- Armory Securities, LLC Announces the Successful Closing of a Credit Facility for Copper Cane Wines & Provisions
- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- Kent Outdoors Announces New $90 Million Credit Facility to Support Domestic Operations
- Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
- Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
TSL Express Daily Articles & News
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Today's Top Story
Featured
Breakout Capital Secures $45 Million Credit Facility Led by Synovus Bank
Breakout Capital, a leading fintech company simplifying access to capital for small businesses, announced today the completion of a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35 million of committed capacity with an additional $10 million uncommitted.
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Workout Workshop: A Guide to Navigating Problem Loans
Many ABL professionals have little to no workout or bankruptcy experience thanks to the past ten years of relative calm. This article details the anatomy of an ABL workout and serves as a primer for many readers and a refresher course for more experienced lenders.
TSL Express Daily Headlines & News
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions and a $150,000 facility for a Canadian shelving company; a $250,000 facility for a US logistics company and $75,000 facility for a Canadian commercial and residential company.
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Gateway Trade Funding Completes 24 Stretch Finance Transactions Totaling More Than $5,300,000
June 24, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions: a $150,000 facility for a Canadian shelving company a $250,000 facility for a US logistics company and a $75,000 facility for a Canadian commercial and residential company.
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Ribbon Communications Inc. Announces Closing of New $385 Million Senior Secured Credit Facility
June 24, 2024Ribbon Communications Inc. (Nasdaq: RBBN) ("Ribbon"), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has completed the previously announced $385 million senior secured credit facility.
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RSM US Middle Market Business Index Strengthens, Reflecting Stable Business Conditions
June 24, 2024The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, rose to 132.0 in the second quarter from 130.7 in the prior period on a seasonally adjusted basis. The MMBI survey results reflect a sustained business expansion characterized by historically low unemployment, strong household consumption and robust business revenues.
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HSBC appoints Danielle Johnson as Global Head of Institutional Client Group
June 24, 2024HSBC today announced that Danielle Johnson has been appointed Global Head of Institutional Client Group (ICG) within the Global Banking and Markets. In this role, she will be responsible for strengthening the coverage of institutional clients, particularly Western headquartered clients, who conduct business globally.
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K92 Mining Announces Upsized Senior Secured Credit Facilities of Up to US$150 Million and Offtake Agreement with Trafigura
June 24, 2024K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQB: KNTNF) is pleased to announce that K92 and its Papua New Guinea subsidiary, K92 Mining Limited (“K92 PNG”), have entered into two separate credit facilities (the “Credit Facilities” and individually the “Canadian Credit Facility” and the “PNG Credit Facility”, respectively) with Trafigura Pte Ltd (“Trafigura”).
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Crescent Capital Group Announces New Senior Leadership Changes
June 24, 2024Christopher Wright Named President; Joseph Viola Named Chairman of Operating Committee and Jason Breaux Appointed to Operating Committee.
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Peach Announces Pipe Partnership to Power Working Capital Solutions
June 24, 2024Peach Finance, the leading modern servicing technology platform, today announced its partnership with Pipe, helping the modern capital platform power its working capital solutions.
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PeoplesBank and Cornerstone Bank Announce Merger of Holding Companies
June 24, 2024Following a unanimous vote from their boards, PeoplesBank and Cornerstone Bank have announced that they have entered into a definitive agreement to combine their holding companies in a merger transaction. While the merger agreement between PeoplesBancorp, MHC and SSB Community Bancorp MHC will unify holding companies, both banks will continue operating under separate names and brands for the foreseeable future.
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Braverman Named EisnerAmper’s National Leader of Transaction Advisory Services
June 24, 2024Global business advisory firm EisnerAmper announces that Michael Braverman, Partner, has been named the firm's National Leader of Transaction Advisory Services (“TAS”) and Leader of Forensic, Litigation, and Valuation Services (“FLVS”) at the firm's New York office.
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Castlelake Agrees to Purchase up to $1.2 Billion of Consumer Installment Loans Originated on Upstart's Platform
June 24, 2024Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit investments, has reached an agreement to purchase up to $1.2 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The purchase agreement consists of a 12-month forward flow arrangement and follows a 2023 agreement with Upstart.
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eCapital Doubles Down on Startup Success: Upsizes Invoice Factoring Facility to $5 Million for Thriving International Food Distributor
June 20, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the upsizing of an invoice factoring facility for a fast-growing startup food distributor specializing in supplying high-quality food products to Mexico.
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SPECTRUM Commercial Finance Opens New Office and Adds to Operations & Audit Groups
June 20, 2024SPECTRUM Commercial Finance opens new Atlanta office and adds Vice President, Ira Almond, to its team of business development officers. SPECTRUM also hired Denna Kirkland, a new collateral auditor and Cole Uplegger, a collateral analyst, to support continued growth in the loan portfolio.
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King Trade Capital Provides a $1.5 Million Purchase Order Finance Facility to a Dry Foods Manufacturer
June 20, 2024King Trade Capital (“KTC”) is pleased to announce the completion of a $1.5M purchase order-based production finance facility for a dry baked goods manufacturer in the western US.
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RSM Releases Q2 2024 RSM US Middle Market Business Index
June 20, 2024The survey for the second quarter was conducted from April 1 to April 22 by The Harris Poll on behalf of RSM US and gathered responses from 402 senior executives at middle market firms across a range of industries.
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Monroe Capital Supports Superior Waste Industries, LLC’s Add-On Acquisitions
June 20, 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 acquisitions of Shawnee Dumpster Services (“SDS”) and Sue’s Recycling & Sanitation (“Sue’s”) by Superior Waste Industries, LLC, d/b/a Superior USA Waste (“Superior”), an existing portfolio company of Red Dog Equity, LLC.
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Zilch Raises £100M Financing Deal to Fuel Expansion Strategy
June 20, 2024Zilch, the world’s first ad-subsidised payments network (ASPN), today announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB).
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