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Tree Buckingham Joins nFusion Capital as EVP Head of Asset Based Lending
nFusion Capital announced that Tree Buckingham has joined their team as EVP Head of Asset Based Lending. Buckingham is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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This past Fall, MUFG announced leadership changes within its Asset-Based Finance team designed to align the team to better support its overall ABF growth strategy in the Americas. Leadership team members are based in three key markets – New York, Boston, and Los Angeles. John Eissele, who has been with the bank for 11 years, was appointed as MUFG’s new head of ABF. Here, Eissele discusses his goals, strategic priorities, challenges and opportunities.
TSL Express Daily Headlines & News
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J D Factors Provides $7,075,000 in new Factoring Facilities in December
January 6, 2025J D Factors provided $7,075,000 in new factoring facilities to 28 new clients in the US and Canada during the month of December. Some of these facilities include: a $150,000 factoring facility for an exhaust fan cleaning service company in Florida and a $3,000,000 factoring facility for a transportation company in Indiana.
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Aypa Power Secures $190 Million Financing for The Bypass Battery Storage Project in Texas
January 6, 2025Aypa Power, a Blackstone portfolio company and a leading developer and operator of utility-scale energy storage and hybrid renewable energy projects, successfully closed a $190 million financing package for the Bypass Battery Energy Storage System (BESS) project.
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Biora Therapeutics Undertakes Chapter 11 Sale Process to Position Business for Future Growth
January 6, 2025Biora Therapeutics, Inc. (“Biora” or the “Company”), a biotech company developing smart pill-based therapeutic platforms, today announced it has reached an agreement with certain of its prepetition creditors (the “Lenders”) to provide financing to support a chapter 11 sale process, which will ultimately lead to a strengthened balance sheet and help enable it to launch its next stage of product development.
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Quest Resource Holding Corporation Announces Successful Completion of Debt Refinancing
January 6, 2025Quest Resource Holding Corporation (Nasdaq: QRHC) (“Quest” or the “Company”), a national leader in environmental waste and recycling services, today announced that the Company has successfully completed its refinancing process, and has amended its financing agreements with Monroe Capital Management Advisors, LLC (“Monroe”) and PNC Bank (“PNC”).
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Keycorp and Scotiabank Complete Strategic Minority Investment
January 6, 2025KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX: BNS) (NYSE: BNS) now owns approximately 14.9% of KeyCorp's common stock.
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Allo Secures $100 Million in Debt Financing to Expand Bitcoin-Backed Lending Platform
January 6, 2025Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, has successfully secured a $100 million Bitcoin-backed credit facility. This landmark credit facility will further enhance Allo's BTC-backed lending services, catering to institutional and individual participants eager to engage in the growing crypto lending market.
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Gordon Brothers Sells Laura Ashley
January 3, 2025Gordon Brothers, the global asset experts, has sold the Laura Ashley® brand, archives and related intellectual property to Marquee Brands, the global brand accelerator.
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A&G to Auction Remaining Party City Store Leases in Early February
January 3, 2025A&G Real Estate Partners, real estate advisor to Party City Holdco Inc. (“PCHI” or the “Company”), today announced plans to auction 695 Party City store leases as the nearly 40-year-old celebrations retailer begins to wind down its operations. Going-out-of-business sales are now underway at those retail locations.
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Arq Announces Successful Closing of $30 Million Revolving Credit Facility
January 3, 2025Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products, today announced the successful closing of an asset-based revolving credit facility (the "Facility") with MidCap Financial, a leading commercial finance company focused on middle market transactions, ("MidCap Financial").
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Diamond Sports Group Emerges From Chapter 11 as Main Street Sports Group
January 3, 2025Diamond Sports Group announced today that it has completed its financial restructuring and has emerged from Chapter 11 as Main Street Sports Group (“Main Street Sports” or the “Company”) with a significantly deleveraged balance sheet.
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NN, Inc. Announces New Asset-Based Lending Facility
January 3, 2025NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, announced today that it has entered into an ABL Credit Agreement governing a new asset-backed senior secured revolving credit facility (the “ABL”). The new ABL Credit Agreement will provide NN Inc. with a $50 million revolving credit facility.
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Carbon Revolution Secures $25 Million Financing Agreement with Orion Infrastructure Capital
January 3, 2025Carbon Revolution plc (Nasdaq: CREV) (the "Company"), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for a further US$25 million financing
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PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $736 Million
January 3, 2025PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it has upsized its credit facility, led by Truist Bank (the “Credit Facility”) to $736 million from $636 million. Pricing on this facility remained unchanged at SOFR plus 225 basis points.
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West Red Lake Gold Closes US$35-Million Credit Facility with Nebari and Announces Drawdown of US$15 Million
January 3, 2025- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce that on December 31, 2024 it entered into a completed credit agreement (the “Loan Agreement”) with Nebari Natural Resources Credit Fund II LP (“Nebari”) pursuant to which the Company will borrow up to a maximum principal amount of US$35 million.
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Kuber Announces Additional Partner & Increase of Credit Facility to $160 Million
January 3, 2025Kuber Mortgage Investment Corporation ("Kuber" or the "Company") is pleased to announce an increase to its revolving credit facility (the "Credit Facility") from $100 million to $160 million with continued support by two of Canada's largest banks and the addition of one of the largest US banks as a syndicate partner, effective December 23, 2024.
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Ladder Announces $850 Million Revolving Credit Facility to Upsize and Extend Existing Facility and Reduce Cost of Debt
January 3, 2025Ladder Capital Corp (“Ladder,” the “Company,” “we” or “our”) (NYSE: LADR), a leading diversified commercial real estate finance platform, recently closed and subsequently upsized a revolving credit facility (the “Credit Facility”) with commitments of $850 million.
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Greenberg Traurig Expands London Restructuring and Arbitration Practices with Strategic Hires
January 2, 2025Global law firm Greenberg Traurig, LLP has reinforced its commitment to growth in the London market by welcoming two lawyers, Restructuring & Insolvency Shareholder Aaron Harlow and International Arbitration Of Counsel Michael Cottrell.
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SMG Sells Seven CCM Stations, Restructures Balance Sheet
January 2, 2025In a significant restructuring of its financial landscape, Salem Media Group (SMG) has repurchased all $159.4 million of its outstanding 7.125% Senior Secured Notes due 2028 at a discounted rate, issued $40 million in convertible preferred stock, and reached an agreement to sell seven of its radio stations for $90 million.
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Huntington Business Credit closed new credit facilities with JG Kern Enterprises, Inc
January 2, 2025Huntington Business Credit closed $21,000,000 in new credit facilities with JG Kern Enterprises, Inc. on November 27, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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Celtic Capital Corporation Announces New Client Relationship
January 2, 2025Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest company that was acquiring the assets of a long-time precision machine shop working in the aerospace, defense and theme park industries.
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