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Republic Business Credit Welcomes Brian Resutek as SVP, Southeast Regional Manager, Atlanta
Republic Business Credit is excited to announce the addition of Brian Resutek as Senior Vice President, Southeast Regional Manager. Resutek brings nearly two decades of experience in factoring, commercial finance, banking and business development. He joins a team at Republic that has grown by more than 20% in the first half of 2024 alone, adding seven key new hires in the past 90 days.
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SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.
TSL Express Daily Headlines & News
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Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
December 19, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $10 million venture loan facility to OneNetwork, Inc. dba Finexio, of which $5 million has been initially funded.
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CIBC Innovation Banking Provides Growth Capital to AI-Powered Go-to-Market Platform Landbase
December 19, 2024CIBC Innovation Banking has provided growth capital financing to Landbase, an AI-powered go-to-market automation platform. The funding will support Landbase's growth plans and product development.
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AlixPartners Announces 23 Global Promotions at Partner & Managing Director and at Partner-level in its Turnaround and Restructuring Practice
December 19, 2024AlixPartners, the global consulting firm, announced today the promotion of 6 individuals to the role of Partner & Managing Director and 17 to the role of Partner from across its global Turnaround and Restructuring Practice, effective January 1, 2025.
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Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
December 19, 2024Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced it has entered into a loan and security agreement with Oxford Finance LLC and its affiliates (Oxford) for up to $200 million.
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Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announce a Merger of Equals to create a Premier Northeast Banking Franchise
December 19, 2024Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.
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Manulife-backed Serverfarm Upsizes TD Securities-led Credit Facility to $1.637 Billion to Deliver Critical Capacity to Hyperscale Tenants
December 19, 2024Serverfarm, a global data center developer and operator, has successfully increased its North American credit facility led by TD Securities to $1.637 billion, as part of its accelerated business growth backed by significant long-term commitments from hyperscale customers.
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Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.
December 18, 2024Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it has entered into a multi-year Reserve-Based Lending (“RBL”) credit facility. The RBL facility, arranged with Citibank, N.A. (“Citi”), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions.
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BB Energy Asia Closes Secured Digital Borrowing Base Facility
December 18, 2024BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd (“BB Energy Group” or the “Group”), has successfully closed a USD 340 million secured digital borrowing base facility (“Facility”) to support the working capital needs of its Asian trading business.
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Wolters Kluwer Indicator Survey Reveals Persisting Pain Points in Banks’ Risk Management and Regulatory Compliance Efforts
December 17, 2024While virtually half of respondents continue to express high levels of concern over key risk management and regulatory compliance obligations in the U.S. banking industry, those concerns are lower than in previous years, according to results of the 2024 Regulatory & Risk Management Indicator survey conducted by Wolters Kluwer.
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Private Credit Has New Opportunities in the Gulf, Golub Says
December 17, 2024New mid-sized businesses springing up in the Gulf will offer fresh lending opportunities to private credit firms in the region, the chief executive officer of Golub Capital said.
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Sound Point Provides Financing to Support the Acquisition of BNP Associates
December 17, 2024Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien, senior secured credit facility to BNP Associates, Inc. (“BNP” or the “Company”). The financing was used to support the acquisition of the Company by Godspeed Capital (“Godspeed” or the “Sponsor”).
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Mount Logan Capital Inc. Expands Corporate Credit Facility In Support of Key Business Initiatives
December 17, 2024Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as Borrower, has entered into an amendment to its existing credit agreement (the “Fourth Amendment”) to upsize the facility by approximately $13.0 million, while amending the facility to, among other things, incorporate a pricing step-down mechanism as the business continues to perform, which is expected to reduce Mount Logan’s cost of debt.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Clarion Capital Partners' Acquisition of Arthur Murray International, Inc.
December 17, 2024Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Clarion Capital Partners' ("Clarion") acquisition of Arthur Murray International, Inc. ("Arthur Murray" or the "Company"), an international franchisor of dance studios.
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Q4 2024 RSM US Middle Market Business Index
December 17, 2024The data, which has been seasonally adjusted, is based on responses from 404 senior executives at middle market firms in a survey conducted by The Harris Poll from Oct. 1 to Oct. 22, 2024, before the presidential election on Nov. 5.
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Monroe Capital Supports Alpine Investors’ Investment in Guardian Restoration Partners
December 17, 2024Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the recapitalization of Guardian Restoration Partners (“Guardian”), an existing portfolio company of Alpine Investors.
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MA Asset Management Announces the Launch of Interval Fund MA Specialty Credit Income Fund (SCISX)
December 17, 2024MA Financial Group Limited ("MA") (ASX: MAF) an ASX-listed global alternative asset manager with over US $6.8 billion AUM, today announced the launch of the MA Specialty Credit Income Fund (SCISX) ("the Fund") a continuously offered, closed-end interval fund registered under the Investment Company Act of 1940.
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Rosenthal Hires Dan Chang as Senior Business Development Officer Focused on West Coast
December 17, 2024Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced that Dan Chang has joined Rosenthal as Senior Business Development Officer.
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BHI Provides BrightNight With $25 Million In Financing, Increasing the Renewable Power Company’s Global Development Facility to $400 Million
December 17, 2024BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced that BHI and Bank Hapoalim are partnering on a loan which will provide $25 Million in financing to BrightNight, a renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions.
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Sallyport Commercial Finance Provides $750,000 for a Growing Client in the Disposal Service Industry
December 17, 2024Sallyport Commercial Finance is proud to announce a $750,000 full notification factoring facility for a growing client in the disposal services industry. The client offers a comprehensive range of waste management and recycling solutions in the multi-residential space.
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Speritas Capital Partners Arranges an $18 Million Closed ABL Deal
December 17, 2024Speritas Capital Partners today announced the closing of an $18 million asset-based revolving line of credit for a manufacturer of proprietary storage products. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to support substantial growth
The Secured Lender
SFNet's The 81st Annual Convention Issue
