- First Citizens Bank Leads $125 Million Financing for New Day Healthcare
- Solifi Recognised for Digital Innovation at Leasing Life Awards
- Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
- News Detail Share Test
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
TSL Express Daily Articles & News
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Peoples Financial Services Corp. and FNCB Bancorp, Inc. Announce Transformational Strategic Merger
Peoples Financial Services Corp. ("Peoples") (Nasdaq: PFIS) and FNCB Bancorp, Inc. ("FNCB") (Nasdaq: FNCB) today announced they have entered into a definitive agreement under which Peoples and FNCB will combine in an all-stock strategic merger valued at approximately $129.0 million based on a 20-day volume.
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Putting Capital to Work - Patrick Ta Beauty: SG Credit Partners’ Consumer Products Division Helps Company Flourish
Patrick Ta was always an entrepreneur. He opened his first tanning and beauty salon at 17 years old, learning key lessons, as well as the art of the pivot that would inform his future beauty career. After closing the doors to his first venture in Scottsdale, AZ, Ta moved to Los Angeles, CA, and further explored his passion for makeup.
TSL Express Daily Headlines & News
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Alleon Healthcare Capital Provides a $1,000,000 Accounts Receivable Factoring Facility to a NY based Home Infusion Nursing Company
May 2, 2024Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $1,000,000 accounts receivable factoring facility with a home infusion nursing company in New York (“Company”).
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Ares Management Corporation Reports First Quarter 2024 Results
May 2, 2024Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2024. GAAP net income attributable to Ares Management Corporation was $73.0 million for the quarter ended March 31, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.33 for the quarter ended March 31, 2024.
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Houlihan Lokey Healthcare Group Adds Experienced Hire
May 2, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Erik Kistler has joined the firm’s Healthcare Group as a Managing Director. Based in New York, Mr. Kistler will cover selected areas within healthcare retail multi-site, physician practices, and pharma services.
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Clifford Chance Further Strengthens US M&A Practice With Partner Chang-Do Gong in New York
May 2, 2024Global law firm Clifford Chance has hired Chang-Do Gong to join its US Mergers and Acquisitions practice. Gong brings 25 years of public and private M&A experience across a wide spectrum of industries including energy and infrastructure, healthcare and life sciences, media and technology.
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Cedar Fair Announces Successful Closing of $1.0 Billion Term Loan B and $300 Million Revolving Credit Facility
May 2, 2024Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.
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SLR Credit Solutions Agents Senior Credit Facility for Fluent, Inc.
May 2, 2024SLR Credit Solutions (“SLR CS”) announced the closing of a $50 million senior credit facility comprised of a revolver and term loan for Fluent, Inc. (“Fluent” or the “Company”), a leader in performance marketing, delivering customer acquisition and partner monetization solutions through its digital media portfolio, global commerce partnerships, and proprietary data and tech.
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Doman Building Materials Group Renews and Extends Senior Revolving Banking Facility
May 1, 2024Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) is pleased to announce the early renewal of its senior revolving credit facility with its lender and agent, Wells Fargo Capital Finance Corporation (Canada) and CIBC, RBC and TD as syndicate lenders. Doman has renewed its senior revolving banking facility of $500 million.
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LSQ Creates $3.5MM Invoice Finance Facility for Hospitality/IT Staffing Firm
May 1, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million account receivable credit facility for a staffing firm serving the hospitality and IT industries.
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King Trade Capital Announces a $4.5MM Client Purchase Order Line Increase
May 1, 2024The aircraft parts company initially received a PO finance solution from King Trade Capital to help execute upon the purchase and refurbishment of parts to fulfill $18 Million of purchase orders from major US airline and the US government.
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CapitalPlus Provides $250,000 Spot Factoring Facility to Arizona-Based Concrete Subcontractor
May 1, 2024CapitalPlus Financial Services, a leader in construction-specific factoring, announced today that it has extended a $250,000 spot factoring working capital facility to a rapidly growing concrete subcontractor based in Arizona. The newly established subcontractor, unable to secure traditional financing, turned to CapitalPlus to support their burgeoning business needs.
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SLR Digital Finance Provides a $4 Million Line of Credit to a 2023 Inc. 5000 B2B Digital Marketing Company
May 1, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $4,000,000 credit facility for a New York based lead generation and digital marketing specialist, recognized as one of the fastest-growing private companies in America.
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Blank Rome Launches in Boston with Prominent 25-Attorney Corporate and Finance Team
May 1, 2024Blank Rome is pleased to announce that the firm has expanded its national platform with the opening of a new office in Boston, anchored by 13 partners with leading corporate, finance, mergers and acquisitions (“M&A”), tax, litigation, and cannabis practices. Joining the partners are 12 associates and several business professionals. The premier team of nationally recognized attorneys, led by partners Frank A. Segall and Josef B. Volman.
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CohnReznick and Prevedere Forge Strategic Alliance
May 1, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, and Prevedere, a provider of external planning analytics software, today announced a strategic alliance designed to help organizations drive growth through comparative analytic insights and guidance.
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Aequum Capital Provides $8.5MM Refinance and Acquisition Growth Facilities for BrightWorks IT, a Sponsored Platform Managed Services Provider (MSP)
May 1, 2024Aequum Capital recently completed a two-stage senior Term Loan facility to refinance venture debt of $6MM including exit fees plus additional debt capital for acquisitions of up to $2.5MM for BrightWorks IT, a portfolio company of Cloud Equity Group.
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TBK Bank Appoints Jamie Paterson as EVP, Chief Operating Officer - Banking Operations
May 1, 2024Triumph Financial, Inc. (Nasdaq: TFIN) announced today the appointment of Jamie Paterson as the executive vice president, chief operating officer – banking operations of its TBK Bank, SSB subsidiary. In his role, Paterson will be responsible for overseeing operational excellence for the bank.
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Citizens Business Conditions Index™ Drops in Q1
May 1, 2024The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy.
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Group 1 Automotive Upsizes Revolving Credit Facility to $2.5 Billion
May 1, 2024Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability.
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JOANN Enters New Era of Creativity Poised to Serve the Sewing, Craft and DIY Industry with Lowest Level of Debt in More than a Decade
May 1, 2024JOANN, the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced today it has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a $153 million exit financing facility that replaces the previously announced debtor-in-possession financing.
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Golub Capital Announces $2 Billion Final Close for its Sixth Credit Opportunities Fund
May 1, 2024Golub Capital today announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.
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Emergent BioSolutions Announces Amendment to its Existing Credit Facility
May 1, 2024Emergent BioSolutions Inc. (NYSE: EBS) announced that it has entered into a “Consent, Waiver and Seventh Amendment” to its existing credit facility.
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