- Gibraltar Business Capital Delivers $15MM Senior Secured Facility to Bolster Sampa USA’s Expansion
- Fluent Inc. Announces New Credit Facility
- Republic Business Credit Supports Growth of UK-based Automotive Electronics Equipment Manufacturer with $3.5 Million Factoring Facility
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- Sallyport Commercial Finance Provides a $1.5 Million Boost for Post-CCAA Canadian Bakery
TSL Express Daily Articles & News
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Anand Rao Joins Mitsubishi HC Capital America Structured Finance Team as Managing Director, Private Credit
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Anand Rao has joined the company as Managing Director, Private Credit for the Structured Finance division.
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Jessica Sanchez is currently the Director of Marketing and Communications at Access Capital, Inc., a New York-based commercial finance firm and the nation’s leading independent lender to the staffing industry. The firm provides working capital lines of credit from $500,000 to $25 million and term loans up to $5 million to clients to support their ongoing business and finance growth strategies, including M&A, strategic investments, and shareholder buyouts.
TSL Express Daily Headlines & News
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Wintrust Business Credit Closes ABL Line of Credit for Dairy Products Manufacturer, SmithFoods
October 15, 2024Wintrust Business Credit closed an asset-based lending (ABL) line of credit for SmithFoods, a Midwest-based manufacturer of dairy products. After a divestiture that reshaped the company’s focus, SmithFoods was looking for the right banking partner as it faces meaningful growth in some of its core product lines.
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Renowned Motor Vehicle Finance Partner Ingrid McClintock Joins Holland & Knight’s Financial Services Group in Charlotte
October 15, 2024Holland & Knight is pleased to welcome Ingrid McClintock as a financial services partner in Charlotte. Most recently, Ms. McClintock was a partner at McGuireWoods.
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MidCap Business Credit LLC Completes $7.5 Million Asset-Based Line of Credit to Food Importer and Distributor
October 15, 2024MidCap Business Credit LLC announced today that it has completed a $7.5 Million asset-based line of credit to a food importer and distributor located in the Northeast. The revolver is supported by advances against accounts receivable and inventory.
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WhiteHorse Capital Provides New Credit Facility to Westinghouse
October 15, 2024WhiteHorse Capital is pleased to announce that it has provided a new First Lien Credit Facility to Westinghouse Electric & Manufacturing Company, LLC (“Westinghouse”), with proceeds used to support the acquisition of Midwest Equipment Sales, LLC (“MWE”), one of its largest licensees, as well as to refinance existing debt and pay related transaction expenses.
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Comvest Credit Partners Upsizes and Amends Senior Credit Facility for Purchasing Power to Support Growth
October 15, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on an upsized $218 million senior secured credit facility (the “Financing”) for Purchasing Power, an Atlanta-based provider of voluntary employee benefits.
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Citizens JMP Advises Trinisys on its acquisition by Harmony Healthcare IT
October 15, 2024Citizens JMP announced today that it served as the exclusive financial advisor to Trinisys, LLC on its sale to Harmony Healthcare IT, a sponsor-backed healthcare data management company. Harmony is a portfolio company of Canadian-based Novacap, a C$8 billion AUM North American private equity investor.
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SoFi Expands Loan Platform Business with $2 Billion Agreement with Fortress Investment Group
October 15, 2024SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”).
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Barings Leads Debt Financing for AEA Investors’ Recapitalization of Connexus Resource Group
October 15, 2024Barings, one of the world’s leading investment managers, today announced that it has served as lead agent, arranger, and bookrunner on a debt financing to support AEA Investors’ (“AEA”) recapitalization of Connexus Resource Group (“Connexus”).
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Gordon Brothers Partners with NetBid to Sell Stellantis Engine Plant and Machinery
October 15, 2024Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska, Sp. z.o.o.
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T-MAX Lending LLC Provides $45 Million Loan for Renovation of 226-Unit Apartment Tower in New Orleans, LA
October 15, 2024T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area.
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SFNet New Member Spotlight: KORE Capital Corporation
October 14, 2024KORE Capital Corporation assists entrepreneurs, who sell to the government or large corporations, scale their enterprise by providing short term working capital solutions in the form of factoring and asset-based lending.
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Avolon Reprices and Extends US$2.3 Billion Term Loan B Facility
October 14, 2024Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)
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Second Avenue Capital Partners Agents a $120,000,000 Revolving Credit Facility to Support IQVentures Acquisition of The Aaron’s Company
October 14, 2024Schottenstein affiliate Second Avenue Capital Partners (“SACP”) announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron’s Company, Inc. (“Aaron’s” or “the Company”), an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.
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Maxim Commercial Capital Fills Capital Void in Q3 2024
October 14, 2024Maxim Commercial Capital (“Maxim”) reported robust results for the third quarter of 2024, funding nearly 80% more transactions than during Q3 2023. Despite a slow freight market, hurricane damage in the southeast, and the upcoming election, Maxim experienced a steady flow of applications from equipment vendors and finance brokers.
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True Value Company Announces Sale Agreement With Do It Best
October 14, 2024True Value Company, L.L.C. ("True Value" or the "Company"), one of the world's leading hardlines wholesalers, today announced that it has entered into an agreement to sell substantially all of the Company's business operations to home improvement industry peer Do it Best Corp.
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Dorsey Strengthens its M&A/Corporate Team with Partner Brian Moll
October 14, 2024Dorsey & Whitney LLP continues to expand its Phoenix office with the arrival of Mergers & Acquisitions + Corporate Transactional Partner Brian Moll, the international law firm announced today.
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KBRA Announces Structured Finance Senior Management Appointments
October 14, 2024KBRA is pleased to announce the following senior management appointments. Yee Cent Wong has been named Lead Analytical Manager for Structured Finance and Jack Kahan has been named Global Head of ABS and RMBS.
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Alignment Credit Provides Senior Secured Term Loan Commitment to Riverview Companies
October 14, 2024Alignment Credit, a leading provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured credit facility to Riverview Landscape Holdings LLC, d/b/a Riverview Companies (”Riverview” or the “Company”) to refinance Riverview’s previous debt facilities and provide the acquisition financing.
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Marathon Asset Management Acts as Joint Lead Arranger and Provides Senior Secured Credit Facility to Refinance Owl Cyber Defense
October 14, 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 refinance Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners.
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CoreWeave Announces $650 Million Credit Facility to Support Ongoing Growth
October 14, 2024CoreWeave, the AI Hyperscaler™, today announced it has closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo.
The Secured Lender
SFNet's The 81st Annual Convention Issue
