- PNC Receives Regulatory Approvals for Acquisition of FirstBank
- Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- Victory Park Capital Announces New Warehouse Facility with Zip, Expanding Long-Standing Partnership
- 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
Finacity Facilitates USD 50 Million Receivables Securitization for Kudelski S.A.
Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS.
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Crypto-Based Lending and the 2022 UCC Amendments
In this article, the author revisits cryptocurrency-based lending and how the 2022 UCC amendments provide welcome clarity to lending transactions involving digital assets.
TSL Express Daily Headlines & News
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DataCore Secures US$60 Million in Funding to Accelerate Growth and Innovation
July 22, 2024DataCore Software, an industry leader in the data infrastructure and management space, has achieved a significant milestone by raising US$60 million in a financing round led by Vistara Growth, a provider of flexible growth capital to innovative technology companies.
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Davis Polk Welcomes Sponsor Finance Partner Nick Caro
July 22, 2024Mr. Caro represents a wide range of clients, including private equity firms and their portfolio companies, public and private companies, family offices, private wealth funds, and other issuers and investors.
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NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)
July 22, 2024Dot Energy®, a leading developer of community-scale clean energy projects, today announced the closing of a new $25 million revolving credit debt facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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goeasy Ltd. Announces Increase to Revolving Credit Facility
July 22, 2024goeasy Ltd. (TSX: GSY), ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, announced today that it has completed an amendment to increase its existing senior secured revolving credit facility (the "Credit Facility"), including a term extension, borrowing enhancements and the addition of three new lenders.
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Litigation Lending Services Announces a New $35 Million Credit Facility
July 22, 2024Litigation Lending Services (LLS), a pioneering force in the litigation funding industry for over 25 years, proudly announces the completion of a strategic $35 million credit facility with a leading Australian based global alternative asset manager. This credit facility further bolsters the Company’s robust financial structure in tandem with its existing fund and balance sheet.
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Autoliv Secures $125 Million Revolving Credit Facility
July 22, 2024Autoliv (NYSE:ALV) Inc., a global leader in automotive safety systems, has entered into a $125 million revolving credit agreement with Standard Chartered (OTC:SCBFF) Bank, announced on Thursday. The five-year facility, which matures on May 23, 2029, will bolster the company's financial flexibility and support general corporate functions.
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Wingspire Capital Agents $110 Million Revolver to Phillips Pet Food & Supplies
July 22, 2024Wingspire Capital agented a $110 million senior secured revolving credit facility to Phillips Pet Food & Supplies. The credit facility was used to refinance existing debt and provide enhanced liquidity as the business continues to grow and expand its brand offering.
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Trinity Capital Inc. Funds Record $474 Million in the First Half of 2024
July 22, 2024- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter,
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WSFS Announces Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management
July 22, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management, reporting to Michael Dzielak, Senior Vice President, Director of Financial Crimes.
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Whitney Ehrlich Joins H.I.G. Capital as Head of U.S. Private Wealth Management
July 22, 2024H.I.G. Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that Whitney Ehrlich has joined the firm as Managing Director and Head of Private Wealth Management in its Capital Formation Group.
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TPG Angelo Gordon to Provide Exclusive Growth Capital for Andover Storage Lending
July 22, 2024TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, is excited to announce that it is serving as the exclusive financing partner of Andover Storage Lending, a recently launched platform that seeks to originate non-recourse financing for self-storage sponsors nationally. This partnership meaningfully expands TPG Angelo Gordon’s relationship with Andover Properties, a leading owner and operator of storage properties nationwide.
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Terminated Private Equity Deal Downtrend Signals Improving M&A Climate
July 22, 2024The number of terminated private equity-backed deals globally fell 86.2% year over year to just four in the second quarter, according to data from S&P Global Market Intelligence The decrease in terminated deals suggests a stronger closing momentum in recent periods, as buyers and sellers bridge valuation gaps more effectively.
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Cart.com Secures $105 Million in Debt Refinancing from BlackRock
July 22, 2024Cart.com (the “Company”), a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill wherever their customers are, today announced it has secured a $105 million term loan facility provided by funds and accounts managed by BlackRock (“BlackRock”).
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Slope, AI-Led B2B Payments Platform, Secures $65 Million Strategic Equity and Debt Funding Provided by J.P. Morgan and Others
July 22, 2024Following continued strong traction and robust demand, Slope has closed an additional financing round, taking total funding to $252M ($77M in equity and $175M in debt). The funding will be used to scale operations as the B2B payments platform continues serving many of the world’s largest enterprises. Alongside J.P. Morgan Payments, other participants in the round include Y Combinator, Jack Altman, and Max Altman’s new fund, Saga.
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Lloyds Bank and Oaktree Partner to Launch a New Direct Lending Facility
July 22, 2024Lloyds Bank and Oaktree Capital Management, L.P. have today announced a strategic partnership (the “Partnership”) to support UK middle-market sponsor-backed borrowers. Lloyds Bank Structured Debt Finance team will partner with Oaktree’s European Private Debt platform to provide clients with a comprehensive senior debt solution for new buyouts and refinancings with term debt, acquisition and working capital facilities in addition to agency and full ancillary product services.
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Health Catalyst Announces New Credit Facility for up to $225,000,000
July 18, 2024Health Catalyst, Inc. ("Health Catalyst" or the "Company") (Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced it has entered into a five-year term loan facility for up to $225,000,000 (the "Credit Facility" or the "Financing") with Silver Point Finance, the direct lending business of Silver Point Capital, L.P.
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Cambridge Wilkinson Investment Bank Closes $90MM Credit Facility for Infrastructure Development Company
July 18, 2024Cambridge Wilkinson is pleased to announce the close of a $90 Million credit facility for a fast-growing North American infrastructure development company. This facility will support the company's strategic expansion plans and will increase their capacity to acquire and develop prime assets
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Stellantis Announces Successful Amendment and Maturity Extension of €12 Billion Syndicated Revolving Credit Facility
July 18, 2024Stellantis N.V. announced today that it has successfully extended the maturity and amended its syndicated revolving credit facility (“RCF”) of €12.0 billion, originally signed in July 2021.
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Ascend Wellness Holdings Closes $235 Million Private Placement of Senior Secured Notes
July 18, 2024Ascend Wellness Holdings, Inc. ("AWH," "Ascend" or the "Company") (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, is pleased to announce that it has closed its previously announced private placement of $235 million of 12.75% Senior Secured Notes due 2029 (the "Notes").''
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Blank Rome Bolsters Energy Industry Team in Houston and Pittsburgh with Leading Transactional Group
July 18, 2024Blank Rome LLP is pleased to announce that Ryan T. Purpura, Matthew “Matt” D. Lea, and Ryan A. Haddad have joined the firm as partners and members of the Energy industry team. All three partners bring significant experience in the energy sector, with a focus on oil and gas and related energy transactions, financings, and project development.
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