- King & Spalding Elects 27 Partners and 17 Counsel for 2026
- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
- American Signature’s Retail Boxes Create Expansion Opportunity for Growing Retailers
- Spirit Airlines Gets $100 Million Lifeline Amid Restructuring
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SLR Credit Solutions Agents Term Loan and Wells Fargo Provides Line of Credit For Skullcandy®
Massachusetts – SLR Credit Solutions (“SLR CS”) announced the closing of a secured first lien term loan in concert with a new revolving line of credit from Wells Fargo for Skullcandy, Inc.® (“Skullcandy”) or the (“Company”).
Proceeds from the financing were used to refinance existing debt and provide enhanced flexibility.
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SFNet Announces Winners of Cross-Border Finance Essay Contest
SFNet is pleased to announce the winners of the SFNet Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. The winning essays will appear in upcoming issues of The Secured Lender and in TSL Express. In addition, the authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11.
TSL Express Daily Headlines & News
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Apollo’s ATLAS SP Announces Investment from MassMutual
April 25, 2024Apollo (NYSE: APO) and MassMutual today announced that MassMutual has become a minority equity owner in ATLAS SP Partners (ATLAS) and a capital partner to the ATLAS platform. ATLAS is the warehouse finance and securitized products business majority owned by Apollo funds. As part of the multi-billion-dollar commitment, MassMutual has also agreed to invest in Apollo’s Asset-Backed Finance (ABF) franchise.
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SFNet Member Spotlight: Cost Reduction Solutions
April 24, 2024CRS offers due diligence and agreed upon procedures services, such as collateral field examinations, to all financial lenders as well as offering separate accounting & forensic services.
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Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028
April 24, 2024Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans.
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Sycamore Tree Capital Partners Closes Fifth CLO at $504 Million; Resets, Extends and Upsizes STCP CLO 3 to $525 Million
April 24, 2024Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of STCP CLO 2024-5, Ltd. (“STCP CLO 5” or “the Fund”), the Firm’s fifth and largest new issue collateralized loan obligation since launching its CLO platform in July of 2021.
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B. Riley Serves as Exclusive Financial Advisor to GCT Semiconductor, Inc. in ~$667 Million Business Combination with Concord Acquisition Corp III
April 24, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to GCT Semiconductor, Inc. (NYSE: GCTS) (“GCT” or the "Company”) in connection with its ~$667 million business combination with Concord Acquisition Corp III. Upon the closing of the previously announced business combination, the Company began trading on NYSE under the ticker symbol “GCTS.”
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Gordon Brothers Agents $200M Term Loan for Big Lots
April 24, 2024Gordon Brothers, the global asset experts, has agented a $200 million delayed draw term loan for Big Lots Inc. The U.S. home discount retailer of general merchandise will use the loan’s delayed draw feature to execute on strategic initiatives with the remaining amount to draw upon for available working capital and flexibility as needed.
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SLR Digital Finance Provides $500,000 Accounts Receivable Credit Facility to a Digital Media Startup
April 24, 2024SLR Digital Finance (SLRDF) is pleased to announce the funding of a $500,000 accounts receivable credit facility for a digital media startup. The company provides programmatic advertising services, helping brands and agencies optimize ad spend across online video, connected TV, audio streaming, and social media.
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Bolstering National Presence, Stradley Ronon Launches California Office with 10-Lawyer Team
April 24, 2024The office — the firm’s ninth and the first on the West Coast — will be led by partner-in-charge Esther E. Cho and includes partners David D. Piper, Neal S. Robb, Melanie L. Ronen and Bentley P. Stansbury III. A team of five associates is also expected to join the firm. The group — which arrives from Keesal, Young & Logan — focuses on financial services, securities litigation, employment and commercial litigation.
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RelPro Adds Census Tract Data to Sales Intelligence Solution
April 24, 2024RelPro the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest innovation, integrating Census Tract data into its platform. This new data intelligence enables bankers to focus their local prospecting efforts with enhanced location filtering to identify businesses within designated Census Tracts.
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Securities Regulation Partner Emily Gordy Joins King & Spalding in Washington, D.C.
April 24, 2024King & Spalding announced today that securities regulation lawyer Emily Gordy has joined the firm as a partner in its Special Matters and Government Investigations practice group. Gordy is based in the firm’s Washington, D.C. office.
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Renasant Announces Leadership Transition
April 24, 2024The Board of Directors of Renasant Corporation (the “Company”) implemented the next step of the Company’s management succession plan, designating Kevin D. Chapman to become Chief Executive Officer of the Company and Renasant Bank (the “Bank”) effective May 2025. Chapman will retain his current title and duties of President of both the Company and Bank.
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First Business Bank Promotes Paige Runyard, CPA, To Assistant Vice President - Accounts Receivable Financing
April 24, 2024First Business Bank is pleased to announce Paige Runyard's promotion to Assistant Vice President - Senior Credit & Portfolio Manager within its Accounts Receivable Financing team, part of First Business Specialty Finance, LLC.
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Comvest Credit Partners Announces Investment In Senior Helpers
April 24, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Md.-based national leader in home care and wellness offerings for seniors.
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Middle-Market Companies Expect to Transition to Exclusively Digital Payments Within the Next Five Years, Citizens Survey Finds
April 24, 2024Corporate treasury departments are going paperless, and sooner than you might think, according to a new survey of more than 200 treasury executives conducted by Citizens. In fact, 94 percent of respondents who use checks today expect their company to transition to exclusively digital payments within the next five years.
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EBSC Lending Provides $26.2M Financing for a 41-Unit Affordable Community in Michigan
April 24, 2024EBSC Lending has provided $26.2 million in financing for a 41-unit affordable seniors housing complex in Michigan. The borrower, a nonprofit owner-operator, will use the proceeds to refinance existing debt and fund capital improvements.
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CNH Announces Signing of a €3.25 Billion Committed Revolving Credit Facility
April 23, 2024The facility, entered into with a group of 18 banks providing aggregate commitments in excess of €3.5 billion, has a 5-year tenor with two extension options of one year each, exercisable on the first and second anniversary of the signing date. It replaces an existing 5-year €4 billion facility due to mature in March 2026.
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Mountain Ridge Capital and Alpine Ridge Funding Announce Closing of $110 Million Senior Credit Facility from Wells Fargo Capital Finance
April 23, 2024Mountain Ridge Capital ("MRC") and Alpine Ridge Funding ("ARF"), independent asset-based lending and factoring companies backed by Arena Investors, LP ("Arena Investors"), are excited to announce the closing of a $110 million senior credit facility from Wells Fargo Capital Finance. The facility will support MRC's and ARF's continued growth in serving the credit needs of middle market companies across North America.
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First Bank Announces Promotions Following Strong 2023
April 23, 2024First Bank has promoted 38 employees who played key roles supporting customers and communities while helping the bank thrive and grow amid a record 2023.
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Deerpath Capital Closes 10th Collateralized Loan Obligation
April 23, 2024Deerpath Capital Management, LP announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO in 2024. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this transaction represents the firm's tenth CLO over the past 6 years. Deerpath Capital is one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America.
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Danimer Scientific Announces $20 Million Asset-Based Revolving Credit Facility
April 23, 2024Danimer Scientific, Inc. (NYSE: DNMR) (the “Company” or “Danimer Scientific”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today, that on April 19, 2024, it entered into an asset-based revolving credit and security agreement with Mountain Ridge Capital secured primarily by the Company’s accounts receivable and inventory.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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