- Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
- Restoring Bankability: How a $4MM CRE Line of Credit from Flatbay Capital Protected a Century of Service
- Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
- Westwood Financial Expands Corporate Credit Facility By $145 Million To $470 Million Total
- Victory Park Capital Announces New Warehouse Facility with Zip, Expanding Long-Standing Partnership
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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.
TSL Express Trending Story
Featured
The Single Group Facility: Simplifying Cross-Border Receivables Finance
In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay is the first-place essay.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The third place essays were published in the September issue of TSL and the second place winner was published in the October issue.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The third place essays were published in the September issue of TSL and the second place winner was published in the October issue.
TSL Express Daily Headlines & News
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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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Talkiatry Secures $130M Series C Funding to Mainstream Value-Based Behavioral Health Care
June 20, 2024Talkiatry, a leading provider of high-quality, in-network psychiatric care, today announced a $130 million equity and debt financing round. The equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors, and debt financing was provided by Banc of California.
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Berg Enterprises, Inc. Secures $2.5M in Funding Led by Antina Capital
June 20, 2024Berg Enterprises, Inc. announced today a $2.5M financing round led by Antina Capital structured in a combination of private debt and equity.
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Additional Fisker U.S. Entities File for Chapter 11 Protection
June 20, 2024Following on the announcement that Fisker Group Inc. filed for Chapter 11 protection in the District of Delaware, Fisker Inc. and its other U.S. subsidiaries have entered into Chapter 11. The Company’s discussions regarding the sale of its assets remain ongoing.
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TD Launches Full-Service Platform supporting Technology and Innovation Clients in Canada
June 20, 2024TD Bank Group (TD) today announced the launch of TD Innovation Partners (TDIP), a division of The Toronto-Dominion Bank. TDIP is a new full-service team providing bespoke, high-touch banking and financing solutions in support of technology and innovation companies at all stages. T
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Brooklyn’s Luxury William Vale Hotel Sells for $177 Million After Marketing Campaign by A&G and Eastdil Secured
June 20, 2024In another hospitality-sector bankruptcy sale, global real estate investment bank Eastdil Secured and national advisory firm A&G Real Estate Partners have successfully marketed the luxury William Vale Hotel in Brooklyn’s Williamsburg neighborhood.
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Alvarez & Marsal Appoints Ben Yokell Managing Director In Its Supply Chain Services Practice
June 20, 2024Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Ben YoKell as a Supply Chain Services practice Managing Director within its Corporate Performance Improvement (CPI) group. Mr YoKell’s hire demonstrates CPI’s continued commitment to expanding its capabilities footprint and to augmenting its cross-industry supply chain management expertise.
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ZRG Secures $120 Million in Debt Financing from Main Street Capital
June 20, 2024ZRG, a global talent advisory firm, today announced that it has successfully secured $120 million in debt financing from Main Street Capital Corporation and its affiliates. This significant funding will bolster ZRG's growth initiatives and enhance its ability to deliver innovative talent solutions to clients worldwide.
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Aequum Capital Provides $30MM in Credit Facilities to Leading Print, Marketing, and Logistics Service Provider
June 20, 2024Aequum Capital is pleased to announce it recently provided $30MM in aggregate credit facilities to one of the nation's largest printers that also provides marketing and logistics solutions. The credit facilities allow the company additional leverage on their current assets and equipment supporting their working capital needs, and growth and acquisition strategies.
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Armory Securities, LLC Announces the Successful Restructuring of the Assets of Inevitable Tech Inc.
June 20, 2024Inevitable Tech is a business-to-business (B2B) agricultural technology platform that designs and develops cutting-edge growing systems for farmers that enable them to better manage their crops. Inevitable Tech’s technology includes data collection and mapping, as well as AI-driven diagnostics. The platform provides farmers with easy-to-use devices powered by proprietary hardware and software, allowing them to collect data in real-time.
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TravelPerk Acquires AmTrav to Accelerate US Expansion and Announces new $135m Backing from Blackstone and Blue Owl
June 20, 2024TravelPerk, the hyper-growth global business travel management platform, announced today its acquisition of the industry-leading United States company AmTrav, doubling down on its expansion in the US. Additionally, TravelPerk has raised a new credit facility of up to $135 million led by Blackstone Credit & Insurance and Blue Owl Credit, two leading global alternative asset managers.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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