- Atlantic National Trust, LLC
- FTC Commercial Corp.
- Anvil Energy Funds $11,000,000 Acquisition Financing
- Crestmark Equipment Finance Welcomes Rick Pierman as Senior Vice President, Strategic Operations
- Second Avenue Capital Partners and White Oak Commercial Finance Co-Agent a $16 Million Senior Secured Credit Facility for Marolina Outdoor
People's United Bank, N.A. a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), has expanded its Commercial Specialty Business with the formation of a dedicated Lender Finance team. The team will be led by Patrick Lee, Managing Director, Head of Lender Finance, Asset-Based Lending, and be an extension of the Bank’s existing Asset-Based Lending group.
TSL Express Trending Story
TSL Express Daily Headlines & News
Briar Capital Real Estate Fund LLC Provides a $2.6 Million Real Estate Term Loan to a Seafood Processor and Distributor
September 18, 2019The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market.
For a Second day, the New York Fed Spent Billions to Calm the Financial Market
September 18, 2019For the second day in a row, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress that has emerged in the overnight lending market.
Citizens Capital Markets, Inc. Advises Trigon Holding on its Divestiture of StelKast
September 18, 2019Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc.
Hogan Lovells Adds Former Delaware Court Judge Kevin Carey as Partner
September 18, 2019Judge Carey joins the firm following his retirement on August 31 from the United States Bankruptcy Court, District of Delaware, where he earned a reputation for being one of the nation’s top bankruptcy judges.
First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround Situation
September 18, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $11,000,000 revolving line of credit facility for a restaurant supplies distributor in Oregon.
CIT Names David Bagatelle Head of Relationship Commercial Banking, Eastern Region
September 18, 2019In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region.
BlueVine Appoints FinTech Veteran Brad Brodigan as Chief Commercial Officer
September 18, 2019BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer. In this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management.
Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions
September 18, 2019In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit.
Pacific Mercantile Bank Provides $5.0 Million Credit Facility to RoadEx America
September 18, 2019Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $5.0 million credit facility to RoadEx America. In addition to the financing, RoadEx utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management servi
Peabody Closes On $565 Million Revolving Credit Facility
September 18, 2019Peabody (NYSE: BTU) announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative.
Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility
September 18, 2019The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers.
Encina Business Credit Provides $65 Million Facility to Leading Oilfield Services Provider
September 17, 2019This facility consists of a revolving line of credit based on accounts receivable. The loan proceeds will be used to refinance an existing facility and to support working capital.
SG Credit Receives $113 Million Investment; Andrew Hettinger Joins as Chief Investment Officer, Lon Brown Joins as Senior Credit Advisor, Christopher Koenig Joins as Managing Director, East Coast
September 17, 2019MidMark Financial Group along with The Cynosure Group and The 4612 Group, announced a significant closing of $113 million in growth capital to acquire majority control of SG Credit Partners, Inc., in partnership with management. This investment is the initial phase of a plan to build SG Credit into a leading multi-product opportunistic credit platform.
Accord Financial Corp. and Concentra Bank Announce Strategic Alliance and Private Placement of Convertible Unsecured Subordinated Debentures
September 17, 2019Accord Financial Corp. (TSX – ACD) ("Accord") and Concentra Bank ("Concentra") are pleased to announce the formation of a strategic alliance and a $5 million private placement of convertible unsecured subordinated debentures. The strategic alliance, expected to be formalized by September 30, will allow both parties to deliver a broader range of banking and financing solutions to their clients, clearly enhancing the value they deliver in their respective markets. Accord and Concentra will also consider developing new products together as opportunities arise.
18 Moritt Hock & Hamroff Attorneys Selected as 2019 Metro New York Super Lawyers®
September 17, 2019The law firm of Moritt Hock & Hamroff LLP with offices on Long Island and in New York City is pleased to announce that 18 attorneys of the firm were selected for distinction in the 2019 Metro Edition of New York Super Lawyers®.
Wells Fargo Continues Focus on Technology Leadership with Industry Veteran Hire
September 17, 2019Wells Fargo & Company (NYSE: WFC) today announced that Tracy Kerrins has been named chief information officer of Enterprise Functions Technology. Kerrins joins the company Oct. 21 reporting to Saul Van Beurden, head of Technology. She is based in Charlotte, NC.
Wells Fargo Capital Finance Provides Funding Facility to Laura Ashley
September 17, 2019Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company (NYSE: WFC), announced today that it has provided an Asset Based Loan (ABL) to Laura Ashley plc (LSE: ALY), the British textile design company.
B&G Foods Announces Pricing of Term Loan B Facility
September 17, 2019B&G Foods, Inc. (NYSE:BGS) announced today the pricing of a $450.0 million tranche B term loan facility under B&G Foods’ existing senior secured credit facility. As previously announced, B&G Foods intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550.0 million of 5.25% senior notes due 2027, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes.
Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants
September 17, 2019Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility.
Nicole Rosciano Joins Hilco Global as Vice President, Chief Human Resources Officer
September 17, 2019Jeffrey Hecktman, Founder and CEO of Hilco Global announced today that Nicole Rosciano has joined the holding company as Vice President, Chief Human Resources Officer. Ms. Rosciano started in the newly created position on September 16th.
In This Section
The Secured Lender
The September Specialty Finance Issue.