TSL Express Daily Articles & News
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Truist Names Beau Cummins Chief Operating Officer and Dontá Wilson Chief Consumer & Small Business Banking Officer; Hires Kristin Lesher as new Chief Wholesale Banking Officer
Truist Financial Corporation (NYSE: TFC) today announced continued progress in the company's transformation journey with the creation of a chief operating officer position, the naming of a new chief consumer & small business banking officer and the hiring of a new chief wholesale banking officer.
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Navigating the Future: Exploring Opportunities in Healthcare Asset-Based Lending
Healthcare is an industry that is constantly changing. Lenders wishing to lend into the space need to develop expertise pertaining to the unique financial needs and challenges of the sector. This article explores the opportunities to lend into this space.
TSL Express Daily Headlines & News
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Siena Lending Group Closes New $20 Million Credit Facility for Goli Nutrition Inc.
May 28, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $20 million USD credit facility to support the share purchase of Goli Nutrition Inc. (“Goli”) by a consortium consisting of Group KPS, Bastion Capital and one of the company’s original founders.
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Flatbay Capital Closes $5.5MM Cash-out Refinance for Well Known Houston Furniture Retailer
May 28, 2024Flatbay Capital was able to put together a new, three-year interest-only deal that unlocked equity, eased reporting requirements, and reduced fees for this great client. The excess cash was used to support the expansion of the company’s business and the reduction in required reporting freed up time to focus on their core business.
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Wintrust Receivables Finance Announces Closing of New $3.5M Line of Credit for Early Stage, Fast Growing, Third-Party Logistics Company
May 28, 2024Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $3,500,000 account receivable line of credit for a Midwest-based third-party logistics company.
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First Horizon Bank Recognized as One of Forbes America's Best Employers for New Grads 2024
May 28, 2024First Horizon Corporation (NYSE: FHN or "First Horizon") has been recognized as one of America's Best Employers for New Grads 2024! This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 21, 2024, and can be viewed on Forbes.com.
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CFG Merchant Solutions Closes Credit Facility of up to $145 Million to Support Small Business Growth
May 28, 2024CFG Merchant Solutions, LLC (“CFGMS” or the “Company”), a technology-enabled specialty finance and alternative funding provider, announced the successful completion of a $100.0 million senior credit facility. The credit facility is expandable up to an additional $45.0 million, representing a total capital raise of up to $145.0 million.
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GOL Announces Next Important Milestone in Financial Restructuring
May 28, 2024GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), a leading domestic airline in Brazil, today announced the next important milestone in its financial restructuring process initiated in the United States Bankruptcy Court, disclosing its new 5-Year Financial Plan (the "GOL 5-Year Plan" or the "5-Year Plan") that is expected to serve as the foundation for the Company's standalone legal plan of reorganization under Chapter 11 (the "Plan of Reorganization").
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Cardinal Energy Ltd. Announces Extension of Credit Facility
May 28, 2024Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to extend and increase its credit facilities ("Facilities"). The Facilities were increased to $200 million (previously $155 million) and the revolving period and maturity date were extended to May 31, 2025 and May 31, 2026, respectively.
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Creative Realities Closes on New Revolving Credit Facility
May 28, 2024Creative Realities, Inc., a leading provider of digital signage and media solutions, today announced that it and First Merchants Bank (“FMB”) executed a credit agreement implementing the previously-announced $22.1 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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Regal Owner Cineworld Receives Approval for $785 Million Financing Under Chapter 11 Proceedings
May 28, 2024Movie theater operator Cineworld Group, which has 9,139 screens in 10 countries, has received approval from the U.S. Bankruptcy Court for the Southern District of Texas for “first day” relief related to its Chapter 11 proceedings filed on Sept. 7. The group’s companies include Regal in the U.S.
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Apollo Insurance Secures Funding to Launch BNPL Subsidiary
May 28, 2024Canadian insurtech Apollo Insurance has raised C$18.5m ($13.5m) to establish its new buy-now-pay-later (BNPL) subsidiary, FinShore. This initiative is set to offer more than 100,000 Canadians, particularly renters, a BNPL payment solution for their insurance premiums.
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First Citizens Bank Provides $74 Million for Multifamily Building in Downtown Brooklyn
May 28, 2024First Citizens Bank today announced that its Commercial Real Estate business served as sole lender on a $74 million senior secured loan to Lonicera Partners on a 23-story, class A multifamily building in Downtown Brooklyn, New York.
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Comvest Partners Announces Investment In Senior Helpers
May 28, 2024Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Md.-based national leader in home care and wellness offerings for seniors.
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Axiom Bank Announces Factoring Facility for Transportation and Logistics Company
May 28, 2024Axiom Bank announced it provided a $4,625,000 transportation factoring facility for a multi-state transportation and logistics company.
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First Citizens Middle Market Banking Names Erik Langeland Relationship Manager and Market Leader for Northern California
May 28, 2024First Citizens Bank today announced that its Middle Market Banking group has named Erik Langeland as a relationship manager and market leader focused on building new business in Northern California. Langeland will be responsible for developing and maintaining a portfolio of middle market banking relationships, as well as delivering a full suite of commercial banking products and services.
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Eclipse Business Capital Closes $170MM ABL Credit Facility To A Specialty Retailer
May 28, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $170 million senior secured ABL credit facility to a specialty retailer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.
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AFC Gamma Provides Senior Secured Credit Facility to Women-Owned Grön Edibles
May 28, 2024AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has provided a senior secured credit facility to Grön Holdings Inc. (“Grön” or “Grön Edibles”), one of North America’s largest producers of adult-use cannabis-infused edibles. Grön intends to use the proceeds from the new credit facility to expand its business into new states.
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MidOcean Partners Provides Structured Capital to Fund the Growth of GridHawk, a Premier Provider of Utility Damage Prevention Services
May 28, 2024MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, today announced it has made a preferred equity investment in GridHawk Holdings (“GridHawk” or the “Company”), a premier provider of damage prevention services for critical utility infrastructure across the U.S.
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Recurrent Energy Secures Landmark Green, Multi-currency Financing for up to €1.3 Billion to Accelerate European Renewable Energy Portfolio
May 28, 2024ecurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, today announced that it has secured a landmark multi-currency revolving credit facility valued at up to €1.3 billion with ten banks for the construction of renewable energy projects in several European countries. Recurrent Energy and the participating financial institutions signed the agreement in Seville, Spain.
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Comvest Partners Announces $70 Million Senior Credit Facility For Nationwide Energy Partners to Support Growth Strategy
May 28, 2024Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent and is the Sole Lender on a $70 million senior secured credit facility (the “Financing”) for Nationwide Energy Partners (“NEP”, or the “Company”), an Ohio-based provider of utility management services to the multifamily market.
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Capital Group and KKR Form Exclusive Strategic Partnership to Create Public-Private Investment Solutions
May 28, 2024Leading global investment firms, Capital Group and KKR, today announced an exclusive, strategic partnership to bring new ways for investors to incorporate alternative investments into their portfolios. Capital Group and KKR intend to make hybrid public-private markets investment solutions available to investors across multiple asset classes, geographies and channels.
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The Secured Lender
SFNet's 80th Annual Convention Issue