TSL Express Daily Articles & News
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SWK Holdings Corporation Announces New Credit Facility with $45 Million Committed at Close
SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, announced the signing of a new four-year credit facility with First Horizon Bank ("First Horizon").
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Field Exam in Changing Times: Fundamentals and Best Practices
Jan Tammen of PNC Business Credit discusses some of the lasting changes to the field exam industry brought on by the pandemic.
TSL Express Daily Headlines & News
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Monroe Capital Supports Dealer Services Network’s Acquisition of Express OMV
May 23, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Dealer Services Network’s (“DSN”) acquisition of Express OMV. DSN is an existing portfolio company of Frontenac.
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Barclays Appoints David King as Global Head of Technology M&A
May 23, 2024Barclays today announces the appointment of David King as Global Head of Technology M&A. Mr. King will be based in San Francisco, will report to Ihsan Essaid, Global Head of M&A, and will work in close partnership with Kristin Roth DeClark, Global Head of Technology Investment Banking.
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Bluberi Closes $55 Million Financing
May 23, 2024Bluberi Gaming USA, Inc. ("Bluberi" or the "Company") announced that it closed a $55 million financing facility with Citizens acting as Left Lead Arranger on the transaction.
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Broadway Financial Corporation Announces Four Additions to Senior Management Team
May 22, 2024Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the “Bank” and collectively with the Company, “City First Broadway”), today announced the addition of four experienced senior officers to the management team of City First Broadway.
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Bain Capital Specialty Finance, Inc. Increases and Extends Its Revolving Credit Facility
May 22, 2024Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) announced today that it has increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent (the “Sumitomo Credit Facility”) to $855 million from $665 million and extended the maturity date to May 18, 2029 from December 24, 2026. The total number of lenders to the Sumitomo Credit Facility increased to 14.
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Culain Capital Funding Closes $1.0MM for Texas Workforce Solutions Provider
May 22, 2024Culain Capital, a leading provider of innovative financial solutions, is pleased to announce the origination of a $1,000,000 accounts receivable financing to a prominent Texas-based workforce solutions company. This strategic funding will empower the company to enhance its operational capacity and continue delivering exceptional workforce services across the state.
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SLR Business Credit Provides $2.5 Million Credit Facility to Transportation, Distribution and Logistics Company
May 22, 2024SLR Business Credit announces the funding of a $2.5 million asset-based revolving line of credit to a Southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including Drayage, FTL, Intermodal, Bulk Storage, Cross-Docking, Overweight Cartage and Warehousing.
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SLR Healthcare ABL Provides $3 Million for a Skilled Nursing Operator
May 22, 2024SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to a skilled nursing operator in the upper Midwest.
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Cohen Joins CohnReznick as Tax Partner
May 22, 2024CohnReznick LLP today announced that Nissim Cohen, CPA has joined the firm as a partner in its expanding Tax practice. Based in New York, Cohen specializes in providing strategic tax advice, managing tax compliance, planning, and provision issues for clients in a range of in industries including technology, manufacturing & distribution, transportation, and consumer product.
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Amerisource Closes $16,000,000 Credit Facility for Returning Logistics Client
May 22, 2024Amerisource Business Capital announced the closing and funding of a $16,000,000 revolving credit facility for a transportation and logistics company based in Texas. The proceeds were used to refinance the company’s existing bank revolver to provide greater liquidity and support for the company's continued expansion efforts.
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WSFS Strengthens Executive Leadership Team to Support Next Phase of Growth
May 22, 2024WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today that David Burg will join the Company as Executive Vice President, Chief Financial Officer on August 15, 2024. In this role, Burg will be responsible for leading the Company's financial operations and strategy, including Financial Planning and Analysis, Accounting and Financial Reporting, Treasury, and Investor Relations.
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Capchase Secures €105 Million from Deutsche Bank to Support Flexible Financing for SaaS Companies in Europe
May 22, 2024Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, today announced it has secured a €105 million credit facility warehouse led by Deutsche Bank. This new financing contributes to the more than $1 billion in combined debt and equity financing Capchase has received since its founding in 2020.
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Byline Sponsor Finance Supports Tenaz Capital’s Investment in Tracked Lifts
May 22, 2024Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support the recapitalization of Tracked Lifts, a portfolio company of Tenaz Capital. BSF was represented by Duane Morris, LLP.
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Republic Business Credit Expands Houston Office as Part of Company-Wide Growth Spurt
May 21, 2024Republic Business Credit, a nationally recognized commercial finance company, is expanding its Houston office to support the firm’s regional leader and SVP, Business Development, Houston, William Kemp. This expansion will boost Republic’s client base and help the company take on new factoring and lending opportunities nationwide.
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Nuveen Private Capital Strengthens U.S. Business Development Team with Two Senior Hires
May 21, 2024Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today announced the continued expansion of their U.S. client coverage capabilities with the appointment of Marc Gonyea and Chris Davis as Managing Directors.
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WhiteHawk Capital Partners Provides Credit Facility to MediaCo
May 21, 2024WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with MediaCo Holding, Inc. (“MediaCo”) to provide a $45 million first lien term loan facility (the "Facility") on April 17th, 2024. MediaCo used proceeds of the Facility to finance an acquisition of Estrella Media’s network, content, digital, and commercial operations.
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Wells Fargo Taps First Commercial Sales Leader to Focus on Asian Segment
May 21, 2024For the first time, Wells Fargo’s Commercial Banking team will have a leader dedicated to setting the strategy for growing and overseeing commercial banking relationships with Asian American and Pacific Islander-owned and -led businesses nationwide. As the Asian segment leader, Andrew Moy will help tailor solutions to support their business growth, access to capital, and individual wealth-building needs.
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eCapital Secures $3.5 Million Facility to Support Management Buyout for Renowned Book Publishing Company
May 21, 2024eCapital Corp. ("eCapital"), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has successfully funded a $3.5 million factoring facility for an esteemed book publishing company.
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Lightning eMotors’ Late-Model EVs Go to Auction on May 30th
May 21, 2024$10 million Tiger Group sale features more than 100 fleet-suitable EVs, along with e-motors, battery packs, auto parts and advanced equipment such as dynamometers and laser-cutters
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LSQ Partners with Ecobat to Enhance Supplier Health and Boost Working Capital
May 21, 2024LSQ, a leading provider of working capital and payments management solutions, recently announced a strategic supply chain finance partnership with Ecobat, a distinguished leader in sustainable energy solutions. This collaboration marks a pivotal moment in bolstering supplier health and generating vital working capital for Ecobat.
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