- CohnReznick Launches Public Finance and Sustainability Practice, led by Ted Kowalsky
- Commercial Finance Partners Closes Five Factoring Facilities in Five Days
- Encina Private Credit Provides a $38.75 Million First Out Commitment As Revolver and Term Loan Lender to Support A Sponsor - Owned Portfolio Company
- Wingspire Capital Provides $85 Million to Data Platform
- HawkEye 360 Enters Into $125 Million Revolving Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team. Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities.
TSL Express Trending Story
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Interview with Sarah House, Senior Economist for Wells Fargo’s Corporate and Investment Bank
Sarah House is a managing director and senior economist for Wells Fargo’s Corporate and Investment Bank. Based in Charlotte, NC, she covers the U.S. macro economy, including the labor market, inflation trends, and monetary policy. Sarah frequently speaks about the economy to the national media, including The Wall Street Journal, Bloomberg News, CNBC and National Public Radio. She will be speaking at the SFNet’s Women in Secured Finance Conference on June 15.
TSL Express Daily Headlines & News
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Concord Closes $35MM Deal in 9 Weeks for Leading Wireless Telecommunications Company
September 25, 2024Concord Financial Advisors announced it arranged a $35 million senior secured revolving line of credit for a Wireless Telecommunications company in the Southern US to refinance existing debt and support working capital.
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Citizens Advises Blue Mantis on its Recapitalization by Recognize Partners
September 25, 2024Citizens M&A Advisory served as the exclusive financial advisor to Blue Mantis, Inc., a premier IT services provider with deep expertise in managed services, cybersecurity and cloud solutions, on its recapitalization by Recognize Partners.
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Winston & Strawn Adds Tax Partner Louis J. Jenull in Dallas
September 25, 2024Winston & Strawn LLP announced today that Louis J. Jenull has joined the Dallas office as a partner in the Transactions Department and the Tax Practice.
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Afore Insurance Services Obtains New Credit Facility Through Crestline Investors
September 25, 2024Crestline Investors ("Crestline") is pleased to announce that funds managed by its U.S. Direct Lending business have served as the administrative agent and sole lender on a senior secured credit facility for Afore Insurance Services, LLC (Afore), an independent retail insurance brokerage firm. Afore operates across 20 agencies in 10 states and serves clients nationwide, offering a comprehensive range of commercial lines, personal lines, life, health, and group employee benefits insurance products.
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WhiteHawk Capital Partners Provides Credit Facility to West Side Transport, Inc.
September 25, 2024WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, has entered into an agreement with West Side Transport, Inc. (the “Borrower” or “West Side”) to provide a $111 million senior secured first lien credit facility (the "Facility"). Proceeds from the Facility were used to support EVO Transportation & Energy’s (“EVO”) acquisition of West Side and provide additional working capital.
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Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure
September 25, 2024Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced it entered into a Restructuring Support Agreement (the “RSA”) with overwhelming support of 100% of the Company’s term loan lenders (the “Consenting Term Loan Lenders”).
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KKR Closes $4.6 Billion Ascendant Fund
September 25, 2024KKR, a leading global investment firm, today announced the final closing of KKR Ascendant Fund SCSP (“Ascendant” or the “Fund”), a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 as part of KKR’s Americas Private Equity platform, Ascendant is the first KKR vehicle solely focused on opportunities in the middle market.
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Porter Capital Provides $15 Million Line of Credit to Leading Cold-Rolled Steel Manufacturer
September 25, 2024Porter Capital, a premier provider of flexible funding solutions, has extended a $15 million line of credit to a leading cold-rolled steel manufacturer. This partnership will provide the manufacturer with enhanced working capital to support its continued growth and operational expansion.
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SG Credit Partners Announces a Senior Debt Investment in Munetrix
September 24, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with Munetrix, a leading provider of performance analytics solutions for K-12 schools. The financing provided by SG supported Munetrix’s merger with SchoolData Solutions, a top education technology company renowned for its innovative data analytics.
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Castlelake Secures $1 Billion Long-term Aviation Financing Facility and Acquires More than 60 Aircraft Assets
September 24, 2024Castlelake L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based investing with nearly 20 years of experience in aircraft investing, leasing and servicing, today announced it has secured commitments for over $1 billion of aviation financing in a term loan facility to support its continued investment in and acquisition of in-demand aviation assets.
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AlixPartners Forecasts Modest Increases Holiday Spending; Customers Cite inflation, Election Uncertainty as Factors in Budget Planning – Increasing Number of Shoppers to Buy Most Gifts on Sale
September 24, 2024Persistent inflation and election-year uncertainty will lead to lower spending across the board this holiday season. Shoppers are more likely to start shopping after Halloween, hunt for deals and consider value brands, and cut back on gifts for themselves, according to a forecast and Holiday Outlook Survey released by AlixPartners, the global consulting firm.
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Ares Commercial Finance Provides a $30 Million Credit Facility to Shapiro Metals
September 24, 2024Ares Commercial Finance announced today that it has provided a $30 million senior secured revolving line of credit to Shapiro Metals. (“Shapiro” or the “Company”). The Company, based in St. Louis, Missouri, creates customized recycling programs for manufacturing partners across a broad range of industries, in addition to trading materials with consumers across the globe. announced today that it has provided a $30 million senior secured revolving line of credit to Shapiro Metals. (“Shapiro” or the “Company”).
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Crown Partners Serves as Exclusive Financial Advisor on $175 million Senior Debt Recapitalization
September 24, 2024Crown Partners announced that it served as exclusive financial advisor to a sponsor-backed distributor for a wide range of home services products (the “Company”). In connection with this mandate, Crown arranged a new $75 million ABL revolver for the Company with Siena Lending Group, and restructured an existing $100 million term loan from the Company’s cash flow term lender.
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NXT Capital Closes Senior Credit Facility in Support of GHK’s Acquisition of Horizon Group
September 24, 2024NXT Capital announced today that it closed a senior credit facility in support of the acquisition of Horizon Group by GHK Capital Partners LP (“GHK”). NXT Capital acted as the Co-Lead Arranger and Joint Bookrunner on this transaction.
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Clifford Chance Advises Gonher Music on Acquisition of Sam Ash
September 24, 2024Clifford Chance has advised Mexico-based Gonher Music Center on its acquisition, through newly formed US affiliates, of storied US music retailer Sam Ash. The 42-store retail chain filed for Chapter 11 bankruptcy protection in May 2024, citing declining sales as customers shifted to online shopping during the COVID-19 pandemic, and subsequently launched a court-supervised sale process under Section 363 of the Bankruptcy Code.
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Oportun Announces $306 Million Committed Warehouse Facility Extension
September 24, 2024Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include: $306 million total commitment; Goldman Sachs as senior lender – and Jefferies, as mezzanine lender – both existing, longstanding lenders to Oportun
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Butterfly Announces $300 Million Dividend Recapitalization of Milk Specialties Global
September 24, 2024Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced the successful closing of a $300 million second lien term loan facility (the “Second Lien Term Loans”) issued by portfolio company Milk Specialties Global (“Milk Specialties” or the “Company”).
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Latham Advises on Halyk Bank’s US$300 Million Syndicated Term Loan
September 23, 2024Latham & Watkins has advised the banks on Halyk Bank of Kazakhstan’s successful signing of its US$300 million syndicated term loan, comprising one-year and three-year tenor tranches.
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Republic Business Credit Funds $1.5M Asset-Based Loan for California-based Temporary Staffing Company
September 23, 2024A California-based, national staffing firm wanted a new financing partner after its incumbent bank opted not to renew its current line of credit due to the size of the credit facility, as the bank chose to focus on mid-market clients.
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Paul Hastings Further Strengthens Market-Leading Restructuring Platform with Partner in Dallas
September 23, 2024Further strengthening its market-leading financial restructuring practice and continuing its strategic expansion in Texas, Paul Hastings LLP has added restructuring lawyer Charles Persons as a partner in Dallas.
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