TSL Express Daily Articles & News
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Mitsubishi HC Capital America Boosts Commercial Finance Credit Team with Two New Executive Hires
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the expansion of its Commercial Finance Credit team with the addition of two seasoned credit professionals. Cary Downer joins as Vice President - Credit, bringing 27 years of industry experience, and Todd Thompson joins as Vice President - Credit Officer, with over 20 years of experience.
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An Interview with Bobby Bans, Managing Director of Western Region Originations at Wells Fargo Capital Finance (WFCF)
In this installment of our series of executive interviews, Charlie Perer sits with Bobby Bans to hear his views about his new role at Wells Fargo Capital Finance, the future of ABL, executive development and competition, among other things.
TSL Express Daily Headlines & News
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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.
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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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