- Essex Capital Group Advises ProTelesis on $4.58 Million Debt Financing to Support Shareholder Buyout and Strategic Acquisition of AmerX Security
- Origis Energy Closes $290 Million Financing for Swift Air Solar II and III Projects with Natixis CIB and Santander
- Jones Day Names 33 new Partners
- Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Slide Insurance Raises Additional $35 Million of Capital
Slide Insurance, a full-stack insurtech focused on homeowners insurance, announced today the closing of a $35 million senior credit facility with Regions Bank.
TSL Express Trending Story
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In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The second place and first place winners will be published in the October and November issues of The Secured Lender, respectively.
TSL Express Daily Headlines & News
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Garrington Capital Provides $20 Million Lender Finance Facility
May 14, 2024Garrington Capital, a leading provider of capital solutions to middle- market companies in the United States and Canada, is pleased to announce the closing of a working capital revolver of up to $20 million to a California-based vehicle finance company.
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David Zolot Joins Tiger Capital Group as Managing Director, Brand Strategies
May 14, 2024David Zolot, a high-impact investment professional who brings nearly 25 years of experience in corporate, IP and consumer-brand strategy, has joined Tiger Capital Group as Managing Director, Brand Strategies.
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Stonebriar Finance Holding LLC Completes Significant Increases to its Primary Credit Facilities
May 14, 2024Stonebriar Finance Holding LLC (“Stonebriar”) announced its completion of significant increases and extensions to its primary credit facilities as it positions itself for continued growth. In April, Stonebriar increased the size of its unsecured revolving credit facility to over $500 million and extended the facility’s maturity date to April 2027.
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Kolibri Global Energy Inc. Announces Bank Line Increase to $50 Million
May 14, 2024Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. was increased from US$40 million to US$50 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”), an increase of 25%. The current outstanding amount drawn on the Credit Facility is US$32 million.
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John Marshall Bank Hires Ross A. Berman as Senior Vice President, Commercial Team Lead in Rockville
May 14, 2024-John Marshall Bank (the “Bank”), subsidiary of John Marshall Bancorp, Inc. (Nasdaq: JMSB), is proud to announce the recent hire of Ross A. Berman as Senior Vice President, Commercial Team Lead in the Rockville Market. Mr. Berman will use his over 21 years of experience as a community banker to lead the commercial sales and business development efforts in the Bank’s DC Metro market.
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Monroe Capital Supports TZP Group’s The Black Tux, Inc.
May 14, 2024Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility in support of refinancing of The Black Tux, Inc. (“The Black Tux”), an existing portfolio company of TZP Group and Stripes Group.
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Allied OMS and its Doctor Shareholders Secure $116 Million Credit Facility
May 14, 2024Allied OMS, the first and only doctor-led and governed management services organization (MSO) for top-tier oral and maxillofacial surgery practices, announced today that it has closed on a $116 million credit facility from four leading banks in the healthcare sector. KeyBanc Capital Markets served as left lead arranger for the syndicate, which includes BankUnited, N.A., Umpqua Bank, and First-Citizens Bank & Trust Company.
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Raymond James Establishes New Private Credit Business
May 14, 2024Raymond James is expanding the capabilities of its Investment Banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit solutions to sponsor-backed portfolio companies in four primary sectors: Consumer, Diversified Industrials, Healthcare and Technology & Services.
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Franklin Capital Announces Two $1 Million Factoring Facilities
May 14, 2024
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Franklin Capital Announces Two $1 Million Factoring Facilities
May 14, 2024Franklin Capital is pleased to announce the completion of two $1,000,000 factoring facilities. Franklin Capital funded a $1 million factoring facility to an IT supply staffing company and $1 million for a factoring facility media powerhouse.
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Wolters Kluwer Launches Regulatory Violations Intelligence Index to Highlight Key Trends in U.S. Regulatory Supervision
May 14, 2024Wolters Kluwer has unveiled a compilation of penalties imposed by U.S. financial services regulators over the past several years, providing compliance officers strategic insights into the aggregate volumes and penalty amounts issued to financial services institutions in the United States. Covering a period from 2018 through 2023 reflected in half-year increments, the Regulatory Violations Intelligence Index examines key violation categories—competition-related offenses, consumer protection-related offenses and financial offenses—across federal and state regulatory bodies.
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Wintrust Business Credit Announces Closing of $15M ABL Line of Credit to Aerospace Distribution Business
May 13, 2024Wintrust Business Credit (WBC) is happy to announce the closing of a new $15,000,000 ABL line of credit for a Southeast-headquartered aerospace distribution business with subsidiaries from the Southwest to the Northeast.
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NextEnergy Extends Credit Facility to Allow for Future Investments
May 13, 2024NextEnergy Solar Fund Ltd on Friday announced it extended a credit facility with Banco Santandar SA. The Guernsey-based specialist investor in solar energy and energy storage said the GBP70 million facility, originally due to expire in June, is now available for an additional 12 months.
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Mogo Extends Maturity of $60 Million Credit Facility to 2026
May 13, 2024Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced an amendment to its existing senior credit facility (“Credit Facility”) with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The amendment extends the maturity date of the Credit Facility from July 2, 2025 to January 2, 2026
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Creative Realities to Restructure Debt Through Revolving Credit Facility
May 13, 2024Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage and media solutions, today announced that it had signed a non-binding commitment letter with First Merchants Bank (“First Merchants”) for a $20 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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MidCap Financial and Great Rock Capital Provide a $140 Million Senior Secured Credit Facility to Sponsor-Owned Housewares Company
May 13, 2024MidCap Financial, a middle-market focused, specialty finance firm, and Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided a $140 million senior secured revolving credit facility to a global manufacturer, distributor, and marketer of houseware products.
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Pathward Lends $3 Million to Baking Products and Packaging Manufacturer to Provide Working Capital
May 13, 2024The Commercial Finance division of Pathward®, N.A., today announced a $3 million asset-based line of credit facility for the acquisition of a baking products and packaging manufacturer in Ohio by a California firm in the confections industry. The financing provided the company with funding for the acquisition and ongoing working capital.
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Pathward Lends $4 Million to Growing Arts and Crafts Company to Finance Overseas Orders
May 13, 2024The Commercial Finance division of Pathward®, N.A., today announced a $4 million ledgered line of credit facility to Georgia-based company that sells and promotes arts and crafts. The company is experiencing significant sales growth with a new retail distribution partner and will use the line of credit to finance overseas orders.
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Siena Lending Group Closes New $35 Million Credit Facility for Charah Solutions, Inc.
May 13, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $35 million credit facility with Charah Solutions, Inc. (“Charah”) or (“Company”), a leading provider of mission-critical environmental services and by-product recycling to the power generation industry. The new two-year credit facility was utilized to refinance existing debt as well as to provide additional working capital to support the Company's growth.
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Buchalter Welcomes Shareholder in Los Angeles to its Growing Corporate Practice, Expands Latin America Practice
May 13, 2024Buchalter is pleased to announce the addition of Juan Pablo Albán as a Corporate Shareholder in its Los Angeles office. Albán also joins as a member of the firm’s recently established Latin American Practice Group.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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