- Xponential Fitness, Inc. Announces Debt Refinancing, New Credit Facilities
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- Bally’s Corporation Amends and Restates Its Commitment Letter to Increase Term Loan Availability to $1.1 Billion
TSL Express Daily Articles & News
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Featured
U.S. Bank Names Jimmy Whang Head of Commercial Products
U.S. Bank today announced that Jimmy Whang has been named the head of its Commercial Products group, effective June 30. In this role, Whang will lead Fixed Income and Capital Markets (Capital Markets and Sponsor Finance; Credit Fixed Income; Structured Credit; Derivatives; Foreign Exchange; Municipal Products; and ESG strategies) and Working Capital Finance (Asset Based Finance; Global Trade and Supply Chain Finance).
TSL Express Trending Story
Featured
Interview with Wells Fargo’s Mary Katherine Dubose
In July, Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. In this role, DuBose leads key lending divisions for Commercial Banking, delivering streamlined, efficient working capital solutions to serve the needs of clients globally. Through the broad portfolio of secured lending solutions, she works directly with clients, lending on a wide variety of collateral. DuBose reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.
TSL Express Daily Headlines & News
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Essential Energy Services Announces Credit Facility Renewal
May 20, 2024Essential Energy Services Ltd. (ESN.TO) ("Essential") has entered into a renewed credit agreement dated May 29, 2014 (the "Credit Agreement") with a syndicate of lenders including National Bank of Canada, The Toronto-Dominion Bank, HSBC Bank Canada and Canadian Western Bank (the "Lenders").
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Flatbay Capital Keeps the Ball Rolling with Another $2.3MM Bridge Loan Funded for a Houston-based, Aerospace Machine Shop
May 20, 2024This women-owned, family business was established in 1980 by the late patriarch of the family and specializes in high-volume production runs and prototype manufacturing for major industries such as aerospace and defense.
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Bastion Management Closes $150 Million Facility with Sezzle
May 20, 2024Bastion Management ("Bastion"), a private investment firm focused on asset-based lending in the specialty finance sector, announced today that it agented a senior debt investment of $150 million, with an accordion up to $225 million, in Sezzle Inc. (NASDAQ:SEZL) ("Sezzle" or "Company") to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates.
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CoreWeave Secures $7.5 Billion Debt Financing Facility led by Blackstone and Magnetar
May 20, 2024CoreWeave, the AI hyperscaler, today announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone ("Blackstone"), with strategic participation from Magnetar (Co-Lead Investor) and Coatue. Participation in the financing also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp.
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Red Lobster Files Voluntary Chapter 11 Petitions to Strengthen Financial Position And Maximize Value For Stakeholders
May 20, 2024Red Lobster Management LLC, along with its direct and indirect operating subsidiaries ("Red Lobster" or "the Company"), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida.
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Encina Lender Finance Provides $50 Million Senior Credit Facility to Consumer Point-Of-Sale Lending Platform
May 20, 2024Encina Lender Finance, LLC announced today that it has closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.
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Pathward Transforms Product Suite with Launch of 'Solutions for Financial Institutions'
May 20, 2024Pathward®, N.A., one of the nation’s leading financial empowerment companies, today announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.
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Eclipse Business Capital Closes $18.5MM Senior Secured Credit Facility to a Mining Company
May 20, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided an $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets.
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Provident Financial Services, Inc. Completes Merger With Lakeland Bancorp, Inc.
May 20, 2024Provident Financial Services, Inc. (NYSE: PFS) (“Provident”) announced today that its merger with Lakeland Bancorp, Inc. (“Lakeland”) was completed, creating the premier super community banking franchise in the region.
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First Capital Bancshares Announces Completion of $12 Million Private Placement
May 20, 2024First Capital Bancshares, Inc. ("First Capital"), parent company of First Capital Bank (the "Bank"), announced today the completion of a private placement of shares of its common stock to accredited individual and institutional investors.
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Associated Bank Announces Community Commitment of $2 Billion
May 16, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") today announced its $2 billion Community Commitment Plan ("CCP") that will uphold its dedication to the communities it supports and empowers. The 2024-2026 CCP marks Associated's fourth three-year commitment since 2016, which has resulted in $9 billion contributed to communities across Wisconsin, Minnesota and Illinois.
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Gray Television Announces Commencement of Proposed $1.6 Billion Refinancing Process and a Further Increase to its Revolving Credit Facility
May 16, 2024Gray Television, Inc. (“Gray,” the “Company,” “we,” or “our”) (NYSE: GTN) announced today the commencement of a refinancing process for its existing $1.15 billion term loan due 2026 and up to $450 million of its 5.875% senior notes due 2026, with the goal of extending a significant portion of its near-term debt maturities.
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Red Lobster Creditors to Weigh Bid for Assets in Chapter 11
May 16, 2024A group of lenders to Red Lobster Management LLC is considering bidding for assets through a potential Chapter 11 sale process and seizing control of the seafood restaurant chain, according to people familiar with the matter.
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Buyers Edge Platform Completes a $1.1 Billion Recapitalization to Accelerate the Next Phase of Growth
May 16, 2024Buyers Edge Platform (the "Company"), a leader in digital procurement solutions for the foodservice industry, today announced it has completed a $1.1B recapitalization to support its continued growth through the successful closing of a $560M Term Loan B maturing in 2031 and a $130M revolving credit facility maturing in 2031 ("new credit facilities").
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Alliance Funding Group Strengthens Technology Finance Division with Key Leadership Appointments
May 16, 2024Alliance Funding Group (AFG), a premier provider of customized equipment financing solutions since 1998, announces significant appointments within its Technology Finance division. Adam Doyle joins as Senior Vice President, Head of Technology Finance, and Eric DeHart assumes the role of Market Director, Technology Finance.
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Monroe Capital Supports GTCR’s Acquisition of Cloudbreak Health
May 16, 2024Monroe Capital LLC today announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Cloudbreak Health (“Cloudbreak”) by GTCR.
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Lendscape Launches Groundbreaking Data-Driven Solution to Transform Invoice Finance
May 16, 2024Lendscape, the market-leading provider of commercial finance technology, today announced the launch of Lendscape CONNECT, a revolutionary solution designed to widen access to invoice finance by removing the traditional barriers involved for lenders and their clients.
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Trinity Capital Inc. Provides $60 Million in Growth Capital to Metabolon
May 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $60 million in growth capital to Metabolon, a global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications.
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Gridiron Capital Announces Fourth Partnership in GarageCo, Cedar Park Overhead Doors
May 16, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, successfully closed its fourth partnership under the GarageCo Holdings, LLC (“GarageCo” or “the Company”) platform, with Cedar Park Overhead Doors (“Cedar Park”).
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Caleb Smith Joins Gordon Brothers as Managing Director, North America Real Estate Services
May 16, 2024In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and enhancing the operational platform to provide full life cycle portfolio optimization services to retail, office, commercial and industrial clients.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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