TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 15, 2024
Source: Whitehorse Capital
October 10, 2024 – WhiteHorse Capital is pleased to announce that it has provided a new First Lien Credit Facility to Westinghouse Electric & Manufacturing Company, LLC (“Westinghouse”), with proceeds used to support the acquisition of Midwest Equipment Sales, LLC (“MWE”), one of its largest licensees, as well as to refinance existing debt and pay related transaction expenses.
James Cline, CEO of Westinghouse, stated, “The acquisition of MWE is a monumental moment for Westinghouse, allowing us to restore our legacy as both a manufacturer and a product innovator. This partnership with WhiteHorse Capital strengthens our ability to drive forward with our vision while continuing to deliver high-quality products that embody the Westinghouse name. Additionally, it will allow our licensing partners to leverage the scale and relationships MWE has built with many national retailers, creating even greater opportunities for growth and success across our brand.”
Pankaj Gupta, President and Global Head of Originations at WhiteHorse Capital, added, “It was a pleasure working with James and the Westinghouse team, and we look forward to seeing the continued growth and innovation they bring to the brand in the coming years through the acquisition of MWE.”
About Westinghouse
Founded in 1886 and headquartered in Pittsburgh, PA, Westinghouse is a licensor, with 50+ licensees across industrial power, consumer power equipment, lighting, small kitchen appliances, and more. Westinghouse has an established relationship with licensees both domestically and globally, who manufacture, distribute, and sell products while using the Westinghouse brand name. For more information, please visit westinghouse.com.
About MWE
Founded in 2009 and headquartered in Columbus, OH, Midwest Equipment Sales is a diversified, value-added distributor of branded consumer and industrial products. MWE is one of Westinghouse’s top licensees, having acquired its license for the brand’s outdoor power equipment in 2016 through the acquisition of Westpro Power Systems. Products include Westinghouse generators and inverters, pressure washers, power stations and other Westinghouse outdoor power equipment, MWE’s tracks and tires in-house brand “TNT”, and other national branded products.
About WhiteHorse Capital
WhiteHorse Capital offers flexible, creative lending solutions to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit our website at whitehorse.com.