- Asset-Based Lending & Factoring Surveys
- WebBank Announces Erik Cannon named SVP – Chief Operations Officer
- Dye & Durham Announces Marketing of New Credit Facility
- Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About Upcoming Presidential Election
- Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores
TSL Express Daily Articles & News
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Today's Top Story
Featured
Norton Rose Fulbright Adds Restructuring Partner in New York
Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.
TSL Express Trending Story
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Secured Finance Executives Predicting Modest Growth in 2024
Despite economic headwinds and higher costs of borrowing, secured lenders are expecting a profitable year ahead
TSL Express Daily Headlines & News
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Haversine Provides $11 Million in Participation Funding – Highlighting One of their Lender Finance Products Offered
February 26, 2024Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
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Haversine Provides $11 Million in Participation Funding – Highlighting One of their Lender Finance Products Offered
February 26, 2024Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
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Haversine Provides $11 Million in Participation Funding – Highlighting One of their Lender Finance Products Offered
February 26, 2024Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
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Cerebro Capital Facilitates Over $100mm in Financings to Middle-Market Companies
February 26, 2024Cerebro Capital announced they had recently assisted clients in securing over $100mm in financings. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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Cerebro Capital Facilitates Over $100mm in Financings to Middle-Market Companies
February 26, 2024Cerebro Capital announced they had recently assisted clients in securing over $100mm in financings. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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Cerebro Capital Facilitates Over $100mm in Financings to Middle-Market Companies
February 26, 2024Cerebro Capital announced they had recently assisted clients in securing over $100mm in financings. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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Haversine Provides $11 Million in Participation Funding – Highlighting One of their Lender Finance Products Offered
February 26, 2024, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
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Entrepreneur Growth Capital LLC Provides $5,000,000 Line of Credit to Midwest Commercial Bakery
February 26, 2024Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $5 million asset-based facility for a commercial bakery. The facility provides availability against both accounts receivable and inventory.
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CIBC Innovation Banking Provides Growth Capital to InsightRX
February 26, 2024CIBC Innovation Banking announced today that it has provided growth financing to InsightRX, a San Francisco-based software company leveraging quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants.
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Lincoln Educational Services Announces New $40 Million Revolving Credit Facility Increasing Capital Resource Flexibility
February 26, 2024Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into a $40 million revolving credit facility with Fifth Third Bank.
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Cerebro Capital Facilitates Over $100mm in Financings to Middle-Market Companies
February 26, 2024Cerebro Capital announced they had recently assisted clients in securing over $100mm in financings. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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B. Riley Retained as Advisor in Connection with Prize Management, LLC dba Sand Ridge Materials Chapter 11
February 26, 2024B. Riley Real Estate and B. Riley Wholesale & Industrial Solutions (collectively, “B. Riley”), subsidiaries of B. Riley Financial, Inc. (Nasdaq: RILY), have been retained as advisors in connection with the Chapter 11 bankruptcy of Prize Management, LLC and Sand Ridge Development Association, Inc. dba Sand Ridge Materials (“Sand Ridge”).
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First Citizens Receives 20 Greenwich Excellence and Best Brand Awards for Middle Market Banking, Small Business Banking
February 26, 2024For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Best Brand awards.
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Bridge Bank’s Life Sciences Group Hires Phillip Ho in San Francisco
February 26, 2024Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president. In his new role, Phil will support Bridge Bank’s Life Sciences Group in its mission to help companies in the industry bring their visions to market, working specifically with clients in the San Francisco Bay Area and the Pacific Northwest.
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Cambridge Wilkinson Investment Bank Closes $145MM Leverage Facility for Private Non-Bank Real Estate Lender
February 26, 2024Cambridge Wilkinson is pleased to announce the close of a $145 Million Credit Facility for a Private Real Estate Lender who lends in select high-growth geographies in North America, with a particular expertise in ground-up construction lending.
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Lafayette Square Provides Financing for Ironclad Environmental Solutions' Acquisition of DenBeste Water Solutions Lafayette Square Holding Company
February 26, 2024Lafayette Square, a national investment platform, announced today that it provided debt financing to support the acquisition of DenBeste Water Solutions ("DenBeste") by Ironclad Environmental Solutions ("Ironclad"), a leading provider of specialty asset rental solutions for the containment and hauling of liquid and solid waste, and a portfolio company of Kinderhook Industries.
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Victory Park Capital Announces Hiring of Stephanie Mesheski as Principal, Investor Relations
February 26, 2024Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that Stephanie Mesheski has joined the firm as Principal on the Investor Relations & Marketing team. Working alongside Sora Monachino, Managing Director & Head of Investor Relations, Ms. Mesheski will primarily be responsible for business development.
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Establishment Labs Announces Amended Credit Facility with Oaktree
February 22, 2024Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has amended its $225 million term loan facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
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Vena Energy Secures USD 600 Million Sustainability-Linked Financing
February 22, 2024Vena Energy, the leading renewable energy company in the Asia-Pacific region announced the signing of a JPY87.0 billion (approximately USD 600 million) sustainability-linked Revolving Credit Facility (RCF). The RCF is provided by ten financial institutions, including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, ING Bank N.V., MUFG Bank, Ltd., Intesa Sanpaolo S.P.A., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., as well as two new lenders Oversea-Chinese Banking Corporation Limited, and Sumitomo Mitsui Trust Bank Limited. Crédit Agricole Corporate and Investment Bank acted as the Facility Agent and Issuing Bank.
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ATEX Receives US$5 Million Under Credit Facility
February 22, 2024ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that it has drawn down and received the second and final installment of US$5 million in funding under its US$15 million credit agreement dated July 11, 2023 (the "Credit Agreement") entered into between the Company and a group of existing strategic shareholders led by Firelight Investments LLC, a company controlled by Pierre Lassonde (an insider of the ATEX), Beedie Investments Ltd. and Trinity Partners Capital Corporation.
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The Secured Lender
SFNet's The Women in Secured Finance Issue