- Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
- Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
- High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
- White Oak Global Advisors Announces Partnership with the United Submarine Alliance Qualified Opportunity Fund LP to Bolster Domestic Submarine Development
- Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Ares Commercial Finance Adds Managing Director to its Business Development Team
Ares Commercial Finance is pleased to announce that Lindsay Gray has joined its Business Development team as a Managing Director. Based in Florida, Ms. Gray is responsible for business development and origination, with a focus on direct lending, commercial banking and restructuring advisor relationships.
TSL Express Trending Story
Featured
Anatomy of a Deal: Distilling the Right Financial Solution for a Whiskey Business
In 2020, companies across the globe experienced challenges that had previously only been hypothetical scenarios posed by business school professors. Fast forward to 2023: taking their learnings from the unprecedented events of 2020, businesses are exploring capital preservation and unique, flexible financial solutions that will support their company through the next economic challenge. Throughout this article, we will walk through how Wells Fargo completed a transaction for a new customer, working to find a solution suited to fit their needs in a unique and dynamic industry.
TSL Express Daily Headlines & News
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Amerisource Closes $2,500,000 Working Capital Facility for Printing Firm
May 15, 2024Amerisource Business Capital announced the closing and funding of a $2,500,000 working capital facility for a Utah-based commercial printer. The proceeds were used to support the company’s recent significant growth.
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eCapital Corp. Provides a $10 Million Factoring Facility for a Energy Sector Staffing Leader
May 15, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the recent completion of a $10 million factoring facility for a prominent Canada-based staffing company specializing in the recruitment and management of talent in the global energy sector.
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Gordon Brothers Expands Presence in the Middle East & Asia Pacific
May 15, 2024Gordon Brothers, the global asset experts, opened two new offices in Dubai and Auckland, expanding the firm’s presence in the Middle East and Asia Pacific. Gordon Brothers has been active in the Middle East since 2023 and provides holistic solutions across asset services and trading to retail and industrial clients in the region with a focus on servicing companies, financial institutions and their advisors.
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Womble Elects New US Leadership, Names Merrick Benn Chair and CEO-Elect
May 15, 2024Womble Bond Dickinson (US) LLP announced today that Merrick Benn has been elected US Chair and CEO, effective January 1, 2025. Currently a member of the firm’s Global Board, Benn will succeed Betty Temple, who has served as US Chair and CEO since 2016. They will work closely with the Firm Management Committee to ensure a successful transition.
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Nisha Pujji Joins Republic Business Credit as Operations Analyst in Los Angeles Office
May 15, 2024Republic Business Credit is pleased to announce the addition of Nisha Pujji to its West Coast office, adding to a team known for its ABL, e-commerce and apparel factoring expertise. Pujji will serve as an operations analyst, reporting to AVP, Operations Manager, Chad Crunelle.
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Squarespace Lines up Private Credit Financing for Take-Private Deal
May 15, 2024Website-building platform Squarespace has lined up $2.65 billion in private credit financing to support its $6.9 billion all-cash take-private by Permira. Blackstone Credit & Insurance is lead left arranger and Blue Owl Capital and Ares Capital Corp. are joint lead arrangers on the transaction financing, according to a May 13 company statement.
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Berry Global Announces Pricing of Offering of First Priority Senior Secured Notes
May 15, 2024Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the pricing of a private placement launched May 13, 2024, by its wholly owned subsidiary, Berry Global, Inc. (the “Issuer”).
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Aequum Capital Provides $9.3MM in Credit Facilities to Midwest Based Aerospace and Defense Manufacturing Company
May 15, 2024Aequum Capital is pleased to announce it recently provided a $5MM revolving credit facility and $4.3MM term loan to a Midwest-based manufacturing company. The proceeds of the facilities were used to refinance the Company's Main Street Loan ("MSL") which was facing a near term maturity. In addition, the MSL prevented the Company from accessing a working capital line of credit
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Insight Enterprises, Inc. Announces Proposed $500 Million Offering of Senior Notes
May 15, 2024Insight Enterprises, Inc. (NASDAQ: NSIT) (the “Company”) announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Senior Notes due 2032 (the “notes”). The Company expects to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility due 2027 and, to the extent of any remaining net proceeds, for general corporate purposes.
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Haventus Secures Credit Facility from Scottish National Investment Bank, UKIB
May 14, 2024Haventus, owner of Ardersier Port, has secured a £100 million joint credit facility from the Scottish National Investment Bank and UK Infrastructure Bank (UKIB), with £50 million investments from each.
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BHG Financial Doubles Down on Risk and Regulatory by Promoting Three Top-Level Executives
May 14, 2024BHG Financial (BHG), a national provider of innovative financial solutions to professionals, consumers, and financial institutions for over 23 years, announced today the promotion of three key executives in risk and regulatory relations.
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Citizens Leads $105 Million Financing for Style Crest Enterprises
May 14, 2024Citizens today announced that it led a $105 million credit facility, which included a $75 million term loan and a $30 million revolving line of credit, for Style Crest Enterprises to help the company refinance existing debt and fund acquisitions. Citizens was Lead Left bookrunner and administrative agent.
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First Citizens Bank Serves as Sole Bookrunner and Co-Lead Arranger on $150 Million in Financing for Battery Energy Storage Projects
May 14, 2024First Citizens Bank today announced that its Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy ("Apex") battery energy storage projects in Texas.
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Garrington Capital Provides $20 Million Lender Finance Facility
May 14, 2024Garrington Capital, a leading provider of capital solutions to middle- market companies in the United States and Canada, is pleased to announce the closing of a working capital revolver of up to $20 million to a California-based vehicle finance company.
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David Zolot Joins Tiger Capital Group as Managing Director, Brand Strategies
May 14, 2024David Zolot, a high-impact investment professional who brings nearly 25 years of experience in corporate, IP and consumer-brand strategy, has joined Tiger Capital Group as Managing Director, Brand Strategies.
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Stonebriar Finance Holding LLC Completes Significant Increases to its Primary Credit Facilities
May 14, 2024Stonebriar Finance Holding LLC (“Stonebriar”) announced its completion of significant increases and extensions to its primary credit facilities as it positions itself for continued growth. In April, Stonebriar increased the size of its unsecured revolving credit facility to over $500 million and extended the facility’s maturity date to April 2027.
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Kolibri Global Energy Inc. Announces Bank Line Increase to $50 Million
May 14, 2024Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. was increased from US$40 million to US$50 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”), an increase of 25%. The current outstanding amount drawn on the Credit Facility is US$32 million.
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John Marshall Bank Hires Ross A. Berman as Senior Vice President, Commercial Team Lead in Rockville
May 14, 2024-John Marshall Bank (the “Bank”), subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), is proud to announce the recent hire of Ross A. Berman as Senior Vice President, Commercial Team Lead in the Rockville Market. Mr. Berman will use his over 21 years of experience as a community banker to lead the commercial sales and business development efforts in the Bank’s DC Metro market.
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Monroe Capital Supports TZP Group’s The Black Tux, Inc.
May 14, 2024Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of refinancing of The Black Tux, Inc. (“The Black Tux”), an existing portfolio company of TZP Group and Stripes Group.
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Allied OMS and its Doctor Shareholders Secure $116 Million Credit Facility
May 14, 2024Allied OMS, the first and only doctor-led and governed management services organization (MSO) for top-tier oral and maxillofacial surgery practices, announced today that it has closed on a $116 million credit facility from four leading banks in the healthcare sector. KeyBanc Capital Markets served as left lead arranger for the syndicate, which includes BankUnited, N.A., Umpqua Bank, and First-Citizens Bank & Trust Company.
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