- MN8 Energy Closes Upsize and Extension of Corporate Credit Facility to $650 Million
- Commercial Finance Partners Closes Five Factoring Facilities in Five Days
- BofA Names Anthony DiBlasi San Diego President
- GA Merchant Solutions Appointed to Oversee Asset Monetization for eSolutions Furniture
- Midcap Financial Provides $95 Million Credit Facility to Made By Gather
TSL Express Daily Articles & News
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Accord Financial Hires Ryan Ray as Director, Business Development, U.S. Asset Based Finance
Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced the hiring of Ryan Ray, an experienced asset-based lending (ABL) and equipment professional to the Accord Financial team.
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Mitigating Borrowers’ Cybersecurity Risk
Financial and collateral review? Check. Appropriate lender agreements, carveouts and lien perfection? Check. Review of borrower’s cybersecurity policies and procedures? Can you repeat that? When it comes to lender due diligence and documentation, organizations are well versed with modeling, credit procedures and deal structures; however, there is a continually growing blind spot that lenders cannot afford to ignore: Cybersecurity.
TSL Express Daily Headlines & News
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Pathlight Capital Serves as Documentation Agent on $425MM SPV ABL Facility and $120MM Retail Inventory ABL Facility for The Aaron's Company
October 21, 2024Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Documentation Agent on a $425,000,000 SPV ABL facility ("SPV ABL") and $120,000,000 retail inventory ABL facility ("Retail ABL") for The Aaron's Company, Inc. ("Aaron's", or the "Company"), an omni channel provider of lease-to-own ("LTO") and retail purchase solutions of furniture, consumer electronics, and home appliances across its brands: Aaron's, BrandsMart U.S.A, BrandsMart Leasing, and Woodhaven.
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Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp
October 21, 2024Atlantic Union Bankshares Corporation (“Atlantic Union”) (NYSE: AUB) and Sandy Spring Bancorp (“Sandy Spring”) (Nasdaq: SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion.
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Portage Point Partners Announces Addition of Ryan Senter to Performance Improvement Practice
October 21, 2024Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, welcomes Ryan Senter as a Managing Director in the Performance Improvement practice.
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Staffing Powerhouse Secures $50 Million Facility from eCapital to Meet Energy Sector Demands
October 21, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the completion of a $50 million confidential factoring facility for a prominent staffing company specializing in power and energy
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M&A Disputes Report: Five Years in Review: Lessons Learned and Future Outlook
October 21, 2024Launched today, BRG’s "M&A Disputes Report: Five Years in Review – Lessons Learned and Future Outlook" examines the evolution of the M&A disputes landscape since BRG’s research into this area first launched in 2020.
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Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies
October 21, 2024Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”).
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Reynolds Consumer Products Announces Extended and Upsized Revolving Credit Facility
October 21, 2024Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo.
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Culain Capital Funding, LLC Completes Capital Raise to Accelerate Growth and Fund New Clients
October 21, 2024Culain Capital Funding, LLC, a leading factor and asset-based lender, is pleased to announce the closing of a new $30 million senior lending facility with Texas Capital. This strategic partnership will provide Culain Capital with enhanced capabilities to expand its working capital solutions, allowing the firm to support a broader range of businesses in need of flexible financing options.
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Greenbelt Environmental Services Secures Credit Facility to Support Growth and Innovation
October 17, 2024Greenbelt Environmental Services ("GES"), a leading provider of comprehensive waste and recycling solutions, is pleased to announce the successful closing of a new credit facility (the "Financing"). The Financing will enable GES to execute its strategic growth initiatives, including investments in capacity expansion and technological solutions to enhance the customer experience.
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Mitsubishi HC Capital America Strengthens Channel Finance Capabilities with Hiring of Paul Slocum
October 17, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce that Paul Slocum has joined the company as Vice President of Sales for the technology finance team.
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Bank Economists: Credit Conditions Expected to Improve for Both Consumers and Small Businesses for First Time Since 2022
October 17, 2024For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today.
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Jon Fox Joins MidOcean Partners as Global Head of Capital Formation
October 17, 2024MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital and alternative credit investments, announced today that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation.
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Assembled Brands Capital Extends Multiple Credit Facility Increases In Q3 2024
October 17, 2024Assembled Brands Capital is pleased to announce multiple credit facility extensions for a range of high-growth consumer product companies within its portfolio. This initiative reinforces the asset-based lender’s commitment to empowering fast-growing businesses in the consumer products ecosystem, enabling them to capitalize on new growth opportunities and drive innovation.
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Monroe Capital Supports the Growth of Izzio Artisan Bakery
October 17, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Izzio Artisan Bakery.
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MONTICELLOAM, LLC Closes $32 Million in Bridge Financing for Multifamily Property in Heber City, Utah
October 17, 2024MONTICELLOAM, LLC (“MonticelloAM”) announced today the closing of a $32,000,000 floating-rate senior bridge loan for a multifamily community in Heber City, Utah, approximately 12 miles south of Park City.
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Jeffrey Tyo Joins Gordon Brothers as Managing Director, Commercial & Industrial
October 17, 2024Jeffrey Tyo has joined Gordon Brothers, the global asset experts, as Managing Director, Commercial & Industrial. In this role, Tyo will expand Gordon Brothers’ presence on the West Coast by developing and strengthening the firm’s relationships with corporate clients, lenders, private equity firms, investment bankers and restructuring advisors focused on the consumer packaged goods industry.
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Wolters Kluwer Achieves Top Ten Ranking in Chartis RiskTech100® 2025
October 16, 2024Wolters Kluwer, a global leader in professional information, software solutions, has achieved a global top ten ranking from Chartis Research in the prestigious Chartis RiskTech 100 2025 report. Ranked tenth overall, Wolters Kluwer also received Category Awards for Liquidity Risk and, for the third consecutive year, Regulatory Intelligence.
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Cambridge Savings Bank Extends New Credit Facility to Accelerate Growth for Fabrizia Spirits
October 16, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a new credit facility to Fabrizia Spirits, a leading citrus spirits manufacturer in the United States.
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Altriarch Closes $40 Million Senior Debt Facility for LeasePoint Funding Group, LLC
October 16, 2024Altriarch Asset Management (“Altriarch”) today announced that it has provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC (“LeasePoint” or the “Company”). The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to medical practices.
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Garnet Capital Advisors Represents Alternative Investment Manager in Disposition of $14 million MCA Portfolio
October 16, 2024Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $14 million MCA portfolio on behalf of a top Alternative Investment Manager.
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