- Rep. Kim Questions BPI's Baer on ABL Risk Differentiation in Basel III Reproposal and Urges Tweaks to Basel Proposal
- Market Sizing Study
- Ares Appoints Peter Ogilvie as Chief Operating Officer and Head of Strategy
- Switch Secures Landmark $2.6 Billion Syndicated Letter of Credit Facility
- Enrique Glotzer Joins BRG as Managing Director in Energy & Climate Practice
TSL Express Daily Articles & News
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Today's Top Story
Featured
Anand Rao Joins Mitsubishi HC Capital America Structured Finance Team as Managing Director, Private Credit
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Anand Rao has joined the company as Managing Director, Private Credit for the Structured Finance division.
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Anatomy of a Deal: Distilling the Right Financial Solution for a Whiskey Business
In 2020, companies across the globe experienced challenges that had previously only been hypothetical scenarios posed by business school professors. Fast forward to 2023: taking their learnings from the unprecedented events of 2020, businesses are exploring capital preservation and unique, flexible financial solutions that will support their company through the next economic challenge. Throughout this article, we will walk through how Wells Fargo completed a transaction for a new customer, working to find a solution suited to fit their needs in a unique and dynamic industry.
TSL Express Daily Headlines & News
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Wingspire Capital Provides $25 Million Revolver to Aftermarket Performance Group
November 12, 2024Wingspire Capital provided a $25 million revolver to Aftermarket Performance Group (“APG”), a leading vertically integrated wholesale distributor, e-tailer, and manufacturer for performance aftermarket parts and accessories for enthusiasts in the compact performance, Jeep, off-road, and pickup truck markets and includes top brands of Northridge 4x4, Stage 3 Motorsports, PRL Motorsports, Adams Driveshaft and Rallysport Direct.
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Climate First Bank Appoints Ryan Jaskiewicz to Lead Structured Finance Expansion
November 12, 2024Climate First Bank (www.climatefirstbank.com), the world’s first FDIC-insured digital community bank founded to combat the climate crisis, today named Ryan Jaskiewicz President of its newly-created Structured Finance division. The addition will accelerate Climate First Bank’s growth by offering customers Factoring and Asset Based Lending, in addition to other specialty finance offerings to come.
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DraftKings Adds $500M Credit Line That Incentivizes Borrowing
November 10, 2024DraftKings has opened a new $500 million credit facility, a move that will give the company easy access to more—and cheaper—liquidity should it need the money in the next few years. The new $500 million revolving credit facility, taken out this week with a syndicate led by Morgan Stanley, replaces a $125 million facility that the gaming company (Nasdaq: DKNG) entered into with Banc of California and Citizens Bank in December 2022.
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SFNet New Member Spotlight - Tauber-Arons, Inc.
November 8, 2024Founded in 1892, Tauber-Arons has been owned and operated by the same family for four generations. It is the nation's most established, experienced industrial auction company.
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ATC Managers Closes $28 Million Deal to Fund New Retail Center
November 8, 2024ATC Managers has successfully closed a $28 million construction loan to finance a new retail shopping center that is already approximately 40% pre-leased.
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Dwight Funding Deploys $250MM Across Consumer Brand Portfolio
November 8, 2024Dwight Funding ("Dwight"), an asset-based lender specializing in growth-stage consumer brands, has deployed $250 million of credit commitments year to date, including several multi-million
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Dext Capital Issues Corporate Note
November 8, 2024Dext Capital (Dext), the leading essential-use healthcare and technology equipment lessor, announced the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.
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Horizon Technology Finance Provides $10 Million Venture Loan Facility to Ursa Space Systems
November 8, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $10 million venture loan facility to Ursa Space Systems Inc. (“Ursa Space”).
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Sunrise Realty Trust Announces the Successful Closing of a Senior Revolving Credit Facility up to $200 Million with an Initial $50 Million Commitment from East West Bank
November 8, 2024Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced the successful closing of a new senior secured revolving credit facility with East West Bank serving as agent and the initial lender (the “Revolving Credit Facility”).
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Ocugen Secures $30 Million in Debt Funding
November 8, 2024Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines, today announced that on November 6, 2024, the Company entered into a new $30 million credit facility with Avenue Venture Opportunities Fund, L.P., a fund of Avenue Capital Group.
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Winston & Strawn LLP Represents SPAC Advisory Partners LLC, Inc.
November 8, 2024Winston & Strawn LLP represented SPAC Advisory Partner LLC, Inc., as underwriters' counsel, in connection with GSR III Acquisition Corp., a blank check company, in the closing of its initial public offering of 20,000,000 units.
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PPL Group Executes 2-Day Auction for the Largest Food Truck Manufacturer in the USA
November 8, 2024PPL Group executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding, and laser cutting machinery, and $1.5MM+ of kitchen appliances including refrigerators, freezers, and fryers for a Florida company who was previously the largest American manufacturer of food trucks.
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REV Capital Provides $15MM Facility to Prominent Canadian Transportation Client
November 8, 2024REV Capital (“REV”), a leading provider of cashflow solutions to growing companies in North America, announced the successful implementation of a $15MM factoring facility to a prominent transportation company in Ontario.
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Hedaya Capital Provides $750,000 Facility to Disability-Owned Business Enterprise
November 7, 2024The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. The Disability-Owned Business Enterprise (DOBE) provides temporary business professionals for the information technology, business services, engineering, manufacturing, scientific, healthcare, legal, and finance industries across multiple verticals through a centralized recruiting and delivery model.
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Steeplechase Expands Minneapolis Office
November 7, 2024Steeplechase Advisors, LLC is a nationally recognized turnaround consulting, restructuring and transaction advisory firm. We focus extensively on middle market businesses. As part of our continued growth, we are pleased to welcome Ms. Heather Rachel to our consulting team.
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First Business Bank Implements Robotic Automation In Its Accounts Receivable Financing Group
November 7, 2024First Business Bank's Accounts Receivable Financing group announces the implementation of robotic automation, powered by AI. Nicknamed "Astro," the automation system processes a substantial volume of factoring client cash transactions. The company plans to expand its implementation across multiple factoring operations in the future.
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Brad Buckley Joins Needham Bank as Senior Vice President, Senior Relationship Manager, Middle Market
November 7, 2024Needham Bank is pleased to announce that Brad Buckley has joined the Commercial & Industrial Lending (C&I) team as Senior Vice President, Senior Relationship Manager, Middle Market. Reporting to Brian Sutton, Senior Vice President, Director of Middle Market, Mr. Buckley is responsible for initiating and developing relationships with Middle Market C&I customers, actively managing loan requests from the application stage to funding.
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Orthofix Announces New Term Loan
November 7, 2024Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, today announced the entry into a new credit agreement providing the Company with up to $275 million in a senior-secured term loan with a 48-month interest only period.
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Legacy Corporate Lending Expands Spray Products Corporation’s Borrowing Capacity with $40 Million Asset-Based Credit Facility
November 7, 2024Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $40 million asset-based credit facility to Spray Products Corporation (“Spray Products” or the “Company”), a family-owned contract manufacturer of aerosol and liquid consumer products.
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Latham & Watkins Names 24 New Partners and 27 New Counsel
November 7, 2024Latham & Watkins LLP1 is pleased to announce that 24 associates have been elected to the partnership and another 27 associates have been promoted to the role of counsel, effective January 1, 2025. The associate promotions announced today follow the election of 19 counsel to the partnership earlier this year.
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