- Tiger Group Offers Rental-Ready Audiovisual Gear from Stray Angel Films
- Hogan Lovells Expands Corporate & Finance Practice with Addition of Krisa Benskin in Houston
- RiverStone International Announces the Appointment of Charlotte Pritchard as UK CEO
- SouthStar Delivers $500,000 Financing Facility to Support a Growing Government Contractor
- Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
TSL Express Daily Articles & News
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Cambridge Savings Bank Announces Leadership Changes: Kevin McGuire Named Chief Operating Officer, Christopher Johnson as Chief Information Officer
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that Kevin McGuire, previously the Chief Information Officer (CIO), has been appointed as the new Chief Operating Officer (COO), effective immediately. McGuire succeeds Michael Gilles, who is retiring after a distinguished career with the bank. In his new role, McGuire will assume responsibility for driving the bank's operational efficiency and aligning its activities with the bank’s strategic goals. McGuire’s areas of oversight will include strategic planning, capital management, balance sheet strategies, risk and investment management, and more.
TSL Express Trending Story
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The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.
TSL Express Daily Headlines & News
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First Financial Bank Expands to Michigan
January 27, 2025First Financial Bank (Nasdaq: FFBC) is expanding into Michigan with the introduction of Grand Rapids native and highly experienced banker Chris Turner as commercial market president, and the opening of a commercial banking office in Grand Rapids.
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Newly Launched Alliance Equipment Finance Brings Decades of Experience to Equipment Financing
January 27, 2025AFG and Lightbrook announce the launch of Alliance Equipment Finance (AEF) , a new standard of efficiency and expertise to equipment financing. Specializing in transactions ranging from $5 million and $50 million, AEF offers businesses streamlined financial solutions to support critical capital investments.
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Container Store Gets Court Approval for Bankruptcy Restructuring
January 27, 2025U.S. Bankruptcy Judge Alfredo Perez at a court hearing in Houston, Texas, overruled the objections of the U.S. Justice Department's bankruptcy watchdog to the deal's legal protections for the company's officers, directors, and lenders, finding that the Container Store had obtained consent from its creditors.
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Online Auction Features Bottling Lines from Food-Production Plant
January 27, 2025Well-maintained bottle-filling lines, plant-support equipment and material-handling assets will go to auction on January 28 in a food-and-beverage industry online auction by Tiger Group and M Davis Group.
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BHI Serves As Senior Lender for $99 Million Construction Loan To Renovate 95 Madison Avenue
January 27, 2025BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced it will serve as the senior lender for a $99 million construction loan to renovate the 17-story office building at 95 Madison Avenue, also known as The Emmett Building, for residential use.
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Transom Capital Adds Mads Jorge to Investment Leadership Team
January 27, 2025Transom Capital Group (“Transom”) announced today that Mads Jorge has joined the firm as a Managing Director and senior member of the Investment Team. Jorge will draw on his extensive experience of public and private markets investing, as well as the relationships he has cultivated over three decades, to source, evaluate and expand new investment opportunities for Transom.
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President Michael P. Lyons to Depart PNC
January 27, 2025The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that President Michael P. Lyons is departing PNC to assume the President & CEO-Elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024.
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MidCap Financial Closes $145mm Asset-Based Credit Facility to Newman Tractor
January 27, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $145mm senior-secured, asset-based credit facility to Newman Tractor, LLC (“Newman Tractor” or the “Company”). Proceeds from the credit facility were used to refinance capital structure, general corporate purposes and will be available for ongoing working capital needs.
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Cloud Capital Funding Successfully Funds a $1,500,000 Factoring and Purchase Order Funding Facility To A Supplier to The Defense Department
January 27, 2025Cloud Capital Funding, a trusted leader in providing Factoring, Purchase Order Funding and Supply Chain Finance solutions to businesses, has successfully funded $1,500,000 accounts receivable factoring facility to a Woman Owned Business Enterprise (WBE) Supplier to the Defense Department based in Virginia.
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Paul Hastings Further Strengthens Investment Grade Finance Practice with Premier Capital Markets Attorney
January 27, 2025In a move that strategically enhances its Investment Grade Finance practice, Paul Hastings LLP today announced that capital markets attorney Jeffrey Ramsay has joined as a partner in the firm's New York office.
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IES Holdings Announces New $300 Million Credit Facility
January 23, 2025IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced that it has amended and restated its existing Credit and Security Agreement, increasing the commitment amount of the revolving credit facility to $300 million from $150 million and extending the maturity date to January 21, 2030 while expanding the size of the lending group.
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FlexGen Boosts Growth with $75 Million Revolving Credit Facility
January 23, 2025FlexGen Power Systems, LLC ("FlexGen"), a leading provider of energy storage solutions and software technology, announced today that it has secured a revolving credit facility (RCF) with J.P. Morgan. The $75 Million revolving credit facility is designed to support FlexGen's ambitious growth plans and reinforce its ability to deliver advanced energy storage technologies to enhance the reliability of today's electric grid and accelerate the transition toward an ever-new grid.
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Siena Lending Group Closes $30 Million Canadian Credit Facility for GSC Technologies Inc.
January 23, 2025Siena Lending Group LLC ("Siena"), is pleased to announce the closing of a $30 Million Canadian credit facility with GSC Technologies Inc (“GSC”) or the (“Company”).The new, five-year credit facility was used to finance the acquisition of GSC by Speyside Equity and will provide additional working capital for the Company’s projected growth.
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Loeb Stitches a Brighter Future for a Textile Company Client With a $3mm Term Loan
January 23, 2025A leading diversified textile company in North Carolina has successfully secured a $3 million machinery and equipment term loan from Loeb to address a critical shortfall in working capital. This strategic move enhances the company's financial stability and supports its continued growth.
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CIBC US Asset-Based Lending Gains Momentum, Closes $107 Million in new Commitments
January 23, 2025CIBC ABL closed four new transactions, totaling $107mln, in November and December 2024. The momentum and strong growth late in 2024 signals a positive outlook for the upcoming fiscal year with a depth of new deal flow still to come.
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Assembled Brands Capital Welcomes Abby Jonathan as Vice President of Originations
January 23, 2025Assembled Brands Capital is pleased to announce the appointment of Abby Jonathan as Vice President of Originations. In her new role, Abby will focus on driving the firm’s origination efforts, as well as expanding its lending portfolio and deepening its presence within the asset-based lending sector.
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Tiger Finance Posts Record Growth in Fiscal 2024
January 23, 2025Tiger Finance’s lending platform committed more than a quarter of a billion dollars in Fiscal 2024 to support the growth initiatives and working capital needs of borrowers from across the U.S. economy.
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Porter Capital’s $20 Million Financing Package Positions International Healthcare Staffing Agency for a Strong 2025
January 23, 2025Porter Capital, a leader in specialty financing solutions for businesses nationwide, proudly announces the successful completion of a financing agreement for an international healthcare staffing agency headquartered in Virginia. The financing agreement, consisting of a $15 million factoring facility and a $5 million term loan, replaces a conventional loan, injects critical liquidity, and helps the agency avoid a pressured majority sale to a private equity firm.
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Comvest Credit Partners Provides $165 Million Senior Credit Facility to Diesco Industries to Support Strategic Growth
January 23, 2025Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a $165 million senior secured credit facility (the “Financing”) for Diesco Industries (“Diesco”, or the “Company”).
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Cadence Bank to Acquire FCB Financial Corp.
January 23, 2025Cadence Bank (NYSE: CADE) announced today the signing of a definitive merger agreement with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank.
The Secured Lender
SFNet's The 81st Annual Convention Issue
