TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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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.
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Steven Samson, president, has been with MidCap for more than 10 years and is responsible for the oversight of all functions of the business. Steve has more than 30 years experience in commercial banking and asset-based lending including senior roles at People’s United Bank, GE Capital, and RBS Citizens Business Capital.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies.
TSL Express Daily Headlines & News
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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J D Factors Provides $18,300,000 in new Factoring Facilities to 45 new Clients in November
December 9, 2024J D Factors provided $18,300,000 in new factoring facilities to 45 new clients in the US and Canada during the month of November.
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 9, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 9, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 9, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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LSQ Creates $12MM Invoice Finance Facility for Minnesota-based Apparel Company
December 9, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $12 million accounts receivable credit facility for a Minnesota-based apparel company.
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Wolters Kluwer appoints Mark Sherwood as Executive Vice President & Chief Information Officer
December 9, 2024Wolters Kluwer, a global leader in professional information, software solutions, and services, has appointed Mark Sherwood as Executive Vice President & Chief Information Officer (CIO). Mr. Sherwood will oversee the overall enterprise technology infrastructure of Wolters Kluwer with a focus on advancing the digital DNA, delivering next generation enterprise IT capabilities, transforming operations with AI and enhancing the workplace and customer experience.
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ATC Managers Closes $13 Million Loan for New Luxury Hotel Construction
December 9, 2024ATC Managers, LLC has announced the successful closing of a $13 million loan to fund the ground-up construction of a new 100-room luxury hotel in the heart of Dallas. This financing initiative demonstrates ATC Managers' commitment to fostering growth in the hospitality sector and supporting innovative projects that boost the local economy.
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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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