- Versant Funds $3 Million Non-Recourse Factoring Facility to Housewares Designer & Distributor
- First Bank Provides $13MM Line of Credit to a Building Supply Company
- TSL Subscriber Only Content
- Apricus Generation Secures $30 Million Development Financing Facility with Atlantic Union Bank
- InterNex Capital Announces $2.5 Million Facility to Electrical Maintenance Company
TSL Express Daily Articles & News
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Moritt Hock & Hamroff Bolsters Its Creditors' Rights, Litigation & Restructuring Group By Adding New Associates
Moritt Hock & Hamroff announced today the addition of two new attorneys to its Garden City office. Joseph Townsend joins the firm's Litigation and Creditors' Rights Practice Groups as an associate and Deborah Turofsky joins the firm's Creditors' Rights, Restructuring and Bankruptcy Practice Group as an associate.
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President Trump's Executive Orders Impact Financial Regulation and the Broader Economy
President Trump's recent executive orders are reshaping the landscape for financial services through significant changes to financial regulation, trade policy, and digital assets. At SFNet's Asset-Based Capital Conference in Las Vegas last week, industry leaders and policy experts gathered to analyze these changes and their implications for the lending market.
TSL Express Daily Headlines & News
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Wolters Kluwer Appoints Lisa Nelson as CEO of Financial & Corporate Compliance
March 10, 2025Wolters Kluwer, a global leader in information solutions, software, and services for professionals, has named Lisa Nelson as Chief Executive Officer of its Financial & Corporate Compliance (FCC) division, effective March 31.
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LeddarTech Enters Into Amendments to Credit Facility and Bridge Financing Offer
March 7, 2025LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has entered into: a sixteenth amending agreement (the “Sixteenth Amending Agreement”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the amended and restated financing offer dated as of April 5, 2023 (the “Desjardins Credit Facility”).
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Sallyport Commercial Finance Provides Oilfield Services Business with a $500,000 Factoring Facility
March 7, 2025Sallyport Commercial Finance is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing Oilfield Services business. With increasing business activity and extended customer payment terms, the company faced stretched accounts payables, making it difficult to pay key suppliers on time.
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M&T Bank Appoints Carmen Magistro as Northern Pennsylvania Regional President
March 7, 2025M&T Bank (NYSE: MTB) has appointed Carmen Magistro as Northern Pennsylvania Regional President. Previously serving as M&T's Commercial Senior Group Manager for Northern Pennsylvania Commercial & Industrial, Magistro has assumed additional responsibilities to help strengthen M&T's presence in the community and enhance service to customers throughout the region.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Branford Castle Partners' Acquisition of Hoffman Engineering
March 7, 2025O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), capped off a busy 2024 with new financing activity. O2 Sponsor Finance provided senior secured credit facilities to support Branford Castle Partners ("Branford Castle") in its acquisition of Hoffman Engineering ("Hoffman").
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Womble Bond Dickinson Expands Corporate & Securities Practice with Addition in San Francisco
March 7, 2025Womble Bond Dickinson announced today that Alidad Vakili has joined the firm’s Corporate & Securities Practice Group as a partner in San Francisco.
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nFusion Capital Provides a $250,000 Factoring Facility a Veteran-Owned Security Guard Staffing Brokerage
March 7, 2025nFusion Capital announced it provided a $250,000 factoring facility a Veteran-Owned Security Guard Staffing Brokerage. Established in 2021, this veteran-owned security guard staffing brokerage provides services to a wide range of commercial clients, including cannabis dispensaries.
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First Citizens Bank Leads $74 Million Financing for GridStor’s Hidden Lakes Battery Storage Project in Texas
March 7, 2025First Citizens Bank today announced that its Energy Finance business has served as lead agent on a $74 million financing of GridStor’s Hidden Lakes Reliability Project, a 220 MW / 440 MWh battery storage project in Galveston County, Texas.
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Monroe Capital Supports Battery Ventures’ Investment in Signiant, Inc
March 7, 2025Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the investment in Signiant, Inc. (“Signiant”) by Battery Ventures.
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JOANN Commences Store Closing Sales at All 790 Locations Nationwide
March 7, 2025JOANN, the fabric and crafts retailer, has commenced store closing sales at all 790 locations nationwide. The sale offers customers significant discounts on a wide assortment of crafting, sewing, and home décor products while supplies last. Initial discounts start at up to 40% off store merchandise.
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GPs Bullish on Private Market Fundraising Climate in 2025
March 7, 2025The private markets fundraising climate is expected to improve dramatically through 2025. Private debt and growth equity are emerging as the front running asset classes as investors seek greater diversification across the sector, according to a new study by CSC, the leading provider of global business administration and compliance solutions.
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Comvest Credit Partners Provides $237 Million Senior Credit Facility to Oceans Healthcare, a Platform Backed by Webster Equity Partners
March 7, 2025Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a $237 million senior secured credit facility (the “Financing”) for Oceans Healthcare (“Oceans”, or the “Company”), of Plano, Texas.
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Equify Financial Accelerates Client Success with Strategic Leadership Additions
March 7, 2025In today’s dynamic financial landscape, businesses face complex challenges in securing the right capital solutions for growth. Equify Financial, committed to guiding clients through these challenges as a trusted financial partner, is proud to announce the appointment of three industry veterans whose expertise will drive innovation and deliver tailored financing solutions.
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VAALCO Energy, Inc. Enters Into New $300 Million Revolving Credit Facility
March 5, 2025VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) announced that it has entered into a new revolving credit facility (“the new facility”) with an initial commitment of $190 million and the ability to grow to $300 million, led by The Standard Bank of South Africa Limited, Isle of Man Branch with other participating banks and financial partners.
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Rivonia Road Capital Provides $50 Million Credit Facility to Insurance Commission Advance Provider
March 5, 2025Rivonia Road Capital LLC (“Rivonia”) is pleased to announce the closing of a $50 million senior secured revolving credit facility for a leading provider of commission advance financing to accident and health (“A&H”) insurance agencies (the “Company”).
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CalciMedica Secures Credit Facility for Up to $32.5 Million
March 5, 2025CalciMedica Inc. ("CalciMedica" or the "Company") (Nasdaq: CALC), a clinical-stage biopharmaceutical company focused on developing novel calcium release-activated calcium (CRAC) channel inhibition therapies for acute and chronic inflammatory and immunologic illnesses, today announced that the Company has entered into a credit facility with Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, providing up to $32.5 million.
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Rockland Trust Promotes Portfolio Manager to Commercial Banking Officer
March 5, 2025Rockland Trust has promoted Christopher O’Sullivan to associate VP, commercial banking officer for the Middle Market Commercial Banking Team. In this role, O’Sullivan will be responsible for identifying and managing relationships with middle-market companies across New England.
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CIBC Innovation Banking supports MediSpend’s acquisition of Real Life Sciences
March 5, 2025CIBC Innovation Banking announced today that it has provided credit facilities to support MediSpend’s acquisition of Real Life Sciences (“RLS”), a leading provider of advanced anonymization and redaction solutions for clinical trial data. Backed by Susquehanna Growth Equity (“SGE”), MediSpend provides commercial compliance solutions for the largest pharmaceutical, medical device and dental companies as well as emerging biotech companies across the world.
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SLR Business Credit Closes $13.5 Million Credit Facility
March 5, 2025SLR Business Credit is pleased to announce the funding of a $10,000,000 ABL RLOC for an over 80-year-old manufacturer of custom precision components for the medical, energy, nuclear, aerospace, defense, and oil & gas industries.
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Alleon Healthcare Capital Provides a $2,000,000 Medical Accounts Receivable Financing Facility to a NJ-Based Mental Health Disorders and Substance Abuse Center
March 5, 2025Alleon Healthcare Capital, LLC (“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 $2,000,000 medical accounts receivable financing facility with a mental health disorders and substance abuse center based in New Jersey (“Company”).
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