- Great Rock Capital Provides a $50 Million Credit Facility to Basic Fun!
- Prominent Structured Finance Partner Joins Latham & Watkins in New York
- Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
- Secured Lending Confidence Index
- Solifi Recognised for Digital Innovation at Leasing Life Awards
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Trinseo Announces Completion of Transaction to Refinance $660 Million 2024 Term Loan and $385 Million of 2025 Senior Notes
Trinseo (“Trinseo” or “the Company”) (NYSE: TSE), a specialty material solutions provider, today announced that it has obtained $1.077 billion in aggregate principal amount of secured term loan financing (“New Term Loan Facility”) arranged by Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Oaktree Capital Management, L.P. (“Oaktree”), with funds managed by Angelo Gordon, Oaktree and Apollo Global Management, Inc. (“Apollo”) as lenders.
TSL Express Trending Story
Featured
SFNet Wins Safe Harbor Fight in California
Last Tuesday, the California Assembly Judiciary Committee voted in favor of a measure that will amend the CA SB 1235 disclosure law to provide an explicit safe harbor protecting asset-based lenders and factors who provide a good faith estimate of APR in compliance with the regulations from any liability should that estimate differ from the actual APR. The measure now moves to a vote in the Assembly and is expected to be signed by the governor by mid-July. This was a critically important concession given the fundamental challenges SFNet has contended exist in using APR as a basis of comparison for secured finance products.
TSL Express Daily Headlines & News
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Rosenthal Closes $11 Million Asset- Based Lending Transaction for Seafood Importer and Distributor
April 15, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of an asset based lending transaction for a major seafood importer totaling $11 million.
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Mountain Ridge Capital Provides $24 Million Credit Facility to National Fashion Apparel Distributor
April 15, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $24 million senior secured credit facility to national fashion apparel distributor.
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Access Capital Provides TalentBridge with $15 Million ABL Funding
April 15, 2024TalentBridge is a staffing and recruiting firm specializing in direct hire, staff augmentation, and contract-to-hire staffing. The company places over 7,500 professionals each year.
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Northleaf Capital Partners Leads US$100 Million Second Lien Credit Facility to Cutting Edge Group
April 15, 2024Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, today announced that it served as the lead arranger of a US$100 million asset-backed second lien credit facility to Cutting Edge Group (“CEG”), an established investor in and manager of niche media music rights.
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Waterworks Products Distributor Secures $20MM In ABL Funding From eCapital
April 14, 2024eCapital Corp. ("eCapital") a leading finance provider across North America and the United Kingdom, today announced the funding of a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities.
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SFNet Socal Platinum Sponsor Highlight: Buchalter
April 13, 2024At Buchalter, we prioritize relationships and understand that exceptional legal service lies at the heart of our business.
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SSG Advises the Chapter 7 Trustee of ContraFect Corporation in the Sale of Substantially All Intellectual Property Assets to Aurobac Therapeutics SAS
April 12, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to the Chapter 7 Trustee of ContraFect Corporation (“ContraFect” or the “Company”), in the sale of substantially all intellectual property assets to Aurobac Therapeutics SAS.
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The Hedaya Capital Group Smooths Out Payment Process for Fashion Company
April 12, 2024The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands.
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Encina Lender Finance Provides $30 Million Senior Credit Facility to Small-Ticket Equipment Finance Platform
April 12, 2024Encina Lender Finance, LLC announced today that it has closed a $30 million senior credit facility for a small-ticket equipment finance platform.
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KeyBank Expands its Leadership Team in Maine
April 11, 2024KeyBank has promoted Tatia Gagnon to senior vice president, senior commercial loan workout relationship management, within the bank's specialized finance group, and has appointed Graham Duck as senior relationship manager for Maine and New Hampshire.
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Frost Brown Todd Expands Nationwide Platform with New Denver Office
April 11, 2024National law firm Frost Brown Todd (FBT) announced that it has opened a new office in Denver, the latest step forward in its strategic, coast-to-coast expansion.
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Emerging Neobanking Solutions: US Capital Global Partners with Zyng Corp. on Capital Formation Strategy
April 11, 2024US Capital Global engaged as financial advisor to a Canadian fintech company specializing in ATM and kiosk software development and integration, alongside neobanking solutions.
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CohnReznick LLP Establishes New Digital Advisory Practice
April 11, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has established a new Digital advisory practice.
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Mayer Brown Advises Victory Park Capital on Secured Loan to TuHabi
April 11, 2024Mayer Brown acted as Mexican counsel to Victory Park Capital in a $30 million senior secured loan granted to MCN Investments Ltd, the holding company of TuHabi’s business in Mexico.
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WhiteHorse Finance, Inc. Appoints John P. Volpe to Its Board of Directors
April 11, 2024WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that John P. Volpe has been appointed to serve as an independent member of its Board of Directors effective April 10.
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BHI Appoints Jacob Weinstein as Head of CRE and Healthcare Teams
April 11, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, has appointed Jacob (JJ) Weinstein as Head of CRE and Healthcare.
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Zevra Therapeutics Refinances Existing Debt with up to $100M in Committed Capital under New Credit Facility
April 10, 2024Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company), a rare disease therapeutics company, today announced that it has entered into a new credit facility provided by leading biotech investors.
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$1.75 Million Asset-Based Revolving Line of Credit for Electronics Manufacturer
April 10, 2024SLR Business Credit (SLRBC) is pleased to announce the funding of a $1,750,000 ABL RLOC for an electronic board assembler and manufacturer.
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April’s heating up for Flatbay Capital: Another deal funded for a strong, family-owned business
April 10, 2024Flatbay Capital is proud to announce its second closing of April with a $2,700,000 commercial real estate purchase loan to help a Houston-based construction and restoration company acquire land for their new headquarters.
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XEN Welcomes Zahid Jethani as New CTO
April 10, 2024XEN, the cloud-based loan management platform revolutionizing the commercial lending industry, is thrilled to announce the appointment of Zahid Jethani as its new Chief Technology Officer.
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The Secured Lender
SFNet's 80th Annual Convention Issue