- Faccorp Funds Three New Factoring Facilities so far Q1; Supporting Growth Across Security, Infrastructure, and Energy Sectors
- Haynes Boone Advises Knightscope on Acquisition to Expand Integrated Autonomous Security Platform
- Womble Deepens M&A, Private Equity Bench in New York
- Bank Economists See Moderate Growth, Persistent Inflation Amid Geopolitical Uncertainty
- Hilco Global Appoints Ted Tomaras as Chief Operating Officer, Professional Services
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Blank Rome Assembles Team of Leading Attorneys to Open Dallas Office
Blank Rome LLP announced today the opening of a new office in Dallas—the firm’s 15th office and second in Texas—with the addition of seven attorneys. Aligning with Blank Rome’s core strengths, the Dallas team is a powerhouse combination of leading corporate, real estate, and finance attorneys with national practices. The new office is located at The Crescent in Uptown.
TSL Express Trending Story
Featured
TSL’s editor-in-chief gathered the heads of several nonbank regional asset-based lenders to discuss the industry from their point of view, including the challenges and opportunities, effects of COVID and their predictions for the upcoming year.
The executives interviewed are Tom Cleveland, managing partner, Access Business Finance; Michael Fussell, president, Aegis Business Credit; J. Brad Leach, president & CEO, Lighthouse Financial Corp.; Rhett Rowe, CEO, Great Lakes Business Credit; and Patrick Trammell, founding member and president, Southeastern Commercial Finance.
The executives interviewed are Tom Cleveland, managing partner, Access Business Finance; Michael Fussell, president, Aegis Business Credit; J. Brad Leach, president & CEO, Lighthouse Financial Corp.; Rhett Rowe, CEO, Great Lakes Business Credit; and Patrick Trammell, founding member and president, Southeastern Commercial Finance.
TSL Express Daily Headlines & News
-
CyrusOne Secures $9.7 Billion in New Debt Capital to Fund Datacenter Growth
July 8, 2024CyrusOne, a leading global data center owner, developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, today announced the closing of a $7.9 billion Warehouse Credit Facility. The executed transaction is incremental to the $1.8 billion Revolving Credit Facility financing completed in May, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders.
-
Rosenthal & Rosenthal Closes Three California-Based Transactions
July 8, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two asset-based lending transactions totaling $7.5 million and one collection factoring facility.
-
Sallyport Commercial Finance Provides $2 Million to a Canadian Distribution & Storage Business
July 8, 2024Sallyport Commercial Finance announced it has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage company based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts.
-
PPL Group to Auction Oilfield Directional Drilling Company in West Texas
July 8, 2024PPL Group will be conducting a webcast auction for the assets of AIM Directional Services, LLC – a leader in Directional Drilling, Mud Motor Services and Measurement While Drilling (MWD) Services and Tools for the oilfield.
-
Flushing Bank Welcomes Gary Raisig as Senior Vice President and Group Sales Executive for Business Banking
July 8, 2024Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that Gary Raisig has joined the bank as Senior Vice President and Group Sales Executive for the Business Banking team. Reporting to the Director of Business Banking, Raisig succeeds the retiring Group Sales Executive ensuring a smooth transition in continuing its commitment to midsize businesses in the local New York market.
-
Grant Thornton’s Jim Wittmer Named Managing Principal of the Firm’s Atlantic Coast Region
July 8, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Jim Wittmer the managing principal of the firm’s Atlantic Coast region. In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Baltimore, Pittsburgh and Philadelphia, where he is based.
-
Penn Community Bank Welcomes New Commercial Banking Team Leader
July 8, 2024Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce the hiring of Zac Collins, SVP – Commercial Banking Team Leader. In his new role, Zac will lead a team focused on Commercial and Industrial (C&I) Banking in the Bucks and Montgomery counties, as well as Lehigh Valley.
-
Blank Rome Welcomes Leading Private Equity and M&A Team in New York
July 8, 2024Blank Rome LLP is pleased to announce that Jeffrey “Jeff” A. Fickes and Christopher “Chris” J. DePizzo have joined the firm’s New York office as partners in the Corporate, M&A, and Securities group. They bring extensive experience representing businesses and investors throughout the United States and internationally in private equity (“PE”) transactions, mergers and acquisitions (“M&A”), and other corporate matters.
-
Assembled Brands Capital Partners with 4 Rapidly Growing CPG Brands, Boosts Portfolio with New Investments
July 8, 2024Assembled Brands Capital, a leading asset-based lender for businesses in the CPG ecosystem, recently closed four new credit facilities for high-growth CPG brands spanning various industries. The lender specializes in comprehending the financial needs and operational challenges faced by businesses, such as branded ecommerce companies, omnichannel brands, distributors, and more.
-
GFL Environmental Inc. Successfully Reprices and Extends its Senior Secured Term Loan
July 8, 2024GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company"), a leading North American diversified environmental services company, today announced that it has amended its US$725.0 million senior secured term loan to reduce its borrowing rate to SOFR +200 basis points from the previous SOFR +250 basis points, in a transaction that was significantly oversubscribed.
-
Sallyport Commercial Finance, LLC Celebrates its 10-Year Anniversary
July 8, 2024Sallyport Commercial Finance, LLC announced its 10-year anniversary. The company stated: From our humble beginnings to becoming a trusted leader in alternative finance, this journey has been nothing short of extraordinary. We owe this success to our amazing team, our investors, introducers and of course, the wonderful business owners we work with.
-
Wolters Kluwer Experts Provide Insights on Beneficial Ownership Reporting Requirements for Large Operating Companies
July 8, 2024With Beneficial Ownership Information (BOI) reporting requirements now in effect as part of the Corporate Transparency Act (CTA), Wolters Kluwer CT Corporation is responding to a range of questions submitted by businesses and individuals seeking clarity on “large operating company” exemptions. CT Corporation online BOI resources are helping address those queries to aid greater understanding of impacted organizations’ reporting obligations.
-
In Memoriam: Debra Putzer
July 8, 2024
-
Eclipse Business Capital Provides $101.2MM Senior Secured Credit Facility To An Automotive Parts Manufacturer
July 8, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $101.2 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to an automotive parts manufacturer. The credit facility is secured by accounts receivable, inventory, and machinery & equipment.
-
Peter Williams to Join Cahill's New York Office as a Partner and Co-Head of its Private Credit Practice
July 8, 2024Cahill Gordon & Reindel LLP announced today that Peter Williams will join the firm on July 15 as a partner in New York, where he will serve as Co-Head of its Private Credit practice.
-
Wingspire Capital Provides $60 Million Senior Secured Revolver to Comtech Telecommunications Corp.
July 8, 2024Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. (Nasdaq: CMTL). The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit.
-
Entrepreneur Growth Capital LLC Provides $2,000,000 Line of Credit to Frozen Seafood Distributor
July 8, 2024Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $2 million asset-based facility for a frozen seafood distributor. The facility provides availability against both accounts receivable, inventory and monthly recurring revenue (“MRR”).
-
J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 8, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June.
-
Lion Electric Announces Amendments to Certain Senior Credit Instruments and the Entering Into Of New Financing
July 8, 2024The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec
-
Heads of Terms Agreed for US$35 million Revolving Credit Facility
July 8, 2024Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
