- The Hedaya Capital Group Powers Client Growth With $33 Million in 2026 Factoring and Inventory Financing Facilities
- Milestone Bank Announces First Closings Under ABL Division
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- RelPro Achieves Inc. 5000 Ranking for Sixth Consecutive Year
- J.S. Held Acquires Steeplechase Advisors, Deepening National Restructuring and Turnaround Expertise
TSL Express Daily Articles & News
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Doing What We Do Best: Current Economic Environment Provides Opportunities
“Geopolitical concerns, maintaining strong credit quality, and the constant impacts of inflation and interest rates are all top issues to watch in 2024,” said ABCC Conference Chair, Barry Bobrow, who serves as managing director and head of Credit Markets for Regions Business Capital. “ABCC’s panels and networking events are designed to provide education and key insights on these topics and more. The Conference is a great opportunity to help attendees set their business strategy for the coming year. We look forward to welcoming everyone in February.”
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SFNet Women in Secured Finance Conference Addresses Strategies for Navigating Economic, Professional and Personal Change
The SFNet Women in Secured Finance Committee planned and hosted a thought-provoking conference on June 14 and 15 that afforded women in secured finance an opportunity to explore strategies for navigating economic, professional and personal change, while also providing ample opportunities to network with other women in the finance industry. This day and a half conference started with a welcome reception at Paul Hastings the evening of June 14, followed by a full-day conference on June 15.
TSL Express Daily Headlines & News
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Wolters Kluwer Poll Reveals That Over half of Businesses Impacted are Waiting Until Year’s end to Complete Their Beneficial Ownership Reporting
December 4, 2024Just weeks before a year-end reporting deadline, a majority of survey respondents indicated they are either waiting until closer to year’s end (37%) or are not sure of the need to file their beneficial ownership information (BOI) reports (32%), according to a Nov. 12 webinar poll of 4,427 U.S. businesses conducted by Wolters Kluwer CT Corporation.
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LSQ Creates $10MM AR Finance Facility for California Biosolutions Company
December 4, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $30 million accounts receivable credit facility for a New York-based staffing company.
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MUFG Announces Executive Leadership Changes Within its Securities Business
December 4, 2024MUFG, one of the world's leading financial groups, has announced executive leadership changes within its Securities business. Denis McHugh has been appointed Chief Executive Officer for MUFG Securities Americas Inc. (MUSA), effective February 1, 2025.
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Winston & Strawn Names 20 New Partners
December 4, 2024Winston & Strawn LLP is pleased to announce that 20 of the firm’s lawyers have been elevated to partner. These accomplished lawyers represent 11 practice areas and eight offices globally. The new partners reflect the broad scope of the firm’s capabilities and the varied clients and high-growth industries we serve.
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Siena Lending Group LLC Closes $23 Million Credit Facility for SIFCO Industries Inc.
December 4, 2024Siena Lending Group LLC ("Siena"), a leading provider of asset-based lending solutions, is pleased to announce the closing of a new senior secured credit facility for SIFCO Industries, Inc. ("SIFCO" or the "Company"), a global manufacturer of highly engineered, critical components for the aerospace and industrial sectors. The facility provides SIFCO with significant financial flexibility to repay its senior debt, support its growth initiatives, working capital needs, and overall business operations.
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First Citizens Bank Names Gina Downing as Vice President in Equipment Finance
December 4, 2024First Citizens Bank today announced that its Equipment Finance group has named Gina Downing as a vice president on its industrial team. Gina will be responsible for supporting clients and growing the value of lending and leasing portfolio with a focus on construction, transportation, and materials handling equipment dealers across the Midwest region.
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eCapital Accelerates $35 MM in Growth Financing for Leading Colorado Commercial Printer
December 4, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has provided a $35 million asset-based lending (ABL) facility to a Colorado-based company specializing in large-format digital printing that serves a range of high-profile commercial clients.
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Tony Grant Joins A&G as Senior Managing Director
December 4, 2024Responding to the surge in demand for strategic approaches to real estate among both healthy and distressed operators across all sectors, A&G Real Estate Partners has tapped industry veteran Tony Grant as Senior Managing Director.
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Great Rock Capital Closes $33.5 Million Revolving Credit Facility
December 4, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $33.5 million senior secured revolving credit facility for an industry-leading blasting and abrasives company.
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 4, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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Fund Finance Attorney Misha Daha Joins Vedder Price’s New York Office as Shareholder
December 4, 2024Vedder Price is pleased to announce the addition of fund finance attorney Misha Daha to the firm’s New York office as a new Shareholder in the firm’s expanding East Coast finance practice.
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Monroe Capital Supports Shamrock Capital’s Acquisition of DE-YAN
December 4, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of DE-YAN by Shamrock Capital.
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EverBank Announces Newest West Coast Financial Center in Roseville, Calif.
December 4, 2024EverBank, N.A., a national specialty bank serving clients across the United States, today announces the opening of its Roseville financial center to provide consumer and commercial banking solutions to a growing base of clients in the Greater Sacramento area.
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Pemberton and Santander CIB Agree Strategic Partnership to Launch Invensa, a Global Inventory Management and Solutions Platform
December 4, 2024Pemberton Asset Management (“Pemberton”), a leading European private credit manager, and Santander Corporate & Investment Banking (“Santander CIB”), Santander’s global division that supports corporate and institutional clients, today announce a strategic partnership to launch Invensa, a new company focused on providing large and mid-sized corporates with supply chain inventory solutions.
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Gateway Fiber Upsizes Credit Facility to $250 Million, Funding Continued Growth in Nationwide Fiber Deployment
December 4, 2024Gateway Fiber, a leading fiber internet provider, is pleased to announce the closing of an incremental $75 million in debt financing. Proceeds from the capital raise will fund continued expansion of Gateway’s fiber network through 2025 in three key markets – Missouri, Minnesota, and Massachusetts.
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OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of FloWorks
December 4, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for the private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”). FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications.
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Study Reveals Global Deal Making Heading for Recovery After Tough Year as Rates are Cut
December 4, 2024Deal-making and financing globally are set for recovery in the year ahead after a tough past 12 months as interest rates ease worldwide, new global research* from Ocorian, the specialist global provider of services to financial institutions, asset managers, corporates and high net worth individuals shows.
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T-Max Lending LLC Provides $14 Million Loan to Upgrade 203-Unit Apartment Tower in Burlington County, NJ
December 4, 2024T-Max Lending LLC, a leading private loan firm specializing in tailored real estate financing solutions, has announced the successful funding of a $14 million loan to support the renovation and modernization of a 203-unit apartment tower in Burlington County.
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Hercules Capital Renews and Increases Its Multi-Currency SMBC Credit Facility to $300.0 Million
December 2, 2024Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has renewed and upsized its existing $225.0 million credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) with an upsized credit facility under which Synovus Bank, Customers Bank and Apple Bank, together with SMBC.
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Golden Ridge Announces Credit Facility with MM Group Ltda.
December 2, 2024GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") announces that in connection with its previously announced acquisition (the “Proposed Transaction”) of 80% of the issued and outstanding membership interests in MM Group Ltda. (“MMG”) it has entered into a credit facility agreement dated November 29, 2024, pursuant to which the Company has agreed to advance to MMG up to an aggregate of $950,000 (the “Loan”).
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