- First Business Bank's Asset-Bank Lending Team Funds $5 Million Credit Facility For Growing Healthcare Services Company
- J D Factors Provides $9.9 Million in New Factoring Facilities to 34 New Clients in January
- Marathon Asset Management Announces $615 Million Aircraft Securitization
- J D Factors Provides $9.9 Million in New Factoring Facilities to 34 New Clients in January
- Prestige Capital Appoints David B. Culotta as Chief Operating Officer
TSL Express Daily Articles & News
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Flagstar Bank Expands Commercial and Private Banking Leadership Team with Key Executive Appointments
Flagstar Bank, N.A., the bank subsidiary (the "Bank") of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), announced today the expansion of its Commercial and Private Banking leadership team with the appointment of four accomplished senior executives.
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FTC Ban on Noncompete Agreements: What Do Employers Need to Know?
On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to finalize and issue a rule banning virtually all noncompete clauses in employment contracts with extremely limited exceptions. The rule is set to go into effect 120 days after its publication in the Federal Register, which is pending. However, as explained below, it is uncertain whether this rule will go into effect due to the ongoing legal challenges surrounding the rule.
TSL Express Daily Headlines & News
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First Citizens Bank Provides Financing to Leavitt Equity Partners to Acquire Pediatrics Plus
March 12, 2025First Citizens Bank today announced that its Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.
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MidCap Financial Closes $75 Million Senior Secured Credit Facility to Dixie Group
March 12, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $75.0mm senior secured credit facility to Dixie Group, Inc. (“Dixie Group” or the “Company”).
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Loeb Funds a $750,000 Term Loan for a Construction Woodworking Company
March 12, 2025A determined woodworking construction client has successfully secured a crucial loan with the help of Loeb and their industry partners. This strategic move enabled the client to buy out their partner and transition away from their current bank, positioning their business for future growth and stability.
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Hilco Corporate Finance Serves as Investment Banking Advisor to McNally Capital for a Financing Transaction
March 12, 2025Hilco Corporate Finance (“HCF”) is pleased to announce the closing of a financing for McNally Capital (“McNally”) in connection with the acquisition of Jewett Automation (“Jewett”). HCF acted as exclusive financial advisor to McNally. Financing for the transaction was provided by Siguler Guff.
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Knife River Corporation Enters into $1.265 Billion Senior Secured Credit Facilities
March 12, 2025Simpson Thacher recently represented JPMorgan Chase Bank, N.A. and other arrangers in connection with Knife River Corporation's ("Knife River") $1.265 billion senior secured credit facilities. The senior credit facilities consist of a $265 million term loan A facility, a $500 million revolving credit facility and a $500 million term loan B facility.
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Lincoln Educational Services Expands Credit Facility to Support Growth Initiatives
March 12, 2025Lincoln Educational Services Corporation (Nasdaq: LINC) today announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million.
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B. Riley Financial Announces Carve Out Transaction with B. Riley Securities
March 12, 2025B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley," the "Company" or "BRF"), a diversified financial services company, today announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc. (OTC: CDIV) ("Cascadia"), a shell entity, as a result of which certain investors in Cascadia became minority stockholders of BRF's investment banking subsidiary, B. Riley Securities ("BRS").
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Andalusian Credit Partners Strengthens Senior Team
March 12, 2025Andalusian Credit Partners (“Andalusian” or “ACP”), a leading middle market direct lending platform focused on diversified senior secured leveraged lending to non-sponsored and sponsor-backed companies, today announced that it has strengthened its team with senior talent as ACP continues to strategically scale its business.
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nFusion Capital Provides $8 Million ABL Line for Established Arizona Contractor
March 11, 2025nFusion Capital announced it provided an $8 million ABL facility for an established Arizona contractor that provides commercial and residential glass as well as commercial wood and metal doors. Clients include large hotels, hospitals, office buildings and retail locations as well as residential clients requiring specialty applications in custom glass, mirrors and shower surrounds.
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Brad Schwartz Joins First Bank as Executive Vice President, Chief Financial Officer
March 11, 2025First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce Brad E. Schwartz will join First National Corporation and First Bank as Executive Vice President and Chief Financial Officer (“CFO”) effective March 31, 2025.
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Great Rock Capital Agents $45 Million Revolver to Support a Sponsor-Owned Textile Company
March 11, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $45 million senior secured revolving credit facility.
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SLR Business Credit Provides $15 Million Credit Facility to Transportation and Logistics Company
March 11, 2025SLR Business Credit announces the funding of a $15 million asset-based revolving line of credit to a transportation and logistics company. The credit facility was used to pay down the previous lender and to provide working capital to support the company's continuous growth and expansion.
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Mountain Ridge Capital Provides $45 Million Credit Facility to Growing Plastic Moldings Manufacturer
March 11, 2025Mountain Ridge Capital (“MRC”) and Accord Financial, Inc. provided a senior secured credit facility totaling $45 million to a plastic moldings manufacturer. As an existing borrower, the Company has seen significant growth over the past year, prompting MRC to increase the facility size to better support its continued expansion.
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Business Law Attorney Michael Fehser Rejoins Quarles as Partner in Phoenix Office
March 11, 2025The national law firm of Quarles & Brady today announced that Michael Fehser has rejoined the firm’s Phoenix Office as a partner in the Business Law Practice Group. Fehser handles complex transactions and operational matters for corporate clients, including private equity funds and their portfolio companies, and other privately held businesses, focusing on mergers and acquisitions (M&A), growth equity investments, debt financings and general corporate matters. Fehser also serves as outside general counsel to early-stage startups and a vari
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Strategic Venue Partners Announces Inaugural Issuance of Investment Grade Notes and Refinancing of Revolving Credit Facility to Support Further Growth
March 11, 2025Strategic Venue Partners ("SVP" or the "Company"), a leading provider of in-building wireless infrastructure in the U.S., announced today the completion of its inaugural 4(a)2 private placement to raise $120 million of debt (the "Notes") from a syndicate of institutional investors.
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Monroe Capital Supports Growth of a360inc and ProVest, LLC
March 11, 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 growth of a360inc (“a360”) and ProVest, LLC (“ProVest”, together, the “Company”) by funds sponsored by Morgan Stanley Investment Management, Knox Capital, and Nonantum Capital Partners.
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Silver Point Leads Financing of Acquisition of Brightcove Inc. by Bending Spoons
March 11, 2025Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.
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Mitel Takes Action to Optimize Capital Structure, Positioning the Business for Efficient Growth and Long-term Sustainability
March 11, 2025Mitel Networks Corporation, (“Mitel” or “the Company”), a global leader in business communications, today announced it has entered into an agreement with an ad hoc group of its senior lenders (the “Ad Hoc Group”), certain junior lenders, and other key stakeholders to recapitalize its debt in a manner that best positions the Company to optimize its global operations and drive profitable and predictable growth.
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Blackstone Announces SEC Effectiveness for Private Multi-Asset Credit and Income Fund (BMACX)
March 11, 2025Blackstone (NYSE: BX) announced today that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission.
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Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
March 10, 2025Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan.
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