- Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group
- Turnaround & Restructuring Expert Brian Gleason Voted President-Elect of the Turnaround Management Association
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
- eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
TSL Express Daily Articles & News
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Doing What We Do Best: Current Economic Environment Provides Opportunities
“Geopolitical concerns, maintaining strong credit quality, and the constant impacts of inflation and interest rates are all top issues to watch in 2024,” said ABCC Conference Chair, Barry Bobrow, who serves as managing director and head of Credit Markets for Regions Business Capital. “ABCC’s panels and networking events are designed to provide education and key insights on these topics and more. The Conference is a great opportunity to help attendees set their business strategy for the coming year. We look forward to welcoming everyone in February.”
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When a U.S. lawyer and a Dutch lawyer talk about anti-assignment clauses, each might misconstrue what the other is talking about. This is caused by differences in law.
TSL Express Daily Headlines & News
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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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Fed to Hold Rates Steady Amid Global Divergence in Monetary Policy
June 12, 2024The Federal Reserve will almost certainly hold US interest rates steady at the current 23-year high on Wednesday and investors need to review their portfolios amid a divergence in global monetary policy.
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Europe Poised to Delay Basel Bank Trading Rules by a Year
June 12, 2024The European Union is set to delay key parts of global bank capital rules by a year, so that the bloc’s lenders will not be disadvantaged by continued wrangling over the standards in the US, according to people familiar with the matter.
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Pritzker Private Capital Names Anna Edgcomb and Alyson Brown Vice Presidents
June 12, 2024Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced that Anna Edgcomb has rejoined the firm as Vice President – Manufactured Products and Alyson Brown has joined the firm as Vice President – Services. Ms. Edgcomb and Ms. Brown will help source and execute investments, supporting PPC’s strategy to deploy capital across family-owned and founder-led businesses in the manufactured products and services sectors.
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Tax Guard Announces Partnership with Ventures Lending Technologies
June 12, 2024Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, is announcing it has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based lenders.
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Coach USA Initiates Voluntary Chapter 11 Sale Processes to Maximize Value of Its Businesses
June 12, 2024Coach USA (the "company"), a leading provider of passenger transportation and mobility services, today announced that it commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate sale processes to preserve jobs, ensure continued service and maximize the value of its businesses.
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PNC Bank Announces $500+ Million Credit Facility for Seismic
June 11, 2024PNC Bank, National Association ("PNC"), today announced the closing of a $500+ million senior secured credit facility for Seismic, a global leader in sales enablement software. PNC served as Administrative Agent and Collateral Agent for the credit facility and PNC Capital Markets LLC ("PNCCM") served as Lead Left Arranger.
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eCapital Breaks Through Single-Debtor Barrier with $15MM Invoice Factoring Facility for Disruptive Transportation Tech Firm
June 11, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has funded a $15 million factoring facility for a world-leading technology firm in the transportation industry.
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Wintrust Business Credit Announces Closing of $11M ABL Line of Credit to Support Client Acquisition of Premium Fresh Food Distributor
June 11, 2024Wintrust Business Credit (WBC) is happy to announce a line increase to $11,000,000 for their existing client. This line increase was used by the client to support the acquisition of a Minnesota-based distributer of premium fresh seafood. WBC’s existing client is a distributor of both fresh and frozen seafood to local grocery stores, while the acquisition target works primarily with restaurants.
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Rosenthal Closes $2 Million Recourse Factoring Deal for New York-Based Staffing Firm
June 11, 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 a $2 million recourse factoring deal for a disabled veteran-owned business focused on providing staffing to local and state agencies.
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First Citizens Bank Provides Up to $400 Million for WhiteHawk Funds
June 11, 2024First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund.
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Pipe Expands Capital-as-a-Service Capacity to More Than $1 Billion Per Year with a New $100 Million Credit Facility from Victory Park Capital
June 11, 2024Pipe, the modern capital platform for fast, frictionless, dilution-free funding, today announced the close of a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The facility, which has the potential to upsize up to $200 million in the future, will support Pipe’s Capital-as-a-Service solution, enabling access to capital for millions of small and medium-sized businesses (“SMBs”) historically lacking traditional financing options.
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Barnes & Noble Education Successfully Completes Milestone Transactions to Significantly Strengthen Balance Sheet and Advance Industry Leading Services for Institutions and Students
June 11, 2024Barnes & Noble Education, Inc. (NYSE: BNED) (“BNED” or the “Company”), a leading solutions provider for the education industry, today announced that it has successfully closed its milestone equity and refinancing transactions (the “Transactions”) with Immersion Corporation (NASDAQ: IMMR) (“Immersion”) and certain of the Company’s existing stockholders and strategic partners.
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SouthState Welcomes Slate of Seven Georgia Bankers
June 11, 2024SouthState Bank has announced the addition of seven new commercial and private bankers in its growing Georgia market.
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Natural Gas Services Group Announces Expansion of Credit Facility
June 11, 2024Natural Gas Services Group, Inc. (“NGS” or the “Company”), a premier provider of natural gas compression equipment to the energy industry, announced today the closing of an expansion of its existing credit facility (the “Facility”) led by Texas Capital Bank.
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Nevada Copper Files for Chapter 11 Bankruptcy Protection
June 11, 2024Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) and its subsidiaries (collectively, “Nevada Copper” or the “Company”) today announced that they have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada.
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Monroe Capital Supports Growth of Signal 88, LLC
June 11, 2024Monroe Capital LLC (“Monroe”) announced it acted as lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Signal 88, LLC (“Signal Security”).
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McDermott Will & Emery Boosts Private Equity Finance Practice in New York
June 10, 2024International law firm McDermott Will & Emery welcomes Ellen Snare as a partner in the Transactions Practice Group in New York. Ellen represents some of the largest private equity portfolio companies, corporate borrowers, traditional lenders and private credit funds in various financings and restructurings. She joins from King & Spalding.
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Unum Group Completes Senior Note Offering
June 10, 2024Unum Group (NYSE: UNM) announced today that it has completed an offering of $400 million aggregate principal amount of senior notes due in 2054 with an annual coupon rate of 6.00 percent. Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., PNC Capital Markets LLC and Truist Securities, Inc. were joint active book-running managers.
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WesBanco Names Patrick O'Malley as Charleston/Huntington/Southeast Ohio Market President
June 10, 2024WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has named Patrick O'Malley to the role of Charleston/Huntington/Southeast Ohio (CHS) Market President and Senior Commercial Banker.
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The Secured Lender
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