- Bank Economists: Credit Outlook Improves Amid Continued Softening
- Alantes Corporate Finance Partners with Whiteley Infrastructure Group (WIG) to Arrange a $15 Million Secured, Non-Notification Accounts Receivable Revolving Line of Credit
- Trinity Capital Inc. Provides Equipment Financing to Sortera Technologies to Scale AI-Powered Upcycling Innovation
- Samba TV Secures Up to $60 Million Growth Capital Facility from Horizon Technology Finance
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
TSL Express Daily Articles & News
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Moritt Hock & Hamroff Appoints Its First Chairman and Names Its Next Managing Partner
Marc Hamroff, who had been Managing Partner of Moritt Hock & Hamroff LLP for over 25 years, is assuming the role of Chairman. Michael Cardello III, a long-standing member of the firm's Management Committee and former Chair of the Litigation practice, has been elected Managing Partner.
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A Framework For Championing Securitization in Africa to Mobilize Capital and Drive Economic Development
The potential of securitization to meet a range of financing needs in African markets is yet to be fully realized.
TSL Express Daily Headlines & News
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VIQ Solutions Announces Term Loan and Fourth Amendment to Credit Facility
November 4, 2024VIQ Solutions Inc. (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announcesthat it has entered into a US$1,500,000 term loan (the “Term Loan”) with Beedie Investments Ltd. (the “Lender”).
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Chicago Atlantic Closes $30 Million Senior Secured Credit Facility to Deep Roots Harvest
November 4, 2024Chicago Atlantic Admin, LLC (“Chicago Atlantic”) announced that it acted as administrative agent on the funding of a $30 million senior secured credit facility for Deep Roots Holdings (“Deep Roots Harvest”), a vertically integrated operator in Nevada with five open dispensaries, one dispensary planned to open in December 2024 and a standalone cultivation and processing facility.
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Agrovision Secures $400 Million Credit Facility to Drive Global Expansion
November 4, 2024Agrovision Corp., the technology driven global superfruit platform, today announced the closing of senior secured credit facilities in an aggregate amount of $400 million. Proceeds from the financing, which includes an initial $230 million five-year term loan and a $150 million three-year revolving credit line, will be used to repay outstanding borrowings under the Company’s existing $210 million credit facility and short term credit lines.
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Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 4, 2024Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed an amendment to its existing senior secured credit facility. This amendment extends the maturity dates for its senior secured credit facility to five years for revolving loans and six years for term loans from the effective date, removes the springing maturity date provisions with respect to the Company’s senior notes and provides additional flexibility for the Company.
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Primergy Announces $225 Million in Corporate and Project Financing for its Valley of Fire Portfolio
November 4, 2024Primergy Solar, LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and energy storage, announced the closing of $225 million in project financing for its Valley of Fire (VoF) portfolio. The financing includes a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank for the continued development of the other VoF projects.
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Vattenfall Signs EUR 2 Billion Revolving Credit Facility Linked to its Sustainability Performance
November 4, 2024The new credit facility replaces Vattenfall’s existing and undrawn EUR 2 billion revolving credit facility signed in 2020. The new facility, which is available for general corporate purposes, carries a three-year tenor with two one-year extension options. It is a committed bank loan facility that allows Vattenfall to borrow funds at short notice if needed.
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Nuveen Private Capital Appoints Katherine Elmore-Jones to Lead Private Equity Business Development in Europe
November 4, 2024Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital (“NPC”), today announced Katherine Elmore-Jones has joined as a Partner and Head of Private Equity Business Development in Europe. Ms. Elmore-Jones will be based in Arcmont’s London office and report to Chris Freeze and David Burnside, Co-Heads of NPC Business Development.
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H.T. Flanagan Named As Debt Finance Partner at Kirkland & Ellis
November 4, 2024Kirkland & Ellis announced that H.T. Flanagan will join the firm as a partner in the Debt Finance Group. Flanagan advises private credit funds, alternative lenders, and other investors on traditional private credit financings and bespoke capital solutions. He also counsels such credit-oriented investors on direct originations, secondary market opportunities, complex inter-creditor issues, and novel structured capital investments.
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Winston & Strawn Represents Honor Capital Holdings in Acquisition of the Premium Finance Business of Pathward, N.A.
November 4, 2024Winston & Strawn members of the Esoteric Structured Finance, Private Equity, M&A and Executive Compensation and Benefits practices coordinated with Structured Finance Partner Pete Morgan on a transformative transaction for client Honor Capital Holdings. The transaction doubled the size of Honor Capital’s loans under management and solidified it as a premier P&C premium finance lender.
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CapitalPlus Financial Services Provides $1 Million Working Capital Facility to Underground Utility Contractor in Florida
November 4, 2024CapitalPlus Financial Services, a trusted provider of construction-focused financial solutions, has extended a $1 million factoring facility to a Florida-based underground utility contractor, empowering the business to take on new projects without waiting for client payments to clear. This tailored financing solution ensures that the contractor can focus on growth and timely payment to its subcontractors.
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Access Capital Empowers Zen Educate
November 4, 2024As an innovative education staffing provider, Zen Educate Inc. specializes in delivering teaching and support roles to a diverse range of educational establishments. Formed in 2017, Zen Educate Ltd., the parent company based in the United Kingdom, boasts backing from some of the leading education and technology venture investors.
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Citizens Advises Hi-Tek Data on its Recapitalization by Sea Pine
November 4, 2024Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Hi-Tek Data Holdings LLC., a premier managed service provider, on its recapitalization by Sea Pine Equity Partners, a lower middle-market private equity firm focused on the service sector.
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Mid Penn Bancorp to Acquire In-state Peer in $127M Deal
November 4, 2024Harrisburg, Pennsylvania-based Mid Penn Bancorp has agreed to acquire Bristol, Pennsylvania based William Penn Bancorp in an all-stock transaction valued at roughly $127 million, the companies announced Friday.
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CIBC Innovation Banking Announces Leadership Appointments
November 4, 2024CIBC Innovation Banking has appointed Paul McKinlay and Patrick Martin as Executive Managing Directors and Co-Heads, effective November 1, 2024, as Mark Usher retires from his position as President and Executive Managing Director.
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PennantPark Announces $610 Million Final Close for its Fourth Credit Opportunities Fund
November 4, 2024PennantPark Investment Advisers, LLC (“PennantPark”) today announced the final close of PennantPark Credit Opportunities Fund IV (“PCOF IV”), a private closed-end fund with $610 million of investable capital. The fourth vintage in its family, PCOF IV offers investors access to a diversified portfolio of middle market investments spanning first lien loans, second lien loans, mezzanine debt, and associated equity co-investments.
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Marathon Asset Management Provides Senior Secured Credit Facility to Finance H.I.G. Capital’s Acquisition of SkinCure Oncology
November 4, 2024Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to finance H.I.G. Capital’s (“H.I.G.”) acquisition of SkinCure Oncology Intermediate LLC (“SkinCure Oncology”). SkinCure Oncology’s executive team, led by CEO Kerwin Brandt, will continue to lead the company and remain significant shareholders.
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Capital Plus Financial Joins Texas Micro-Business Disaster Recovery Loan Program to Support Small Businesses
November 4, 2024Capital Plus Financial, a leading Community Development Financial Institution and subsidiary of Crossroads Impact Corp, is proud to announce its participation in the Texas Micro-Business Disaster Recovery Loan Program. This initiative provides essential access to capital for microbusinesses impacted by declared disasters, helping them recover and rebuild.
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Northrim BanCorp Announces Acquisition of Sallyport Commercial Finance, LLC
November 4, 2024Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced the acquisition of Sallyport Commercial Finance, LLC (“Sallyport” or “SCF”) in an all cash transaction that closed on October 31, 2024 and is valued at approximately $53.9 million.
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Franchise Group Reaches Agreement with First Lien Lenders to Substantially Reduce Debt, Enhance Liquidity, and Best Position Profitable Operating Businesses for Sustainable Growth
November 4, 2024Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders of approximately 80% of its first lien debt on a comprehensive solution to strengthen FRG's capital structure and best position its leading brands – Pet Supplies Plus, The Vitamin Shoppe, and Buddy's Home Furnishings – for continued sustainable growth.
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TGI Fridays Inc. Files Voluntary Chapter 11 Petitions to Address Legacy Liabilities and Position Restaurants for Long-Term Success
November 4, 2024TGI Fridays Inc. (the "Company"), the owner and operator of 39 domestic restaurants in the TGI Friday's casual dining chain, today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas.
The Secured Lender
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