- eCapital Provides $10MM in Recent Healthcare Receivables Fundings
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- Westwood Financial Raises Additional $145 Million in Capital, Accelerating Long-Term Growth Strategy
- Assembled Brands Provides Accordion-Style Senior Facility to Fuel Stately’s Subscription Growth
- Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Asset-based lenders performed well overall in Q4, SFNet reports
Survey shows bank asset-based loan commitments down slightly, but rose for non-banks
The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios in 2024.
TSL Express Trending Story
Featured
Dealing with the Volatility of Commodities
Commodity producers face volatile market swings due to factors such as macroeconomics and supply chain stability, creating risks for secured lenders. Understanding each commodity’s nuances, risk-management strategies, and regulatory considerations is crucial. To navigate these challenges, secured lenders must maintain strong industry knowledge, adapt lending structures, collaborate with third parties, and balance risk and return for their clients.
TSL Express Daily Headlines & News
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Winston & Strawn LLP Represents SPAC Advisory Partners LLC
December 9, 2024Winston & Strawn LLP represented SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, as underwriter, in connection with the closing of Shepherd Ave Capital Acquisition Corporation’s (NASDAQ: SPHAU) initial public offering.
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SSG Advises BIOLASE, Inc. in the Sale of Substantially All Assets to MegaGen Implant Co., Ltd.
December 9, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to BIOLASE, Inc. (“BIOLASE” or the “Company”) in the sale of substantially all assets to MegaGen Implant Co., Ltd. (“MegaGen”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. The transaction closed in November 2024.
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Midwest Business Capital Announces Financing Provided by Texas Capital
December 9, 2024Midwest Business Capital recently closed a $30MM revolving line of credit led by Texas Capital. With the new credit facility, Midwest is well-positioned to execute on market opportunities and organic growth of its asset-based lending portfolio.
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Trinity Capital Inc. Provides $20 Million in Growth Capital to Steno
December 9, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Steno, a tech-enabled provider of legal support and court reporting services.
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Aerospike Secures $30 Million For AI Database Growth
December 9, 2024CIBC Innovation Banking has provided a $30 million growth financing for Aerospike, a real-time database engineered for speed, scale, and cost efficiency, powering mission-critical applications across diverse use cases, including Artificial Intelligence (AI) and Machine Learning (ML). This funding will further expand the company’s go-to-market strategy and product innovation.
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LeddarTech Enters Into Amendments to Credit Facility and Bridge Financing Offer
December 9, 2024LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that LeddarTech and Texas Instruments (“TI”) have entered into a strategic collaboration agreement and a software license agreement to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets.
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Frontdoor, Inc. Launches $1.47 Billion Credit Facility to Fund Acquisition of 2-10 Home Buyers Warranty and Refinance Debt
December 9, 2024Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced it has launched the syndication of a new $1.47 billion credit facility to fund the acquisition of 2-10 Home Buyers Warranty and to refinance the company’s existing credit facilities.
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The Riverside Company Receives $85 Million Senior Credit Facility From Comvest Credit Partners
December 9, 2024Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, announced that it is acting as an administrative agent and sole lender on an $85 million senior secured credit facility to support The Riverside Company’s acquisition of Seatex.
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M&T Bank Names Shannon Lazare as New Jersey Regional President
December 9, 2024M&T Bank (NYSE:MTB) ("M&T") today announced the appointment of Shannon Lazare as its New Jersey Regional President. Shannon will lead the bank's local growth and community engagement initiatives throughout New Jersey. She succeeds Tom Comiskey who, after serving as M&T's New Jersey Regional President for nine years, was elevated last year to Area Executive in its Commercial Bank.
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15 Haynes Boone Lawyers Promoted in 2025 New Partner Class
December 5, 2024Haynes Boone is pleased to announce the promotion of 15 lawyers to the firm’s partnership ranks, effective Jan. 1, 2025.
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Obra Capital Closes First CLO Offering for $403.75M
December 5, 2024Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced the final close of its inaugural Collateralized Loan Obligation offering (“CLO”), (“Obra CLO 1”).
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SFNet New Member Spotlight: Stonebriar Commercial Finance
December 5, 2024Stonebriar, an Eldridge Industries business, originates and services a portfolio of lease and loan products secured by essential income-producing assets across the credit spectrum. Based in Plano, TX, Stonebriar’s portfolio serves as a catalyst for the U.S. economy by providing capital needed in key sectors including manufacturing, marine, aviation, rail, energy and real estate.
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GoDaddy Inc. Announces Refinancing of Tranche B-6 Loans
December 5, 2024GoDaddy Inc. (NYSE: GDDY) announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,463 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-6 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017.
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Studio City Secures $250 Million Credit Facility
December 5, 2024Studio City International Holdings has secured a HK$1.945 billion revolving credit facility from a syndicate of banks, with the option to increase it by US$100 million, aimed at refinancing debt and boosting working capital.
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Sagicor Financial Closes C$200 Million Term Loan Credit Facility Refinancing
December 5, 2024Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor Financial") today announced it has completed the closing of a new C$200 million term loan credit facility with a syndicate of major Canadian and U.S. banks. Net proceeds of this transaction were primarily used to repay the outstanding principal amount of the existing term loan used to acquire ivari in the amount of approximately US$113 million.
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Haversine Provides $23.5 Million in Participation and Lender Finance Funding Solutions
December 5, 2024Haversine Funding, a leading provider of specialized financial solutions for the factoring and asset-based lending (ABL) industries, is proud to announce another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.
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Velocity Clearing Selects Matrix Applications and its TradeBlazer Collateral Management System
December 5, 2024Matrix Applications, LLC ("Matrix"), a New York based financial technology and operational service bureau for the capital markets, is proud to announce a new customer agreement with Velocity Clearing, LLC ("Velocity”).
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November Individual Chapter 7 Filings Increase 14 Percent Over 2023
December 5, 2024Total individual chapter 7 filings in November 2024 were 22,886, a 14 percent increase over the 20,149 filings recorded in November 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
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TD Bank Appoints Ralph Bumbaca Regional President of Metro New York
December 5, 2024TD Bank, America's Most Convenient Bank®, has named Ralph Bumbaca as Regional President of Metro New York, including New York City, Long Island, Hudson Valley, Upstate New York, Northern New Jersey and Fairfield County, CT. He is based in Manhattan.
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NXT Capital Closes Senior Credit Facility in Support of The Capstreet Group's Add-On Acquisition and Refinancing of The Colt Group
December 5, 2024NXT Capital announced today that it closed a senior credit facility in support of The Capstreet Group’s add-on acquisition and refinancing of The Colt Group. NXT Capital acted as Joint Lead Arranger on this transaction.
The Secured Lender
SFNet's The 81st Annual Convention Issue

