The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.
TSL Express Trending Story
If we were to represent Q1 2019 as one of those office motivational posters, “Little by little, a little becomes a lot” would be appropriate.
TSL Express Daily Headlines & News
Wells Fargo Extends Financing Relationship with Polaris
August 13, 2019Wells Fargo Commercial Distribution Finance (CDF), a unit of Wells Fargo Commercial Capital, announced today the continuation of Polaris Acceptance, a joint venture with Polaris Inc., into 2027. CDF and Polaris began the dealer wholesale financing joint venture in 1996.
George Garrod joins Industrial Funding Group, a Division of Tauber-Arons, Inc.
August 13, 2019Garrod will be responsible for sourcing Machinery & Equipment Loans nationwide starting at $100,000.
Amherst Partners Welcomes New Executive to Restructuring Practice
August 13, 2019Simaika has almost 20 years of professional experience in banking and financial advisory, providing solutions to clients across a wide range of industries including manufacturing, distribution, automotive, food and beverage, commercial products and retail, real estate, building materials and construction, and professional services.
UGI Subsidiary Announces Closing of New $700 Million Term Loan Facility
August 13, 2019The joint bookrunners and joint lead arrangers are Credit Suisse Loan Funding LLC, JP Morgan Chase Bank, N.A., Citizens Bank, N.A., PNC Capital Markets LLC and Wells Fargo LLC.
Santander Bank Adds Industry Veterans to its Asset Based Lending Business
August 13, 2019Santander Bank today announced that Paul Cronin has been selected to lead the Bank's asset based lending ("ABL") business in its Commercial Banking division. Cronin will be responsible for growing Santander's ABL business, a full-service provider with a highly diversified portfolio and particular expertise in equipment financing, wholesale trade and financial services.
Conway MacKenzie Hires Steven J. Alexander as an Executive Director for its Grand Rapids Office
August 13, 2019Conway MacKenzie has announced that Steven J. Alexander has joined the firm as an Executive Director and will lead the Grand Rapids office. In his role, Alexander will provide strategic counsel to senior leaders of middle market companies and their constituents.
Rosenthal Closes $1M Production Finance Deal for Women's Apparel Company
August 13, 2019Rosenthal & Rosenthal, Inc., today announced the completion of a recent $1 million purchase order finance facility to support the production financing requirements of a women’s private label apparel company.
Crossroads Funds $1.8 Million Inventory Revolver
August 13, 2019Crossroads Financial, a leading provider of inventory financing, has recently provided a $1.8 Million inventory revolver for the benefit of a shoe retailer.
Amerisource Closes $2,000,000 Credit Facility for Medical Research Company
August 13, 2019Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a medical research and record retrieval company based in Texas. Proceeds of the facility are being used to support the company’s significant growth plans.
More Retailers Need to Reboot their Real Estate, Advise Execs from A&G Realty Partners
August 13, 2019In column for Retail Dive, retailing veterans Peter Lynch and John Graub encourage chains to revisit their portfolio strategies in response to today’s challenges.
Tradewind Funds Kitchenware and Home Accessories Company based in Shanghai
August 13, 2019radewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and accessories for the house to buyers located domestically and in the United States and Europe.
Antares Leads Financing to Alpine Investors’ Formation of Apex Service Partners
August 13, 2019Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to support Alpine Investors’ (“Alpine”) investment in Frank Gay Services and Best Home Services to form Apex Service Partners, an HVAC, plumbing and electrical services platform.
Capital One Closes 1H 2019 Topping List of Lead Arrangers for Number of Leveraged Loans Closed in Healthcare Industry
August 13, 2019Capital One Healthcare’s Corporate Finance group maintained its position as the No. 1 lead arranger of healthcare leveraged loans by deal count for transactions up to $1 billion for the first half of 2019, according to league tables produced with data from Thomson Reuters LPC. The team closed 12 total transactions.
First Business Capital Corp. Announces Closed Deal in Michigan
August 13, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $12,000,000 credit facility including a revolving line of credit, equipment term loan, and a real estate term loan for a rolled steel parts manufacturer company located in Michigan.
Obsidian Energy Announces Update to its Syndicated Credit Facility and Peace River Oil Partnership Disposition
August 13, 2019OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the Company's syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility remaining at $550 million and $460 million, respectively.
Crestmark’s Transportation Division Announces Promotions of Sherri Holmes, Kim Meek and Phyllis Packard
August 12, 2019Executive Vice President and Transportation Services Division President Heath Holdbrooks announced the recent promotions of Sherri Holmes and Kim Meek to portfolio management for the division, and Phyllis Packard to vice president, legal compliance.
Second Avenue Capital Partners and White Oak Commercial Finance Co-Agent a $16 Million Senior Secured Credit Facility for Marolina Outdoor
August 12, 2019Second Avenue Capital Partners, LLC (“SACP”) and White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, have closed on a $16,000,000 asset-backed revolving credit facility for Marolina Outdoor, Inc., a Charleston, SC-based apparel company.
North Mill Capital Announces Acquisition of Summit Financial
August 12, 2019North Mill Capital (”North Mill”), a wholly-owned subsidiary of Solar Senior Capital (NASDAQ: SUNS), is pleased to announce the acquisition of Summit Financial Resources (“Summit”), a leading provider of factoring services across the U.S.
Iron Horse Credit Provides $5MM Stand-Alone Inventory Facility to an Electronic Goods Wholesaler
August 12, 2019Iron Horse Credit is proud to announce it recently closed a $5MM stand-alone inventory facility to an electronic goods wholesaler.
Refinitiv: Total Leverage on Large Corporate US LBO Loans Increases to 7x This Quarter
August 12, 2019
In This Section
The Secured Lender
The September Specialty Finance Issue.