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Commercial Finance Partners Promotes Buanno to President
Commercial Finance Partners, a Boca Raton-based direct lender and debt advisory firm, has promoted John Buanno to President. John Buanno has been with Commercial Finance Partners since 2019, leading the growth of the company’s direct lending platform; tripling the client volume since his arrival.
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Navigating Economic, Professional and Personal Change at SFNet's 2023 Women in Secured Finance Conference
“We have a great agenda planned for this year,” said WISF Committee Chair Laura Kemper Glass, and SVP, East Region Senior Portfolio Manager, Bank of America, N.A. “We’re bringing back, by popular demand, the small group Roundtable discussions on personal and professional change, which provide a great opportunity for intimate networking with others in the industry.”
TSL Express Daily Headlines & News
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William Blair Expands Private Capital Advisory Group in Europe
October 7, 2024William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today the expansion of the firm’s Private Capital Advisory team in Europe with the addition of Connor O’Keeffe as managing director. Based in London, O’Keeffe will focus on fund placement and advisory services for general partners (GPs) throughout Europe.
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Sallyport Commercial Finance Provides $1.5 Million to Floral Business
October 7, 2024Sallyport Commercial Finance is excited to announce the successful funding of a $1.5 million accounts receivable facility for a supplier in the floral industry. Specializing in salal, a key component in wreaths and floral bouquets, the company sought funding to manage the seasonal nature of their business, with over half of their sales occurring within a two-month period starting in October.
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Southland Announces Closing of $160 Million Senior Secured Credit Facility
October 7, 2024Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced the closing of a new $160.0 million senior secured term loan facility with Callodine Commercial Finance, LLC.
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Year-to-Date Commercial Chapter 11 Filings Increased 33 Percent Compared to Same Period Last Year
October 7, 2024The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include: A $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania; $400,000 factoring facility for a transportation company in Ontario.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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J D Factors Provides $9,875,000 in New Factoring Facilities in September
October 4, 2024J D Factors provided $9,875,000 in new factoring facilities to 40 new clients in the US and Canada during the month of September. Some of these facilities include :a $700,000 factoring facility for a transportation company in Ohio; a $500,000 factoring facility for an oil & gas company in Pennsylvania.
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CIBC Innovation Banking Provides Growth Capital to Booksy
October 3, 2024-CIBC Innovation Banking announced today that it has provided growth capital to Booksy, a mobile-first booking platform that connects beauty, wellness and health professionals with local customers, powering hundreds of millions of appointments each year. The company will use the financing to accelerate new customer acquisition, marketplace expansion, and platform enhancements.
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Fifth Third Announces Corporate & Investment Banking Structure
October 3, 2024Fifth Third Bank is pleased to announce a new structure within its Commercial Bank that builds upon the organization’s successes and continues to position the firm for the future.
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Main Street Announces Amendment of its SPV Credit Facility
October 3, 2024Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC ("MSCC Funding"), recently amended its special purpose vehicle revolving credit facility (the "SPV Facility"). The recently closed amendment provides an increase in total commitments from $430.0 million to $600.0 million, while maintaining an expanded accordion feature that allows for an increase up to $800.0 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments
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Lafayette Square Announces ING's Expanded Commitment to Revolving Credit Facility
October 3, 2024Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year. EverBank, N.A. ("EverBank") and First Citizens Bank ("First Citizens") will provide additional commitments which will increase the existing facility from $75 million to $150 million.
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Dykema’s Lansing Office Adds Government Policy Advisor Bel Martin
October 3, 2024Dykema, a leading national law firm, today announced the addition of Bel Martin as a Government Policy Advisor in the firm’s Lansing office. Martin joins Dykema after nearly three years with Ascension Health as State Policy and Advocacy Manager. Prior to that, she spent five years on the staffs of various Michigan State Senators and Representatives.
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eCapital Factoring Division Reports Over $205 Million in YTD Funding, Anticipates Continued Growth
October 3, 2024eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing to SMBs in North America and the U.K., reports strong progress in its Factoring division, surpassing $205 million in funding commitments year-to-date. This benchmark reflects eCapital’s ability to provide essential capital to clients across a wide range of industries to support their business needs.
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Gordon Brothers Welcomes Julie Dobler as Director, North America Real Estate Services
October 3, 2024Gordon Brothers, the global asset experts, has welcomed Julie Dobler as Director, North America Real Estate Services. In this role, Dobler supports Real Estate Services’ daily operations and helps implement streamlined processes, procedures and methodologies to enhance the operational platform.
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Portage Point Partners Announces Strategic Growth Investment from New Mountain Capital
October 3, 2024Portage Point Partners ("Portage Point"), a business advisory, interim management and investment banking firm serving middle market stakeholders, is pleased to announce a strategic minority growth investment from New Mountain Capital ("New Mountain"), a leading growth-oriented investment firm with over $55 billion in assets under management.
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Banc of California Hires Ken McMullen as Executive Vice President and Treasurer
October 3, 2024Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California’s Chief Financial Officer.
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