TSL Express Industry Deals
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Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital
July 31, 2024A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client.
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esVolta Secures $258 Million Credit Facilities for ERCOT Storage Portfolio
July 31, 2024esVolta, LP announced completion of $258 million senior secured credit facilities for a 980 MWh portfolio of standalone battery energy storage projects.
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Ares Management Secures $34bn for US Senior Direct Lending Strategy
July 31, 2024Ares Management Corporation, a global alternative investment manager, has reached its final close of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). SDL III had more equity commitments than it had anticipated, totalling around $15.3bn, compared to its original $10.0bn goal. With potential leverage and equity commitments in linked vehicles, the overall capital base for SDL III is estimated to be around $33.6bn.
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BizCap® Secures $20 Million Credit Facility for Arizona Athletic Grounds
July 30, 2024BizCap®, a commercial finance advisory firm established in 2002, is pleased to announce its instrumental role in securing a $20 million Credit Facility for Arizona Athletic Grounds (“AAG”), the leading youth sports and entertainment facility in Mesa, Arizona.
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Culain Capital Structures $500,000 Accounts Receivable Financing Facility for Temporary Placement Staffing Agency
July 30, 2024Culain Capital is pleased to announce the structuring of a $500,000 accounts receivable financing facility for a leading temporary placement staffing agency. This strategic financial solution is designed to provide the company with the necessary working capital to support its ongoing growth and expansion efforts.
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LSQ Creates $3MM Invoice Finance Facility for IT Staffing Firm
July 30, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an IT staffing firm. The company was referred to LSQ by a banking partner that was unable to support funding facility increases.
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Austin Financial Services Closes $12MM Credit Facility to Manufacturer of Textile Floor Coverings
July 30, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $12MM asset-based lending (ABL) facility. The financing solution, which was extended to a family office-owned manufacturer of yarns and textile floor coverings, includes an AR and Inventory revolver, alongside a Machinery and Equipment term loan.
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Sallyport Commercial Finance Provides $900,000 for Toy Distributor
July 30, 2024Sallyport Commercial Finance is pleased to announce that a leading toy distributor has secured $900,000 in funding. This funding package includes a $750,000 accounts receivable (AR) facility and a $150,000 inventory facility.
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CIT Commercial Services Provides Up to $48 Million in Financing to Crown Crafts
July 30, 2024First Citizens Bank today announced that its CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts Inc. (NASDAQ-CM: CRWS), one of America’s largest producers of infant bedding, toddler bedding, bibs, toys and disposable products.
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Churchill Serves as Joint Lead Arranger and Administrative Agent for a Senior Secured Credit Facility to Support TJC’s Acquisition of Insulation Technology Group
July 30, 2024Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Joint Lead Arranger and Administrative Agent for a senior secured credit facility to support the acquisition of Insulation Technology Group (“ITG” or the “Company”) by TJC, LP (“TJC”).
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Portman Ridge Finance Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
July 30, 2024Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has amended and extended its existing senior secured revolving credit facility (“Credit Facility”) with JPMorgan Chase Bank, National Association (“JPM”).
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Achieve Life Sciences Announces $20M Loan Refinancing with Silicon Valley Bank
July 30, 2024Achieve Life Sciences, Inc. (Nasdaq: ACHV), a late-stage pharmaceutical company committed to the global development and commercialization of cytisinicline for smoking cessation and nicotine dependence, today announced that it has entered into a $20 million debt refinancing agreement with Silicon Valley Bank (SVB), a division of First-Citizens Bank.
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Fifth Third Bank Joins Wells Fargo to Increase ExchangeRight REIT Credit Facility to $100 Million
July 30, 2024ExchangeRight, one of the nation's leading providers of diversified real estate DST and REIT investments, has announced that Fifth Third Bank has joined Wells Fargo as a co-lender on ExchangeRight's Essential Income REIT's revolving line of credit and has increased the current credit capacity to $100 million. This closing strategically expands the REIT's credit access, adding to the recently announced Credit Facility with Wells Fargo for $75 million.
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Peakstone Realty Trust Amends and Extends Credit Facility
July 29, 2024Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced the successful closing of an amended and extended $907 million unsecured credit facility, underscoring the strength of its balance sheet and high-quality portfolio.
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Great Rock Capital Provides $75 Million of Capital to NWI Aerostructures
July 29, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided $75 million in total capital to three NWI affiliates.
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