- SMBC Americas Appoints Mark Corteil as Chief Risk Officer
- SLR Business Credit Funds $20 Million Credit Facility
- CIBC Innovation Banking Provides Growth Capital to Skedda
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling More Than $2,100,000
- DRB Capital Appoints Amanda Dobanton as Chief Compliance Officer and Promotion to General Counsel
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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GoldenTree Announces over $1.35 Billion Private Credit Fund
GoldenTree’s Private Credit Fund (the “Fund”) secured commitments of over $1.35 billion, surpassing its target of $800 million to $1 billion. The Fund has a global investor base that includes public and corporate pensions, sovereign funds, foundations, insurance companies, family offices and RIAs across the US, Europe, Asia and the Middle East.
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Breaking the Glass Ceiling Together: Stories of Cross-Gender Mentorship
TSL’s editor-in-chief explores the transformative power of cross-gender mentorship, especially in a male-dominated industry where there might be a shortage of female mentors. Read on for stories of female leaders who had male mentors and how they played pivotal roles in advancing their careers, dismantling biases, and cultivating inclusive workplaces.
TSL Express Daily Headlines & News
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Accord Announces Amendments to its Banking Facility
March 18, 2024ccord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today announced that it has entered into amendments to its primary credit facility with its banking syndicate. As disclosed in its third quarter report, in November 2023, the Company uncovered significant irregularities in collateral reporting by a borrower related to a $14.4 million loan, which led the Company to record a specific provision for credit losses relating to this loan.
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bluebird bio Secures up to $175 Million Debt Financing with Hercules Capital
March 18, 2024bluebird bio, Inc. (NASDAQ: BLUE) (“bluebird bio” or the “Company”) today announced that it has entered into a $175 million five-year, term loan facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”). The transaction strengthens the Company’s balance sheet as it executes on the commercial launches for its three FDA approved gene therapies – LYFGENIA for sickle cell disease, ZYNTEGLO for beta-thalassemia and SKYSONA for cerebral adrenoleukodystrophy.
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Tradewind Finance Adds EUR 35 Million Factoring Facility for Steel Manufacturer in Europe, Funds Largest Single Shipment To Date
March 18, 2024Businesses dealing in lower-priced, lower margin products typically need to sell higher volumes to turn a profit. Financing exports can facilitate large enough shipments to achieve profitability in these cases.
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Barnes & Thornburg Welcomes Experienced Bankruptcy Group Led By Partners Frank DeBorde and Lisa Wolgast
March 18, 2024Barnes & Thornburg announced today that a bankruptcy group, led by partners Frank W. DeBorde and Lisa Wolgast, has joined the firm’s Finance, Insolvency and Restructuring Department in Atlanta. The team includes of counsel Jason H. Watson and associate Talia B. Wagner.
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DRB Capital Appoints Amanda Dobanton as Chief Compliance Officer and Promotion to General Counsel
March 18, 2024DRB Capital proudly announces the appointment of Amanda Dobanton as Chief Compliance Officer and promotion to General Counsel, highlighting her extensive legal expertise cultivated over nearly sixteen years of experience in the nationwide Structured Settlement industry. As a proven leader, her nearly two-year tenure as Associate In-House General Counsel for DRB Capital exemplifies her unwavering dedication and exceptional proficiency within the organization.
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Mountain Ridge Capital Provides $30 Million Credit Facility for Southeastern Food Distributor
March 18, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $30 million senior secured credit facility for a regional distributor focused on fast food and fast casual dining.
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Court Approves Enviva’s DIP Financing and Syndication Process
March 18, 2024In the United States (US), Enviva Inc. has announced that the US Bankruptcy Court for the Eastern District of Virginia has approved, among other matters, its previously announced US$500 million debtor-in-possession financing (DIP Facility) under the Debtor-in-Possession Credit and Note Purchase Agreement (DIP Facility Agreement) and the procedures and related materials that will govern the syndication of the DIP Facility.
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Hilco Streambank Seeks Offers to Acquire Brand Assets of Legacy Furniture Brand Klaussner
March 18, 2024Hilco Streambank (www.HilcoStreambank.com), a leading intellectual property advisory firm specializing in intangible asset advisory services including sell-side, buy-side and valuation expertise, announced that it is seeking offers to acquire the brand assets of the Klaussner home furnishings brand.
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Grasshopper Expands Fund and Sponsor Banking Team with Addition of Gabrielle Piasio
March 18, 2024Grasshopper, the client-first digital bank built for the business and innovation economy, today announced the addition of Gabrielle Piasio as Senior Vice President of Sponsor Banking, marking the bank's continued momentum and commitment to providing comprehensive lending and depository solutions to companies of all stages
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Comerica Bank Appoints Tim Maiden as Group Manager of Southern Dallas Business Banking Team
March 18, 2024Comerica Bank named Tim Maiden Senior Vice President, Group Manager for its Southern Dallas Business Banking Team. He will report to Corey Bailey, Executive Vice President, Executive Director, Middle Market & Business Banking
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Suburban Propane Partners, L.P. Announces Refinancing of Revolving Credit Facility
March 18, 2024Suburban Propane Partners, L.P. (NYSE:SPH) (the "Partnership"), a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, today announced the refinancing of the $500 million senior secured credit facility (the "Revolving Credit Facility") of its operating partnership, Suburban Propane, L.P.
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Grant Thornton to Accelerate Business Strategy with Investment from New Mountain Capital
March 18, 2024Grant Thornton LLP, one of America’s leading providers of audit and assurance, tax, and advisory services, and New Mountain Capital, LLC, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced a significant growth investment to accelerate Grant Thornton’s business strategy.
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Landsea Homes Announces Commencement of Private Offering of Senior Notes
March 18, 2024andsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today that it intends to offer $300,000,000 aggregate principal amount of senior notes due 2029 (the “Notes”), subject to market conditions and other factors. The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by all of the Company’s material wholly owned subsidiaries as of their issuance (the “Guarantors”) and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company and Guarantors.
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FCPT Announces New $85 Million Term Loan Under Existing Credit Facility
March 18, 2024Barclays Bank PLC acted as Syndication Agent and Joint Lead Arranger on the Term Loan with J.P. Morgan Chase Bank, N.A. remaining as administrative agent. The additional lenders acting as Joint Lead Arrangers and Co-Documentation Agents were The Huntington National Bank, Mizuho Bank, Ltd, Raymond James Bank, Truist Bank, and Wells Fargo Bank, N.A..
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Greenberg Traurig's Julia Frost-Davies Named Among The Secured Lender's 2024 Women in Secured Finance
March 18, 2024Boston attorney Julia Frost-Davies is among 56 U.S. women honored in the "Recognizing Excellence: Women in Secured Finance 2024" issue of The Secured Lender, a publication of The Secured Finance Network.
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Darleen Gillespie of First Bank Promoted to Executive Vice President
March 18, 2024First Bank has promoted Darleen Gillespie to Executive Vice President. Gillespie, who previously served as Chief Retail Banking Officer, has been instrumental in driving First Bank’s Retail Division to new heights since joining in 2022.
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New York State to Consider Safe Harbor Amendment to Disclosure Law
March 18, 2024Working with state legislators, SFNet has been successful in getting a new safe harbor amendment introduced. Similar to California, it would provide an explicit safe harbor protecting asset-based lenders and factors who provide a good faith estimate of APR in compliance with the regulations from any liability should that estimate differ from the actual APR.
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Houlihan Lokey Appoints Rafael Pereira as a Senior Advisor
March 18, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rafael Pereira has been appointed as a Senior Advisor to assist the firm with its expansion in Brazil.
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Wingspire Capital Provides $75 Million Revolving Line of Credit to Signature Brands
March 18, 2024Wingspire Capital provided a $75 million revolving line of credit to Signature Brands. The senior secured credit facility was used to refinance an existing debt facility and provide enhanced liquidity by tailoring the structure to the seasonality of the business.
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Bow River Capital Supports Growth Catalyst Partners and Shift Paradigm With Acquisition Financing
March 18, 2024Bow River Capital, a Denver-based alternative asset manager, is pleased to announce that its Private Credit Team has provided funds to support acquisition financing for Shift Paradigm ("Shift" or the "Company"). Shift is backed by Growth Catalyst Partners ("GCP") a middle-market private equity firm investing in information, marketing, and tech-enabled services businesses.
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The Secured Lender
SFNet's The Women in Secured Finance Issue