- SSG Advises Navidea Biopharmaceuticals in the Sale of Substantially All Assets to Cardinal Health
- Prestige Capital Appoints David B. Culotta as Chief Operating Officer
- Marathon Asset Management Announces $615 Million Aircraft Securitization
- Gordon Brothers Retained by Grocery Outlet to Market Retail Leasehold Opportunities as Part of Store Portfolio Optimization
- J D Factors Provides $9.9 Million in New Factoring Facilities to 34 New Clients in January
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Neiman Marcus Group Announces Amendment and Extension of its ABL Credit Facility
Neiman Marcus Group announced that on October 27, 2023 it entered into a Fourth Amendment (the "Amendment") to the Credit Agreement governing the Company's $900M asset-based lending facility (the "ABL Facility"), led by Bank of America, N.A. as Administrative Agent and Collateral Agent, which amends the Company's existing Credit Agreement, dated as of September 25, 2020 (as amended, the "Credit Agreement").
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Cybersecurity: What Lenders Need to Know
Business disaster is only a click away. Cyberattacks are becoming an epidemic affecting all businesses. A single mishap can critically impair business operations or even shut down operations entirely resulting in catastrophic financial and reputational damage.
TSL Express Daily Headlines & News
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Nada Secures up to $25 Million Revolving Credit Facility from Kawa Capital Management to Accelerate Growth of its Home Equity Investment Platform
October 8, 2024Nada, a leading fintech company offering homeowners debt-free access to home equity, has secured an up to $25 million revolving credit facility from Kawa Capital Management, an alternative asset management firm with over $3 billion in assets under management and renowned for its expertise in structured real estate and credit markets.
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Smart Eye Expands its Credit Facility
October 8, 2024Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) Smart Eye has entered into an agreement on market terms with an independent credit market actor group, enabling the company to secure a total credit facility of SEK 150 million.
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Top Rank for Wolters Kluwer in Newsweek’s Survey on Most Trustworthy Companies in the World
October 8, 2024Wolters Kluwer, a leading provider of professional information and software solutions, is proud to announce its number two ranking in the global Business & Professional Services Category on Newsweek's World's Most Trustworthy Companies list.
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DC BLOX Raises Additional Capital and Secures $265 Million Green Loan
October 8, 2024DC BLOX, a leading provider of interconnected data centers, today announced it has raised incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit. The funding will enable the deployment of over $1 billion of total capital to finance future construction and the development of powered-land banking opportunities, reinforcing DC BLOX’s market position as a hyperscale-ready data center platform.
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CapitalPlus Financial Provides $500,000 Factoring Facility to Interior Finishing Contractor, Allowing Expansion Amid Payment Delays
October 8, 2024CapitalPlus Financial Services, a leading provider of construction factoring solutions, is proud to announce the successful funding of a $500,000 factoring facility for an Illinois-based interior finishing contractor.
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PlainsCapital Bank Welcomes Sara Brooke Burnside
October 8, 2024PlainsCapital Bank is pleased to announce that Sara Brooke Burnside has joined its Houston lending team as Senior Vice President, Senior Commercial Loan Officer. She will be based at the Bank’s Richmond Avenue location at 2925 Richmond Avenue, Suite 100.
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Loeb Helps Struggling Gear Manufacturer with Strategic Ongoing Concern Liquidation Sale
October 8, 2024Loeb, a leader in providing tailored financial solutions, has successfully assisted a Wisconsin-based gear manufacturing company in navigating severe financial difficulties. Facing an urgent need to liquidate its business, the company turned to Loeb for a swift and effective resolution.
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Amerisource Business Capital Celebrates 40th Milestone Anniversary
October 8, 2024Amerisource Business Capital, a recognized leader in the private credit industry, proudly commemorates four decades of excellence and client-centric service as it celebrates its 40th milestone anniversary.
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SG Credit Partners Announces a Senior Debt Investment in Shipwell
October 8, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with Shipwell, a scalable multimodal transportation management system (TMS) that empowers shippers to plan, rate, ship, and manage supply chain operations across all modes — including parcel, truckload, LTL, VTL, bulk, rail, intermodal, and ocean.
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Wiggin and Dana Continues Rapid Growth of Restructuring Practice with Addition of Restructuring Professionals Scott Griffin and Frank Eaton
October 8, 2024Wiggin and Dana LLP announced the addition of veteran restructuring attorneys Scott Griffin and Frank Eaton to the firm’s expanding Restructuring Practice. The addition of Griffin and Eaton continues the firm’s trajectory of expansion in sophisticated restructuring work and follows the firm’s addition of Florida-based restructuring partner Tamara Van Heel in July.
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Ares Management Corporation to Acquire GCP International
October 8, 2024Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing capital commitments to certain managed funds, in a transaction valued at $3.7 billion.
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AFC Gamma Provides Story of Maryland with $41 Million Senior Secured Credit Facility
October 8, 2024AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced that it has committed and funded $41 million to a senior secured credit facility to Story of Maryland, LLC (“Story MD”), a leading, vertically integrated operator in Maryland. Story MD intends to use the proceeds from the credit facility to refinance existing debt and provide working capital.
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Valiant Energy Solutions Partners with Cambridge Savings Bank’s Asset-Based Lending Team to Expand M&A Capabilities and Deliver Innovative Total Energy Solutions
October 8, 2024Valiant Energy Solutions, a trusted name in energy services with a 60-year legacy throughout Connecticut, is excited to announce a strategic partnership with Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets.
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BrightNight Closes $440 Million Strategic Investment from Goldman Sachs Alternatives, Upsizes Corporate Credit Facility to $400 Million
October 8, 2024BrightNight, the next-generation renewable power producer built to deliver clean and dispatchable power solutions, today announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives.
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Great Rock Capital Closes Term Loan Facility with Pennex Aluminum
October 7, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured term loan facility with Pennex Aluminum (“Pennex”).
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Gateway Trade Funding Completes 19 Stretch Finance Transactions Totaling More Than $4,100,000
October 7, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that it has recently completed the following stretch finance transactions: A $100,000 facility for a charter school; a $150,000 facility for a radio manufacturing company.
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Sallyport Commercial Finance Provides Staffing Startup with $500,000
October 7, 2024Sallyport Commercial Finance announced it provided $500,000 in accounts receivable facility to a staffing industry startup. Facing rapid contract growth in their early stages, the company sought funding to bridge working capital gaps and support payroll operations.
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SLR Business Credit Adds Braff as Managing Director of Business Development
October 7, 2024SLR Business Credit announced today that David Braff has joined the company as a Managing Director of Business Development. Braff is the newest addition to the SLR Business Credit team. Based in the San Francisco Bay Area, he will assist in expanding the Company’s presence by providing asset-based lending and invoiced-based financing.
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LSQ Creates $2.5MM Invoice Finance Facility for CA-based Telecom Hardware Company
October 7, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company.
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Rocky Mountain Chocolate Factory Enters Into New $6 Million Credit Facility
October 7, 2024Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the “Company”, “we”, or “RMCF”), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has entered into a new three-year $6 million credit agreement with RMC Credit Facility, LLC, a special purposes investment entity affiliated with current RMCF board member Steve Craig.
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