing market.
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Solifi Celebrates 50 Years of Secured Finance Software Solutions
June 14, 2024Solifi, a global fintech software partner for secured finance, is celebrating its 50th anniversary after enjoying substantial growth in 2023. Founded in Minnesota as Decision Systems in 1974, the business initially specialized in solutions for equipment finance.
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Kowalsky Joins CohnReznick as Government and Public Sector Advisory Principal
June 14, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Ted Kowalsky is joining the firm as a Principal in its Government and Public Sector Advisory practice. In this role, Kowalsky will focus on advising public sector and commercial businesses on ways to leverage government funding and the tax code in support of a nationwide focus on community resilience, economic development, and sustainability objectives.
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First Citizens Bank Middle Market Banking in SoCal Hires Tao Sung
June 14, 2024First Citizens Bank today announced that its Middle Market Banking group has named Tao Sung as director and relationship manager in the Los Angeles region. Based in the Santa Monica office, Sung will focus on leading his team to develop new business in the area while also supporting a portfolio of existing Middle Market Banking relationships and providing a host of products and services to customers.
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Figure Technology Solutions Announces Figure Connect to Drive Efficiency and Transparency Across Capital Markets
June 14, 2024Figure Technology Solutions (“Figure”), the technology platform streamlining the private credit and housing markets, today announced the launch of Figure Connect, a first-of-its-kind blockchain-based multi-seller, multi-buyer marketplace of private credit loans.
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Stifel & Lord Abbett Form Leveraged Lending Joint Venture
June 14, 2024Stifel Financial Corp. (NYSE: SF) and Lord Abbett, LLC, today announced the formation of a substantial leveraged lending joint venture, SBLA Private Credit. SBLA Private Credit will focus on both new issue and existing loans to small and mid-sized portfolio companies of financial sponsors and compliments the existing capabilities of both firms.
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Vesper Energy Finalizes Hornet Solar Debt Syndication, Representing $592 Million in Financing
June 14, 2024Vesper Energy, a leading renewable energy developer, has successfully finalized construction and term loan syndication for its Hornet Solar project, representing approximately $592 million in investments. The syndication process, initiated after the Hornet Solar project's financial close in December 2023, signals continued investor confidence in the project and Vesper's ability to deliver reliable, resilient infrastructure.
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Monroe Capital Supports Haveli Investments’ Acquisition of Zerofox
June 14, 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 ZeroFox Holdings, Inc. (“ZeroFox”) by private equity sponsor Haveli Investments.
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Rosenthal Closes Two Factoring Transaction Totaling $6.5 Million and $25 Million in Factoring Volume
June 14, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two factoring transactions totaling $6.5 million and $25 million in factoring volume.
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Legacy Corporate Lending Provides $7MM Credit Facility to PostWorks New York
June 12, 2024Legacy Corporate Lending completed a $7 million credit facility for PostWorks New York, a digital motion picture and post production services provider, to support the company’s ongoing capital needs and continued growth.
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Legacy Corporate Lending Provides $10 Million Credit Facility to Franklin Baker Incorporated
June 12, 2024Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”).
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Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size
June 12, 2024Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender.
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CIBC Innovation Banking Leads Senior Syndicated Debt Commitment for Yipit, LLC
June 12, 2024CIBC Innovation Banking is pleased to announce that it recently acted as the lead arranger and an administrative agent on a debt facility for New York-based Yipit, LLC (YipitData), the trusted source of alternative data insights for investment funds and large corporations.
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Ecovyst Successfully Amends and Extends Term Loan Facility
June 12, 2024Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity.
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SLR Business Credit Provides $7.5 Million Line of Credit to Rapidly Growing Artisanal Baked Goods Manufacturer
June 12, 2024SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry experiencing rapid growth and increasing sales. This financial support is aimed at bolstering the company's working capital and facilitating further expansion.
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New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
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New Partnerships Highlight Dwight Funding’s Commitment to Consumer Brand Growth
June 12, 2024Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.
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The Secured Lender
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