- B. Riley Securities Serves as Exclusive Financial Advisor to Canaan in its Acquisition of Mining Assets from Cipher Digital
- Market Sizing & Impact Study 2023
- Asset-Based Lending & Factoring Surveys
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
TSL Express Daily Articles & News
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First Citizens Bank Provides $29 Million to Onicx Group to Refinance Florida Medical Office Buildings
First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital in Florida.
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The Story of Foothill Capital
In this new feature series, “The Story of,” Charlie Perer sits with the key entrepreneurs and executives who have built leading commercial finance companies to talk about the origins of their respective firms. The purpose of this series is to tell the story behind many of the most famous and dynamic firms of past, present and future. The first feature is about Foothill Capital, which, of course was acquired by Norwest in 1998 and later by Wells Fargo. The core team at Foothill went on to be leaders at Wells Fargo Capital Finance and throughout the entire commercial finance industry.
TSL Express Daily Headlines & News
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Ares Commercial Finance Provides a $30 Million Credit Facility to InterDesign, Inc.
September 10, 2024Ares Commercial Finance announced today that it has provided a $30 million senior secured revolving line of credit to InterDesign, Inc. (“iDesign” or the “Company”). The Company, based in Solon, Ohio, is a global leader in housewares distribution, providing innovative and sustainable home organization solutions.
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Womble Bond Dickinson to Combine with Lewis Roca, Forming Powerhouse Law Firm
September 10, 2024Womble Bond Dickinson (US) and Lewis Roca announced today that the two large, multi-practice law firms have approved a combination, creating a powerhouse firm of more than 1,300 attorneys in 37 offices in the United States and the United Kingdom. The combination will provide clients with enhanced capabilities across practices and sectors, as well as the resources of an expansive geographic platform.
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BRG Further Expands in Europe with Addition of Expert Team and Offices in Rome and Milan
September 10, 2024BRG announced today the opening of offices in Rome and Milan as it expands its European footprint with a team of economists focused on regulated industries, led by Managing Director Dr Francesco Lo Passo, who joins with Managing Director Marcella Fantini and Associate Director Alessandro Greco.
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finally Raises $200M Series B with $50M Equity and $150M Credit Facility
September 10, 2024The AI-powered, all-in-one finance and HR suite, finally, today announced that it has closed a $50M Series B from PeakSpan Capital and $150M credit facility from Encina. The new capital follows the company’s $95M Series A in 2022 and additional $10M capital injection in February of this year, bringing total funds to date to $305M. Since its Series A, finally has shown annual revenue growth of 300%.
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Concrete Pumping Holdings Upsizes Asset-Based Lending Facility to $350 Million
September 10, 2024Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and concrete waste management services in the U.S. and U.K., announced that Brundage-Bone Concrete Pumping Holdings Inc. (the "Issuer"), a wholly-owned subsidiary of the Company, has amended and restated its existing ABL credit agreement (the “ABL Facility”) to provide up to $350 million (previously $225 million) of commitments and extend the maturity of the ABL Facility to September 6, 2029.
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Itafos Announces Amendment and Extension of Its Existing Credit Facilities
September 10, 2024Itafos Inc. (TSX-V: IFOS) (“Itafos” or the “Company”) announced today that it has entered into an amendment of its existing credit facilities with a syndicate of lenders led by RBC Capital Markets, pursuant to which the Company will refinance its existing $85 million loan (with $35.4 million outstanding) and its $35 million letter of credit facility.
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Stellus Capital Management, LLC Provides Unitranche Financing In Support Of DFW Capital Partners' Investment In B&A
September 10, 2024Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided debt financing and an equity co-investment in support of DFW Capital Partners' ("DFW") investment in B&A (the "Company"), a leading information technology systems integrator on behalf of government agencies.
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Aggreko Energy Transition Solutions Closes $66 Million Financing for its Growing C&I and Community Solar Portfolio
September 10, 2024Aggreko Energy Transition Solutions (ETS), a division of Aggreko, a global leader in energy solutions, today announced the successful closing of a $66 million term loan financing for a 88.5-megawatt (MWdc) diversified portfolio of C&I and community solar assets.
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Buyerlink Secures $41 Million Debt Facility with Citigroup
September 10, 2024Buyerlink, a leading online auction marketplace for performance-based marketing, today announced it has secured a new $41 million debt facility with Citigroup (Citi). This new financing arrangement bolsters Buyerlink's capital structure, enabling it to continue to pursue growth strategies both organically and through strategic acquisitions.
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OHA is Administrative Agent & Lead Left Arranger of Private Unitranche Financing Supporting Carlyle’s Acquisition of Worldpac
September 10, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger of a private unitranche facility to support Carlyle’s acquisition of Worldpac, Inc. (“Worldpac”), a formerly fully owned subsidiary of Advance Auto Parts, Inc.
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Solifi Named Among Top Fourteen Fast Track FinTech Winners on 2024 IDC FinTech Rankings
September 10, 2024Solifi, a global fintech software partner for secured finance firms, announced it was listed among the top fourteen Fast Track FinTech winners, as well as an IDC Fintech Top 100 company. The 21st annual vendor ranking recognizes the world’s leading hardware, software and service providers in the financial services industry.
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Mitsubishi HC Capital America Collaborates with the Seismic Group and PulPac to Finance Sustainability Equipment and Technology
September 10, 2024Mitsubishi HC Capital America, a leading provider of financing solutions, announces a strategic relationship with the Seismic Group, a US-based leader in sustainability, supply chains, logistics, and procurement and PulPac, the technology owner and licensor of packaging comprised of dry molded fiber.
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Alpine Ridge Funding Provides $5 Million Credit Facility to Global Logistics Company
September 10, 2024Alpine Ridge Funding ("ARF") is pleased to announce the closing of a $5 million senior secured credit facility to an East Coast based logistics provider of importing, freight forwarding and warehousing services nationwide and globally.
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Monroe Capital Supports PrecisionX Group’s Add-on Acquisitions
September 10, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of Ditron, Inc. (“Ditron”) and MSK Precision Products, Inc. (“MSK”) by PrecisionX Group (“PrecisionX”), an existing portfolio company of CORE Industrial Partners.
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QuickFi® Wins Best Embedded Finance Solution at the 2024 Finovate Awards
September 10, 2024QuickFi® is honored to win Best Embedded Finance Solution at the 2024 Finovate Awards. QuickFi makes business equipment financing fast and efficient for global OEMs, banks, and small business borrowers.
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Cerebro Capital Facilitates Over $150MM in Financings for 13 Companies
September 9, 2024Cerebro Capital recently announced they had facilitated over $150MM in financings for 13 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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Cerebro Capital Facilitates Over $150MM in Financings for 13 Companies
September 9, 2024Cerebro Capital recently announced they had facilitated over $150MM in financings for 13 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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First Citizens Bank Serves as Co-Lead Arranger on $300 Million Credit Facility for Swift Current Energy
September 9, 2024First Citizens Bank today announced that its Energy Finance business served as co-lead arranger on a $300 million senior secured credit facility for Swift Current Energy, a leading North American clean energy platform.
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North Avenue Capital Expands Small Business Lending Nationwide with SBA 7(a) Loans
September 9, 2024- North Avenue Capital, a leader in innovative financing solutions for rural America, is making a significant addition to its lending products thereby extending its reach into urban and suburban communities. As of July 1, 2024, North Avenue Capital is now offering SBA 7(a) loans nationwide, doubling down on its government-guaranteed lending expertise while broadening its service to small businesses beyond rural America.
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Wallis Bank Expands Texas Footprint With the Opening of New Sugar Land Branch
September 9, 2024Wallis Bank is excited to announce the opening of its new full-service branch in Sugar Land, Texas. The branch officially opened on August 28, 2024, marking another significant milestone in Wallis Bank's commitment to supporting the growth and financial well-being of communities across Texas.
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