- Rubicon Organics Announces Closing of its Previously Announced Credit Agreements with Community Savings Credit Union
- Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
- Fluent Inc. Announces New Credit Facility
- Western Alliance Bank Provides $35 Million Financing for Major Capital Improvements at Marina City Club
- eCapital Provides $10MM in Recent Healthcare Receivables Fundings
TSL Express Daily Articles & News
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Cambridge Savings Bank Revamps its Commercial Lending Team, Promotes Ian Brandon to EVP, Chief Commercial Banking Officer
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that Ian Brandon has been promoted to Executive Vice President, Chief Commercial Banking Officer (CCBO).
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Finding the right combination of capital resources and strategic knowledge in the sale and restructuring of a business is complicated; but when it works, this seemingly magical process of transformation creates incremental value for all constituents involved in the bankruptcy process. Take the case of Armstrong Flooring, and three affiliated companies, that each filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under Chapter 11 on May 8, 2022.
TSL Express Daily Headlines & News
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Silver Point Capital Closes $250 Million BSL CLO Equity Fund
February 6, 2025Silver Point Capital, a global leader in credit investing, today announced it has closed a new fund that will focus on investing in the equity tranches of Silver Point-managed broadly syndicated loan (BSL) CLOs. The Fund accepted capital commitments of $250 million.
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Leading Private Capital Lawyer Joins Latham & Watkins
February 6, 2025Latham & Watkins LLP1 is pleased to announce that Jerome McCluskey has joined the firm as a partner in the Banking and Private Equity Finance Practices. He is resident in the New York office and looks forward to expanding his practice to Boston.
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Winston & Strawn Names Krishnan Padmanabhan New York Office Managing Partner
February 6, 2025Winston & Strawn LLP has appointed intellectual property partner Krishnan Padmanabhan (KP) to New York Office Managing Partner. He succeeds partner Mats Carlston who has served in the role since 2021 and remains co-chair of the firm’s Finance Practice Group.
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Katten Appoints Seth Messner to Head DC Office
February 6, 2025Katten announced today that leading Structured Finance and Securitization attorney Seth M. Messner is the new managing partner of the firm's Washington, DC office, replacing Timothy J. Lynes, who led the office for eight years.
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Grant Thornton CFO Survey: Optimism Surges Post-Election
February 6, 2025A new survey from Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, revealed a dramatic surge in confidence and optimism from chief financial officers (CFOs).
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AlixPartners Welcomes David Ritter As Partner & Managing Director In The Retail Practice
February 5, 2025AlixPartners, the global consulting firm, announced today it is expanding its vibrant Retail practice with the addition of David Ritter, an industry expert with extensive experience building businesses and driving enterprise-wide performance transformation in consumer-facing environments.
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Cync Software Launches Advanced Securities-Based Lending Solution for Financial Institutions
February 5, 2025Cync Securities-Based Lending enables financial institutions to swiftly lend against a diverse range of domestically and internationally traded marketable securities, including stocks, funds, and bonds. With actionable insights and advanced risk mitigation tools, financial institutions can confidently navigate market volatility while optimizing portfolio management and loan operations through a fully integrated loan servicing module.
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Michael Attaway Joins Jackson Walker’s Corporate & Securities Practice
February 5, 2025Jackson Walker is pleased to announce that Michael Attaway has joined the Corporate & Securities practice group as a partner in the Dallas office. A seasoned corporate attorney, Michael brings extensive experience in business transactions, commercial financing, and corporate governance.
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Culain Capital Structures $8,000,000 Accounts Receivable Financing Facility for a Health Food Provider
February 5, 2025Culain Capital, a premier provider of creative financial solutions, proudly announces the successful structuring of an $8,000,000 accounts receivable financing facility for a health food provider. This facility will provide the company with the necessary working capital to scale its operations, enhance service delivery, and meet the growing demands of its clients in the rapidly expanding health food market.
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Siena Lending Group Closes a $40 Million Credit Facility for Pharmachem
February 5, 2025Siena Lending Group LLC ("Siena"), is pleased to announce the closing of a $40 Million credit facility with Pharmachem Innovations, LLC (“Pharmachem” or "Company").The five-year credit facility was used to finance the acquisition of Pharmachem by Turnspire Capital Partners LLC (“Turnspire”) and to provide additional working capital for the company’s strong growth.
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MidCap Financial Closes $36.35mm Senior Secured Credit Facility to Vulcan Metals
February 5, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $36.35mm senior secured credit facility to Vulcan Metals Corporation (“Vulcan Metals” or the “Company”). Proceeds from the credit facility were used to finance TerraMar Capital’s acquisition of the Company and support ongoing working capital needs.
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First Citizens Bank and Sixth Street Announce Launch of Sixty-First Commercial Finance to Provide Flexible Capital Equipment Financing Solutions to Middle Market Companies
February 5, 2025First Citizens Bank and Sixth Street, a leading global investment firm, today announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle market companies.
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Porter Capital Supports Healthcare Equipment Supplier’s Growth with $2 Million Deal
February 5, 2025Porter Capital is pleased to announce its recent funding of $2 million to a prominent healthcare equipment supplier, based in Boulder, Colorado. This strategic funding is aimed at providing essential working capital to ensure the supplier's operations run smoothly while promoting growth within the company.
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Ares Management Announces Fourth Quarter and Full Year 2024 U.S. Direct Lending Origination Activity
February 5, 2025Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $13.8 billion in U.S. direct lending commitments across 90 transactions during the fourth quarter of 2024 and approximately $48.2 billion in direct lending commitments across 341 transactions in the 12 months ended December 31, 2024.
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Haynes Boone Expands Fund Finance and Asset Securitization Practices With Addition of 7 Attorneys in New York
February 5, 2025Haynes Boone is strategically enhancing its Fund Finance and Asset Securitization Practices with the addition of seven attorneys in the firm’s New York office. The attorneys come from Seward & Kissel LLP, including Partner Greg Cioffi, the head of their Asset Securitization and CLO Practice, and Partner Jeff Berman, who had practiced there for over 20 years.
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Monroe Capital Hires Galen Fu as Director, Business Development and Opens Australia Office
February 5, 2025Monroe Capital LLC (“Monroe”) today announced it has expanded its platform to Australia with the appointment of Galen Fu as Director, Business Development. Fu will be based in the firm’s Sydney, Australia office and will be responsible for client servicing and capital raising across Australia.
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Stellus Capital Management, LLC Provides Unitranche Financing In Support of Palm Peak Capital's Acquisition of Pacific Shoring Products, LLC
February 5, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Palm Peak Capital's ("Palm Peak") acquisition of Pacific Shoring Products, LLC ("Pacific Shoring" or "the Company"), a leading manufacturer of trench safety equipment.
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Service Compression Announces $95 Million Credit Facility Upsize Led by J.P. Morgan
February 5, 2025Service Compression, LLC ("Service Compression" or "the Company"), a leading provider of natural gas compression services for exploration and production companies, today announced the upsize of its asset-based loan (ABL) credit facility by approximately 50%, bringing the facility's total commitment to $300 million. The facility, led by J.P. Morgan, reflects the significant market demand and growth momentum the Company has experienced across its operations in 2024.
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EB5 Capital Secures $100 Million Credit Facility
February 5, 2025EB5 Capital, a leading Regional Center operator in the EB-5 industry, announced today that it has secured a $100 million credit facility with EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, DC area. This new credit facility, which doubles the firm’s previous $50 million credit line with EagleBank, will significantly enhance EB5 Capital’s ability to remove syndication risk for its sponsors and provide the necessary capital to support future growth.
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Comvest Credit Partners Serves as Joint Lead Arranger on $325 Million Senior Credit Facility for Solidcore
February 5, 2025Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Joint Lead Arranger on a $325 million senior secured credit facility for Solidcore, a Pilates workout fitness chain based in Rosslyn, Va. The financing supports the acquisition of a majority stake in Solidcore by private equity firm L Catterton.
The Secured Lender
SFNet's The 81st Annual Convention Issue
