- News Detail Share Test
- High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
- Silver Point Closes on $8.5 Billion in New Capital for Direct Lending Franchise
- Granite Comfort Announces Asset-Based Credit Facility to Propel its HVAC Infrastructure-as-a-Service Offering
- Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Gordon Brothers Acquires Durkin Group Enhancing Services to Include Field Examinations
Gordon Brothers, the global asset experts, acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators in North America.
TSL Express Trending Story
Featured
Shields Up: How Secured Lenders in Canada Can Protect Against Undervaluation in Insolvency Driven Sales Processes
The present economic cycle distinguishes itself from previous credit crises due to the influence of unforeseeable elements that are driving inflationary pressures. Consequently, lenders find themselves navigating an extended period of ambiguity. Instead of encountering a swift surge of defaults, we anticipate a turbulent environment that demands the collective willingness of all involved parties to adapt terms and effectively address distress.
TSL Express Daily Headlines & News
-
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").
-
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.
-
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.
-
SLR Digital Finance Provides $500,000 Credit Facility for AI Ad Tech Company
April 18, 2024SLR Digital Finance (SLRDF) is pleased to announce the funding of a $500,000 accounts receivable credit facility for an AI advertising technology company.
-
Monroe Capital Supports Growth of Exiger
April 18, 2024Monroe Capital LLC (“Monroe”) announced it acted as the sole lead arranger and administrative agent in the funding of a senior credit facility to support the growth of Exiger, alongside private equity sponsors Carlyle, Insight Partners, and JMI.
-
US Law Firms Troutman Pepper, Locke Lord in Talks to Merge
April 18, 2024U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday they are in talks to merge, in what would be the largest law firm combination to emerge so far this year. Troutman Pepper and Locke Lord "can confirm they have entered into discussions about a possible combination," spokespeople for the two firms said in identical statements.
-
First Citizens Bank Provides $50 Million to Refinance Los Angeles Medical Office Building
April 18, 2024First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center.
-
SLR Healthcare ABL Provides $9 Million Asset-Based Revolving Line of Credit to a Nursing Home Operator
April 18, 2024SLR Healthcare ABL (“SLRHC”) is pleased to announce it has provided financing for a $9MM asset-based revolving credit facility to an Illinois based nursing home operator (“Company”). The Company includes four facilities with over 1,100 beds that specialize in short-term rehab, skilled nursing, and physical therapy.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
-
Victory Park Capital Announces $100 Million Credit Facility for Sétanta Development Capital
April 17, 2024Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that it has closed a $100 million credit facility with Sétanta Development Capital (“Sétanta”), a Charlotte-based residential real estate financing provider. The transaction will support Sétanta’s acquisition and development financing for residential land developers.
-
Finova Capital, LLC Closes on a $30 Million Senior Credit Facility
April 17, 2024Finova Capital, LLC recently closed on a senior credit facility with a major specialty lender. The $30 million facility will be used to originate new equipment leases. Bob Neagle, CEO of Finova, noted that the "addition of the new facility will allow us to finance even more equipment for our existing vendor partners, as well as support the growing number of clients added to our family of customers every month."
-
Ardagh Group Announces Entry into New Senior Secured Facility
April 17, 2024Ardagh Group S.A. (together with its subsidiaries, "Ardagh") announces that its unrestricted subsidiary, Ardagh Investments Holdings Sarl ("AIHS"), has executed definitive documentation for a new senior secured credit facility with certain investment funds and other entities managed by affiliates of Apollo Capital Management, L.P. (collectively, the "Apollo Investors"). T
-
Gordon Brothers Names Joseph Malfitano Global Head Transaction Counsel
April 17, 2024Malfitano leads the firm’s legal team focused on deal structure, risk and strategy across all transactions globally and partners with the business to deliver rapid, customized and integrated solutions to clients.
-
King Trade Capital Announces 1st Quarter Growth Exceeding 30% Year over Year
April 17, 2024King Trade Capital the US oldest and largest independent purchase order and non-bank trade finance solutions provider is pleased to announce 1st quarter revenue growth exceeding 30%.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue