- Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
- Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
- LA Times Studios Recognizes CohnReznick’s Rodriguez as Commercial Real Estate Visionary
- Jones Day Names 33 new Partners
- News Detail
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Gordon Brothers Acquires Durkin Group Enhancing Services to Include Field Examinations
Gordon Brothers, the global asset experts, acquired Durkin Group, a professional services firm that provides field examinations and diligence services to lenders, investors and operators in North America.
TSL Express Trending Story
Featured
The Story of Foothill Capital
In this new feature series, “The Story of,” Charlie Perer sits with the key entrepreneurs and executives who have built leading commercial finance companies to talk about the origins of their respective firms. The purpose of this series is to tell the story behind many of the most famous and dynamic firms of past, present and future. The first feature is about Foothill Capital, which, of course was acquired by Norwest in 1998 and later by Wells Fargo. The core team at Foothill went on to be leaders at Wells Fargo Capital Finance and throughout the entire commercial finance industry.
TSL Express Daily Headlines & News
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SSG Places Debt Financing for Pegasus Home Fashions
August 19, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities (collectively, “Pegasus” or the “Company”) in the private placement of a $25 million revolving credit facility with Ares Management, LLC. The financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for growth.
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King Trade Capital Upsizes Purchase Order Finance Facility to Dry Foods Manufacturer by 50%
August 15, 2024King Trade Capital (“KTC”) is pleased to announce the finance facility increase of $2.5MM for an existing dry baked goods manufacturing client.
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Cliffwater Corporate Lending Fund Announces Completion of $1.370 Billion Investment Grade Secured Notes Offering
August 15, 2024Cliffwater Corporate Lending Fund ("CCLFX" or "the Fund"), a diversified interval fund focused on consistent income through corporate middle market direct lending, is pleased to announce the closing of its seventh privately-placed Senior Secured Notes (the "Notes") offering, totaling $1.370 billion in principal amount.
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Prestige Capital Extends a $1,000,000 Facility to a Southeastern Based Technology Company
August 15, 2024A technology company that designs software for call centers required capital to support its growth. In partnership with the company's investor, Prestige Capital provided the necessary funds for this business to expand.
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Monroe Capital Supports Medusind’s Add-on Acquisitions
August 15, 2024Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors.
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ADMA Biologics Announces Partial Paydown of Revolving Credit Facility
August 15, 2024ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced it has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital.
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Cannabis Operator TerrAscend Secures $140 million Loan
August 15, 2024TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.
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BHI Provides $35 Million In Financing to Naftali Group for A 70-Story Mixed Used Development
August 14, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $35 million to Naftali Group, a leading privately held, global real estate development and investment firm, in predevelopment financing for a 70-story tower located at 1016 NE 2nd Avenue in Miami Florida.
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Sameer Kapoor Bolsters Parker Hudson’s Bankruptcy, Restructuring & Creditor Rights Practice
August 14, 2024Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is pleased to announce that Sameer Kapoor has joined the Firm’s Atlanta office as a partner in the Bankruptcy, Restructuring & Creditor Rights Practice Group.
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SLR Healthcare ABL Provides $5MM Asset-Based Revolving Credit Facility to Large Regional Home Care Agency
August 14, 2024SLR Healthcare ABL has provided a $5MM asset-based revolving credit facility to a large regional home care agency providing Medicaid personal care services to over 1,200 elderly and disabled adults.
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Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 14, 2024Charlotte-based equipment finance company closes its eighteenth asset-backed security transaction, providing funding for ongoing growth.
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eCapital Provides $15 Million Facility to Support Water Brand’s Growth Through Accounts Receivable and Inventory Financing
August 14, 2024eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company.
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Republic Business Credit Funds $4.25 Million Asset-Based Loan for Food and Beverage Manufacturer
August 13, 2024When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.
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King Trade Capital Provides a 50% Increase of Purchase Order Finance Facility to Dry Foods Manufacturer
August 13, 2024The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help.
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Avon Owner Files for Bankruptcy After Wave of Talc Cancer Claims
August 13, 2024The cosmetics company’s parent group, Avon Products, said it recently filed for Chapter 11 bankruptcy protection in the US to stave off debt pressures and the impact of looming lawsuits.
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Flatbay Capital Closes a $3.9MM Loan for Alloy Manufacturer
August 13, 2024Flatbay Capitals provided a $3.9MM sale leaseback loan to pay off company's remaining loan to the incumbent lender and provide extra cash to finance working capital.
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Davis Polk Adds Trio of Asset Management Partners
August 13, 2024Davis Polk & Wardwell is continuing its lateral expansion with a trio of asset management partners from Debevoise & Plimpton in New York.
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RelPro Achieves Inc. 5000 Ranking for Fourth Consecutive Year
August 13, 2024RelPro, a leading business development and relationship management solution for Financial & Professional Services, has been included on the Inc. 5000 list for the fourth consecutive year, distinguishing RelPro as consistently one of the fastest-growing private companies in the United States. RelPro is ranked #2710 on Inc. Magazine’s list in 2024, published today, thanks to the continued growth of its client base which now includes almost 60% of the Top 50 U.S. Banks.
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eCapital Ranks in the Inc. 5000 as One of America’s Fastest-Growing Private Companies for the Second Consecutive Year
August 13, 2024Inc. revealed today that eCapital Corp, a leading tech-enabled finance provider across North America and the United Kingdom ranks number 1968 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
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JetBlue Hit With Credit Downgrades Amid $3 Billion Debt Financing
August 12, 2024JetBlue shares tumbled Monday after the company announced plans to raise over $3 billion in debt and received credit downgrades from major credit rating agencies.
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