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SFNet's International Lending Conference (ILC) brings together some of the most interesting players on the international lending scene for discussions and insights into what lies ahead. This year’s Conference will be held at DLA Piper Offices, May 9-11, 2023.
“War, energy crisis, high inflation, synchronized interest rate hikes and stagnation in China, should have pushed the European economy in a deep recession,” said economist and journalist, Dr. Mathijs Bouman, who will kick off the Conference. “But, the old continent is more resilient than many feared and the downturn could turn out to be shallow and short-lived. But new challenges lay ahead for European industries: the structurally tight labor market, trade and investment wars and fragmentation of the world economy and the rising costs of climate policy.”
TSL Express Daily Headlines & News
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Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility
September 16, 2024Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs has completely replaced Goldman Sachs’ participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank.
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Concord Summit Capital and 3650 REIT Close $83 Million Midconstruction Loan for Westchester County Mixed-Use Residential and Retail Development
September 16, 2024Concord Summit Capital, LLC (“Concord Summit”), a nationally prominent real estate investment banking company, has closed on $83 million in construction financing for completion of a mixed-use residential and retail project in New Rochelle, N.Y.
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Wolters Kluwer Introduces BizFilings Podcast Series for Businesses Navigating U.S. Corporate Transparency Act Reporting Rule
September 16, 2024Wolters Kluwer has developed a series of informative podcasts under its BizFilings brand to promote a greater understanding among owners of small business entities that are subject to the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting rule.
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nFusion Capital Provides $8 Million Factoring Line to a High-Tech Mug Distributor
September 16, 2024nFusion Capital announced it provided an $8 million factoring line to a high-growth and high-tech mug distributor using patented temperature control technology to keep beverages at a continuously precise temperature.
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MidCap Financial Provides Senior Secured Credit Facility to Sunshine Behavioral Health
September 16, 2024MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Sunshine Behavioral Health Group LLC (“Sunshine” or “Company”). Proceeds from the credit facility will refinance existing debt and support Sunshine’s growth and ongoing working capital needs.
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Cornerstone Capital Bank Among Fastest Growing Banks in the Nation
September 16, 2024Two years after its formation, Cornerstone Capital Bank, a preeminent national provider of mortgage origination and servicing solutions and consumer, commercial and institutional banking services, has defied market trends to become one of the fastest growing banks in the country.
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JPalmer Collective Fuels 8Greens’ Growth
September 16, 2024JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, today announced the closing of a line of credit to 8Greens, a female-founded company dedicated to promoting health & wellness through its innovative dietary supplements.
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Commercial Finance Partners Successfully Closes Four New Factoring Transactions
September 16, 2024Commercial Finance Partners (CFP) is proud to announce the recent funding of four new factoring facilities, each addressing the specific financial needs of our growing client base. These transactions highlight CFP’s expertise in navigating complex situations to deliver timely and effective funding solutions.
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Trinity Capital Inc. Provides $30 Million in Growth Capital to Slingshot Aerospace
September 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $30 million in growth capital to Slingshot Aerospace ("Slingshot"), a leader in AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation.
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TAB Bank Backs Dirty Dough’s Sweet Success with $2 Million Working Capital Facility
September 16, 2024TAB Bank has announced the closing of a $2 million working capital facility for Dirty Dough, a rapidly expanding gourmet cookie company based in Lindon, Utah. The financing will provide Dirty Dough with the ingredients to support its continued growth and nationwide expansion.
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Horizon Technology Finance Provides $35 Million Venture Loan Facility to GT Medical Technologies
September 16, 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 $35 million venture loan facility to GT Medical Technologies, Inc. (“GT MedTech”), of which $15 million has been initially funded.
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Sound Point Capital Closes Third Direct Lending Fund
September 16, 2024Sound Point Capital Management, LP (“Sound Point”), a leading global alternative credit manager with more than $45 billion in assets under management, today announced the final closing of Sound Point U.S. Direct Lending Fund III (“USDL III” or the “Fund”), its largest direct lending fund to date, with $1.2 billion of total investable capital.
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Switch Secures $5 Billion in New Debt Financing
September 16, 2024Deal includes $4.25 billion sustainability-linked borrowing base facility, along with an expanded corporate revolving credit facility upsized to $770 million, strategically positioning Switch for growth at the forefront of enterprise, hyperscale cloud and AI opportunities.
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Grant Thornton Survey: M&A Professionals Predict a Rise in Deal Volume
September 16, 2024A new survey from Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax, and advisory services, shows that professionals in the mergers and acquisitions (M&A) space are predicting an increase in deal volume, even with the uncertainty of the looming U.S. presidential election.
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Ascension Advisory Facilitates Build-to-Suit for Oxbo International’s 195,000 Square Foot Facility in Bergen, New York
September 16, 2024Geis Development, one of the leading national Build-to-Suit developers is preparing to break ground on a new 195,000 square foot fabrication and assembly facility on behalf of Oxbo International in Bergen, New York. Oxbo is headquartered in Roosendaal, Netherlands, and operates manufacturing facilities throughout North America and Europe.
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SSG Advises Eiger BioPharmaceuticals Inc. in the Sale of Lonafarnib and Lambda Program Assets to Eiger InnoTherapeutics, Inc.
September 16, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Eiger BioPharmaceuticals, Inc. (“Eiger” or the “Company”) in the sale of Lonafarnib and Lambda, and associated clinical assets to Eiger InnoTherapeutics, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division).
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Helicap Closes Largest Credit Facility Yet with Xendit's XenCapital: USD$50 Million to Empower Southeast Asian Businesses
September 12, 2024Helicap, a leading fintech platform provider specialising in emerging markets, is proud to announce the successful facilitation of a credit facility with XenCapital, the lending arm of Xendit, a fintech unicorn with operations across Southeast Asia and which has raised US$515million in venture capital funding.
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Valley Bank’s New Jersey Commercial Banking Team Closes a $150 Million Syndicated Credit Facility to Green Thumb Industries Inc.
September 12, 2024Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ: VLY), announces the closing of a $150 million five-year Senior Secured Term Loan Facility to Green Thumb Industries Inc. (“Green Thumb or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries.
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Capital Southwest Increases Corporate Credit Facility to $485 million
September 12, 2024Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an increase to the total commitments under its senior secured credit facility (the “Corporate Credit Facility”).
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Clifford Chance Adds Capital Markets Partner Om Pandya in Houston
September 12, 2024Pandya has deep knowledge of the energy and infrastructure sector and has also been involved in many significant M&A transactions. His appointment further strengthens the firm's global Capital Markets offering in the US and builds on breadth and depth of the team in Houston.
The Secured Lender
SFNet's The Women in Secured Finance Issue



