- Enrique Glotzer Joins BRG as Managing Director in Energy & Climate Practice
- First Citizens Bank to Expand Commercial Solutions and Align Brand Names in Q4 2026
- QuickLogic Establishes New Banking Relationship and Secures $10 Million Revolving Credit Facility
- Texas Capital Announces Strategic Leadership Appointments
- Baylin Technologies Announces Extension to its Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Commercial Finance Partners Promotes Buanno to President
Commercial Finance Partners, a Boca Raton-based direct lender and debt advisory firm, has promoted John Buanno to President. John Buanno has been with Commercial Finance Partners since 2019, leading the growth of the company’s direct lending platform; tripling the client volume since his arrival.
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SFNet Wins Safe Harbor Fight in California
Last Tuesday, the California Assembly Judiciary Committee voted in favor of a measure that will amend the CA SB 1235 disclosure law to provide an explicit safe harbor protecting asset-based lenders and factors who provide a good faith estimate of APR in compliance with the regulations from any liability should that estimate differ from the actual APR. The measure now moves to a vote in the Assembly and is expected to be signed by the governor by mid-July. This was a critically important concession given the fundamental challenges SFNet has contended exist in using APR as a basis of comparison for secured finance products.
TSL Express Daily Headlines & News
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Monroe Capital Supports Relevate Health Group’s Acquisition of Level Ex Games Pharma and Life Sciences Division
October 1, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of the Level Ex Games (“Level Ex”) pharma and life sciences division by Relevate Health Group (“Relevate”), an existing portfolio company of Mountaingate Capital.
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Crown Partners Serves as Exclusive Financial Advisor on $175 Million Senior Debt Recapitalization
October 1, 2024Crown Partners announced that it served as exclusive financial advisor to a sponsor-backed distributor of a wide range of home services products (the “Company”). In connection with this mandate, Crown arranged a new $75 million ABL revolver for the Company with Siena Lending Group, and restructured an existing $100 million term loan from the Company’s cash flow term lender.
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Sallyport Commercial Finance Provides Canadian Logistics Leader With $3M in Growth Finance
October 1, 2024Sallyport Commercial Finance is proud to announce the successful funding of $3,000,000 in accounts receivable financing to a leading Albertan logistics and freight company serving the oilfield services industry. The client required the funds to support its daily working capital needs, facilitating continued growth and operational scalability.
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Beacon Pointe Advisors Bridges New Opportunities Through Further Acquisitions
October 1, 2024Beacon Pointe Advisors ("Beacon Pointe") unveils its latest acquisitions of Bridge Advisory with offices in Pasadena, CA, and Newport Beach, CA, and Charleston Investment Advisors in Mt. Pleasant, SC. Bridge Advisory currently oversees approximately $460M and Charleston Investment Advisors manages $140M in client assets, bringing Beacon Pointe's total assets under advisement to just shy of $37B, resulting in four total RIA transactions in 2024 thus far.
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Byline Bancorp, Inc. and First Security Bancorp, Inc. Announce Definitive Merger Agreement
October 1, 2024yline Bancorp, Inc. (“Byline”) (NYSE: BY), and First Security Bancorp, Inc. (“First Security Bancorp”) today jointly announced that they have entered into a definitive merger agreement pursuant to which First Security Bancorp and its wholly owned subsidiary, First Security Trust and Savings Bank (“First Security”), will combine with Byline Bancorp, Inc. in a cash and stock transaction valued at approximately $41.0 million based upon Byline’s closing stock price as of September 27, 2024.
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Dean Dulchinos Joins ORIX USA as Head of Real Estate Credit
October 1, 2024ORIX Corporation USA (ORIX USA) announced today the appointment of Dean Dulchinos as Managing Director and Head of Real Estate Credit. Mr. Dulchinos is based in New York and reports to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee.
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Mizuho and Golub Capital Announce Strategic Partnership
October 1, 2024Mizuho Financial Group, Inc. (together with its affiliates, “Mizuho”) and Golub Capital LLC (together with its affiliates, “Golub Capital”) today announced a strategic partnership.
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Team, Inc. Announces Amendment and Maturity Extension of Its ABL Credit Facility
October 1, 2024Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, announced today that it has executed an amendment to its existing ABL credit facility, which consists of a $130 million revolving credit facility (the “Revolver”) and a $27.4 million term loan secured by certain real estate and machinery and equipment.
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Alkegen Announces New Capital Infusion to Support Growth
October 1, 2024Alkegen, a global specialty materials platform providing high performance materials used in advanced applications and a portfolio company of Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced the closing of a refinancing transaction of its outstanding debt.
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Casella Waste Systems, Inc. Announces Closing of $1.5 Billion Amended and Restated Credit Facility
October 1, 2024Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, today announced that it has entered into a $1.5 billion amended and restated credit agreement with Bank of America, N.A. as administrative agent and lender and a syndicate of other lenders (the “Credit Facility”).
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Salute Announces Investment from New Mountain Capital to Support Data Center Growth Trajectory
October 1, 2024Salute Holdings, LLC (“Salute” or the “Company”), a leading provider of integrated asset management services for the data center industry, today announced it has received a majority investment from funds managed by New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York.
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Wayfair Announces Proposed Offering of $700 Million Senior Secured Notes
September 30, 2024Wayfair Inc. (NYSE: W) (the "Company," "we" or "Wayfair") today announced that its subsidiary, Wayfair LLC (the "Issuer"), intends to offer, subject to market and other conditions, $700 million in aggregate principal amount of senior secured notes due 2029 (the "Notes") in a private offering.
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SLR Investment Corp. Announces Acquisition of Factoring Business
September 30, 2024SLR Investment Corp. today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (“SLR-BC”) acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.’s Commercial Services Division (“Webster”) in an asset purchase that includes a team of professionals and a seasoned portfolio.
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Aethon United Announces Completion of Amended Credit Agreement
September 30, 2024Aethon United BR LP (“Aethon United,” “we,” “us” or “our”) on September 27, 2024 entered into an Amendment No. 18 (the “Amendment”) to that certain Credit Agreement, dated as of July 1, 2016, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and certain lenders.
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The AZEK Company Announces ABL and Term Loan Refinancing
September 30, 2024The AZEK Company Inc., the industry-leading designer and manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, announced the entry into a new credit agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders and financial institutions party thereto, the arrangement of which was led by Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. as joint bookrunners.
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First Bank Announces New Client Relationship
September 30, 2024First Bank announced its most recent new client relationship – a $12MM working capital revolving line of credit to a Distributor of seamless fabrics and accessories located in Randolph, NJ.
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Celtic Capital Corporation Provides Funding for Central Midwest Hex Key Manufacturer
September 30, 2024Due to recent covenant violations, their current bank sought to exit the relationship. Celtic Capital was referred in and approved a $3,000,000 accounts receivable line of credit, a $1,500,000 inventory line of credit and an equipment loan of $397,600 to repay the bank in full and provide ongoing working capital.
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Cascade Private Capital Fund Announces Completion of $250 Million Revolving Credit Facility
September 30, 2024Cascade Private Capital Fund ("CPEFX" or "the Fund"), an interval fund providing access to private capital, has announced the closing of a senior secured revolving credit facility with JPMorgan Chase Bank, N.A. ("JPMorgan").
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White Oak Commercial Finance Provides a $120 Million Senior Secured Credit Facility to Sauder Woodworking
September 30, 2024White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, closed a new $120 million 3-year Senior Secured Credit Facility with Sauder Woodworking, a Midwest-based manufacturer and distributor of ready-to-assemble furniture and custom manufacturing furniture solutions with operations throughout the United States and Canada, acting as Sole Arranger and Bookrunner.
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Welltory Closes $3 Million Credit Facility from Braavo Capital to Invest in Platform Expansion
September 30, 2024Welltory, the leading all-in-one personalized health and wellness app, is pleased to announce it has closed a $3 million credit line with Braavo Capital. The funding will empower Welltory to invest deeper into its strategic product and market growth to become the leader in the preventative and people-centric care categories.
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