- Wolters Kluwer Expert Provides Insights on Beneficial Ownership Reporting Requirements for Trusts
- Market Sizing & Impact Study
- Mitsubishi HC Capital America Targets AI Predictive Purchase Model
- Houlihan Lokey Expands Financial Sponsors Coverage Capabilities with Experienced Hire
- Capital Southwest Announces New $150 MM Secured Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
CIBC Announces Promotion of Brandon Barr to ABL Group Head
CIBC is pleased to announce the promotion of Brandon Barr to Asset-based Lending (ABL) Group Head. In this new role, Barr is responsible for providing strategic guidance on portfolio related matters and evaluating new business segments, in addition to managing the national business efforts for the ABL team. Barr, who joined CIBC in 2011, previously served as head of business development and strategy for the bank’s ABL Group.
TSL Express Trending Story
Featured
Interview With Holland & Knight ABL Team Members
TSL’s editor-in-chief sat down with key members of Holland & Knight’s ABL team, including Wade M. Kennedy, partner and co-lead of the Asset-Based Lending Team; Christopher S. Dillon, partner and co-lead of the Asset-Based Lending Team; Hamid Namazie, financial
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
TSL Express Daily Headlines & News
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Amerisource Business Capital Strengthens Team with Recent Appointment
March 4, 2024Amerisource Business Capital, a leading provider of asset-based lending and other capital products, is pleased to announce the appointment of Jeff Dunbar as Regional Market Manager in the Midwest.
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Eclipse Business Capital Provides $85mm ABL Credit Facility to an Electronics Retailer
March 4, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided an $85 million senior secured ABL credit facility to an electronics retailer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing revolving credit facility and provide additional liquidity for working capital purposes.
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Newmont Announces Offering of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility
March 4, 2024Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont (“Newcrest Finance” and, together with Newmont, the “Issuers”) announced today that they have commenced a private offering (the “Offering”) of their notes due 2026 and notes due 2034 (together, the “Notes”).
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Osisko Development Secures US$50 Million Funding to Commence Underground Development at Cariboo Gold Project
March 4, 2024Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the Company has entered into a credit agreement with National Bank of Canada (the "Lender") providing for a US$50 million delayed draw term loan (the "Credit Facility"), through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("Barkerville").
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Tradecycle Capital Delivers a New Accounts Payable Finance Facility for an Automotive Machine Parts Supplier
March 4, 2024Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $2,500,000 revolving accounts payable funding facility for a private-equity owned automotive machine parts supplier that provides intelligent and cost-effective solutions for complicated engineering design.
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Gordon Brothers Offering for Sale by Private Treaty Royal Falcon One Superyacht
March 4, 2024Gordon Brothers, the global asset experts, is exclusively offering for sale by private treaty the Royal Falcon One superyacht. Royal Falcon One was built in 2019 and is the world’s only luxury catamaran superyacht created by Studio F.A. Porsche. The vessel is a generous four-deck, 10-berth catamaran benefiting from best-in-class design and artisanry.
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Brevet Capital Names Mei-Li da Silva Vint Chief Commercial Officer
March 4, 2024Brevet Capital (“Brevet”), a leading credit investment and specialty finance firm, today announced the appointment of Mei-Li da Silva Vint to Chief Commercial Officer, effective immediately. In this new role, Ms. da Silva Vint will oversee the product development and commercial strategies of the firm and continue to co-manage Brevet’s platform origination businesses, including overseeing the operations of the Brevet Real Assets Group.
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Alasdair Trotter Joins Grant Thornton as National Managing Principal of Growth Advisory
March 4, 2024Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, today announced that Alasdair Trotter has joined the firm as national managing principal of Growth Advisory within the Advisory Services practice. Trotter assumes the role from interim leader Scott McGurl, a longstanding principal who will continue to provide transaction advisory services to clients.
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Solifi Announces the Launch of 2024 Global Leasing Report
March 4, 2024Solifi, a global fintech software partner for secured finance, announced the release of the 2024 Global Leasing Report. This coveted digital publication details the trends, economic projections and insights into the top 50 leasing markets worldwide. This is the 18th edition that Solifi has partnered with the World Leasing Yearbook to distribute the report, which is available for download free of charge.
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MidFirst Business Credit Announces New Lending Relationship with Cooney Brothers LLC
March 4, 2024MidFirst Business Credit (MFBC) announced it has recently provided working capital and term facilities to Cooney Brothers LLC (“Cooney Bros”). Headquartered in Plymouth Meeting, PA, Cooney Bros is a distributor of pipe, valves and fittings, and other custom welded piping products for OEMs and for use in the pharmaceutical, food & beverage, power generation, marine, chemical and plastics industries.
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Greystone Monticello Provides $37 Million in Financing for Build-to-Rent Portfolio in Arizona, Cushman & Wakefield Represents Buyer
March 4, 2024Greystone Monticello and Cushman & Wakefield jointly announced today that the firms provided financing for, and represented the buyer of, respectively, a two-property portfolio of build-to-rent multifamily communities in Phoenix, Arizona.
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Trinity Capital Inc. Provides $25 Million Growth Capital To Moxe Health
March 4, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Moxe Health ("Moxe"), a leader in healthcare interoperability and clinical data exchange.
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Devonian Announces a $2.16 Million Secured Term Loan Following Repayment of $3.5 Million Long Term Loan
February 29, 2024Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD; OTCQB: DVHGF), a clinical stage botanical pharmaceutical corporation, focused on developing a unique portfolio of botanical pharmaceutical and cosmeceutical products, announced today that it has entered into a twelve (12) month term loan in a principal of $2,160,000 (the “Loan”) from Fiera Private Debt Inc. (“Fiera”), following the repayment of its $3,500,000 long term loan, which matured January 17, 2024. The Loan will be used for general corporate purposes.
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TAB Bank Names New CEO and President; Rick Bozzelli to Retire
February 29, 2024Following the decision of TAB Bank President and CEO Rick Bozzelli to retire, the Board of Directors has appointed Austin Strong, Chief Strategy Officer, as the new CEO and Tyler Heap, Chief Credit Officer, as President. This dual leadership structure is designed to continue TAB Bank toward sustained success, growth, and innovation to provide access to financial success for everyone.
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Chicago Atlantic Real Estate Finance Extends Maturity of its Revolving Credit Facility to June 2026 and Increases Size of the Accordion Feature to $150 Million
February 29, 2024Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the Fifth Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and a syndicate of FDIC-insured financial institutions to extend the maturity of its $100.0 million secured revolving credit facility (the “Revolving Loan”) and increase the accordion feature of the Revolving Loan to facilitate additional commitments up to $150.0 million.
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Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.
February 29, 2024ChargePoint (NYSE: CHPT), a leading provider of solutions for charging electric vehicles (EVs), EnTech Solutions, a division of Faith Technologies Incorporated (FTI) and a comprehensive distributed energy solutions provider, and Wells Fargo (NYSE: WFC), a leading financial services company, today announced their collaboration to offer simplified, flexible financing solutions for businesses building out charging infrastructure for EV fleets.
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Macy’s to Close 150 Namesake Stores, Prioritize Luxury Brands
February 29, 2024The announcement, accompanied with fourth-quarter results, follow a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management in December. Macy’s rejected the offer, but last week Arkhouse nominated nine directors to Macy’s board as the activist investor persists in its efforts.
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Celtic Capital Corporation Provides $1.25 Million for Manufacturer of Prefinished Doors, Trim and Custom Millwork
February 29, 2024Celtic Capital Corporation today announced its most recent new client relationship – a manufacturer of prefinished doors, trim and custom millwork for residential builders. This Company was referred to Celtic Capital by a subordinated lender to the Company that Celtic Capital has worked with previously as well as by a former client who sits on the Company’s board.
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SC&H Capital Advises Tattooed Chef in Sale of its Assets
February 29, 2024SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Tattooed Chef, Inc. (“Tattooed Chef” or “the Company”), a plant-based food company renowned for its innovative and flavorful products, has completed a sale of substantially all of its assets.
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CIBC Innovation Banking Provides Growth Capital to Drips Holdings, LLC
February 29, 2024CIBC Innovation Banking announced today that it has provided growth financing to Drips Holdings, LLC (Drips), an Akron, Ohio-based conversational outreach company that helps organizations orchestrate large scale 1:1 conversations precisely at critical moments in the customer journey.
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The Secured Lender
SFNet's The Women in Secured Finance Issue