- Monroe Capital Supports IMMEC’s Investment in Helton Electrical Services
- News Detail
- Culain Capital Provides $1.5MM AR Factoring Facility to Growing Workforce Solutions Provider
- Salem Five Secures $6 Million Credit Facility for Magnus Texx, LLC to Support Continued Strategic Expansion & Supply Chain Growth
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TSL Express Daily Articles & News
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Featured
New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
Morgan Lewis will bolster its finance team by bringing in five partners in New York—a transactional restructuring and bankruptcy litigation team led by Richard Stern and including Michael Luskin, Stephan Hornung, Matthew O’Donnell, and Alex Talesnick. This team will further strengthen the firm’s services to financial institutions across corporate, finance, bankruptcy, litigation, and restructuring needs.
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Featured
Convention Panel on Cannabis Points to Growing Market with Many Red Flags
Cannabis remains a controlled substance at the federal level, but a number of states have legalized it under state law. As a result, marijuana-related business (MRB) lending is ripe for growth. However, banks and non-bank lenders are entering this sector with caution. The presenters at SFNet’s 78th Annual Convention in November provided Canadian and U.S. perspectives on this dynamic market.
TSL Express Daily Headlines & News
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Online Oilfield Equipment Auction on July 30 Features Gas Compressors, Generators, Drill Bits, Downhole and Fishing Tools and More
July 23, 2024More than 70 gas compressor packages, downhole and fishing tools, and other oilfield and heavy equipment assets are available in an online auction that closes on July 30th.
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First Business Bank Funds $3 Million Factoring Facility For Eco-Friendly Bottled Water Company
July 23, 2024First Business Bank’s Accounts Receivable Financing group announces the funding of a $3 million factoring facility for an eco-friendly bottled water company. The packaging and bottling are designed to minimize detrimental effects to the environment.
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Assembled Brands Capital Welcomes Ann Parker as Senior Credit Risk Associate
July 23, 2024Assembled Brands Capital is pleased to announce the appointment of Ann Parker as Senior Credit Risk Associate. In her new capacity, Ann will play a crucial role in enhancing the company's credit risk assessment strategies and supporting its expansion within the CPG sector.
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Rosenthal Closes Three ABL Transactions Totaling Nearly $20 Million
July 23, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the recent completion of three asset-based lending transactions totaling $19.5 million.
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nFusion Capital Expands Lending Capacity with New $75MM Line of Credit
July 23, 2024nFusion Capital Finance, LLC, a leading commercial finance company to entrepreneurs, today announced that it has closed and funded a line of credit agented by Synovus Bank, through its Specialty Finance Division, for $75 million. This new facility will allow nFusion Capital to continue its exponential growth.
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Emily Reeves Joins Franklin Capital as VP of Sales
July 22, 2024Franklin Capital is very pleased to announce that Emily Reeves has joined the company as Vice President of Sales. In this role, Emily will be responsible for growing Franklin’s sales team and driving the growth of the company's sales efforts.
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Business Development Resources Announces Partnership with Southfield Capital
July 22, 2024Business Development Resources, Inc. ("BDR" or the "Company"), a leading business coaching and training organization to field services contractors and distributors, announced today its partnership with Southfield Capital, a premier lower middle market private equity firm.
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Tenet Secures Credit Facility of Up to $5M and Terminates Private Placement Financing
July 22, 2024Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that it has secured a credit facility of up to $5,000,000 from Petiana Capital Inc. ("PCI"), and has terminated its ongoing private placement of units of convertible debentures and warrants whereby the Company was looking to raise an additional $5,000,000 (the "Financing").
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Gibraltar Business Capital Provides $12.5MM to Disruptive Consumer Goods Company
July 22, 2024Starco Brands (STCB), which has five brands under one company umbrella, has been actively expanding its offerings by inventing and acquiring behavior-changing brands and technologies, including Soylent Nutrition, Skylar Body, Art of Sport, Whipshots, and Winona.
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Great Rock Capital Provides $25 Million of Liquidity to a Sponsor-Owned Pet Supply Company
July 22, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $25 million of liquidity through a senior secured credit facility to Phillips Pet Food & Supplies (“Phillips”).
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Kawasaki Motors Finance Corporation Extends Partnership with Solifi in North America
July 22, 2024Solifi, a global fintech software partner for secured finance, announced that Canadian Kawasaki Motors Finance Corporation (CKMFC) has successfully migrated its Canadian operations to Solifi Wholesale Finance, expanding its usage across North America.
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Leslie Berkoff & Theresa Driscoll Named To Lawdragon's 500 Leading U.S. Bankruptcy & Restructuring Lawyers For 2024
July 22, 2024Moritt Hock & Hamroff announced today that Leslie Berkoff and Theresa Driscoll, Partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2024. The annual Lawdragon 500 Leading Lawyers in America is the most elite distinction in the profession, covering the best of the best in all practice areas.
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Gridiron Capital Completes Fifth Partnership in GarageCo, Quality Overhead Door
July 22, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, successfully closed its fifth partnership under the GarageCo Holdings, LLC (“GarageCo” or the “Company”) platform, with Quality Overhead Door (“QOD”). QOD, based in Toledo, Ohio, is a family-owned and operated provider of repair and replacement services for residential and commercial garage doors.
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Stonebriar Commercial Finance Closes $25 Million to a Regional Lumber Company
July 22, 2024Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of an incremental $25MM secured term loan to a major regional lumber company. The loan is secured by all production equipment and other assets such as rolling stock, real estate and timber tracts.
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DataCore Secures US$60 Million in Funding to Accelerate Growth and Innovation
July 22, 2024DataCore Software, an industry leader in the data infrastructure and management space, has achieved a significant milestone by raising US$60 million in a financing round led by Vistara Growth, a provider of flexible growth capital to innovative technology companies.
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Davis Polk Welcomes Sponsor Finance Partner Nick Caro
July 22, 2024Mr. Caro represents a wide range of clients, including private equity firms and their portfolio companies, public and private companies, family offices, private wealth funds, and other issuers and investors.
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NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)
July 22, 2024Dot Energy®, a leading developer of community-scale clean energy projects, today announced the closing of a new $25 million revolving credit debt facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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goeasy Ltd. Announces Increase to Revolving Credit Facility
July 22, 2024goeasy Ltd. (TSX: GSY), ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, announced today that it has completed an amendment to increase its existing senior secured revolving credit facility (the "Credit Facility"), including a term extension, borrowing enhancements and the addition of three new lenders.
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Litigation Lending Services Announces a New $35 Million Credit Facility
July 22, 2024Litigation Lending Services (LLS), a pioneering force in the litigation funding industry for over 25 years, proudly announces the completion of a strategic $35 million credit facility with a leading Australian based global alternative asset manager. This credit facility further bolsters the Company’s robust financial structure in tandem with its existing fund and balance sheet.
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Autoliv Secures $125 Million Revolving Credit Facility
July 22, 2024Autoliv (NYSE:ALV) Inc., a global leader in automotive safety systems, has entered into a $125 million revolving credit agreement with Standard Chartered (OTC:SCBFF) Bank, announced on Thursday. The five-year facility, which matures on May 23, 2029, will bolster the company's financial flexibility and support general corporate functions.
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