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StoneCo. Announces $467.5 Million Credit Facility From DFC to Strengthen Working Capital of Micro, Small, and Medium Businesses
December 19, 2023StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or “the Company”) announced that it has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International Development Finance Corporation (DFC), an agency of the United States government.
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Fifth Third Announces Leadership Changes
December 19, 2023The Board of Directors voted to appoint Tim Spence chairman of the board. Spence succeeds Nick Akins, who has been elected lead independent director. Spence’s responsibilities will include chairman, chief executive officer and president, Fifth Third Bancorp. Jamie Leonard, currently chief financial officer, will become chief operating officer (COO) with oversight of the Bank’s largest customer-facing employee groups.
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Rosenthal Closes 2 Midwest-Based Deals for $4 Million
December 19, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
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Rosenthal Closes 2 Midwest-Based Deals for $4 Million
December 19, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
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Holiday Message from SFNet CEO
December 19, 2023
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FrontWell Capital Partners Upsizes Senior Secured Credit Facility to Mara Technologies to CAD$45 Million
December 19, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the increase of its secured credit facility with Mara Technologies Inc. and Mara Technologies USA Inc. (“Mara”) to CAD$45 million. Mara is a manufacturer of electronic boards and assemblies focused in infrastructure, broad band communications and power management systems.
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Churchill Asset Management Closes Second Collateralized Fund Obligation Investing in Nuveen Private Capital Flagship Strategies
December 19, 2023The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital, including U.S. senior lending, junior capital and equity co-investment, as well as European direct lending and capital solutions.
-
Houlihan Lokey Expands Transaction Opinions and Board Advisory Capabilities With Senior Hires
December 19, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Keith Kushin has joined the firm as a Managing Director in its Transaction Opinions and Board Advisory practices. Mr. Kushin is based in New York and will expand the firm’s transaction opinions services for its clients in North America.
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Trinity Capital Inc. Continues Life Sciences Growth, Hires Industry Veteran Ryan Kaeding as Managing Director
December 19, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. Mr. Kaeding, a veteran in the venture ecosystem, has been supporting venture capital-backed growth-stage companies for 20+ years.
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Connext Networks Announces Debt Financing to Accelerate Fiber Deployment
December 19, 2023Connext Networks, LLC (Connext), a Utah fiber infrastructure provider serving business and retail internet customers, announced the successful completion of a $70 million credit facility, including a $50 million accordion, arranged by Woodforest National Bank.
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Austin Financial Services Closes a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 19, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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SBM Offshore Successfully Raises a new US$210 Million Revolving Credit Facility for MPF Hull Financing
December 18, 2023SBM Offshore is pleased to announce that it has secured a US$210 million Revolving Credit Facility (RCF) for the financing of the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls. The tenor of the RCF is eighteen months with an extension option for another six months. Repayment is expected to take place upon sale of the MPF hulls or upon drawdown of the relevant project loan.
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OceanaGold Refinances Revolving Credit Facility With Improved Terms
December 18, 2023OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.
-
Sound Point Capital Partners With iCapital Marketplace
December 18, 2023Sound Point Capital Management, LP ("Sound Point"), an alternative asset management firm with approximately $46 billion of assets under management, announced today they have joined iCapital’s Marketplace, a platform offering a robust suite of alternative investment solutions to financial advisors and their clients.
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Webster Signs Definitive Agreement to Acquire Ametros
December 18, 2023Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
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Rosenthal Closes 20+ Transactions Totaling Nearly $600MM in Volume in Second Half 2023
December 18, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
StoneCo. Announces $467.5 Million Credit Facility From DFC to Strengthen Working Capital of Micro, Small, and Medium Businesses
December 19, 2023StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or “the Company”) announced that it has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International Development Finance Corporation (DFC), an agency of the United States government.
-
Fifth Third Announces Leadership Changes
December 19, 2023The Board of Directors voted to appoint Tim Spence chairman of the board. Spence succeeds Nick Akins, who has been elected lead independent director. Spence’s responsibilities will include chairman, chief executive officer and president, Fifth Third Bancorp. Jamie Leonard, currently chief financial officer, will become chief operating officer (COO) with oversight of the Bank’s largest customer-facing employee groups.
-
Rosenthal Closes 2 Midwest-Based Deals for $4 Million
December 19, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
-
Rosenthal Closes 2 Midwest-Based Deals for $4 Million
December 19, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
-
Holiday Message from SFNet CEO
December 19, 2023
-
FrontWell Capital Partners Upsizes Senior Secured Credit Facility to Mara Technologies to CAD$45 Million
December 19, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the increase of its secured credit facility with Mara Technologies Inc. and Mara Technologies USA Inc. (“Mara”) to CAD$45 million. Mara is a manufacturer of electronic boards and assemblies focused in infrastructure, broad band communications and power management systems.
-
Churchill Asset Management Closes Second Collateralized Fund Obligation Investing in Nuveen Private Capital Flagship Strategies
December 19, 2023The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital, including U.S. senior lending, junior capital and equity co-investment, as well as European direct lending and capital solutions.
-
Houlihan Lokey Expands Transaction Opinions and Board Advisory Capabilities With Senior Hires
December 19, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Keith Kushin has joined the firm as a Managing Director in its Transaction Opinions and Board Advisory practices. Mr. Kushin is based in New York and will expand the firm’s transaction opinions services for its clients in North America.
-
Trinity Capital Inc. Continues Life Sciences Growth, Hires Industry Veteran Ryan Kaeding as Managing Director
December 19, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. Mr. Kaeding, a veteran in the venture ecosystem, has been supporting venture capital-backed growth-stage companies for 20+ years.
-
Connext Networks Announces Debt Financing to Accelerate Fiber Deployment
December 19, 2023Connext Networks, LLC (Connext), a Utah fiber infrastructure provider serving business and retail internet customers, announced the successful completion of a $70 million credit facility, including a $50 million accordion, arranged by Woodforest National Bank.
-
Austin Financial Services Closes a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 19, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
-
SBM Offshore Successfully Raises a new US$210 Million Revolving Credit Facility for MPF Hull Financing
December 18, 2023SBM Offshore is pleased to announce that it has secured a US$210 million Revolving Credit Facility (RCF) for the financing of the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls. The tenor of the RCF is eighteen months with an extension option for another six months. Repayment is expected to take place upon sale of the MPF hulls or upon drawdown of the relevant project loan.
-
OceanaGold Refinances Revolving Credit Facility With Improved Terms
December 18, 2023OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.
-
Sound Point Capital Partners With iCapital Marketplace
December 18, 2023Sound Point Capital Management, LP ("Sound Point"), an alternative asset management firm with approximately $46 billion of assets under management, announced today they have joined iCapital’s Marketplace, a platform offering a robust suite of alternative investment solutions to financial advisors and their clients.
-
Webster Signs Definitive Agreement to Acquire Ametros
December 18, 2023Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
-
Rosenthal Closes 20+ Transactions Totaling Nearly $600MM in Volume in Second Half 2023
December 18, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
-
Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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