- TSL Feature Articles
- Runway Growth Capital Provides a $40 Million Growth Investment to CarNow
- Maxim Commercial Capital Reports Strong Loan Volume in Q1 2024
- Aequum Capital Provides $9.1MM in Credit Facilities to a Leading Metal Stamping Company
- New York Community Bancorp, Inc. Bolsters Executive Team with Four Strategic Appointments
TSL Express Daily Articles & News
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Today's Top Story
Featured
Norton Rose Fulbright Adds Restructuring Partner in New York
Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.
TSL Express Trending Story
Featured
Muskets and Drones: The Need for Super Regional Banks
In 2023 the SVB crises brought Super Regional Banks into the national spotlight. Countless stories were run speculating on the viability of many, but few addressed the how and why many of these banks came to be. The rise, creation and further consolidation of Super Regionals is a story worth telling and one that will likely continue to play out in 2024 in a meaningful way.
TSL Express Daily Headlines & News
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Alasdair Trotter Joins Grant Thornton as National Managing Principal of Growth Advisory
March 4, 2024Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, today announced that Alasdair Trotter has joined the firm as national managing principal of Growth Advisory within the Advisory Services practice. Trotter assumes the role from interim leader Scott McGurl, a longstanding principal who will continue to provide transaction advisory services to clients.
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Solifi Announces the Launch of 2024 Global Leasing Report
March 4, 2024Solifi, a global fintech software partner for secured finance, announced the release of the 2024 Global Leasing Report. This coveted digital publication details the trends, economic projections and insights into the top 50 leasing markets worldwide. This is the 18th edition that Solifi has partnered with the World Leasing Yearbook to distribute the report, which is available for download free of charge.
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MidFirst Business Credit Announces New Lending Relationship with Cooney Brothers LLC
March 4, 2024MidFirst Business Credit (MFBC) announced it has recently provided working capital and term facilities to Cooney Brothers LLC (“Cooney Bros”). Headquartered in Plymouth Meeting, PA, Cooney Bros is a distributor of pipe, valves and fittings, and other custom welded piping products for OEMs and for use in the pharmaceutical, food & beverage, power generation, marine, chemical and plastics industries.
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Greystone Monticello Provides $37 Million in Financing for Build-to-Rent Portfolio in Arizona, Cushman & Wakefield Represents Buyer
March 4, 2024Greystone Monticello and Cushman & Wakefield jointly announced today that the firms provided financing for, and represented the buyer of, respectively, a two-property portfolio of build-to-rent multifamily communities in Phoenix, Arizona.
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Trinity Capital Inc. Provides $25 Million Growth Capital To Moxe Health
March 4, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Moxe Health ("Moxe"), a leader in healthcare interoperability and clinical data exchange.
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Devonian Announces a $2.16 Million Secured Term Loan Following Repayment of $3.5 Million Long Term Loan
February 29, 2024Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD; OTCQB: DVHGF), a clinical stage botanical pharmaceutical corporation, focused on developing a unique portfolio of botanical pharmaceutical and cosmeceutical products, announced today that it has entered into a twelve (12) month term loan in a principal of $2,160,000 (the “Loan”) from Fiera Private Debt Inc. (“Fiera”), following the repayment of its $3,500,000 long term loan, which matured January 17, 2024. The Loan will be used for general corporate purposes.
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TAB Bank Names New CEO and President; Rick Bozzelli to Retire
February 29, 2024Following the decision of TAB Bank President and CEO Rick Bozzelli to retire, the Board of Directors has appointed Austin Strong, Chief Strategy Officer, as the new CEO and Tyler Heap, Chief Credit Officer, as President. This dual leadership structure is designed to continue TAB Bank toward sustained success, growth, and innovation to provide access to financial success for everyone.
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Chicago Atlantic Real Estate Finance Extends Maturity of its Revolving Credit Facility to June 2026 and Increases Size of the Accordion Feature to $150 Million
February 29, 2024Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the Fifth Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and a syndicate of FDIC-insured financial institutions to extend the maturity of its $100.0 million secured revolving credit facility (the “Revolving Loan”) and increase the accordion feature of the Revolving Loan to facilitate additional commitments up to $150.0 million.
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Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.
February 29, 2024ChargePoint (NYSE: CHPT), a leading provider of solutions for charging electric vehicles (EVs), EnTech Solutions, a division of Faith Technologies Incorporated (FTI) and a comprehensive distributed energy solutions provider, and Wells Fargo (NYSE: WFC), a leading financial services company, today announced their collaboration to offer simplified, flexible financing solutions for businesses building out charging infrastructure for EV fleets.
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Macy’s to Close 150 Namesake Stores, Prioritize Luxury Brands
February 29, 2024The announcement, accompanied with fourth-quarter results, follow a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management in December. Macy’s rejected the offer, but last week Arkhouse nominated nine directors to Macy’s board as the activist investor persists in its efforts.
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Celtic Capital Corporation Provides $1.25 Million for Manufacturer of Prefinished Doors, Trim and Custom Millwork
February 29, 2024Celtic Capital Corporation today announced its most recent new client relationship – a manufacturer of prefinished doors, trim and custom millwork for residential builders. This Company was referred to Celtic Capital by a subordinated lender to the Company that Celtic Capital has worked with previously as well as by a former client who sits on the Company’s board.
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SC&H Capital Advises Tattooed Chef in Sale of its Assets
February 29, 2024SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Tattooed Chef, Inc. (“Tattooed Chef” or “the Company”), a plant-based food company renowned for its innovative and flavorful products, has completed a sale of substantially all of its assets.
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CIBC Innovation Banking Provides Growth Capital to Drips Holdings, LLC
February 29, 2024CIBC Innovation Banking announced today that it has provided growth financing to Drips Holdings, LLC (Drips), an Akron, Ohio-based conversational outreach company that helps organizations orchestrate large scale 1:1 conversations precisely at critical moments in the customer journey.
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Titan International, Inc. Acquires Carlstar Group LLC, Enters Into a new Credit Facility
February 29, 2024Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the acquisition of Carlstar Group LLC. ("Carlstar") for approximately $296 million in a transaction consisting of cash and stock, which closed on February 29, 2024, subject to completion of the wire transfers under the purchase agreement and the issuance of the stock consideration.
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SATO Corporation has Signed a EUR 150 Million 12 year Secured Sustainability Linked Term Loan Facility with Legal & General Investment Management’s Dedicated UK and European Real Estate Debt Division
February 28, 2024SATO Corporation has signed a EUR 150 million secured loan facility with LGIM. The facility has a tenor of 12 years and has sustainability linked features which provides a margin reduction to SATO upon achieving certain sustainability performance measures. These measures align with SATO’s sustainability targets.
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SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank
February 28, 2024SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT™'s innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options.
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First Horizon Names Ashley Argo Deputy Chief Risk Officer
February 28, 2024First Horizon Corporation, (NYSE: FHN or "First Horizon") has promoted Ashley Argo to Deputy Chief Risk Officer. Argo has held multiple roles in her 19-year tenure with First Horizon Bank in various departments including Accounting, Credit and Risk Management.
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MUFG Continues to Strategically Invest in Leveraged Credit Business With Key new Hire
February 28, 2024Mitsubishi UFJ Financial Group (MUFG) announced today that Jordan Hollander has joined the bank as a Director on the High Yield Credit Research team, jointly reporting to Tim Fischer and Todd Bondy, Co-Heads of Leveraged Credit Sales & Trading.
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FirstBank Announces New CEO and COO
February 28, 2024FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good”, announced Jim Reuter is retiring from FirstBank after seven years as Chief Executive Officer (CEO) and 37 years with the organization. The board elected President, Kevin Classen, as the new CEO, and Chief Digital Officer (CDO), Kelly Kaminskas, was named Chief Operating Officer (COO).
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Thrasio Takes Steps to Strengthen Financial Position
February 28, 2024Thrasio Holdings, Inc. ("Thrasio" or "the Company") today announced that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with approximately 81% of its revolving credit facility lenders and approximately 88% of its term loan lenders that will eliminate approximately $495 million of the Company's existing debt, defer all interest payments in the first year post-emergence and infuse new capital into the Company.
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The Secured Lender
SFNet's The Women in Secured Finance Issue