- Gordon Brothers to Provide Real Estate Consulting Services in Support of Kirkland’s Store Growth Strategy
- White Oak Global Advisors Announces Partnership with the United Submarine Alliance Qualified Opportunity Fund LP to Bolster Domestic Submarine Development
- eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
- TerraNova Capital Equities Announces Three Transactions Totaling $45 Million
- Clifford Chance Announces Hire of Third US Private Equity Partner Vince Ferrito in New York
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Travis Pocock Joins SLR Business Credit
SLR Business Credit, and its parent company SLR Capital Partners, is proud to announce the addition of Travis Pocock as Senior Vice President. In his role, Travis will be responsible for identifying and engaging asset-based lenders, accounts receivable factoring companies, and portfolios for acquisition.
TSL Express Trending Story
Featured
On October 18, JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, announced a series of transactions raising $72 million in gross proceeds. The raise will accelerate JPC’s growth trajectory and fund new loans to JPC borrower clients.
Here we sit down with Jennifer Palmer, CEO and founder of JPalmer Collective, to learn more about the unique capital raise, which had a strategic combination of financing close simultaneously.
TSL Express Daily Headlines & News
-
Ocugen Secures $30 Million in Debt Funding
November 8, 2024Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines, today announced that on November 6, 2024, the Company entered into a new $30 million credit facility with Avenue Venture Opportunities Fund, L.P., a fund of Avenue Capital Group.
-
Winston & Strawn LLP Represents SPAC Advisory Partners LLC, Inc.
November 8, 2024Winston & Strawn LLP represented SPAC Advisory Partner LLC, Inc., as underwriters' counsel, in connection with GSR III Acquisition Corp., a blank check company, in the closing of its initial public offering of 20,000,000 units.
-
PPL Group Executes 2-Day Auction for the Largest Food Truck Manufacturer in the USA
November 8, 2024PPL Group executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding, and laser cutting machinery, and $1.5MM+ of kitchen appliances including refrigerators, freezers, and fryers for a Florida company who was previously the largest American manufacturer of food trucks.
-
REV Capital Provides $15MM Facility to Prominent Canadian Transportation Client
November 8, 2024REV Capital (“REV”), a leading provider of cashflow solutions to growing companies in North America, announced the successful implementation of a $15MM factoring facility to a prominent transportation company in Ontario.
-
Hedaya Capital Provides $750,000 Facility to Disability-Owned Business Enterprise
November 7, 2024The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. The Disability-Owned Business Enterprise (DOBE) provides temporary business professionals for the information technology, business services, engineering, manufacturing, scientific, healthcare, legal, and finance industries across multiple verticals through a centralized recruiting and delivery model.
-
Steeplechase Expands Minneapolis Office
November 7, 2024Steeplechase Advisors, LLC is a nationally recognized turnaround consulting, restructuring and transaction advisory firm. We focus extensively on middle market businesses. As part of our continued growth, we are pleased to welcome Ms. Heather Rachel to our consulting team.
-
First Business Bank Implements Robotic Automation In Its Accounts Receivable Financing Group
November 7, 2024First Business Bank's Accounts Receivable Financing group announces the implementation of robotic automation, powered by AI. Nicknamed "Astro," the automation system processes a substantial volume of factoring client cash transactions. The company plans to expand its implementation across multiple factoring operations in the future.
-
Brad Buckley Joins Needham Bank as Senior Vice President, Senior Relationship Manager, Middle Market
November 7, 2024Needham Bank is pleased to announce that Brad Buckley has joined the Commercial & Industrial Lending (C&I) team as Senior Vice President, Senior Relationship Manager, Middle Market. Reporting to Brian Sutton, Senior Vice President, Director of Middle Market, Mr. Buckley is responsible for initiating and developing relationships with Middle Market C&I customers, actively managing loan requests from the application stage to funding.
-
Orthofix Announces New Term Loan
November 7, 2024Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, today announced the entry into a new credit agreement providing the Company with up to $275 million in a senior-secured term loan with a 48-month interest only period.
-
Legacy Corporate Lending Expands Spray Products Corporation’s Borrowing Capacity with $40 Million Asset-Based Credit Facility
November 7, 2024Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $40 million asset-based credit facility to Spray Products Corporation (“Spray Products” or the “Company”), a family-owned contract manufacturer of aerosol and liquid consumer products.
-
Latham & Watkins Names 24 New Partners and 27 New Counsel
November 7, 2024Latham & Watkins LLP1 is pleased to announce that 24 associates have been elected to the partnership and another 27 associates have been promoted to the role of counsel, effective January 1, 2025. The associate promotions announced today follow the election of 19 counsel to the partnership earlier this year.
-
Brightwood and PhenixFIN Provide Senior Secured Credit Facility and Preferred Equity Facility to Support the Refinancing of MB Precision Investment Holdings LLC
November 7, 2024Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm, and PhenixFIN Corporation (“PhenixFIN”), a publicly traded business development company (NASDAQ: PFX), today announced that they have partnered with Insight Equity (“Insight”) to provide a senior secured credit facility and preferred equity facility to support the refinancing of MB Precision Investment Holdings LLC (“Precision” or the “Company”) d/b/a Midstate Machine.
-
Monroe Capital Closes Inaugural $315 Million Collateralized Fund Obligation
November 7, 2024Monroe Capital LLC (“Monroe”) today announced the closing of its inaugural collateralized fund obligation (“CFO”) known as Monroe Capital CFO I, Ltd. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies, including Monroe’s flagship senior secured direct lending and alternative credit solutions platforms, in both rated and non-rated securities.
-
Garnet Capital Closes Sale of $54 Million C&I Loan Portfolio
November 7, 2024Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $54 million C&I loan portfolio on behalf of one of the 25 largest commercial U.S. financial holding companies.
-
Indivior Extends Its Debt Maturity With Refinancing of Term Loan
November 6, 2024Indivior Plc has entered into a refinancing agreement that would allow it to push back the maturity on its existing term loan with new six-year debt facilities.
-
Curaleaf Secures New $40 Million Revolving Credit Facility
November 6, 2024Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced it successfully completed a new $40 million revolving credit facility with a major commercial regional bank. The credit line will be available to be drawn down as needed for general corporate purposes and working capital needs.
-
Holland & Knight Grows Project Finance Capabilities with Addition of Patricia "Tricia" Duffy in Washington, D.C.
November 6, 2024Holland & Knight has strengthened its Financial Services Team with the addition of Patricia "Tricia" Duffy as a partner in Washington, D.C. Ms. Duffy represents sponsors, equity investors, developers and lenders in the development, construction and financing of energy and infrastructure projects, including solar, wind, battery storage, hydroelectric and other renewable energy projects.
-
Katten Premier Private Credit Practice Grows With New Partner in New York
November 6, 2024Katten announced today that Maximilien Pucci-Sisti Maisonrouge has joined its Private Credit practice as a partner in New York. There, he will apply his proven ability to navigate complex transactions and provide key guidance on various deal types, assisting the group's longtime work with many of the most active investors in the market.
-
October Total Bankruptcy Filings Increased 16 Percent over 2023
November 6, 2024Total bankruptcy filings were 47,104 in October 2024, a 16 percent increase from the October 2023 total of 40,674, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
-
Delta Apparel Faces Chapter 11 Bankruptcy Challenges
November 6, 2024Delta Apparel has filed for Chapter 11 bankruptcy protection in the District of Delaware court. The news was announced following several challenges the apparel supplier faced over the course of the last several months, including the closure of its DTG2Go business and the departure of several key executives.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue