- Brean Capital Extends and Upsizes Corporate Note to $30 Million for North Mill
- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- Asset-Based Lending & Factoring Surveys
- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- King & Spalding Elects 27 Partners and 17 Counsel for 2026
TSL Express Daily Articles & News
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The Rockport Company Looks to Sell Assets and Pursue Financial Reorganization
The Rockport Company, LLC (“Rockport” or “the Company”), a leading global footwear brand known for its superior comfort, announced that it, CB Marathon Midco, LLC, Rockport IP Holdings, LLC, Rockport UK Holdings Ltd. and CB Footwear Services, LLC have commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware in order to review and restructure its assets for the benefit of all stakeholders and to better position the brand for future growth opportunities.
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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.
TSL Express Daily Headlines & News
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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Associated Bank Adds Chun Schiros as Chief Analytics Officer to Help Lead Data and AI Innovation
May 9, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the expansion of its product and marketing leadership team with the addition of Chun Schiros as senior vice president, chief analytics officer. Schiros will focus on enhancing the bank's ability to access and use data effectively and efficiently to attract, deepen and retain customer relationships across all lines of business, including consumer, small business, corporate banking and private wealth.
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Ramaco Resources, Inc. Announces Increase and Term Extension of Revolving Credit Facility
May 9, 2024The Company's principal lender, KeyBank, N.A. ("KeyBank"), has now led a bank syndicate that increased the Company's overall credit facility to $275 million (the "Facility"). This consists of an aggregate revolving commitment of $200 million with an accordion feature for an additional $75 million available upon mutual agreement. The term of the Facility has also been extended to five years expiring in 2029.
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Benefit Street Partners Closes Second Special Situations Fund
May 9, 2024Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment approach of its predecessor fund.
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The ODP Corporation Renews and Extends Existing Asset-Based Credit Facility
May 9, 2024The ODP Corporation (NASDAQ:ODP) (“ODP,” or the “Company”), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that it has amended and extended its existing asset-based credit facility.
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NXT Capital Closes Senior Credit Facility in Support of Shoreline Equity Partners’ Refinancing of Engelman’s Bakery
May 9, 2024NXT Capital announced today that it has provided a senior credit facility to support Shoreline Equity Partners’ refinancing of Engelman’s Bakery. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.
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Sam Ash Files for Bankruptcy Protection, Moves to Reposition Company
May 9, 2024Sam Ash—the century-old American music retailer that became a beloved institution for generations of amateur and professional musicians alike—filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of New Jersey.
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Encina Private Credit Serves as Club Lender For Senior Secured Credit Facility For John Staurulakis, LLC
May 9, 2024Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as club lender providing a First Out tranche in a senior secured credit facility supporting Stone Goff portfolio company John Staurulakis, LLC (“JSI”). JSI is a full-service consulting and broadband solutions leader, providing a complete range of operational, financial, management, engineering, regulatory, and strategic assistance to US communications providers.
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First Citizens Bank Arranges $260 Million in Financing for Skilled Nursing Facilities
May 9, 2024First Citizens Bank today announced that its Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.
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Cambridge Savings Bank's Supports Renovation of Chesterbrook Community Center with Donation
May 9, 2024Cambridge Savings Bank continues to provide support for important local organizations, and is pleased to announce a $25,000 donation to local Waltham, MA based Chesterbrook Community Foundation. Chesterbrook’s Community Center is a vibrant, nurturing place where the children not only benefit from academic tutoring, but also engage in mentoring relationships with college students.
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Fernando Rivas to Join Wells Fargo as Co-CEO of Corporate & Investment Banking
May 9, 2024Wells Fargo & Company (NYSE: WFC) announced today that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company’s Operating Committee, effective today. Rivas and Jon Weiss, who has been CIB’s CEO since February 2020, will lead the business together.
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HCAP Partners Elevates Investment Team
May 9, 2024HCAP Partners, a California-based private equity firm and nationally recognized impact investor, is pleased to announce the promotion of Jessica Kim and Ben Consoli to Vice President and the addition of Senior Associate Chenjing Wang to its investment team.
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Byline Sponsor Finance Supports Prospect Partners’ Investment in Warren Roofing
May 9, 2024Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration (“CBR”), and Total Roofing Services (collectively, “Warren Roofing” or the “Company”). BSF was represented by Duane Morris, LLP.
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Jason Shanahan Joins Tiger Finance as Managing Director
May 9, 2024Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, has joined Tiger Finance as a Managing Director. From his base in Tiger's Boston office, Shanahan will focus on identifying both secured debt financing and equity capital opportunities, as well as utilize his experience to further strengthen the Tiger Finance operating platform.
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Monroe Capital Supports Point 41 Capital Partners’ Acquisition of Interstate AC Service, LLC
May 9, 2024Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, LLC (“Interstate AC”), Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners.
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Small Business Optimism Jumps Ten Percent, New TD Bank Survey Shows
May 9, 2024According to the results of the 2024 Small Business Survey, released today by TD Bank, America’s Most Convenient Bank®, a large majority of small business owners (SBOs) have a positive outlook on the future of their business. 90% of the SBOs surveyed noted their optimism for the future of their business in the next 12 months, which is up from 80% in 2023, indicating a light at the end of the tunnel following prolonged turbulence in the economic environment.
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First Citizens Names Jason Goldberg Regional Sales Manager for CIT Commercial Services
May 8, 2024First Citizens Bank today announced that its CIT Commercial Services subsidiary has named Jason Goldberg as a regional sales manager dedicated to increasing new business in the Northeast.
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SLR Business Credit Announces a $28 Million Senior Debt Investment in an Equipment Distribution Company
May 8, 2024SLR Business Credit (SLRBC) is excited to partner with this company, a preeminent North American distributor of mobile air compressors, generators, and air tools. The firm is also an innovator in creating a sustainable hybrid energy system which alters how contractors and producers can deliver productivity, increase safety and engineering efficiency in real-time, a first step towards zero-emissions production. T
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Hedaya Provides $5 Million Factoring Line to a Home Textiles Company
May 8, 2024The Hedaya Capital Group provided a $5 million factoring line to a home textiles vertical mill business. Headquartered in New York and operating for over 20 years, the textile company in partnership with an overseas manufacturer specializes in bedding and sells to major retailers such as Macy’s, HomeGoods and T.J. Maxx.
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SFNet's The 81st Annual Convention Issue
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