- GreenFirst Secures $30 Million Term Loan Under Federal Softwood Lumber Program
- Mitsubishi HC Capital Canada Closes US$62.5 Million Through Private Credit Platform to Accelerate Growth for Four Canadian Businesses
- KORE Capital Delivers $3 Million Working Capital Facility to Empower Growing Entrepreneur Responding to Expanding Client Demand
- enGene Announces Expanded $125 Million Debt Facility with Hercules Capital, Inc.
- MONTICELLOAM, LLC Finances $60MM For Five Skilled Nursing Facilities in Illinois
TSL Express Daily Articles & News
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New CA Rules Prohibiting Certain Fees by Lenders/Factors to Take Effect January 1st
SFNet is providing the following explanation of the new California regulations taking effect on January 1, 2024. Should you have specific questions please consult your legal counsel (or Michele Ocejo mocejo@sfnet.com or Rich Gumbrecht rgumbrecht@sfnet.com.
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Asset-Based Lending: A Primer for Borrowers and New Hires
Asset-based lending offers many benefits to borrowers in need of capital, not the least of which is the partnership built between client and lender.
TSL Express Daily Headlines & News
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Jeffrey Tyo Joins Gordon Brothers as Managing Director, Commercial & Industrial
October 17, 2024Jeffrey Tyo has joined Gordon Brothers, the global asset experts, as Managing Director, Commercial & Industrial. In this role, Tyo will expand Gordon Brothers’ presence on the West Coast by developing and strengthening the firm’s relationships with corporate clients, lenders, private equity firms, investment bankers and restructuring advisors focused on the consumer packaged goods industry.
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Wolters Kluwer Achieves Top Ten Ranking in Chartis RiskTech100® 2025
October 16, 2024Wolters Kluwer, a global leader in professional information, software solutions, has achieved a global top ten ranking from Chartis Research in the prestigious Chartis RiskTech 100 2025 report. Ranked tenth overall, Wolters Kluwer also received Category Awards for Liquidity Risk and, for the third consecutive year, Regulatory Intelligence.
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Cambridge Savings Bank Extends New Credit Facility to Accelerate Growth for Fabrizia Spirits
October 16, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a new credit facility to Fabrizia Spirits, a leading citrus spirits manufacturer in the United States.
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Altriarch Closes $40 Million Senior Debt Facility for LeasePoint Funding Group, LLC
October 16, 2024Altriarch Asset Management (“Altriarch”) today announced that it has provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC (“LeasePoint” or the “Company”). The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to medical practices.
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Garnet Capital Advisors Represents Alternative Investment Manager in Disposition of $14 million MCA Portfolio
October 16, 2024Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $14 million MCA portfolio on behalf of a top Alternative Investment Manager.
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B. Riley Securities Serves as Exclusive Financial Advisor to Bit Digital, Inc. on the Acquisition of Enovum Data Centers
October 16, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive financial advisor to Bit Digital, Inc. (NASDAQ: BTBT) in the acquisition of Enovum Data Centers (“Enovum”), an owner, operator and developer of high-performance computing (“HPC”) datacenters, for a total consideration of approximately CAD $62.8 million (approximately USD $46MM).
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AlixPartners Welcomes new Partner & Managing Director, Michael Glaschke
October 16, 2024AlixPartners, the global consulting firm, is pleased to announce the appointment of Michael Glaschke as a Partner & Managing Director. Michael brings more than 20 years of experience advising clients in Europe across the chemicals, energy, basic materials, and automotive industries, among others.
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Canal Road Group Closes $250 Million Credit Facility with Wells Fargo for Private Corporate Lending Strategy
October 16, 2024Canal Road has closed a new $250 million credit facility agented by Wells Fargo Bank, N.A. The financing increases the firm's investible capital to be deployed in the private corporate lending market.
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Zinnia Raises $300 Million in Strategic Financing from Vista Credit Partners
October 16, 2024Zinnia, a leading life and annuity (L&A) insurance technology company, today announced $300 million in financing from Vista Credit Partners, a subsidiary of Vista Equity Partners and a strategic credit and financing partner focused on the enterprise software, data, and technology markets.
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Apollo Closes Second Vintage Large Cap Direct Lending Fund with $4.8 Billion of Assets
October 16, 2024Apollo (NYSE: APO) today announced that it has closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets1. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just over 12 months, inclusive of the Fund II close and other product formats providing access to Apollo’s direct lending franchise.
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Abacus Finance Provides Senior Debt Financing to Support Achieve Partners’ Leveraged Buyout of Ascend Partners
October 16, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners.
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CECO Environmental Upsizes Credit Facility to $400 Million
October 15, 2024CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility.
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WOW! Closes on $200 Million New Senior Term Loan
October 15, 2024WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, today announced WideOpenWest Finance, LLC, a subsidiary of WOW!, has closed on a new super-priority credit agreement consisting of a new Senior Term Loan in an aggregate principal amount of $200 million, with a group of existing lenders.
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Orla Mining Repays Revolving Credit Facility to Achieve Debt-Free Status
October 15, 2024Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the "Credit Facility") totalling $58.4 million.
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AlixPartners Welcomes New Partner & Managing Director, Michael Glaschke
October 15, 2024AlixPartners, the global consulting firm, is pleased to announce the appointment of Michael Glaschke as a Partner & Managing Director. Michael brings more than 20 years of experience advising clients in Europe across the chemicals, energy, basic materials, and automotive industries, among others.
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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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