- MONTICELLOAM, LLC Delivers $68MM In Financing For Three Skilled Nursing Facilities in Illinois
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
- Citizens Survey Finds AI Investment Accelerating as Companies Capture Greater Efficiency Gains
- Market Sizing & Impact Study
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team. Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities.
TSL Express Trending Story
Featured
Navigating Economic, Professional and Personal Change at SFNet's 2023 Women in Secured Finance Conference
“We have a great agenda planned for this year,” said WISF Committee Chair Laura Kemper Glass, and SVP, East Region Senior Portfolio Manager, Bank of America, N.A. “We’re bringing back, by popular demand, the small group Roundtable discussions on personal and professional change, which provide a great opportunity for intimate networking with others in the industry.”
TSL Express Daily Headlines & News
-
A&G Announces Plan to Sell 296 Big Lots, Inc. Store Leases in Connection with Retailer’s Restructuring and Sale Process
September 12, 2024A&G Real Estate Partners today announced plans to market 296 Big Lots, Inc. (the "Company") store leases for sale across the United States.
-
Meat-Industry Equipment Goes to Auction on Sept. 26
September 12, 2024In a major opportunity for the meat industry, equipment from Strauss Brands’ Franklin plant is available in a Sept. 26 online auction by Tiger Group and Barliant Auctions.
-
Big Lots Receives Court Approval of "First Day" Motions to Support Business Operations
September 12, 2024Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it received interim Court approval for certain "first day" motions related to the Company's voluntary Chapter 11 proceedings.
-
Associated Banc-Corp Appoints Trevor D'Souza as Senior Vice President of Commercial Banking
September 12, 2024Associated Banc-Corp has hired Trevor D'Souza as senior vice president of commercial banking. In his new role, D'Souza will focus on attracting and deepening customer relationships for products including loans, deposits, treasury management and other services.
-
Rite Aid Comes out of Chapter 11 Bankruptcy
September 12, 2024The Rite Aid Corporation said it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, cutting about $2 billion worth of total debt and adding $2.5 billion in exit financing.
-
Aequum Capital Welcomes James Farrell as Executive Director
September 12, 2024Aequum Capital ("Aequum"), a non-bank asset-based commercial lender, proudly announces the addition of James Farrell as its new Executive Director of Credit and Portfolio Management. With a distinguished career spanning over 35 years in commercial finance, particularly in senior secured asset-based lending, turnaround management, and business development, Jim brings a wealth of experience and strategic insight to the firm.
-
Gridiron Capital Enhances Operating Partner Resources with the Addition of Tom McInerney and Jason Cohen
September 12, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Tom McInerney and Jason Cohen have joined the team as Gridiron’s newest Operating Partners.
-
Prestige Capital Provides $7,500,000 Facility for an Electrical Contracting Company
September 12, 2024Prestige Capital is pleased to announce its recent collaboration with a Southwestern electrical contracting company. This partnership, facilitated by an experienced broker, enabled the electrical contractor business to restructure its finances successfully.
-
Pankaj Vashisth Elevated to Partner and Chief Compliance Officer at US Capital Global, Assumes Leadership Role for Las Vegas Office
September 12, 2024US Capital Global proudly announces the promotion of Pankaj Vashisth to the esteemed positions of Partner and global Chief Compliance Officer (CCO). With headquarters in San Francisco and a global presence extending to key locations such as Las Vegas, Philadelphia, Miami, New York, London, and Dubai, US Capital Global stands as a premier full-service global private financial group specializing in corporate finance, asset management, and capital formation services.
-
B. Riley Financial Provides Update on Strategic and Financing Initiatives
September 12, 2024B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today announced proposed strategic and financing initiatives intended to enhance shareholder value by accelerating debt repayment.
-
Trina Solar Secures €150 Million Credit Facility to Support IPP Transition
September 12, 2024Trina Solar (Luxembourg) Holdings S.A.R.L., a subsidiary of Trina Solar Co., Ltd., has secured a €150 million revolving credit facility from Banco Santander to accelerate the growth of its downstream division, Trinasolar International System Business Unit ('ISBU') focusing on the development of utility-scale solar power and battery storage projects.
-
CIBC Innovation Banking Serves as Lead Arranger of a Syndicated Debt Facility for 360insights
September 12, 2024CIBC Innovation Banking announced today that it recently acted as the lead arranger and administrative agent on a credit facility for 360insights, a partner engagement and business optimization company based in Whitby, ON.
-
Horizon Copper Strengthens Financing Capacity with $30 Million Revolving Credit Facility Plus $20 Million Accordion Feature
September 12, 2024Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) ("Horizon Copper", "Horizon", or the "Company") is pleased to announce that it has entered into a revolving credit agreement with National Bank of Canada and The Bank of Nova Scotia allowing the Company to borrow up to US$30 million (the "Revolving Loan"), with an additional uncommitted accordion of up to US$20 million, for total availability of up to US$50 million.
-
Comvest Credit Partners Announces Closing of Debut Middle-Market CLO at $500 Million
September 12, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, today announced the recent closing of its debut Collateralized Loan Obligation (CLO), Comvest 2024-1 CLO (“Comvest CLO”), at $500 million.
-
Shift4 Announces Closing of New Revolving Credit Facility
September 10, 2024Shift4 Payments, LLC (“Shift4 LLC”), a wholly-owned subsidiary of Shift4 Payments, Inc. (NYSE: FOUR), a leader in integrated payments and commerce technology, today announced the completion on September 5, 2024 of a refinancing of its existing revolving credit facility with a second amended and restated first lien credit agreement entered into with Goldman Sachs Bank USA, as administrative agent and collateral agent,
-
Ares Commercial Finance Provides a $30 Million Credit Facility to InterDesign, Inc.
September 10, 2024Ares Commercial Finance announced today that it has provided a $30 million senior secured revolving line of credit to InterDesign, Inc. (“iDesign” or the “Company”). The Company, based in Solon, Ohio, is a global leader in housewares distribution, providing innovative and sustainable home organization solutions.
-
Womble Bond Dickinson to Combine with Lewis Roca, Forming Powerhouse Law Firm
September 10, 2024Womble Bond Dickinson (US) and Lewis Roca announced today that the two large, multi-practice law firms have approved a combination, creating a powerhouse firm of more than 1,300 attorneys in 37 offices in the United States and the United Kingdom. The combination will provide clients with enhanced capabilities across practices and sectors, as well as the resources of an expansive geographic platform.
-
BRG Further Expands in Europe with Addition of Expert Team and Offices in Rome and Milan
September 10, 2024BRG announced today the opening of offices in Rome and Milan as it expands its European footprint with a team of economists focused on regulated industries, led by Managing Director Dr Francesco Lo Passo, who joins with Managing Director Marcella Fantini and Associate Director Alessandro Greco.
-
finally Raises $200M Series B with $50M Equity and $150M Credit Facility
September 10, 2024The AI-powered, all-in-one finance and HR suite, finally, today announced that it has closed a $50M Series B from PeakSpan Capital and $150M credit facility from Encina. The new capital follows the company’s $95M Series A in 2022 and additional $10M capital injection in February of this year, bringing total funds to date to $305M. Since its Series A, finally has shown annual revenue growth of 300%.
-
Concrete Pumping Holdings Upsizes Asset-Based Lending Facility to $350 Million
September 10, 2024Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and concrete waste management services in the U.S. and U.K., announced that Brundage-Bone Concrete Pumping Holdings Inc. (the "Issuer"), a wholly-owned subsidiary of the Company, has amended and restated its existing ABL credit agreement (the “ABL Facility”) to provide up to $350 million (previously $225 million) of commitments and extend the maturity of the ABL Facility to September 6, 2029.
The Secured Lender
SFNet's The 81st Annual Convention Issue

.jpg?sfvrsn=f1093d2a_0)