TSL Express Daily Articles & News
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Doing What We Do Best: Current Economic Environment Provides Opportunities
“Geopolitical concerns, maintaining strong credit quality, and the constant impacts of inflation and interest rates are all top issues to watch in 2024,” said ABCC Conference Chair, Barry Bobrow, who serves as managing director and head of Credit Markets for Regions Business Capital. “ABCC’s panels and networking events are designed to provide education and key insights on these topics and more. The Conference is a great opportunity to help attendees set their business strategy for the coming year. We look forward to welcoming everyone in February.”
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SFNet Creates the SFNet Guide to the New York Commercial Finance Disclosure Laws and Regulations
SFNet, through its Advocacy Committee, has created the SFNet Guide to the New York Commercial Finance Disclosure Laws and Regulations.
SFNet pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial New York Disclosure Regulations for Commercial Finance Transactions that go into effect August 1, 2023. The Regulations apply to non-regulated commercial institutions offering financial transactions of $2.5 million or less to New York borrowers.
TSL Express Daily Headlines & News
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 9, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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Brookridge Funding Announces Purchase Order Facilities for Five New Clients
December 9, 2024Brookridge Funding is proud to announce the closing of $4,150,000 of purchase order facilities for five new clients.
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LSQ Creates $12MM Invoice Finance Facility for Minnesota-based Apparel Company
December 9, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $12 million accounts receivable credit facility for a Minnesota-based apparel company.
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Wolters Kluwer appoints Mark Sherwood as Executive Vice President & Chief Information Officer
December 9, 2024Wolters Kluwer, a global leader in professional information, software solutions, and services, has appointed Mark Sherwood as Executive Vice President & Chief Information Officer (CIO). Mr. Sherwood will oversee the overall enterprise technology infrastructure of Wolters Kluwer with a focus on advancing the digital DNA, delivering next generation enterprise IT capabilities, transforming operations with AI and enhancing the workplace and customer experience.
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ATC Managers Closes $13 Million Loan for New Luxury Hotel Construction
December 9, 2024ATC Managers, LLC has announced the successful closing of a $13 million loan to fund the ground-up construction of a new 100-room luxury hotel in the heart of Dallas. This financing initiative demonstrates ATC Managers' commitment to fostering growth in the hospitality sector and supporting innovative projects that boost the local economy.
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Winston & Strawn LLP Represents SPAC Advisory Partners LLC
December 9, 2024Winston & Strawn LLP represented SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, as underwriter, in connection with the closing of Shepherd Ave Capital Acquisition Corporation’s (NASDAQ: SPHAU) initial public offering.
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SSG Advises BIOLASE, Inc. in the Sale of Substantially All Assets to MegaGen Implant Co., Ltd.
December 9, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to BIOLASE, Inc. (“BIOLASE” or the “Company”) in the sale of substantially all assets to MegaGen Implant Co., Ltd. (“MegaGen”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. The transaction closed in November 2024.
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Midwest Business Capital Announces Financing Provided by Texas Capital
December 9, 2024Midwest Business Capital recently closed a $30MM revolving line of credit led by Texas Capital. With the new credit facility, Midwest is well-positioned to execute on market opportunities and organic growth of its asset-based lending portfolio.
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Trinity Capital Inc. Provides $20 Million in Growth Capital to Steno
December 9, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Steno, a tech-enabled provider of legal support and court reporting services.
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Aerospike Secures $30 Million For AI Database Growth
December 9, 2024CIBC Innovation Banking has provided a $30 million growth financing for Aerospike, a real-time database engineered for speed, scale, and cost efficiency, powering mission-critical applications across diverse use cases, including Artificial Intelligence (AI) and Machine Learning (ML). This funding will further expand the company’s go-to-market strategy and product innovation.
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LeddarTech Enters Into Amendments to Credit Facility and Bridge Financing Offer
December 9, 2024LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that LeddarTech and Texas Instruments (“TI”) have entered into a strategic collaboration agreement and a software license agreement to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets.
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Frontdoor, Inc. Launches $1.47 Billion Credit Facility to Fund Acquisition of 2-10 Home Buyers Warranty and Refinance Debt
December 9, 2024Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced it has launched the syndication of a new $1.47 billion credit facility to fund the acquisition of 2-10 Home Buyers Warranty and to refinance the company’s existing credit facilities.
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Comvest Credit Partners Provides $85 Million Senior Credit Facility to Support Acquisition of Seatex
December 9, 2024Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on an $85 million senior secured credit facility to support the acquisition of Seatex by The Riverside Company (“Riverside”).
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M&T Bank Names Shannon Lazare as New Jersey Regional President
December 9, 2024M&T Bank (NYSE:MTB) ("M&T") today announced the appointment of Shannon Lazare as its New Jersey Regional President. Shannon will lead the bank's local growth and community engagement initiatives throughout New Jersey. She succeeds Tom Comiskey who, after serving as M&T's New Jersey Regional President for nine years, was elevated last year to Area Executive in its Commercial Bank.
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15 Haynes Boone Lawyers Promoted in 2025 New Partner Class
December 5, 2024Haynes Boone is pleased to announce the promotion of 15 lawyers to the firm’s partnership ranks, effective Jan. 1, 2025.
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Obra Capital Closes First CLO Offering for $403.75M
December 5, 2024Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced the final close of its inaugural Collateralized Loan Obligation offering (“CLO”), (“Obra CLO 1”).
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SFNet New Member Spotlight: Stonebriar Commercial Finance
December 5, 2024Stonebriar, an Eldridge Industries business, originates and services a portfolio of lease and loan products secured by essential income-producing assets across the credit spectrum. Based in Plano, TX, Stonebriar’s portfolio serves as a catalyst for the U.S. economy by providing capital needed in key sectors including manufacturing, marine, aviation, rail, energy and real estate.
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GoDaddy Inc. Announces Refinancing of Tranche B-6 Loans
December 5, 2024GoDaddy Inc. (NYSE: GDDY) announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,463 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-6 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017.
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Haversine Provides $23.5 Million in Participation and Lender Finance Funding Solutions
December 5, 2024Haversine Funding, a leading provider of specialized financial solutions for the factoring and asset-based lending (ABL) industries, is proud to announce another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.
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Velocity Clearing Selects Matrix Applications and its TradeBlazer Collateral Management System
December 5, 2024Matrix Applications, LLC ("Matrix"), a New York based financial technology and operational service bureau for the capital markets, is proud to announce a new customer agreement with Velocity Clearing, LLC ("Velocity”).
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