- Barnes & Thornburg Adds Private Funds Tax Partner Philip Cooke in NYC
- Monroe Capital Supports Altamont Capital Partners’ Investment in Key Container
- SLR Business Credit Provides $10 Million Senior Secured Asset-Based Credit Facility to a European Foods Importer
- Asset-Based Lending & Factoring Surveys
- GACC™ Appoints Jared Price as Director, Further Expanding Leadership Team
TSL Express Daily Articles & News
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Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
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It’s no secret that, despite great progress in the last couple of decades, secured finance remains a male-dominated field. Here, we shine the spotlight on three unique SFNet members whose teams are made up of more women than men.
TSL Express Daily Headlines & News
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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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BriteCap Financial Secures $150M Credit Facility
August 26, 2024BriteCap Financial LLC ("BriteCap"), a data-driven financial services company dedicated to improving the financial health of America's small businesses, today announced the establishment of a new receivable financing facility from funds managed by One William Street Capital Management affiliates ("OWS Funds").
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Pearlmark Announces First Closing of Sixth Mezzanine Fund
August 26, 2024Pearlmark is pleased to announce the first closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”). Pearlmark Mezz VI will serve as the firm’s exclusive subordinated debt investment vehicle, fulfilling borrower demand for gap financing solutions on recapitalizations, acquisitions, and development projects.
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Piper Sandler Completes Acquisition of Aviditi Advisors
August 26, 2024Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has completed the acquisition of Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors.
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IDB Bank Announces Jeremy Cramer as Head of California Commercial Real Estate
August 26, 2024IDB Bank, a New York-based private and commercial bank, announced the appointment of Jeremy Cramer as its new Senior Vice President and Head of California Commercial Real Estate (CRE). In this role, he will lead balance sheet CRE lending across the Bank's west coast operations, overseeing loan originations, asset management, operations and deposit gathering.
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A&O Shearman Expands U.S. Debt Finance Team with Addition of Alyssa Simon, High Yield Partner
August 26, 2024Alyssa was most recently at a leading investment bank in both London and New York where she was an executive director in leveraged finance, originating, structuring and executing large-cap, high-profile transactions for corporate and private capital clients. Her practice focuses on high-yield bond transactions used by private equity-backed issuers in complex domestic and cross-border acquisition financing.
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Accession Risk Management Group Closes $1 Billion Financing to Further Accelerate Growth of Risk Strategies and One80 Intermediaries
August 26, 2024Accession Risk Management Group, the parent company of Risk Strategies and One80 Intermediaries comprising North America’s ninth largest privately held insurance broker, has closed a $1 billion incremental debt raise and refinancing. The funding will further accelerate a remarkable growth trajectory driven by the continued acquisition of leading specialty brokerages and targeted organic expansion.
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Oaktree and AVANA Companies Launch $250 Million Joint Venture
August 26, 2024AVANA Companies, in collaboration with funds managed by Oaktree Capital Management, L.P., has announced the establishment of a $250 million joint venture named the AVANA-Oaktree Private Credit Partnership. This partnership is designed to support AVANA’s direct private commercial real estate lending strategy within the United States over the next three years.
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Development Site Near Hollywood Walk of Fame Now Available
August 22, 2024A&G Real Estate Partners and Onyx Asset Advisors (ONYX) are accepting offers for a nearly 10,000-square-foot development parcel just steps away from the Hollywood Walk of Fame.
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Monroe Capital Supports Huron Capital’s Rampart Exterior Services Add-on Acquisition
August 22, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Independent Roofing Systems (“Independent”) by Rampart Exterior Services (“Rampart”), a portfolio company of Huron Capital.
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US Regional Bank Deals Rise as Lenders aim to Bolster Balance Sheets
August 22, 2024Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may attract anti-trust scrutiny.
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Wynnchurch Capital Announces Two Promotions and Five New Hires
August 22, 2024Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle-market private equity firm, announced today two promotions: Carl Howe: Promoted to Managing Director, Investment Team and Brian Riordan: Promoted to Managing Director, Investment Team
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Ameris Bank Expands Commercial Industry Expertise with Key Hires
August 22, 2024Ameris Bank recently welcomed two commercial banking industry veterans to its well-established team. Bill Kilburg joins Ameris as senior vice president, relationship manager and Patrick Murphy will serve as senior vice president, government relationship manager.
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Wolters Kluwer Earns Top 5 Global Ranking for Excellence in AI Product Innovation
August 22, 2024Wolters Kluwer has achieved a global top five ranking from Chartis Research for excellence in artificial intelligence (AI) innovation in the Chartis RiskTech AI 50 2024 report. The report explores the broad landscape of AI development and adoption in the financial services industry, showcasing the leading work of technology providers in this dynamic and rapidly evolving environment.
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KROST CPAs Combines with EisnerAmper
August 21, 2024Global business advisory firm EisnerAmper announces that the partners and colleagues of Los Angeles-area CPA firm KROST CPAs are joining EisnerAmper in a combination expected to close in September 2024.
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Houlihan Lokey Expands Global Technology Group With Senior Software Hire
August 21, 2024Based in San Francisco, Mr. Rhizor will join the Technology Group where he will focus on the social impact/nonprofit and office of the CFO software sectors and will collaborate with members of the FinTech Group in the latter.
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A Virtual Reality Company Receives a $1,000,000 Facility from Prestige Capital
August 21, 2024A Northeastern virtual reality technology company needed capital to advance beyond its beta testing stage. After reaching out to their large institutional bank for support, the company was referred to Prestige Capital due to being too early-stage for traditional bank financing.
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