- CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
- Hedgeweek Names CohnReznick 2024 Best Audit Firm: Overall
- Linedata Launches Structured Finance Capability Strengthening Linedata Ekip360
- Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
- News Detail Share Test
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Enfusion Announces Closing of New $100 Million Credit Facility
Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, announced today that on September 15, 2023, it entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America, N.A.
TSL Express Trending Story
Featured
Unleashing the Power of AI in the Secured Finance Industry: A Journey into Change and Evolution
Change is the great shapeshifter of existence. It is the unseen artist who paints the landscape of our lives with broad strokes of innovation and evolution. In the world of secured finance, change is manifesting through a potent and promising medium—Artificial Intelligence (AI). One particular AI innovation, OpenAI’s ChatGPT, is at the frontier of this change, offering a path filled with opportunities and potential challenges.
TSL Express Daily Headlines & News
-
Brightwood Capital Provides Financing to Accelerate Allegiance Mobile Health’s Growth Strategy
April 29, 2024Allegiance Mobile Health (the “Company” or “AMH”), the largest private Texas-based provider of medical transportation and 911 emergency services, and Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm with over $5 billion in assets under management, today announced that Brightwood provided AMH with debt and equity financing to support the Company’s organic and inorganic growth strategy.
-
Conterra Networks Completes $580 Million Debt Capital Raise
April 29, 2024Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.
-
Tillman Infrastructure Secures $1 Billion in Financing to Drive Growth
April 29, 2024Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion. The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless internet service provider (WISP) customers' infrastructure needs.
-
Methanex Renews and Adds New Tranche to Revolving Credit Facility
April 25, 2024Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, and added an additional US$200 million tranche. The facility has been arranged with a syndicate of banks and will expire April 24, 2028 with the US$200 million tranche expiring April 24, 2026. RBC Capital Markets was the Arranger for the facility.
-
Blackstone Selling Student Housing Portfolio to KKR for $1.6B
April 25, 2024Blackstone Real Estate Income Trust (BREIT) is selling a portfolio of 19 student-housing properties to funds managed by KKR for $1.64B. The portfolio, which encompasses more than 10,000 beds, includes purpose-built student housing assets anchored to 14 four-year public universities across 10 states, the companies announced on Thursday.
-
SLR Equipment Finance Expands its Business Development Capabilities and Announces That Douglas Slagle has Joined the Company
April 25, 2024SLR Equipment Finance is pleased to announce Douglas Slagle has joined our company as Senior Vice President, Direct Sales. In his role, Douglas will help grow SLR Equipment Finance’s leasing and lending activities in California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Wyoming, Montana, & Alaska. Douglas began his career with Matrix Funding Corporation.
-
Brean Capital Serves as Co-Manager on $75.0 Million Securitization for Credibly
April 25, 2024Credibly, the fintech lending company that champions small and medium-sized businesses (SMBs), announced the successful close of its third securitization totaling $75 million in additional funding capacity. This milestone marks a significant achievement for the Company, with KBRA assigning a “AA” credit rating to the senior notes.
-
Mitsubishi HC Capital America Reveals Key Factors Shaping Adoption of Robotics-as-a-Service in 2024
April 25, 2024As robotics and automation expand rapidly into industries from healthcare to warehousing to food service, recent research shows that the global robotics-as-a-service (RaaS) market is projected to grow at a CAGR of 17.4% through 2028 to more than $4 billion.
-
US Capital Global Securities Announces $10MM Convertible Note Offering for Global Award-Winning Premium Tequila Brand
April 25, 2024US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to announce an exclusive investment opportunity for eligible investors. A convertible note offering of up to $10 million is now available for participation in Etéreo Tequila Spirit Limited (“Etéreo”), an award-winning Tequila brand that aims to redefine luxury with its fusion of Mexican heritage, European sophistication, and Mediterranean lifestyle.
-
Monroe Capital Supports Trivest Partners’ Epika Fleet Services
April 25, 2024Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the future growth of Epika Fleet Services (“Epika”), an existing portfolio company of Trivest Partners.
-
HREF Appoints new Vice President and Senior Business Development Consultant
April 25, 2024Hilco Real Estate Finance (HREF) has promoted Patrick Davenport-Jenkins (pictured above), to vice president and appointed Alexey Shokin as senior business development consultant. Patrick joined HREF as an associate in 2023 when the division was launched, after six years working in real-estate and financial services.
-
Blackstone Credit and Insurance Appoints Dan Leiter as Head of International
April 25, 2024Blackstone (NYSE:BX) today announced the appointment of Dan Leiter as Head of International for Blackstone Credit and Insurance (BXCI). In this role, reporting to Gilles Dellaert, Global Head of BXCI, Mr. Leiter will lead the activity and expansion of BXCI in EMEA and APAC. Additionally, Michael Carruthers is appointed as European Head of Private Credit, reporting to Mr. Leiter.
-
PCF Insurance Services Secures $400 Million in Incremental Financing as Part of New Delayed Draw Term Loan
April 25, 2024PCF Insurance Services, a top 20 U.S. insurance brokerage, has closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and administrative agent. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to strong demand from new and existing lenders.
-
Apollo’s ATLAS SP Announces Investment from MassMutual
April 25, 2024Apollo (NYSE: APO) and MassMutual today announced that MassMutual has become a minority equity owner in ATLAS SP Partners (ATLAS) and a capital partner to the ATLAS platform. ATLAS is the warehouse finance and securitized products business majority owned by Apollo funds. As part of the multi-billion-dollar commitment, MassMutual has also agreed to invest in Apollo’s Asset-Backed Finance (ABF) franchise.
-
SFNet Member Spotlight: Cost Reduction Solutions
April 24, 2024CRS offers due diligence and agreed upon procedures services, such as collateral field examinations, to all financial lenders as well as offering separate accounting & forensic services.
-
Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028
April 24, 2024Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans.
-
Sycamore Tree Capital Partners Closes Fifth CLO at $504 Million; Resets, Extends and Upsizes STCP CLO 3 to $525 Million
April 24, 2024Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of STCP CLO 2024-5, Ltd. (“STCP CLO 5” or “the Fund”), the Firm’s fifth and largest new issue collateralized loan obligation since launching its CLO platform in July of 2021.
-
B. Riley Serves as Exclusive Financial Advisor to GCT Semiconductor, Inc. in ~$667 Million Business Combination with Concord Acquisition Corp III
April 24, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to GCT Semiconductor, Inc. (NYSE: GCTS) (“GCT” or the "Company”) in connection with its ~$667 million business combination with Concord Acquisition Corp III. Upon the closing of the previously announced business combination, the Company began trading on NYSE under the ticker symbol “GCTS.”
-
Gordon Brothers Agents $200M Term Loan for Big Lots
April 24, 2024Gordon Brothers, the global asset experts, has agented a $200 million delayed draw term loan for Big Lots Inc. The U.S. home discount retailer of general merchandise will use the loan’s delayed draw feature to execute on strategic initiatives with the remaining amount to draw upon for available working capital and flexibility as needed.
-
SLR Digital Finance Provides $500,000 Accounts Receivable Credit Facility to a Digital Media Startup
April 24, 2024SLR Digital Finance (SLRDF) is pleased to announce the funding of a $500,000 accounts receivable credit facility for a digital media startup. The company provides programmatic advertising services, helping brands and agencies optimize ad spend across online video, connected TV, audio streaming, and social media.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue