- Jeeves Secures USD$75 Million Financing to Expand Latin America Footprint, Including Launch of Jeeves Pay Credit in Brazil
- Trinity Capital Inc. Launches Sponsor Finance Vertical with New Strategic Hires
- Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
- Jared Talisman Joins Colbeck Capital as Managing Director and Head of Originations
- Red River West Strengthens With the Arrival of two new Strategic Partners
TSL Express Daily Articles & News
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Tree Buckingham Joins nFusion Capital as EVP Head of Asset Based Lending
nFusion Capital announced that Tree Buckingham has joined their team as EVP Head of Asset Based Lending. Buckingham is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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What’s Ahead in 2024 for Secured Financing & Working Capital
The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.
TSL Express Daily Headlines & News
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Kirkland Advises Benchmark on Securing $150 Million Revolving Credit Facility
April 22, 2024Kirkland & Ellis represented Benchmark Energy (Benchmark), a subsidiary of Acacia Research Corp. (Nasdaq: ACTG) and McArron Partners, in obtaining a new $150 million secured revolving credit facility from Frost Bank, along with a syndicate of other Texas-based regional banks.
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Edward Irvin Joins eCapital as SVP, Business Development Officer, Amplifying Presence in Southwest and West Coast Markets
April 22, 2024eCapital Corp. ("eCapital" or "the Company"), a leading technology-enabled provider of financing to small and medium-sized businesses across North America and the U.K., announces Edward Irvin as the newest member of its business development team. Irvin's appointment strengthens the Company's presence in the Southwest and West Coast regions, enhancing its ability to serve clients.
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FTC Moves to Block Tapestry’s Acquisition of Capri
April 22, 2024The Federal Trade Commission today sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands.
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Mitsubishi HC Capital Canada Targets Further Expansion into Tech Sector
April 22, 2024Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces it is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector.
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Kraken Robotics Enters into New Credit Agreement to Support Continued Growth
April 22, 2024Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) ("Kraken" or the "Company"), announced that it has entered into a credit agreement (the “Credit Agreement”) with The Bank of Nova Scotia (the “Lender”) for credit facilities (the “Credit Facilities”) that are expected to provide added financial flexibility to support the Company’s continued growth.
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Apparel Retailer Express files for US Bankruptcy Protection, to Close Over 100 Stores
April 22, 2024Fashion retailer Express Inc (EXPR.PK), opens new tab has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday. The retailer whose portfolio includes brands such as Express, Bonobos and UpWest Express, listed assets and liabilities in the range of $1 billion to $10 billion, according to a filing with the bankruptcy court in Delaware.
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B. Riley Farber Expands Western Canada Restructuring Practice with Senior Hire
April 22, 2024B. Riley Farber, a wholly owned subsidiary of B. Riley Financial (NASDAQ: RILY) ("B. Riley"), is pleased to announce the addition of Ryan Adlington as Senior Managing Director, based in Calgary, Alberta.
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Churchill Serves as Sole Lead Arranger for a First Lien Credit Facility to Support Wynnchurch Capital’s Acquisition of Handgards
April 22, 2024Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Sole Lead Arranger for a first lien credit facility to support the acquisition of Handgards (the “Company”) by Wynnchurch Capital, L.P. (“Wynnchurch").
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Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy
April 22, 2024Kent Outdoors ("Kent" or the "Company"), which has been helping people in their pursuit of outdoor adventures for more than 60 years, today announced a $100 million credit facility from asset-based lender (ABL) Eclipse Business Capital. The new ABL facility follows recent investments from Goldman Sachs and Comvest Partners.
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Encina Lender Finance Provides $22.5 Million Senior Credit Facility to Indirect Auto Finance Platform
April 22, 2024Encina Lender Finance, LLC announced today that it has closed a $22.5 million senior credit facility for an indirect auto finance platform with a long track record of success spanning over two decades.
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Loeb Ensures Forward Momentum for a Transportation Mechanic Training Company With a $2 Million Loan
April 22, 2024A long-standing Loeb client in the mechanic training space was seeking a loan renewal to support their ongoing growth trajectory. In 24 months, they had added over $500,000 in new equipment and needed to restate their note to secure new capital that would ensure continued growth.
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Big Shoulders Capital Provides $1MM DIP Financing to Texas Steel Fabricator to Fund Going-concern Sale
April 22, 2024Big Shoulders Capital recently provided a $1MM debtor-in-possession loan for a steel fabrication business in Texas. Funds will provide working capital and enable a going-concern sale process.
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OHA is Administrative Agent & Lead Left Arranger for Acentra Health’s Private Refinancing
April 22, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting the refinancing of Acentra Health (“Acentra”), a portfolio company of Carlyle. Acentra is a leading provider of technology products and services to government healthcare agencies that are essential to administering Medicaid, Medicare and other health programs at the federal and state level, including claims processing, enrollment and data analytics. OHA is the largest holder of the new financing.
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PHX Minerals Inc. Announces Reaffirmation of Borrowing Base and Extension of Revolving Credit Facility
April 22, 2024PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX) today announced that PHX's bank lending group led by Independent Financial has completed its regularly scheduled semi-annual redetermination of the Company's senior secured credit facility (the "Credit Facility") and reaffirmed the existing $50 million Borrowing Base with no changes to pricing, covenants or other material terms.
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Redaptive Secures $225M Warehouse Financing from ATLAS SP Partners, Launching Equipment Financing Solution
April 22, 2024Redaptive, the Energy-as-a-Service ("EaaS") leader, has announced it secured $225 million in a warehouse financing facility from ATLAS SP Partners ("ATLAS SP"), a global investment firm providing stable capital, financing, advisory and institutional products.
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WSFS Announces Brooke Moyer as Senior Vice President and Director of Loan Syndications
April 22, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Brooke Moyer as Senior Vice President and Director of Loan Syndications, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.
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SFNet Instrumental in Derailment of MD Financial Disclosure Bill
April 18, 2024The Maryland proposed financial disclosure bill, which closely resembled the New York law, has been successfully derailed during the recent legislative session. SFNet worked with a Maryland lobbyist in opposition to this bill. Although this outcome marks a victory for the industry, there is a strong possibility the bill will resurface in 2025.
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Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
April 18, 2024Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility significantly enhances the Company's liquidity position and is incremental to the borrowing capacity within the Company's current $900 million asset-based revolving loan facility ("ABL").
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RadNet Announces Closing of its Previously Announced Term Loan and Revolving Credit Facility Refinancing Transaction
April 18, 2024Barclays Bank PLC, Banco Santander, S.A., New York Branch, Capital One, National Association, J.P. Morgan Chase Bank, N.A. Mizuho Bank Ltd. Truist Securities, Inc. and Wells Fargo Securities, LLC acted as joint bookrunners and joint lead arrangers in the transaction.
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Edge Capital's Creative Solutions Drive Significant Portfolio Growth
April 18, 2024As traditional banks, particularly those heavily invested in real estate, tighten their lending criteria, non-bank lenders capable of crafting customized solutions are well-positioned to thrive in today's credit environment. Illustrating that advantage, Edge Capital Lending, LLC (“Edge”), a family-office backed national asset-based lending company is proud to announce that it closed out 2023 with remarkable strength and kicked off 2024 on an impressive note.
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