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- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- Kent Outdoors Announces New $90 Million Credit Facility to Support Domestic Operations
- Sallyport Commercial Finance Provides a $500,000 Factoring Facility for a Natural Energy Drink Company
- MidCap Financial Announces Key Leadership Appointments as Part of Planned Succession
TSL Express Daily Articles & News
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Eric Huff Joins S&T Bank as Director of Asset-Based Lending
S&T Bank has named Eric Huff as senior vice president, managing director of asset-based lending.
With over 25 years of experience in financial services, most recently as the senior regional director and business development officer at Huntington Bank, Huff brings a wealth of knowledge and experience. In his role at S&T Bank, he will be responsible for the ongoing sales and growth of the bank’s asset-based lending portfolio.
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As the chair of the SFNet’s Diversity, Equity and Inclusiveness Committee I meet with my committee composed of industry volunteers to discuss our mission of building diversity, equality and inclusion within our member companies, industry, and community. We seek to identify the issues and create awareness of the challenges, provide resources for improvements, and demonstrate sustained measurable positive outcomes throughout our SFNet community.
TSL Express Daily Headlines & News
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SVB Financial Group Completes Sale of SVB Capital to Pinegrove Capital Partners
September 30, 2024SVB Financial Group today announced that it has completed the sale of its investment platform business, SVB Capital, to affiliates of Pinegrove Capital Partners ("Pinegrove"), backed by evergreen capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage.
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STEP Energy Services Ltd. Amends and Extends Credit Facility
September 30, 2024STEP Energy Services Ltd. (“STEP”) (TSX: STEP) is pleased to announce an update on its credit agreement. STEP has entered into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”) with a syndicate of Canadian banks which amends and extends its prior credit agreement.
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Mabrey Bank Hires Bobby McAlpine as Commercial Lending Officer
September 30, 2024Mabrey Bank announced the hire of Bobby McAlpine as a Commercial Lending Officer as an addition to its growing commercial lending team. Based out of East Central Oklahoma, McAlpine will be primarily focused on agricultural and recreational land loans throughout the region.
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Beyond Air Announces Termination of the Loan and Security Agreements with Avenue Capital
September 30, 2024Beyond Air, Inc. (NASDAQ: XAIR) (“Beyond Air” or the “Company”), a commercial stage medical device and biopharmaceutical company focused on harnessing the power of endogenous and exogenous nitric oxide (NO) to improve the lives of patients, today announced that it has terminated the loan and security agreements with Avenue Capital and entered into an $11.5 million loan agreement with an insider-led investor group.
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Cascadia Expands Capital Markets Advisory Practice, Hiring Thomas Mills
September 30, 2024Cascadia Capital is pleased to announce that Thomas Mills has joined the firm as a Managing Director in its Capital Markets Advisory Group. Mr. Mills brings more than 20 years of experience in debt capital markets, raising capital for clients in a wide variety of industries and transactions, including recapitalizations, growth financings, and management buyouts.
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Womble Expands Nashville Office With Addition of Business Litigation Partner Derek Edwards
September 30, 2024Womble Bond Dickinson announced that Derek W. Edwards has joined the firm’s Nashville office as a partner in the Business Litigation Practice Group. Edwards has over 20 years of experience as a trusted advisor to retail banks and equity-backed companies in the financial services and payments industries. His practice spans financial technology, merchant services, and payment processing.
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Vance Street Capital Completes Growth Investment in Pro-Vision
September 30, 2024Vance Street Capital ("Vance Street"), a Los Angeles based private equity firm, today announced it has partnered with Pro-Vision (the "Company") to support the business and management team during this next chapter of its growth story. Pro-Vision is a North American provider of video monitoring solutions for the commercial, K-12 transit, and public safety end markets.
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CIBC Innovation Banking Provides Credit Facilities to Nulogy Inc.
September 30, 2024CIBC Innovation Banking announced today that it has provided $15 million in credit facilities to support Rubicon Technology Partners’ strategic investment in Toronto-based Nulogy, a leading provider of supply chain collaboration solutions. Nulogy's cloud-based, multi-enterprise platform allows brands to orchestrate their extended supply chain, driving improved service while reducing waste, minimizing cost, and accelerating growth.
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Citi and Apollo Introduce $25 Billion Private Credit, Direct Lending Program
September 30, 2024Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies.
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BlackRock And Santander: Partnership Expanded For Private Asset Financing
September 30, 2024BlackRock and Santander announced the signing of a memorandum of understanding (MoU) under which BlackRock’s funds and accounts will invest up to $1 billion per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats.
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Huntington Business Credit Closes a $50 Million Credit Facility with Elements International Group, LLC
September 30, 2024Huntington Business Credit closed a $50,000,000 new credit facility with Elements International Group, LLC on August 27, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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Gordon Brothers Forecasts Modest U.S. Retail Sales Growth
September 30, 2024Gordon Brothers, the global asset experts, has forecasted U.S. retail sales for this upcoming holiday season[1] predicting a modest increase of 1.2% to 3.5% relative to last year amid economic and political uncertainty.
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TD Bank Announces Andy Bregenzer and Jill Gateman as Co-Heads of U.S. Commercial Banking
September 26, 2024TD Bank, America's Most Convenient Bank®, recently announced Andy Bregenzer and Jill Gateman as Co-Heads of U.S. Commercial Banking. The appointments follow the Spring 2024 announcement of Chris Giamo's retirement from TD Bank after 26 years of service to TD and more than 30 years in banking.
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Wolters Kluwer Regulatory Violations Intelligence Index Shows Notable Increases in Total Regulatory Violations for First Half of 2024
September 26, 2024Wolters Kluwer Compliance Solutions’ latest Regulatory Violations Intelligence Index shows notable increases in the total number of violations cited by agencies during the first half of 2024 compared to 2023 second half results in two of three major category it tracks—Consumer Protection and Financial Offenses—while dramatically falling off in the Competition-related offenses category. Collectively, penalty amounts declined significantly.
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52% of Restructuring Experts Expect Tightened Lending Conditions in Asia, Says AlixPartners
September 26, 2024AlixPartners, the global consulting firm, today announced the findings of its 19th Annual Turnaround and Transformation Survey Asia Report. The survey reveals that over half of respondents expect lending standards to become more restrictive in the year ahead than the previous year.
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Middle Market Business Leaders are Confident in Company Financial Performance, Reaching Highest Level in Two Years
September 26, 2024KeyBank (NYSE: KEY) announced the release of its semi-annual Middle Market Sentiment Report, which surveyed more than 700 business owners and executives of companies with $10 million to $1 billion in annual revenue, to gather their insights on the current economic and company outlook, challenges currently affecting their businesses, and their growth plans for the year ahead.
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nFusion Provides $3 Million ABL Line for a Long-Established, Family-Owned Cabinetry and Millwork Company
September 26, 2024nFusion announced it provided a $3 million ABL line for a long-established, family-owned cabinetry and millwork company based in New Jersey to help build infrastructure for growth.
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John Galt Solutions Expands Presence in Asia and South America to Support Global Growth
September 26, 2024John Galt Solutions, a global leader in automating supply chain planning to empower businesses to make better decisions faster, today announced the opening of new offices in Tokyo, Japan and Bogota, Colombia
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David J. Borkon Joins Moritt Hock & Hamroff As A Partner
September 26, 2024Moritt Hock & Hamroff announced today that David J. Borkon has joined the firm as a Partner in its Corporate, M&A and Securities practice group. He is located in the firm's Garden City office. Prior to joining the firm, Mr. Borkon was a Partner at Forchelli Deegan Terrana LLP.
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Northleaf Expands Global Presence with New Office in Seoul
September 26, 2024Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, announced today the opening of its new office in Seoul, Republic of Korea to support continued investor interest in the firm’s mid-market private markets platform. This marks Northleaf’s tenth global office and complements the firm’s existing Asia-Pacific locations in Melbourne, Australia and Tokyo, Japan.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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