- Alliant Energy Enters $400 Million Term Loan Agreement with U.S. Bank
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- SFNet Market Pulse
- FGI Finance Supports Concordance Healthcare Solutions with $150,000,000 Facility
- Attain Finance Enters into a Second Canadian Credit Facility
TSL Express Daily Articles & News
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SFNet Announces 2023 Hall of Fame Inductees
SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
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“Know Your Borrower” Now Has a New Lens
Longstanding guidance to “know your borrower” is respected for good reason. The recent and unexpected upheaval in the banking and lending sector is triggering a renewed focus on financial risk management relating to borrowers and potential borrowers.
Banks and lenders need a clear understanding of the treasury-management function and risk-mitigation strategies employed by their borrowers and potential borrowers. As in previous challenging economic environments, the current uncertainty is an unpleasant, but beneficial, reminder to evaluate – or re-evaluate – these important functions and strategies. The Treasury Management Gap Analysis is an essential way to achieve this goal.
Banks and lenders need a clear understanding of the treasury-management function and risk-mitigation strategies employed by their borrowers and potential borrowers. As in previous challenging economic environments, the current uncertainty is an unpleasant, but beneficial, reminder to evaluate – or re-evaluate – these important functions and strategies. The Treasury Management Gap Analysis is an essential way to achieve this goal.
TSL Express Daily Headlines & News
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HealthEquity Secures New Credit Facility and Repays Debt
August 27, 2024HealthEquity, Inc. has successfully refinanced its prior credit obligations, repaying $511.9 million and establishing a new $1 billion senior secured revolving credit facility, which includes a $25 million sub-limit for letters of credit.
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KKR Completes Acquisition of Varsity Brands from Bain Capital and Charlesbank
August 27, 2024Varsity Brands (the “Company”), a leader in team sports, athletics and spirit, and KKR, a leading global investment firm, today announced the completion of the acquisition of Varsity Brands by KKR from Bain Capital and Charlesbank. As the new majority owner of Varsity Brands, KKR will support the Company as it continues to grow its business.
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Capstone Partners Appoints Ken Wasik as Co-Head of Investment Banking to Support Ongoing Strategic Growth
August 27, 2024Capstone Partners, a leading middle market investment banking firm, has announced a significant appointment within its management team. Ken Wasik, Managing Director and Head of Consumer Products Banking, will now also serve as Co-Head of Investment Banking.
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Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings LLC; to Become CEO of Red Lobster Upon Court Approval of the Red Lobster Chapter 11 Plan
August 27, 2024Fortress Investment Group today announces the appointment of Damola Adamolekun as CEO of RL Investor Holdings LLC.
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Culain Capital Structures $3,000,000 Accounts Receivable Financing Facility for a Warehousing and Logistics Services Firm Specializing in the Renewable Energy Space
August 27, 2024Culain Capital, a premier provider of creative financial solutions, proudly announces the successful structuring of a $3,000,000 accounts receivable financing facility for a prominent warehousing and logistics services firm specializing in the renewable energy sector.
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73% of Small Businesses Have Grown in Past Year Despite More Than Half Reporting Labor Challenges, U.S. Bank Report Reveals
August 27, 2024Almost three quarters (73%) of American small business owners say their business has grown in the last year, with even higher percentages for Black (84%) and Hispanic (80%) owners, according to the U.S. Bank 2024 Small Business Perspective that was released today.
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nFusion Capital Provides $2.0 Million Growth Line to Support Construction Services Firm
August 27, 2024nFusion’s $2 million factoring facility funding helped the Company to pay subcontractors faster, so they could acquire additional subcontractors’ services which enabled them to take on bigger projects and continue to grow.
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VSS Capital Partners Appoints David Fann to Head Investor Relations
August 27, 2024VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, education, and business services industries, announced that David Fann has joined the firm as Senior Managing Director and Head of Investor Relations. Mr. Fann brings vast experience, having held executive leadership roles in private market firms that have invested over $50 billion in private equity and private credit for institutional investors.
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BizCap ® Facilitates Gibbs Smith’s Multimillion-Dollar Line of Credit
August 26, 2024BizCap®, a commercial finance advisory firm established in 2002, announces it has structured and secured financing for Gibbs Smith, an American publisher known for producing beautifully crafted books designed to enrich and inspire readers.
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Fast Casual Restaurant Chain Files Surprise Chapter 11 Bankruptcy
August 26, 2024The trendy restaurant chain serves a popular niche, but has struggled to find enough customers.
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Republic Business Credit Provides $15 Million Asset-Based Loan for Gulf Coast Food Manufacturer
August 26, 2024When a third-generation, family-run food manufacturing company sought to refinance their incumbent regional bank, they chose the local, gulf coast experts at Republic Business Credit to refinance their line of credit. Republic was introduced by food and beverage industry leaders that believed Republic’s experience in the food manufacturing industry would enhance the long-term success of the partnership.
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TCW Closes Second CLO in 2024
August 26, 2024The TCW Group, a leading global asset management company, today announced that it has closed its second $400 million Collateralized Loan Obligation (CLO) fund this year, TCW CLO 2024-2, Ltd., which is secured primarily by broadly syndicated first-lien loans. This close adds to TCW’s continued strong growth in alternative credit assets, which have more than doubled since 2020.
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Sean Trahan Joins Alvarez & Marsal Tax as Managing Director, Expanding the Firm's Transfer Pricing Offering
August 26, 2024Alvarez & Marsal Tax, LLC (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announced the appointment of Sean Trahan as Managing Director within its Transfer Pricing line of service. Following the hiring of Managing Directors Dan Peters and Matt DeFelice along with Senior Economists Barry Freeman and Clark Chandler, Mr. Trahan’s joining continues the build out of A&M’s global transfer pricing team while underscoring A&M Tax’s strategic international expansion.
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WesBanco Bank Appoints Cris Gossard as Central Ohio Market President
August 26, 2024WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has appointed Cris Gossard as Central Ohio (CO) Market President and Senior Commercial Banker. This strategic appointment underscores the bank's commitment to continuing to enhance its market presence and deliver exceptional banking services to the Central Ohio market.
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BGCGW Announces Joint Initiative With CohnReznick on Youth Professional Development
August 26, 2024The Boys & Girls Clubs of Greater Washington (BGCGW) and CohnReznick have announced that they will be working together to provide hands-on professional development learning experiences to BGCGW teens and young adults as they enter the workforce and make crucial decisions about career paths.
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Honigman Adds Angela Johnson Reier to Corporate Department in Chicago
August 26, 2024Honigman LLP announced today that it is growing its Corporate Department with the addition of Angela Johnson Reier as partner in the firm’s Transactions & Counseling Practice Group in Chicago.
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Great Rock Capital Provides $30 Million to a Portfolio Company of Crossplane Capital
August 26, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $30 million revolving credit facility for a specialty rental platform, which is a portfolio company of Crossplane Capital.
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Blank Rome Continues Growth in Boston with Addition of Corporate Partner Fraser Collin
August 26, 2024Blank Rome LLP is pleased to announce that Fraser Collin has joined the firm’s Boston office as a partner in the Corporate, M&A, and Securities group. Fraser will focus his practice on advising clients on mergers and acquisitions (“M&A”), and private equity and venture capital financings, as well as serving as outside general counsel.
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Flow Capital Announces US$15 Million Credit Facility
August 26, 2024Flow Capital Corp. (TSXV: FW) ("Flow Capital" or the "Company"), a leading provider of growth venture debt in the form of senior secured loans to high-growth companies, is pleased to announce that it has entered into a loan agreement (the "Loan Agreement") with TBK Bank, SSB (“Triumph”), for a revolving committed credit facility in the principal amount of up to US$15 million.
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Seylan Bank Relaunches New Factoring Financial Services to Enterprising Businesses
August 26, 2024Seylan Bank has expanded their comprehensive suite of financial services with Seylan Factoring, a means for clients to raise funds by trading outstanding trade receivables. Unlike traditional lending, which may consider a broader range of factors and sources for repayment, factoring is primarily dependent on the receivables' quality and collection for setting up the facility.
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