TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
TSL Express Trending Story
Featured
Sarah House is a managing director and senior economist for Wells Fargo’s Corporate and Investment Bank. Based in Charlotte, NC, she covers the U.S. macro economy, including the labor market, inflation trends, and monetary policy. Sarah frequently speaks about the economy to the national media, including The Wall Street Journal, Bloomberg News, CNBC and National Public Radio. She will be speaking at the SFNet’s Women in Secured Finance Conference on June 15.
TSL Express Daily Headlines & News
-
U.S. Bank, Levantor Capital Team up to Expand Working Capital Financing Options
April 3, 2024U.S. Bank offers a wide range of risk management and financing solutions to help firms improve their working capital along supply chains. In recent years, firms’ working capital needs have expanded in order to manage growing supplier networks across multiple jurisdictions, improve supplier resiliency and sales efficiencies. To continue to add to its working capital toolkit for businesses, U.S. Bank will now provide its clients Levantor’s sales finance solutions.
-
Valley Bank’s New York City Commercial Banking Team Closes $150 Million Syndicated Credit Facility to a Premier New York-Based Finance Company
April 3, 2024Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that their New York City Commercial Banking Team closed a $150 million senior revolving credit facility for a premier New York -based finance company.
-
AGL Credit Management Announces the Launch of AGL Private Credit Platform and Exclusive Cooperation Agreement with Barclays
April 3, 2024AGL Credit Management LP (“AGL” or the “Company”), a premier investment manager specializing solely on corporate credit strategies, and Barclays Plc (“Barclays”), a global Investment Bank, today announced an exclusive Cooperation Agreement and the launch of a new private credit investment platform, AGL Private Credit ("AGL PC").
-
Wolters Kluwer Names Catherine Wolfe as General Manager of CT Corporation
April 2, 2024Wolters Kluwer, a global leader in professional information, software solutions, and services, has appointed Catherine Wolfe as Executive Vice President and General Manager of its CT Corporation business, effective April 1. CT Corporation is a leading provider of corporate services and entity management solutions to organizations of all sizes in the U.S. market.
-
MidCap Financial Closes $85.0mm Senior Secured Credit Facility to Avison Young
April 2, 2024MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $85.0mm senior secured credit facility to Avison Young (“Avison Young” or the “Company”). The MidCap credit facility is part of a comprehensive financial recapitalization transaction (“Transaction”).
-
Matrix Applications Launches Transparence, An Outsourced Securities Lending Solution
April 2, 2024Matrix Applications LLC (“Matrix”), a financial technology and operational solutions provider for the capital markets, is proud to announce the launch of Transparence, a back office processing solution for equity finance operations.
-
PKF Clear Thinking Awarded 'Section 363 Sale of the Year' by 18th Annual Turnaround Awards
April 2, 2024PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, is proud to announce that it has been awarded the "Section 363 Sale of the Year ($50MM to $100MM)" by the 18th Annual Turnaround Awards for its contribution to the sale of Rockport to Authentic Brands Group.
-
Pathward Lends $8 Million to Broadcast Transmitter Manufacturer
April 2, 2024The Commercial Finance division of Pathward®, N.A., today announced an $8 million asset-based line of credit facility to a broadcast transmitter manufacturer in the Midwest. The financing provides the company with the funding to improve its working capital position.
-
Pathward Lends $4 Million to Logistics Company in Wisconsin
April 2, 2024The Commercial Finance division of Pathward®, N.A., today announced a $4 million asset-based line of credit facility to a Wisconsin-based company. Formerly a trucking company, the financing provides funding for the business to evolve into a full-service logistics outfit.
-
Pathward Lends $15 Million to LED Manufacturer to Accommodate Growth, Replace Existing Line of Credit
April 2, 2024The Commercial Finance division of Pathward®, N.A., today announced a $15 million asset-based line of credit facility to an LED lighting, headrest, and counterweight manufacturer company in Michigan.
-
Aurous Provides Funding for Sports Apparel Industry Client
April 2, 2024Aurous was presented a client in the sports apparel industry with an existing inventory and factoring agreement in place. The inventory lender signaled a desire to categorically exit the apparel space, and requested the client find an alternative financing solution.
-
Durkin Group, a Gordon Brothers Company, Expands Field Exam Services with GB4 Group
April 2, 2024The professional services firm Durkin Group, a Gordon Brothers company, has expanded its field examination services with GB4 Group to serve a broader range of clients.
-
CapitalPlus Financial Services Facilitates a $1.25M Funding for a Reno-based Finishing Contractor
April 2, 2024CapitalPlus Financial Services, a leading provider of receivables financing for the construction industry, is pleased to announce the successful funding of a $1.25 million working capital facility for a finishing contractor based in Reno Nevada.
-
SLR Healthcare ABL Provides Financing to a Medical Device Company
April 2, 2024SLR Healthcare ABL has provided financing for a $15MM asset-based revolving credit facility for a commercial stage medical device company in the pain management space (“Company”).
-
Flatbay Capital 5 Year Anniversary Proudest Moments
April 2, 2024Flatbay Capital was founded in 2019 with the goal of supporting business owners with their commercial real estate financing needs. Based in Houston, Texas, they are a nationwide non-bank lender focusing on owner-occupied commercial real estate loans. Flatbay Capital believes it’s important to understand where clients have been, where they are now, and where they are headed.
-
Acorda Therapeutics and Merz Announce Signing of “Stalking Horse” Asset Purchase Agreement
April 2, 2024Acorda Therapeutics, Inc. (Nasdaq: ACOR) (“Acorda” or “the Company”) today announced that it has entered into an asset purchase agreement with Merz Therapeutics to purchase substantially all of the assets of Acorda, including the rights to INBRIJA, AMPYRA, and FAMPYRA for $185 million. Merz Therapeutics, a leader in the field of neurotoxins, is a business of the global family-owned company Merz, headquartered in Frankfurt am Main, Germany.
-
PREIT Completes Financial Restructuring and Implements Changes to Management and Board
April 2, 2024PREIT Realty, LLC ("PREIT"), a leading owner and operator of retail real estate located in the eastern half of the United States, announced today that it has successfully concluded its financial and corporate restructuring and emerged from bankruptcy through an expedited process. The reorganization sets up PREIT with a stronger and leaner balance sheet.
-
Shoes For Crews Undergoes Restructuring For Sale Process
April 2, 2024The U.S.-based entities of slip-resistant footwear company Shoes for Crews has filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware in an effort to undergo a sale of its business.
-
Old National Announces Completion of Merger with CapStar
April 2, 2024Old National Bancorp (“Old National”) today announced the closing of its previously-announced merger with Nashville-based CapStar Financial Holdings, Inc. (“CapStar”), the holding company for CapStar Bank, as of April 1.
-
CPS Announces Renewal of $200 Million Credit Facility
April 2, 2024Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on March 29, 2024, it renewed its two-year revolving credit agreement with Ares Agent Services, L.P.
In This Section
The Secured Lender
SFNet's 80th Annual Convention Issue