- PPL Group Sells Structural Steel Fabrication Business as a Turn-Key Facility
- Quinn Residences Announces the Expansion of its Revolving Credit Facility to $1 Billion
- Secured Lending Confidence Index
- Reed’s Reports Third Quarter 2024 Results and Provides Business Update, Strengthens Liquidity Position with New $10 Million Credit Facility
- Linedata Launches Structured Finance Capability Strengthening Linedata Ekip360
TSL Express Daily Articles & News
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Breakout Capital and 12Five Capital Join Forces to Create a Powerhouse in Small Business Lending
Breakout Capital, a leading fintech company simplifying access to term loans for small businesses, is delighted to announce the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending. The merger, facilitated by Altriarch Commercial Finance, Inc., the new parent company of both Breakout and 12Five, establishes a strategic alliance with a day-one portfolio exceeding $80 million.
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CEOs Unite for Progress: Taking the Pledge to Support Diversity, Equity, and Inclusion (DEI)
As the chair of the SFNet’s Diversity, Equity and Inclusiveness Committee I meet with my committee composed of industry volunteers to discuss our mission of building diversity, equality and inclusion within our member companies, industry, and community. We seek to identify the issues and create awareness of the challenges, provide resources for improvements, and demonstrate sustained measurable positive outcomes throughout our SFNet community.
TSL Express Daily Headlines & News
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Bolstering National Presence, Stradley Ronon Launches California Office with 10-Lawyer Team
April 24, 2024The office — the firm’s ninth and the first on the West Coast — will be led by partner-in-charge Esther E. Cho and includes partners David D. Piper, Neal S. Robb, Melanie L. Ronen and Bentley P. Stansbury III. A team of five associates is also expected to join the firm. The group — which arrives from Keesal, Young & Logan — focuses on financial services, securities litigation, employment and commercial litigation.
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RelPro Adds Census Tract Data to Sales Intelligence Solution
April 24, 2024RelPro the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest innovation, integrating Census Tract data into its platform. This new data intelligence enables bankers to focus their local prospecting efforts with enhanced location filtering to identify businesses within designated Census Tracts.
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Securities Regulation Partner Emily Gordy Joins King & Spalding in Washington, D.C.
April 24, 2024King & Spalding announced today that securities regulation lawyer Emily Gordy has joined the firm as a partner in its Special Matters and Government Investigations practice group. Gordy is based in the firm’s Washington, D.C. office.
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Renasant Announces Leadership Transition
April 24, 2024The Board of Directors of Renasant Corporation (the “Company”) implemented the next step of the Company’s management succession plan, designating Kevin D. Chapman to become Chief Executive Officer of the Company and Renasant Bank (the “Bank”) effective May 2025. Chapman will retain his current title and duties of President of both the Company and Bank.
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First Business Bank Promotes Paige Runyard, CPA, To Assistant Vice President - Accounts Receivable Financing
April 24, 2024First Business Bank is pleased to announce Paige Runyard's promotion to Assistant Vice President - Senior Credit & Portfolio Manager within its Accounts Receivable Financing team, part of First Business Specialty Finance, LLC.
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Comvest Credit Partners Announces Investment In Senior Helpers
April 24, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Md.-based national leader in home care and wellness offerings for seniors.
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Middle-Market Companies Expect to Transition to Exclusively Digital Payments Within the Next Five Years, Citizens Survey Finds
April 24, 2024Corporate treasury departments are going paperless, and sooner than you might think, according to a new survey of more than 200 treasury executives conducted by Citizens. In fact, 94 percent of respondents who use checks today expect their company to transition to exclusively digital payments within the next five years.
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EBSC Lending Provides $26.2M Financing for a 41-Unit Affordable Community in Michigan
April 24, 2024EBSC Lending has provided $26.2 million in financing for a 41-unit affordable seniors housing complex in Michigan. The borrower, a nonprofit owner-operator, will use the proceeds to refinance existing debt and fund capital improvements.
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CNH Announces Signing of a €3.25 Billion Committed Revolving Credit Facility
April 23, 2024The facility, entered into with a group of 18 banks providing aggregate commitments in excess of €3.5 billion, has a 5-year tenor with two extension options of one year each, exercisable on the first and second anniversary of the signing date. It replaces an existing 5-year €4 billion facility due to mature in March 2026.
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Mountain Ridge Capital and Alpine Ridge Funding Announce Closing of $110 Million Senior Credit Facility from Wells Fargo Capital Finance
April 23, 2024Mountain Ridge Capital ("MRC") and Alpine Ridge Funding ("ARF"), independent asset-based lending and factoring companies backed by Arena Investors, LP ("Arena Investors"), are excited to announce the closing of a $110 million senior credit facility from Wells Fargo Capital Finance. The facility will support MRC's and ARF's continued growth in serving the credit needs of middle market companies across North America.
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First Bank Announces Promotions Following Strong 2023
April 23, 2024First Bank has promoted 38 employees who played key roles supporting customers and communities while helping the bank thrive and grow amid a record 2023.
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Deerpath Capital Closes 10th Collateralized Loan Obligation
April 23, 2024Deerpath Capital Management, LP announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO in 2024. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this transaction represents the firm's tenth CLO over the past 6 years. Deerpath Capital is one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America.
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Danimer Scientific Announces $20 Million Asset-Based Revolving Credit Facility
April 23, 2024Danimer Scientific, Inc. (NYSE: DNMR) (the “Company” or “Danimer Scientific”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today, that on April 19, 2024, it entered into an asset-based revolving credit and security agreement with Mountain Ridge Capital secured primarily by the Company’s accounts receivable and inventory.
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Crisis Prevention Institute Successfully Secures $435 Million in Debt Financing
April 23, 2024Crisis Prevention Institute (CPI) announced today that it has completed a $435 million debt financing, proceeds of which will be used to refinance the company's existing debt and fund a distribution to shareholders. Moreover, the refinancing enhances the company's financial position with extended maturities, increased liquidity, lower borrowing costs, and broader access to the public loan markets.
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The Smilist Secures $285 Million Debt Facility To Fund Continued Growth
April 23, 2024Leading Northeast-focused dental support organization ("DSO") The Smilist Management ("The Smilist") has closed a $285 million unitranche debt facility. Fidelity Direct Lending acted as Administrative Agent on the transaction and Manulife Investment Management served as Joint Lead Arranger.
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Expert Investment Banker Kenneth V. Hachikian Joins Ravinia Capital as Director
April 23, 2024Ravinia Capital LLC, a boutique investment bank, announced today that veteran investment banker Ken Hachikian is joining the firm as Managing Director, effective immediately. Ken is an experienced Investment Banker to middle market companies focusing on sales of companies and debt advisory.
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First Citizens Bank Provides $58.4 Million for Construction of Medical Inpatient Rehabilitation Facility in Miami, Florida
April 23, 2024First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida.
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Monroe Capital Supports Altamont Capital Partners’ Bishop Lifting Products, Inc.
April 23, 2024Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the growth of Bishop Lifting Products, Inc. (“Bishop Lifting”), an existing portfolio company of Altamont Capital Partners.
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Gridiron Capital Promotes Nate Krause and Spencer Oakes to Accounting Manager and Welcomes New Associate, Pranav Maganti
April 23, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Nate Krause and Spencer Oakes have been promoted to Accounting Manager, and Pranav Maganti has joined the firm as an Associate.
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Advantage Business Capital & Far West Capital to Clarify Corporate Identities
April 22, 2024Advantage Business Capital / Far West Capital announced today a clarification of corporate identities. Moving forward, all Austin, TX employees will operate under the Advantage Business Capital name. Operations in El Paso, TX, solely focused on the transportation industry, will continue under the Far West Capital name.
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