- Sallyport Commercial Finance Provides a $1 Million Factoring Facility for a Growing Canadian Manufacturer
- TSL Subscriber Only Content
- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- TSL Feature Articles
- Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
TSL Express Daily Articles & News
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Holland & Knight Strengthens Finance Practice in Los Angeles with Additions of Hamid Namazie, Yoojin Lee and Mark Spitzer
Hamid Namazie, Yoojin Lee and Mark Spitzer, three highly regarded finance attorneys in Los Angeles, have joined Holland & Knight's Financial Services Team as partners. They will also be members of the firm's Asset-Based Lending Team. Mr. Namazie, Ms. Lee and Mr. Spitzer join the firm from McGuireWoods LLP, where Mr. Namazie served as managing partner of the firm's downtown Los Angeles office.
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This Is Not a Drill - SFNet's Cross-Border Lending Summit 2022 Returns September 15 and September 22
SFNet's Cross-Border Lending Summit - “This Is Not a Drill” – is returning live online event on September 15 and September 22, 2022, from 10:00 a.m. - 12:00 p.m. ET each day. For the 9th year in a row, SFNet is bringing timely and provocative panels addressing issues that challenge asset-based lenders doing cross-border deals. So much has happened in just the last six months: Boris Johnson stepping down, Russia in Ukraine, potential food supply shortages, climate extremes. Companies now must reevaluate supply chains and vendors based in part of geopolitical risk. Not to mention an inflationary environment the likes of which we have not seen in years. In this time of rapid change, SFNet is gathering together industry experts to explore and illuminate the current landscape and what you should be thinking about in the months and years to come.
TSL Express Daily Headlines & News
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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.
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The Baldwin Group Announces Upsize and Pricing of $600 Million Offering of Senior Secured Notes due 2031
May 13, 2024The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) (“Baldwin”) (NASDAQ: BRP), announced today the pricing of the previously announced offering by its direct subsidiary The Baldwin Insurance Group Holdings, LLC (“Baldwin Holdings”) and a wholly-owned corporate subsidiary of Baldwin Holdings of $600 million (representing an upsize from the previously announced $500 million) aggregate principal amount of senior secured notes due 2031 (the “notes”).
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Haynes Boone Advises WinVest on Proposed Business Combination with Xtribe and Nasdaq Public Listing
May 13, 2024Haynes and Boone, LLP represented WinVest Acquisition Corp. (“WinVest”) (Nasdaq: WINV), a publicly traded special purpose acquisition company, in its proposed business combination with Xtribe P.L.C., a UK-based technology platform that aims to revolutionize local e-commerce.
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C3 Rentals LLC Secures $100 Million Debt Facility to Fuel Expansion and Enhance Trailer Ownership Accessibility
May 13, 2024C3 Rentals LLC ("C3"), a leader in trailer rental and ownership solutions, has successfully secured a $100 million debt facility funded by WhiteHawk Capital Partners, LP ("WhiteHawk") and arranged by Ankura Capital Advisors. This strategic financial boost is aimed at increasing liquidity and supporting the company's future working capital needs, enabling further expansion across the United States.
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FrontWell Capital Partners Provides USD$14.2 Million Senior Secured Credit Facility to Uniroyal Engineered Products LLC
May 13, 2024FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$14.2 million secured credit facility with Uniroyal Engineered Products LLC. (“Uniroyal”), a manufacturer of vinyl-coated fabrics and soft trim technologies.
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Eclipse Business Capital Provides $105.8MM Senior Secured Credit Facility to a Sporting Goods Manufacturer
May 13, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $105.8 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a sporting goods manufacturer.
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Pathward lends $8 Million to PVC and Thermoplastics Manufacturer to Provide Working Capital
May 13, 2024The Commercial Finance division of Pathward®, N.A., today announced an $8 million asset-based revolving line of credit facility to a PVC and thermoplastics manufacturer in Indiana. The financing provides the company with funding to pay off its current line of credit and to provide ongoing working capital.
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Sallyport Commercial Finance Delivers $2 Million in Finance for an Optical Technology Business
May 13, 2024Sallyport Commercial Finance is delighted to announce $2M in finance for a leading developer of cutting-edge optical equipment and corneal topography technology. This funding comprises cash flow loans and inventory finance as the business sets its sights on accelerating domestic revenue, achieving financial stability and further advancing its research and development endeavors.
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Foothills Capital Advisory Launches to Provide Businesses with Critical Working and Growth Capital
May 13, 2024Nabil Istafanous today announced the launch of Foothills Capital Advisory, a practice dedicated to helping businesses secure the necessary working and growth capital to succeed in today's challenging credit environment.
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QuickFi® Announces Expansion into Canada
May 13, 2024QuickFi® is pleased to announce the expansion of its QuickFi equipment financing platform into Canada. The patented QuickFi platform enables OEMs to offer equipment buyers a consistent, nearly instant, self-service equipment financing experience throughout the U.S. and Canada.
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Don Norman Named Senior Portfolio and Relationship Manager for CIT Commercial Services
May 13, 2024In his new role, Norman will be responsible for managing a portfolio of clients while consistently supporting the overall growth of Commercial Services in the Western region. Based in Los Angeles, he will report to Michael Raynor, portfolio team leader, under the direction of Western Regional Manager Darrin Beer.
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SSG Advises Eiger BioPharmaceuticals, Inc. in the Sale of Zokinvy(R) Program Assets to Sentynl Therapeutics, Inc.
May 13, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Eiger BioPharmaceuticals, Inc. (“Eiger” or the “Company”) in the sale of substantially all of its assets related to the FDA-approved drug Zokinvy®, to Sentynl Therapeutics, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The transaction closed in May 2024.
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