- Richard Sumida Joins CohnReznick as National Assurance Partner
- Peoples Bancorp Inc. Announces Retirement of Douglas V. Wyatt; Ron J. Majka Appointed Chief Commercial Banking Officer
- Mitsubishi HC Capital Canada Closes US$62.5 Million Through Private Credit Platform to Accelerate Growth for Four Canadian Businesses
- Encina Lender Finance Provides Specialty Finance Company with $75 Million Credit Facility to Scale Origination of Consumer Lease-to-Own Assets
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TSL Express Daily Articles & News
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Ares Management Launches Ansley Park Capital
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment.
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Floating Charges: the Good, the Bad and the Ugly - The Evolution of the Floating Charge
The capacity for a lender to take effective security over a changing pool of assets is of critical importance to the asset-based lending market.
TSL Express Daily Headlines & News
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Winston & Strawn Names 20 New Partners
December 4, 2024Winston & Strawn LLP is pleased to announce that 20 of the firm’s lawyers have been elevated to partner. These accomplished lawyers represent 11 practice areas and eight offices globally. The new partners reflect the broad scope of the firm’s capabilities and the varied clients and high-growth industries we serve.
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Siena Lending Group LLC Closes $23 Million Credit Facility for SIFCO Industries Inc.
December 4, 2024Siena Lending Group LLC ("Siena"), a leading provider of asset-based lending solutions, is pleased to announce the closing of a new senior secured credit facility for SIFCO Industries, Inc. ("SIFCO" or the "Company"), a global manufacturer of highly engineered, critical components for the aerospace and industrial sectors. The facility provides SIFCO with significant financial flexibility to repay its senior debt, support its growth initiatives, working capital needs, and overall business operations.
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First Citizens Bank Names Gina Downing as Vice President in Equipment Finance
December 4, 2024First Citizens Bank today announced that its Equipment Finance group has named Gina Downing as a vice president on its industrial team. Gina will be responsible for supporting clients and growing the value of lending and leasing portfolio with a focus on construction, transportation, and materials handling equipment dealers across the Midwest region.
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eCapital Accelerates $35 MM in Growth Financing for Leading Colorado Commercial Printer
December 4, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has provided a $35 million asset-based lending (ABL) facility to a Colorado-based company specializing in large-format digital printing that serves a range of high-profile commercial clients.
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Tony Grant Joins A&G as Senior Managing Director
December 4, 2024Responding to the surge in demand for strategic approaches to real estate among both healthy and distressed operators across all sectors, A&G Real Estate Partners has tapped industry veteran Tony Grant as Senior Managing Director.
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Great Rock Capital Closes $33.5 Million Revolving Credit Facility
December 4, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $33.5 million senior secured revolving credit facility for an industry-leading blasting and abrasives company.
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 4, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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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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