- Gunvor Secures US $2.265 Billion Sustainability-linked, Multi-currency Revolving Credit Facility
- Asset-Based Lending & Factoring Surveys
- CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 Factoring Facility
- Silver Point Closes on $8.5 Billion in New Capital for Direct Lending Franchise
- RelPro Partners with Propense.ai to Deliver Enriched Data for Accounting and Legal Professionals
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to LDC Stone, Inc. (“LDC”). Headquartered in Addison, TX, LDC provides design, manufacturing and installation of kitchen and bath cabinet solutions to builders/contractors of single family and multi-family dwellings.
TSL Express Trending Story
Featured
Anatomy of a Deal: Non-Bank ABL Solutions - Maximizing Availability and Flexibility
White Oak executives detail a complex deal that unlocked substantial liquidity for an asset-heavy borrower in a non-traditional ABL industry.
TSL Express Daily Headlines & News
-
Pathward Transforms Product Suite with Launch of 'Solutions for Financial Institutions'
May 20, 2024Pathward®, N.A., one of the nation’s leading financial empowerment companies, today announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.
-
Eclipse Business Capital Closes $18.5MM Senior Secured Credit Facility to a Mining Company
May 20, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided an $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets.
-
Provident Financial Services, Inc. Completes Merger With Lakeland Bancorp, Inc.
May 20, 2024Provident Financial Services, Inc. (NYSE: PFS) (“Provident”) announced today that its merger with Lakeland Bancorp, Inc. (“Lakeland”) was completed, creating the premier super community banking franchise in the region.
-
First Capital Bancshares Announces Completion of $12 Million Private Placement
May 20, 2024First Capital Bancshares, Inc. ("First Capital"), parent company of First Capital Bank (the "Bank"), announced today the completion of a private placement of shares of its common stock to accredited individual and institutional investors.
-
Associated Bank Announces Community Commitment of $2 Billion
May 16, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") today announced its $2 billion Community Commitment Plan ("CCP") that will uphold its dedication to the communities it supports and empowers. The 2024-2026 CCP marks Associated's fourth three-year commitment since 2016, which has resulted in $9 billion contributed to communities across Wisconsin, Minnesota and Illinois.
-
Gray Television Announces Commencement of Proposed $1.6 Billion Refinancing Process and a Further Increase to its Revolving Credit Facility
May 16, 2024Gray Television, Inc. (“Gray,” the “Company,” “we,” or “our”) (NYSE: GTN) announced today the commencement of a refinancing process for its existing $1.15 billion term loan due 2026 and up to $450 million of its 5.875% senior notes due 2026, with the goal of extending a significant portion of its near-term debt maturities.
-
Red Lobster Creditors to Weigh Bid for Assets in Chapter 11
May 16, 2024A group of lenders to Red Lobster Management LLC is considering bidding for assets through a potential Chapter 11 sale process and seizing control of the seafood restaurant chain, according to people familiar with the matter.
-
Buyers Edge Platform Completes a $1.1 Billion Recapitalization to Accelerate the Next Phase of Growth
May 16, 2024Buyers Edge Platform (the "Company"), a leader in digital procurement solutions for the foodservice industry, today announced it has completed a $1.1B recapitalization to support its continued growth through the successful closing of a $560M Term Loan B maturing in 2031 and a $130M revolving credit facility maturing in 2031 ("new credit facilities").
-
Alliance Funding Group Strengthens Technology Finance Division with Key Leadership Appointments
May 16, 2024Alliance Funding Group (AFG), a premier provider of customized equipment financing solutions since 1998, announces significant appointments within its Technology Finance division. Adam Doyle joins as Senior Vice President, Head of Technology Finance, and Eric DeHart assumes the role of Market Director, Technology Finance.
-
Monroe Capital Supports GTCR’s Acquisition of Cloudbreak Health
May 16, 2024Monroe Capital LLC today announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Cloudbreak Health (“Cloudbreak”) by GTCR.
-
Lendscape Launches Groundbreaking Data-Driven Solution to Transform Invoice Finance
May 16, 2024Lendscape, the market-leading provider of commercial finance technology, today announced the launch of Lendscape CONNECT, a revolutionary solution designed to widen access to invoice finance by removing the traditional barriers involved for lenders and their clients.
-
Trinity Capital Inc. Provides $60 Million in Growth Capital to Metabolon
May 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $60 million in growth capital to Metabolon, a global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications.
-
Gridiron Capital Announces Fourth Partnership in GarageCo, Cedar Park Overhead Doors
May 16, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, successfully closed its fourth partnership under the GarageCo Holdings, LLC (“GarageCo” or “the Company”) platform, with Cedar Park Overhead Doors (“Cedar Park”).
-
Caleb Smith Joins Gordon Brothers as Managing Director, North America Real Estate Services
May 16, 2024In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and enhancing the operational platform to provide full life cycle portfolio optimization services to retail, office, commercial and industrial clients.
-
Flatbay Capital keeps the Ball Rolling With Another $2.3MM Bridge Loan Funded for a Houston-based, Aerospace Machine Shop
May 16, 2024This deal was secured by the company's main operating headquarters located in one of Houston’s historically underutilized business zones (HUBZones).
-
SFNet New Member Spotlight: Goba Capital
May 15, 2024Goba Capital is an alternative financing company based in Miami, FL, specializing in providing working capital solutions. With a focus on innovation and flexibility, we offer tailored financial services designed to meet the diverse needs of businesses across various industries and locations.
-
Apellis Pharmaceuticals Refinances Existing Debt with Up to $475 Million Non-Dilutive Credit Facility from Sixth Street
May 15, 2024Apellis Pharmaceuticals, Inc. (Nasdaq: APLS), today announced that it has entered into a non-dilutive, senior secured credit facility with Sixth Street, a leading global investment firm, of up to $475 million, with approximately $375 million funded at close. Apellis can draw down an additional $100 million under the facility at the company’s option prior to September 2025, subject to satisfaction of certain conditions. Additionally, the Sixth Street agreement also permits Apellis to access $100 million through a separate third-party working capital facility.
-
Trinity Capital Inc. Provides $25 Million in Growth Capital to Elevate K-12
May 15, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Elevate K-12 ("Elevate"), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.
-
Citizens Builds on Growing Presence in Florida, Announces First Market President
May 15, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and expertise as Citizens continues to grow its presence in Florida.
-
Online Auction Features Surplus AV Gear from the Ongoing Operations of Premier Global Rental Company
May 15, 2024An online auction hosted by Tiger Group on May 21 features the highest-quality rental and production-ready AV gear to be sold in North America, the company announced.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue