- Commercial Finance Partners Launches Tariff Refund Financing Program for U.S. Importers
- EBSC Lending Closes $18.8 Million Value-Add Loan for 146-Unit Apartment Community in Fairview, Oregon
- Debt Finance Partner Matthew Kita Joins King & Spalding
- Market Sizing & Impact Study 2023
- Monroe Capital Supports Altamont Capital Partners’ Investment in Key Container
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SFNet has announced it is partnering with NYU Stern Executive Education to offer a course for SFNet members’ emerging leaders that will teach attendees how to recognize, develop, and master skills to become an effective and impactful leader.
The course, Impactful Leadership for High Potentials, will be held June 12-14, 2023 and introduce analytical leadership frameworks by combining a variety of learning approaches to ensure that participants learn self-reflective and supportive mechanisms for continued success on their path as a leader. In addition to the core curriculum, which comes with a certificate of completion from NYU Stern Executive Education, SFNet will introduce several guest lectures from successful leaders in the secured finance industry to speak on topics such as leading in complex systems, leading through change, the role of leadership in company culture, leading with diversity and more.
TSL Express Daily Headlines & News
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Monomoy Capital Partners Announces Close of Oversubscribed Fund V at $2.25 Billion
July 10, 2024Monomoy Capital Partners, a private investment firm focused on the middle market, is pleased to announce the closing of its fifth private equity fund (“Fund V”). Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion (including a $250 million GP commitment). The firm’s previous fund closed in late 2021 at over $1.1 billion.
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StrategyCorps Announces Capital Partnership with Estancia Capital Partners to Enhance Solutions and Accelerate Growth
July 10, 2024trategyCorps, LLC (“SC” or the “Company”), the industry-leading provider of deposit analytics and retail and small business checking-related solutions, and Estancia Capital Partners, a respected lower-middle market private equity firm with a successful investing track record in the financial services industry, announced today that they have successfully closed on a capital partnership.
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Monroe Capital Supports PrecisionX Group’s Acquisition of National Manufacturing Co.
July 10, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of National Manufacturing Co. ("National" or the “Company”) by PrecisionX Group, an existing portfolio company of CORE Industrial Partners (“CORE”). PrecisionX Group was formed in 2023 following two previous CORE acquisitions, GEM Manufacturing and Coining.
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U.S. Middle Market Performance Remains Consistent
July 10, 2024Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.
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Wells Fargo & Company Announces That Alexandra Barth Joins the Corporate & Investment Bank as Co-head of Leveraged Finance
July 10, 2024Wells Fargo & Company (NYSE: WFC) today announced that Alexandra Barth has joined the Corporate & Investment Bank (CIB) as co-head of Leveraged Finance within the Banking division. She will co-lead the Leveraged Finance team with Trip Morris.
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Naked Wines Secures USD60 Million Facility to Invest in Quality Wines
July 9, 2024Further to the Company's announcement on 20 March 2024, Naked Wines is pleased to announce the completion of a new credit facility with PNC Bank, N.A., one of the largest diversified financial services institutions in the United States. The new facility replaces the facility previously in place with Silicon Valley Bank, a division of First Citizens bank.
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Dynata Files for Prepackaged Chapter 11
July 9, 2024In an attempt to deal with a heavy debt load and strained cash flow, market research firm Dynata has filed for prepackaged Chapter 11 bankruptcy protection, listing assets and liabilities of at least $1bn each.
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ACEN Secures $150 Million Five-Year Syndicated Green Term Loan
July 9, 2024ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured a $150 million five-year syndicated green term loan and revolving credit facility. Additionally, this transaction was well-received by a consortium of international financial institutions. The funds from this loan will support ACEN’s presence in the Asia Pacific.
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Epic Companies Declares Bankruptcy
July 9, 2024North Dakota-based Epic Companies has filed for bankruptcy. The Minot-based business filed for Chapter 11, which involves the reorganization of debts and assets. The reorganization would allow Epic to continue operating under supervision of the court.
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B. Riley Securities Served as Exclusive Financial Advisor to Via Renewables, Inc.
July 9, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to the Special Committee at Via Renewables, Inc. (the "Company") (NASDAQ:VIA) (NASDAQ:VIASP), an independent retail energy services company, in the acquisition of the Company by a corporate entity owned by William Keith Maxwell III, Chief Executive Officer and Chairman of the Board.
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Bankruptcy of Oil & Gas Services Firm Prompts a Series of Online Auctions
July 9, 2024Court-ordered sales by Tiger Group and Liquidity Services will feature more than 10,000 items, including drilling and frac equipment, rolling stock, industrial machinery, and more; first two auctions close July 17 and July 25
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RelPro Enhances Local Market Intelligence Through Rivel Banking Research Integration
July 9, 2024RelPro, the fast-growing business development and relationship management solution for Financial Services professionals, announced today its latest data integration with Rivel Banking Research, bringing Local Market Research into the RelPro platform. This new integration leverages data from Rivel’s Commercial and Small Business Customer Reports to provide bankers with insights into their customers’ experience as well as competitive benchmarking within their local market.
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TAB Bank Provides $7 Million Credit Facility to Fuel Transportation Company’s Growth
July 9, 2024TAB Bank has extended a $7 million credit facility to a family-owned transportation and brokerage company in the Southeast. The partnership will support the company’s growth and evolving working capital needs.
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Hilco Global Announces Ian Fredericks as New CEO of Hilco Consumer - Retail
July 9, 2024Hilco Global is pleased to announce the appointment of Ian Fredericks as the new Chief Executive Officer (CEO) of its Consumer - Retail platform, effective July 1, 2024. Mr. Fredericks will oversee Hilco Merchant Resources, Hilco Wholesale Solutions, Restore Capital, Hilco Fixed Asset Recovery, and Restore4Retail.
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Grant Thornton Survey: CFOs Reach Highest Level of Optimism in Nearly Three Years
July 9, 2024A new survey from Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, revealed that chief financial officers (CFOs) are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since the third quarter of 2021.
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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024
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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024Tiger Finance's lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.
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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024Tiger Finance's lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.
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SLR Credit Solutions Agents Senior Credit Facility For Quantcast
July 9, 2024SLR Credit Solutions (“SLR CS”) announced the closing of a $65 million Senior Credit Facility for Quantcast Corporation (“Quantcast” or the “Company”), a leader in applying artificial intelligence (AI) to programmatic advertising.
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Rosenthal & Rosenthal Closes Three California-Based Transactions
July 9, 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.
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