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Getzler Henrich Names Michael Osment Managing Director in Detroit Office
Michael Osment has joined Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the Detroit office.
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The recruiting and retention landscape in commercial finance is increasingly becoming a “War for Talent,” according to speakers who explored that topic and much more at SFNet’s 79th Annual Convention in Orlando, FL. Finding and keeping a quality workforce is of utmost importance these days as companies navigate the post-pandemic economy.
Also on the agenda was “AI and the Future of Secured Finance,” which featured a panel of experts who discussed industry trends in artificial intelligence including its anticipated impact on employment.
TSL Express Daily Headlines & News
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Fund Finance Attorney Misha Daha Joins Vedder Price’s New York Office as Shareholder
December 4, 2024Vedder Price is pleased to announce the addition of fund finance attorney Misha Daha to the firm’s New York office as a new Shareholder in the firm’s expanding East Coast finance practice.
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Monroe Capital Supports Shamrock Capital’s Acquisition of DE-YAN
December 4, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of DE-YAN by Shamrock Capital.
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EverBank Announces Newest West Coast Financial Center in Roseville, Calif.
December 4, 2024EverBank, N.A., a national specialty bank serving clients across the United States, today announces the opening of its Roseville financial center to provide consumer and commercial banking solutions to a growing base of clients in the Greater Sacramento area.
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Pemberton and Santander CIB Agree Strategic Partnership to Launch Invensa, a Global Inventory Management and Solutions Platform
December 4, 2024Pemberton Asset Management (“Pemberton”), a leading European private credit manager, and Santander Corporate & Investment Banking (“Santander CIB”), Santander’s global division that supports corporate and institutional clients, today announce a strategic partnership to launch Invensa, a new company focused on providing large and mid-sized corporates with supply chain inventory solutions.
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Gateway Fiber Upsizes Credit Facility to $250 Million, Funding Continued Growth in Nationwide Fiber Deployment
December 4, 2024Gateway Fiber, a leading fiber internet provider, is pleased to announce the closing of an incremental $75 million in debt financing. Proceeds from the capital raise will fund continued expansion of Gateway’s fiber network through 2025 in three key markets – Missouri, Minnesota, and Massachusetts.
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OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of FloWorks
December 4, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for the private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”). FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications.
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BlackRock Targets Private Credit Growth With $12 Billion HPS Acquisition
December 4, 2024BlackRock (BLK.) will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a red-hot market.
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Study Reveals Global Deal Making Heading for Recovery After Tough Year as Rates are Cut
December 4, 2024Deal-making and financing globally are set for recovery in the year ahead after a tough past 12 months as interest rates ease worldwide, new global research* from Ocorian, the specialist global provider of services to financial institutions, asset managers, corporates and high net worth individuals shows.
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T-Max Lending LLC Provides $14 Million Loan to Upgrade 203-Unit Apartment Tower in Burlington County, NJ
December 4, 2024T-Max Lending LLC, a leading private loan firm specializing in tailored real estate financing solutions, has announced the successful funding of a $14 million loan to support the renovation and modernization of a 203-unit apartment tower in Burlington County.
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Hercules Capital Renews and Increases Its Multi-Currency SMBC Credit Facility to $300.0 Million
December 2, 2024Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has renewed and upsized its existing $225.0 million credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) with an upsized credit facility under which Synovus Bank, Customers Bank and Apple Bank, together with SMBC.
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Golden Ridge Announces Credit Facility with MM Group Ltda.
December 2, 2024GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") announces that in connection with its previously announced acquisition (the “Proposed Transaction”) of 80% of the issued and outstanding membership interests in MM Group Ltda. (“MMG”) it has entered into a credit facility agreement dated November 29, 2024, pursuant to which the Company has agreed to advance to MMG up to an aggregate of $950,000 (the “Loan”).
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Republic Business Credit Provides Factoring Facility to New York Apparel Importer
December 2, 2024A New York-based apparel company has partnered with Republic Business Credit to secure a non-recourse factoring solution, allowing the company to extend payment terms to its customers without assuming additional financial risk. This partnership will enable the company to meet recent, growing demand for its products and solidify customer relationships to support long-term growth potential.
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Winston & Strawn LLP Advises Kans Capital Investments LLC
December 2, 2024Winston & Strawn LLP advised Kans Capital Investments LLC (Kans), a Mexican private equity fund, in a joint venture arrangement with Castillo Funding, LLC (Castillo), whereby the parties have entered into an agreement to acquire U.S.-based Courtyard and Residence Inn hotels from Annemid PWDP, LLC.
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Hogan Lovells Adds corporate tax partner in Washington D.C. Continuing Expansion of Corporate & Finance Practice Group
December 2, 2024Global law firm Hogan Lovells announced today that Jay Singer has joined as a tax partner in the firm’s Corporate & Finance practice group in the Washington, D.C. office. Singer, who joins from A&O Shearman advises clients on the tax aspects related to spin-offs, complex M&A, and cross-border transactions.
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Crown Partners Arranges Senior Financing for Wyandot Snacks
December 2, 2024Crown Partners announces it has successfully arranged senior financing for Wyandot Snacks ("Wyandot"), a portfolio company of Astara Capital Partners. The firm served as exclusive financial advisor to Wyandot in connection with this transaction, which provides increased capital to support its continued growth.
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Flatbay Capital Hires Jesus Becerra
December 2, 2024Flatbay Capital is proud to announce the addition of Jesus Becerra, Business Development Officer in Austin, Texas. Jesus has extensive experience in banking, finance and business development.
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Celtic Capital Corporation Provides Funding for Pacific Northwest-based Company Supplying Advanced Structural Composite Assemblies
December 2, 2024Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest-based company supplying advanced structural composite assemblies and components for commercial and military aerospace markets.
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KeyBank Names Jonathan Munro Senior Director of Business Banking
December 2, 2024KeyBank announced that Jonathan Munro has been named senior director of business banking for KeyBank. In this role, Munro is responsible for building KeyBank’s future operating strategy for the business banking segment of the Consumer Bank, which includes building and strengthening client relationships and growing capabilities in cash management, payments, and other business banking products and services.
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Lion Electric Announces Additional Amendments to Certain Senior Credit Instruments and Additional Workforce Reductions
December 2, 2024The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into additional amendments to (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec
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LSQ Creates $30MM AR Finance Facility for NY-based Staffing Firm
December 2, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $30 million accounts receivable credit facility for a New York-based staffing company.
The Secured Lender
SFNet's The 81st Annual Convention Issue
