TSL Digital Issue

Sierra, MCC and MDLY Amend Merger Agreements Which Would Create Leading Internally Managed BDC

Jul 29, 2019

MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business, which will operate as a wholly owned subsidiary of the Company.

SFNet's International Lending Conference Examined Critical Issues, Explored Opportunities, Relating to Cross-border Lending

The Secured Finance Network (formerly Commercial Finance Association) held its 13^th Annual International Lending Conference at DLA Piper in London, May 21-23. Attendees heard from a variety of leaders discussing the critical issues and opportunities relating to cross-border lending including looming economic upheaval, potential recession and geopolitical uncertainty.

Fifth Third Business Capital Provides $10 Million for Kratos Building Products, Inc.

Jul 25, 2019

Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Farmers Branch, Texas-based Kratos Building Products, Inc. (“Kratos”).

Santander US Appoints Timothy Wennes as President and CEO of Santander Bank, N.A., and Juan Carlos Alvarez as Santander US and SBNA CFO

Jul 24, 2019

Timothy Wennes will become President and Chief Executive Officer of Santander Bank, N.A. ("SBNA"), effective Sept. 16, 2019. He joins SBNA from MUFG Union Bank in California. Wennes succeeds Duke Dayal, who was named Chief Financial Officer of Santander UK on July 10, 2019, effective Sept. 16, 2019. Dayal currently serves as CEO of SBNA and CFO of Santander US.

The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients

The UK Government announced 11^th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.

Interview with David Koshenina, Head of WFCC’s Lender Finance Group

Jul 22, 2019

Wells Fargo Commercial Capital (WFCC) recently announced that David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders.

Hercules Capital Appoints Scott Bluestein as Chief Executive Officer and President

Jul 19, 2019

Mr. Bluestein, who has held several leadership roles in his nine years with the Company, has served as Hercules’ interim CEO since March 2019 and as Chief Investment Officer since 2014.

Citizens CML Banking Leads New Financing for Aerospace Industry

Jul 9, 2019

Citizens Commercial Banking led a new credit facility for United Kingdom-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries, to acquire Accrofab Limited.

Wells Fargo Capital Finance Completes Financing for Brooks Brothers

Jul 9, 2019

Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced the completion of financing for Brooks Brothers, the storied U.S. apparel brand and one of its oldest clothing retailers.

Lien Trouble Down on the Farm

Jul 2, 2019

In a priority dispute between a bank and two nurseries, the bank prevailed. The dispute concerned who held the senior lien in over a million dollars’ worth of trees and shrubs in three states. By Samuel R. Henninger

Siena Lending Group LLC Announces the Closing of a $10 Million Credit Facility for Southwest Spirits & Wine, LLC

Jul 2, 2019

Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”).

Solaris Water Midstream Announces $350 Million Revolving Credit Facility to Fund Growth Projects in the Permian Basin

Jul 2, 2019

Solaris Water Midstream, LLC (“Solaris Water”), a leading provider of water-related infrastructure to the oil and gas industry, announced today it has increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. (“Cadence Bank”) acted as lead arranger and administrative agent with Wells Fargo Bank, National Association (“Wells Fargo”) serving as joint lead arranger.

LinkedIn For Recruiting

Jun 20, 2019

Five years ago, if you said, “I am on LinkedIn,” people would not have understood what you meant.

Merger of Equals Between BB&T and SunTrust Will Create Truist

Jun 19, 2019

BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals.

Jack in the Box Inc. Announces Refinancing Transaction

Jun 19, 2019

Jack in the Box Inc. (NASDAQ: JACK) today announced that certain of its subsidiaries intend to complete a refinancing of the company’s existing senior credit facility, which is comprised of a term loan and revolving credit facility, with a new securitized financing facility.

Citizens Commercial Banking Leads $435 Million Construction Loan for WS Development and PSP Investments

Jun 19, 2019

Funds will be used for new 500,000 square-foot office and retail building at 111 Harbor Way in Boston’s Seaport District

Thomas M. Affolter Joins White Oak as Managing Director to Bolster Origination Efforts

Jun 4, 2019

White Oak Global Advisors, LLC (White Oak) is pleased to announce that Thomas (Tom) M. Affolter has joined White Oak as a Managing Director based in Chicago.

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