- J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
- Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy
- Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
- First Bank Announces Promotions Following Strong 2023
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Marc Heller, Former Vice Chairman and Former President of CIT Commercial Services, Joins MMG Advisors
MMG Advisors, a leading middle market investment bank, is pleased to announce that Marc Heller, former Vice Chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and former President of CIT Commercial Services, is joining the company as a Senior Advisor.
TSL Express Trending Story
Featured
Wolters Kluwer’s Regulatory & Risk Management Indicator Survey – Key Takeaways
TSL Express’ senior editor sat down with Tim Burniston, senior advisor, Regulatory Strategy, for Wolters Kluwer Compliance Solutions to discuss the results of Wolters Kluwer’s Regulatory & Risk Management Indicator survey. Burniston advises Wolters Kluwer’s Financial & Corporate Compliance divisional leadership team and clients on emerging issues, legislative and regulatory developments, and regulatory strategy.
TSL Express Daily Headlines & News
-
Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032
March 20, 2024Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032 (the “Notes”).
-
Briar Capital Expands Again and Hires Jonathan “JD” Davis
March 20, 2024Briar Capital Real Estate Fund LLC (www.BriarCapital.com) is pleased to announce the continued expansion of its business development team with the hiring of Jonathan “JD” Davis. Working out of Briar’s Houston corporate office, Davis will be responsible for sourcing new business in Texas and the Southwest United States as Vice President of Business Development.
-
Gambling.com Group Secures New $50 Million Credit Facility
March 20, 2024Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of player acquisition services for the regulated global online gambling industry, today announced the closing of a new credit facility (the “Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) in the principal amount of $50 million, comprised of a $25 million revolving credit facility and a $25 million term loan facility.
-
Finacity Facilitates a USD 30 Million Receivables-Based Loan Program for Novaria Holdings LLC with Synovus Bank
March 20, 2024Finacity Corporation (“Finacity”), a White Oak Company, and Synovus Bank (“Synovus”) today announced that they have successfully arranged and closed a USD 30 million receivables-based loan program for Novaria Holdings LLC (“Novaria”), a leading manufacturer of specialty aerospace hardware.
-
TAB Bank Promotes Terri Lins to Chief Credit Officer
March 20, 2024TAB Bank announced today the promotion of Terri Lins as Chief Credit Officer, effective immediately. Lins has been an integral part of the TAB Bank team for more than a decade, most recently serving as Senior Vice President and Senior Credit Officer.
-
Monroe Capital Hires Waleed Noor as Head of Middle East and Plans to Open Abu Dhabi Office
March 20, 2024Monroe Capital LLC (“Monroe”) today announced it has expanded its platform to the Middle East with the appointment of Waleed Noor as Managing Director and Head of Middle East Distribution. Monroe is in the process of opening an office in Abu Dhabi. Mr. Noor will be based in Abu Dhabi and be responsible for representing Monroe throughout the region.
-
Haynes Boone Advises BiomX in Completed Merger with Adaptive Phage Therapeutics and $50 Million Financing
March 20, 2024A deal team from Haynes and Boone, LLP advised BiomX Inc. (NYSE: PHGE) in its merger with Adaptive Phage Therapeutics, Inc. (APT) and the concurrent $50 million private placement financing. The merger created an impactful phage therapy company with a robust pipeline, featuring two Phase 2 assets targeting chronic pulmonary infections in cystic fibrosis patients and diabetic foot osteomyelitis.
-
Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt
March 19, 2024Allison Transmission Holdings Inc. (NYSE: ALSN) (“Allison” or the “Company”) announced today that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”).
-
Kyte Secures $250M in Asset-Backed Debt with Barclays and Waterfall to Scale Fleet
March 19, 2024Kyte (https://kyte.com), the company pioneering cars delivered to you on-demand, today announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank ("Barclays") and Waterfall Asset Management ("Waterfall") to accelerate the company's fleet growth and profitability.
-
Holland & Knight Advises DifGen Pharmaceuticals on Acquisition of Manufacturing Facility in South Florida
March 19, 2024Holland & Knight advised DifGen Pharmaceuticals LLC on its all-cash purchase, through its subsidiary Aveva Drug Delivery Systems Inc., of the operating and manufacturing assets of a U.S. Food and Drug Administration (FDA)-registered manufacturing facility owned by New Vision Pharmaceuticals and located in Tamarac, Florida.
-
Huntington Business Credit Closes New $45 Million Facility with SDB Trade International, LLC
March 19, 2024Huntington Business Credit announced it closed a $45,000,000 new credit facility with SDB Trade International, LLC on February 16, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
-
Brian Rush Joins UpField Financial as newest Partner, Focused on Financial Diligence Services
March 19, 2024UpField Financial, LLC ("UpField"), a financial diligence and consulting firm, announced that Brian Rush, CPA, has joined the firm as a Partner— focused on lender due-diligence and specializing in providing collateral exams, desktop reviews, portfolio reviews and quality of earnings reports for commercial banks and non-bank lenders in their Commercial, Corporate, and Asset-based Groups.
-
B. Riley Serves as Lead Left Bookrunner in Connection with Landsea Homes Corporation's $32.5 Million Secondary Offering
March 19, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as the Lead Left Bookrunner in connection with Landsea Homes Corporation's (Nasdaq: LSEA) (“Landsea” or the "Company”) recent $32.5 million secondary offering. B. Riley led the sale of 2,800,000 shares of the Company’s common stock at a public offering price of $11.60 by Landsea Holdings Corporation (“Selling Stockholder”).
-
Faegre Drinker Bolsters Finance & Restructuring Team With Partner Deanna Reitman in Dallas
March 19, 2024Reitman provides clients with legal, regulatory and business advice on commodities. She has more than 25 years’ experience in commodity markets and more than 18 years of senior management experience, with a particular focus on energy, metals, agriculture, carbon and other sustainable commodities.
-
Drilling Tools International Corp. Amends and Extends ABL Credit Facility and Enters into New Term Loan
March 19, 2024Drilling Tools International Corp. (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, today announced that it has completed an amendment (the "ABL Amendment") to its existing Amended and Restated Senior Secured Asset-Based Revolving Credit, Security And Guaranty Agreement, with PNC Business Credit, a division of PNC Bank, National Association (the "ABL Credit Facility").
-
KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership
March 19, 2024Today, KeyCorp (NYSE: KEY, "Key") announced a forward flow origination partnership with Blackstone Credit & Insurance ("Blackstone") focused on Key's Specialty Finance Lending (SFL) group. SFL is a leading asset-based lender serving clients nationally across middle market, growth capital, transportation, equipment, and other verticals.
-
Comvest Partners Announces Close of Sixth Flagship Private Equity Fund at $881 Million
March 19, 2024Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.
-
Wintrust Receivables Finance Announces Closing of $15M Line of Credit for Third-Party Logistics Firm
March 19, 2024Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $15,000,000 account receivable line of credit for a well-established Midwest-based third-party logistics firm.
-
Accord Announces Amendments to its Banking Facility
March 18, 2024ccord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today announced that it has entered into amendments to its primary credit facility with its banking syndicate. As disclosed in its third quarter report, in November 2023, the Company uncovered significant irregularities in collateral reporting by a borrower related to a $14.4 million loan, which led the Company to record a specific provision for credit losses relating to this loan.
-
bluebird bio Secures up to $175 Million Debt Financing with Hercules Capital
March 18, 2024bluebird bio, Inc. (NASDAQ: BLUE) (“bluebird bio” or the “Company”) today announced that it has entered into a $175 million five-year, term loan facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”). The transaction strengthens the Company’s balance sheet as it executes on the commercial launches for its three FDA approved gene therapies – LYFGENIA for sickle cell disease, ZYNTEGLO for beta-thalassemia and SKYSONA for cerebral adrenoleukodystrophy.
In This Section
The Secured Lender
SFNet's The Women in Secured Finance Issue