- Altriarch Closes $12.5 Million Senior Secured Asset-Based Credit Facility for Manufacturing Firm
- Commercial Finance Partners Closes Five Factoring Facilities in Five Days
- Commercial Finance Partners Closes Five Factoring Facilities in Five Days
- Lisa Osorio Joins Republic Business Credit as Legal Administrator
- B. Riley Securities Serves as Lead Bookrunner on Babcock & Wilcox's $230 Million Equity Follow-On Offering
TSL Express Daily Articles & News
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Jeffery Wacker Joins Webster Bank’s Asset Based Lending Division
Webster Bank today announced that Jeffery Wacker has joined the bank’s Asset Based Lending division as Managing Director of Large Corporate Asset Based Lending (ABL) Originations. In his role, Wacker will have geographic coverage responsibility for the entire United States market, focusing on the market for syndicated, large corporate ABL senior secured credit facilities.
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SFNet's 40 Under 40 Awards Committee Chair, Betty Hernandez: Insights into Honoring Secured Finance's Rising Stars
SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.
TSL Express Daily Headlines & News
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Keycorp Announces Appointment of Mohit Ramani as Chief Risk Officer
January 15, 2025KeyCorp (NYSE:KEY) announced that Mohit (Mo) Ramani will join Key as Chief Risk Officer (CRO), effective January 23, 2025.
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Altriarch Closes $12.5 Million Senior Debt Facility for RLTYco, Inc.
January 15, 2025Altriarch Asset Management (“Altriarch”) is pleased to announce the successful closing of a $12.5 million senior secured revolving facility for RLTYco, Inc. (“RLTY”). The two year loan, which has an option to extend an additional year, will give RLTY the ability to expand its portfolio and enhance its innovative financial offerings for real estate professionals, brokerages and developers.
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Nexia Announces Appointment of Matthew Howell as Chief Executive Officer
January 15, 2025Nexia, the leading middle-market global network of independent accounting and consulting firms, is delighted to announce the appointment of Matthew Howell as its new Chief Executive Officer. With a distinguished career spanning over two decades in senior leadership roles within membership organisations and professional services, Matt brings a wealth of experience to the Nexia network.
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J.F. Lehman & Company Announces Promotions and Team Additions
January 15, 2025J.F. Lehman & Company ("JFLCO"), a leading middle-market private investment firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and team additions.
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Matthew Morgan Joins Womble Bond Dickinson in Charleston
January 15, 2025Womble Bond Dickinson announced today that Matthew S. Morgan has joined the firm’s Finance, Bankruptcy, and Restructuring practice in Charleston. A seasoned financial services attorney, he has over two decades of experience working in both Am Law 100 firms and leading buy-side and sell-side financial institutions in London.
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MidCap Financial Closes $17.5mm Senior Secured Credit Facility to Kellenberger
January 15, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $17.5mm senior secured credit facility to Kellenberger (“Kellenberger” or the “Company”), a portfolio company of Centre Lane Partners, LLC. Proceeds from the MidCap Financial credit facility will support Kellenberger’s ongoing working capital needs.
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nFusion Capital Provides $5 Million Factoring Facility for Welding, Fabrication, and Steel Erection Services Company
January 15, 2025nFusion Capital announced it has provided a $5 million factoring facility for welding, fabrication, and steel erection services company. Headquartered in Alaska, this Company provides its services to the mining, oil field, and construction industries. With long-term experience in the state, they are familiar with the inherent challenges of operating in arctic environments and the specialized equipment required to work on permafrost and wetlands.
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QuickFi Wins Second Consecutive “BIG Innovation Award” for their Embedded Lending Platform
January 14, 2025QuickFi is delighted to announce its recognition as a winner of the prestigious 2025 BIG Innovation Awards, presented by the Business Intelligence Group. This honor highlights the company’s embedded lending platform, driving transformation in financial services.
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Robert von Furth Joins Armory Group as Managing Director
January 14, 2025Armory Group, LLC, a leading financial advisory firm serving the middle market, is excited to welcome Robert von Furth as our newest Managing Director. Based out of Armory’s Boston office, Rob brings over 20 years of experience advising family-owned and sponsor-backed middle-market companies on a wide range of transactions, including mergers and acquisitions, special situations, private and public equity and debt offerings, board advisory, strategic alternatives, and valuations, with a focus on the Consumer and Retail industries.
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BDO Capital Advisors Welcomes Jason Frank as President and CCO
January 14, 2025Jason draws upon his 30 years of experience as an investment banker, advisor, operator, entrepreneur, and investor. He is known for deal-making knowledge, deep industry insight, high-quality service, and senior-level attention when addressing the demands of complex financial and strategic matters for his clients.
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Monroe Capital Supports Maple Park Capital Partners’ Acquisition of Rita’s Italian Ice & Frozen Custard
January 14, 2025Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Rita’s Italian Ice & Frozen Custard (“Rita’s”) by Maple Park Capital Partners.
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Second Avenue Capital Partners Arranges Credit Facilities to Finance the Acquisition of True Religion
January 14, 2025Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with Alpha Wave Global and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”).
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BizCap® Welcomes Michael Hengl as Managing Director
January 14, 2025BizCap®, a national commercial finance and advisory firm, is excited to announce that Michael Hengl has joined the team as Managing Director, based in San Francisco
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Zaroff & Zaroff Partners Move Their Practice To Moritt Hock & Hamroff
January 14, 2025Moritt Hock & Hamroff announced today that Ira S. Zaroff and Richard M. Zaroff have joined the firm’s growing Litigation practice, working out of its New York City office. Ira joins the firm as a Partner while Richard joins as Senior Counsel. They previously served as founding partners of Zaroff & Zaroff, a boutique New York complex commercial litigation firm.
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Crown Partners Arranges $30 Million in Senior Debt for a First Time ABL Borrower
January 14, 2025Crown Partners’ latest Case Study discusses the successful arrangement of $30 Million of senior debt for a first-time ABL borrower. The client, a sponsor-backed industrial manufacturer, sought to leverage their asset base to support growth ambitions.
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GenNx360 Capital Partners Announces Key Promotions Reflecting Commitment to Team Growth and Excellence
January 14, 2025GenNx360 Capital Partners ("GenNx360"), a New York-based private equity firm investing in middle-market business services and industrial companies, is thrilled to announce the promotions of Reece Zakarin to Vice President and Miles Williams to Senior Associate effective immediately.
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Amerisource Closes $3,500,000 Senior Credit Facility for Texas Venture Capital Firm
January 14, 2025Amerisource Business Capital is excited to announce the successful closing and funding of a $3,500,000 senior credit facility for a Texas-based private equity firm specializing in technology consulting and investment.
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Marco Prescribes $10 Million ABL Facility for Pharma Distributor
January 14, 2025Marco has recently funded a $10 million Asset-Based Lending (ABL) revolving facility for a pharmaceutical wholesaler that sells to independent pharmacies across the US. This significant financing, involving loans against accounts receivable and inventory, replaces a bank loan that restricted the company’s growth, and highlights Marco’s commitment to supporting all-sized businesses with innovative financial solutions.
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Siena Lending Group LLC Closes $40 Million Credit Facility For Feradyne Outdoors LLC
January 14, 2025Siena Lending Group LLC ("Siena"), a leading provider of asset-based lending solutions, is pleased to announce the closing of a new senior secured credit facility for FeraDyne Outdoors LLC ("FeraDyne" or the "Company"), a manufacturer and wholesaler of leading brands in outdoor hunting gear and archery.
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Ramirez Asset Management Acquires $500 Million Private Credit Strategy Team From Avenue Capital Group
January 14, 2025Ramirez Asset Management, Inc. (“RAM”), a $12+ billion fixed income and equity investment manager serving institutional investors and high net worth investors, recently acquired the private credit opportunities strategy team and their assets from hedge fund manager Avenue Capital Group.
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