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- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
TSL Express Daily Articles & News
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Michael Ollio Joins Mitsubishi HC Capital America as Director of Capital Markets
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Michael Ollio has joined the company as Director of Capital Markets.
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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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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.
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nFusion Provides $5 Million ABL Funding for Integration and Automation Company
January 22, 2025nFusion Capital announced a $5 million asset-based lending facility. Headquartered in Texas, this integration and automation company revolutionized the commercial infotainment AV experience by making advanced control systems accessible and easy to use for both integrators and end users, with a focus on streamlined programming, ease of installation, and significant energy savings.
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Mountain Ridge Capital Provides $25 Million Credit Facility to S&W Seed
January 22, 2025Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $25 million senior secured credit facility to S&W Seed Company - a global multi-crop, middle-market agricultural company.
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First Citizens Bank to Refinance New Jersey Senior Living Facility
January 22, 2025First Citizens Bank today announced that its Healthcare Finance business has refinanced The Bristal at Wayne, a 158-bed senior housing facility in Wayne, N.J.
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MONTICELLOAM, LLC Finances $39M for New Jersey Skilled Nursing Facilities
January 22, 2025MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, announced the closing of $39,000,000 in total bridge and working capital financing for two New Jersey skilled nursing facilities.
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Moritt Hock & Hamroff Welcomes Condominium & Cooperative Services Partner Linda S. Plotnicki
January 22, 2025Moritt Hock & Hamroff announced today that Linda S. Plotnicki has joined the firm as a Partner, lending her skills and expertise to its growing Condominium & Cooperative Services and Real Estate Practice Groups, working out of the firm’s New York City office.
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Partnering with Bridge, LSQ Creates $2MM Invoice Finance Facility for Georgia-based Firm
January 22, 2025LSQ, a leading provider of working capital and payments management solutions, recently originated a $2 million accounts receivable credit facility for a Georgia-based, staffing firm serving lodging and hospitality industry.
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Essex Capital Secures $22 Million Debt Facility for Gaming Industry Company
January 22, 2025Essex Capital Group, Inc. (“Essex”) is pleased to announce the successful closing of a $22,000,000 debt facility for a gaming company (the “Company”). The financing package includes an Initial Term Loan to refinance existing debt and a Delayed Draw Term Loan to support the Company’s ongoing growth initiatives, including an active acquisition strategy.
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Alpaca Real Estate Closes $50 Million Credit Facility with Stifel Bank
January 22, 2025Alpaca Real Estate (“ARE”), an alternative investment management firm, announced today the closing of a $50 million credit facility with Stifel Bank. This financing marks another key milestone in the firm’s growth, reflecting both the significant progress made in advancing its opportunistic investment strategy and the growing confidence that leading institutions have in its ability to deliver strong results.
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Monroe Capital Supports Gryphon Investors’ Investment in phData, Inc.
January 22, 2025Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the investment in phData, Inc. (“phData”) by Gryphon Investors.
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Haynes Boone Award-Winning Corporate Practice Adds M&A Partner Zachary Jacobs in New York City
January 22, 2025Haynes Boone is delighted to welcome Mergers and Acquisitions Partner Zachary Jacobs to the firm’s New York office. Jacobs is the latest addition to the firm’s nationally awarded Business Transactions Department, which earned the honor of Best Corporate Practice (Specialty – Midmarket) at The American Lawyer’s 2024 Industry Awards late last year.
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Thoma Bravo Completes Fundraising for Credit Fund III, Amassing $3.6 Billion in Total Available Capital for its Platform
January 22, 2025Thoma Bravo, a leading software investment firm, today announced the completion of fundraising in connection with its Thoma Bravo Credit Fund III at $3.6 billion in total available capital, including anticipated leverage. This represents the firm's largest credit pool of capital to date and underscores the continued leadership and success of the Thoma Bravo Credit platform
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Citizens Deepens Investment in Florida with Addition of $700 Million Advisory Team
January 22, 2025Citizens Financial Group, Inc. (NYSE: CFG) today announced that it has further expanded its wealth management reach and capabilities in southern Florida, setting the stage for further growth in that key market.
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TD Bank Group Accelerates CEO Transition; Announces Board and Committee Renewal
January 22, 2025Raymond Chun to become Group President and CEO on February 1, 2025; Board adopts new term limits; five directors to retire at 2025 Annual Meeting of Shareholders; Four new directors to stand for election at 2025 Annual Meeting of Shareholders; New chairs appointed for four of five Board committees
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Portage Point Partners Strengthens Consumer, Food & Retail Expertise with Addition of Peter Mangan
January 22, 2025Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, welcomes Peter Mangan to the Investment Banking team where he is a Managing Director based in the New York office. Peter has more than 15 years of investment banking experience in the consumer, food and retail (Consumer) sectors specializing in food, beverage, retail, e-commerce and consumer products.
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Trinity Capital Inc. Provides $30 Million in Growth Capital to Silk Technologies Inc.
January 22, 2025Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $30 million in growth capital to Silk Technologies ("Silk"), a leader in software-defined cloud storage.
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Encina Private Credit Provides First Out Tranche, Serves as Administrative and Collateral Agent for Branding Iron Holdings
January 22, 2025Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as the Administrative and Collateral agent on a senior secured credit facility supporting Kingswood Capital Management’s acquisition of Branding Iron Holdings (“Branding Iron”).
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Ciena Corp Secures New $1.16 Billion Term Loan
January 21, 2025Ciena Corporation (NYSE:CIEN), a networking systems and software services provider with a market capitalization of $12.58 billion, has refinanced its existing senior secured term loan with a new $1.16 billion loan, according to a recent SEC filing. The new loan, secured on Thursday, January 17, 2025, will mature on October 24, 2030, aligning with the maturity of the previous loan.
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