- Thirdmark Capital Announces $150MM in Funded Participations
- Moritt Hock & Hamroff Adds Partner Parag Parekh to Expanding Condominium & Co-Op Practice
- BofA Names Anthony DiBlasi San Diego President
- SouthStar Capital Closes $650,000 Working Capital Facility for Local Lowcountry HVAC Company
- Commercial Finance Partners Closes Five Factoring Facilities in Five Days
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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PKF Clear Thinking Welcomes Marjorie Kaufman as Partner
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced the hiring of Marjorie (Margie) Kaufman as Partner. Kaufman, who has provided turnaround and interim management expertise for companies around the country for over thirty years, brings immense experience in developing and implementing strategic and financial plans that drive business success and control costs. She will be based out of the Firm's Boston, Massachusetts, office.
TSL Express Trending Story
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Last Fall, Webster Bank announced that Abby Parsonnet was named executive managing director, head of Asset Based Lending (ABL) for Webster Bank. In her role, she oversees the nationwide Asset-Based Lending and Commercial Services teams at Webster, which also includes staffing solutions and factoring. She reports to Chris Motl, president of Commercial Banking.
As head of ABL, Parsonnet is responsible for continuing Webster’s strong tradition of excellence in delivering customized working capital solutions to middle- market clients and sponsors. She will lead a team of bankers based in strategic markets nationwide.
Here, Abby discusses her career, goals in her new role, how the merger with Sterling National Bank helped to expand Webster’s offerings, particularly in ABL and factoring, and more.
TSL Express Daily Headlines & News
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MidCap Business Credit closes on a $5,000,000 asset-based credit facility for Premier Engineered Products
August 12, 2024MidCap Business Credit announced today they have closed on a $5,000,000 asset-based credit facility for Premier Engineered Products, a portfolio company of Colfax Creek.
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Agree Realty Corporation Enters into Revolving Credit Agreement
August 12, 2024Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Fourth Amended and Restated Revolving Credit Agreement which increases its senior unsecured revolving credit facility (the "Credit Facility") to $1.25 billion. The Credit Facility includes an accordion option that allows the Company to request additional lender commitments up to a total of $2.0 billion. The Credit Facility will mature in August 2028 with Company options to extend the maturity date to August 2029.
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B. Riley Serves as Exclusive Financial Advisor to Kimball Electronics on the Divestiture of its Automation, Test, and Measurement Business
August 9, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to Kimball Electronics, Inc. (NASDAQ: KE) (“Kimball Electronics” or the “Company”) in the successful completion of the sale of its Automation, Test, and Measurement (“AT&M”) business to Averna Technologies.
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Loeb Empowers an Electrical Contracting Company With a $3 Million Term Loan
August 9, 2024A valued client in the electrical contracting industry recently turned to Loeb for help in refinancing their existing debt. The current owners, who bought the company two years ago, had accumulated multiple loans that needed to be combined into a single, manageable loan to ensure continued growth and financial stability.
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CVC Credit Prices $500m Apidos XLIX
August 9, 2024CVC Credit, the $45bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLIX (49), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO"). BNP Paribas served as lead arranger for CVC Credit’s fourth CLO pricing in North America this year.
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SSG Advises ICON Aircraft, Inc. in the Sale of Substantially All Assets to an Affiliate of Dürkopp Adler GmbH
August 9, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to ICON Aircraft, Inc. (“ICON” or the “Company”) in the sale of substantially all assets to an affiliate of Dürkopp Adler GmbH (“DA”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware.
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SFNet New Member Spotlight: Allianz Trade
August 9, 2024Allianz Trade North America is the oldest and largest provider of trade credit insurance. We offer both domestic and export credit insurance policies that ensure clients against commercial and political risk in more than 200 countries worldwide. Allianz Trade is rated A+ (Superior) by A.M. Best and AA by Standard & Poor’s.
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Arrowhead Pharmaceuticals Announces $500 Million Strategic Financing Facility with Sixth Street
August 8, 2024Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) today announced that it has entered into a strategic financing agreement with Sixth Street for significant, long-term, non-dilutive capital to fund innovation and growth opportunities across Arrowhead’s robust and diverse pipeline of RNAi therapeutics.
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CohnReznick Earns Three Global M&A Network Awards
August 8, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Global M&A Network has recognized its Transaction Advisory team with three awards.
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Diebold Nixdorf Names Two New Independent Directors to its Board
August 8, 2024Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Maura A. Markus and Dr. Colin J. Parris have joined the company's board of directors.
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TriplePoint Venture Growth BDC Corp. Renews Revolving Credit Facility
August 8, 2024TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it has entered into an amendment to its revolving credit facility (“Credit Facility”) to, among other things, extend the revolving period from August 31, 2024 to November 30, 2025 and the scheduled maturity date from November 30, 2025 to May 30, 2027.
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Arijit Roy Appointed to U.S. Bank Managing Committee
August 8, 2024U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Arijit Roy will become the newest member of its Managing Committee, a group of 16 executives with various responsibilities for the organization’s revenue lines, enabling functions and independent risk teams.
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Allegro Microsystems Secures $400 Million Term Loan Deal
August 8, 2024In a strategic financial move, Allegro Microsystems, Inc. (NASDAQ:ALGM) has entered into a significant amendment to its existing credit agreement, securing a new $400 million tranche of term loans. This financial maneuver, which took place on Monday, was detailed in a recent 8-K filing with the Securities and Exchange Commission.
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CIT Northbridge Credit Provides $45 Million to MacPherson's
August 8, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $45 million revolving credit facility to creative materials distributor, MacPherson's.
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Monroe Capital Leads ~$300mm Asset-Based Financing to Triad Financial Services, Inc.
August 8, 2024Monroe Capital LLC (“Monroe”), on behalf of its investment funds, has announced it has established a partnership with Triad Financial Services, Inc. (“Triad”) to originate and purchase commercial Community Rental loans made to manufactured home community owners. The initial pool is expected to be ~$300 million.
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Gordon Brothers Launches Real Estate Services Practice in EMEA
August 8, 2024Ben Lovell, Senior Director, Real Estate, EMEA has joined Gordon Brothers to lead the growth of the Real Estate Services practice in the region. Lovell is joined by Daniel Smith, Director, Real Estate, EMEA and Richard Maden, Director, Real Estate, EMEA.
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Midwestern Technology Company Strengthens Their Business with a $3,500,000 Facility from Prestige Capital
August 7, 2024A venture capital-backed Midwestern technology company specializing in worker verification services secured a $3.5 million financing facility from Prestige Capital to fulfill a new government contract and drive growth beyond its existing funding source.
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CapitalPlus Financial Services Facilitates $350,000 in Factoring for a Georgia-based Roofing Contractor
August 7, 2024CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
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Benoit Geurts Joins Gordon Brothers as Managing Director, Intellectual Property, EMEA
August 7, 2024Benoit Geurts has joined Gordon Brothers, the global asset experts, as Managing Director, Intellectual Property, EMEA. In this role, Geurts partners with the firm’s corporate recovery and global valuations teams to provide valuation, advisory and monetisation services for intellectual property (IP) assets to support businesses and their advisors in restructuring and recovery situations across Europe, the Middle East and Africa.
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eCapital Welcomes Matthew Tobin as SVP, Business Development Officer, to Drive West Coast Growth
August 7, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has appointed Matthew Tobin as SVP, Business Development Officer within its ABL Group.
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