- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- Pathlight Capital Closes Fourth ABL Credit Fund and Second Evergreen Tranche With $1.9 Billion of Commitments
- LA Times Studios Recognizes CohnReznick’s Rodriguez as Commercial Real Estate Visionary
- Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
- Following the US Federal Reserve Meeting, J.S. Held Releases the Lending Climate in America Survey Results
TSL Express Daily Articles & News
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CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy
First Citizens Bank today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain services distributor.
Founded in 2008 and headquartered in Dallas, Texas, Tubular Synergy Group provides casing, tubing, and line pipe products for the energy industry.
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With the second half of 2022 underway, it is a good time to evaluate cybersecurity issues and concerns. The cybersecurity front continues to be an area of significant risk for businesses. In this article we will explore recent trends, and specific industries at more risk of attack. For a perspective on the dollar impact, the largest payment in 2021 was a $40 million payment made by an insurance company. For a perspective on number of attacks, there is a cyber-attack every 11 seconds.
The National Cyber Security Alliance estimated that 60% of small businesses fail within six months of an attack.
TSL Express Daily Headlines & News
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esVolta Secures $185 Million Credit Facility
April 8, 2024esVolta, LP announced completion of a $185 million senior secured credit facility. The credit facility will provide esVolta with access to additional development capital and credit support to secure obligations principally relating to interconnection, power purchase agreements, equipment deposits as well as early pre-NTP construction funding for the company's growing 20+ GWh pipeline of standalone energy storage assets across the United States
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Qwil, Powered by LSQ, and TAPFIN Expand Early-Pay Opportunities to Staffing Suppliers of Major Energy-Sector Client
April 8, 2024LSQ, a leading provider of working capital finance and payments solutions, and Talent Solutions TAPFIN, a leading managed service provider (MSP) for contingent workforces and part of the ManpowerGroup family of brands, today announced an expansion of their Qwil partnership to include staffing firms serving one of the world's largest providers of products and services for the ever-evolving needs of the energy industry.
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Audax Private Debt Provides Financing to Support Littlejohn & Co.’s Acquisition of United Air Temp, Air Conditioning and Heating
April 8, 2024Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Littlejohn & Co.’s investment in United Air Temp, Air Conditioning and Heating (“UAT” or the “Company”), a provider of HVAC and plumbing services to residential homeowners in the Mid-Atlantic and Southeastern U.S.
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Loeb Unlocks Growth for a Beef Industry Client With $1.5 Million ELOC
April 8, 2024A beef industry client looking to grow was facing temporary cash flow challenges that were impeding movement on future projects. While they needed immediate access to capital, traditional loan applications, with their lengthy processing times, posed a significant obstacle. Recognizing this challenge, Loeb leveraged its three-year relationship with the client and their proven track record to offer a tailored solution: an Equipment Line of Credit (ELOC).
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Evolution Credit Partners Welcomes JC Barone as Managing Director
April 8, 2024Evolution Credit Partners Management ("Evolution" or the "Firm"), an alternative credit firm with approximately $3 billion in assets under management, today announced John-Carl ("J.C.") Barone will be joining the Firm as a Managing Director. Mr. Barone brings a two-decade track record in the capital markets, focused on working capital finance, including trade finance and accounts receivable capital solutions for corporates.
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Introducing Finley's Verification Suite, A New Standard for Accuracy, Automation, and Efficiency in Asset-Based Lending
April 8, 2024Today, Finley, the leading debt capital management platform for borrowers and asset managers, announced the launch of the Finley Verification Suite, a set of capabilities that enables lenders in asset-backed lending (ABL) arrangements to verify the accuracy of borrower asset data and calculations.
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Intermedia Cloud Communications Completes $345 Million Refinancing of Balance Sheet
April 8, 2024Intermedia Cloud Communications, a leading global provider of intelligent cloud communications and collaboration applications to businesses and the partners that serve them, today announced that it has completed a $345 million refinancing of its balance sheet by entering into a new revolving credit facility and term loan with certain of its existing lenders.
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Hyper Valuation Services, LLC Hires Jarrett Levy as Director of Business Development
April 8, 2024Hyper Valuation Services, LLC (“HVS”), a division of HYPERAMS, LLC announces that Jarrett Levy has joined the firm as Director of Business Development. In his new role at HVS, Levy will focus on driving continued and future sales growth of HVS’ appraisal business, establishing productive relationships with existing and new clients across the country, and particularly the Southeast market.
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Granite Ridge Announces Expansion of Revolving Credit Facility
April 8, 2024Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced the successful completion of its semi-annual borrowing base redetermination and entry into the third amendment to the Company’s existing credit agreement (the “Third Amendment”).
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CapitalPlus Financial Services Facilitates a $1.25M Funding for a Reno-based Finishing Contractor
April 8, 2024CapitalPlus Financial Services, a leading provider of receivables financing for the construction industry, is pleased to announce the successful funding of a $1.25 million working capital facility for a finishing contractor based in Reno Nevada.
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Turning Rock Partners Provides Growth Expansion Financing for Hivelocity and Colohouse Merger
April 8, 2024Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York, announced the closing of a $70 million expansion financing to support the merger of Hivelocity and Colohouse, a leading provider of colocation, cloud, bare metal, hosting and data services for a diversified set of customers.
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Jefferies (JEF) Deepens Strategic Alliance With SMBC in Canada
April 8, 2024Jefferies Financial Group Inc. JEF announced a deepening of its global strategic alliance with Japan-based SMBC Group. This initiative focuses on enhancing cooperation within the Canadian market regarding corporate and investment banking business opportunities.
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Raven Capital Management Names Dimitri Cohen Chief Investment Officer of Raven Credit
April 8, 2024Raven Capital Management (“Raven”) today announced that Josh Green, President, CEO and Founder of Raven, has appointed Dimitri Cohen to the position of Chief Investment Officer of Raven Credit, effective April 2nd, 2024.
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Aequum Capital Leads $45MM Credit Facility for Midwest Based Manufacturing and Distribution Company
April 8, 2024Aequum Capital is pleased to announce it recently led a $45,000,000 revolving credit facility for a Midwest based manufacturing and distribution company. The Facility will provide increased liquidity to the Company as it continues to execute its acquisition strategy. Helios Strategic Advisors, LLC advised on the transaction.
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Houlihan Lokey Continues Expansion of Private Funds Advisory Capabilities With Senior Hires for U.S. Primary Practice
April 8, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced an additional expansion of its Private Funds Group (PFG) with the appointment of a team of four managing directors from Greenhill & Co. to significantly strengthen its U.S. Primary practice.
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JPMorgan Picks new Bosses in Banking, Capital Markets After Reshuffle
April 8, 2024JPMorgan Chase (JPM.N), opens new tab reorganized the leadership in its global banking division, installing new leaders in capital markets and investment banking, according to a memo seen by Reuters on Thursday.
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The Hedaya Capital Group Welcomes Louis Barone as Senior Advisor
April 8, 2024The Hedaya Capital Group is pleased to announce that industry veteran Louis G. Barone has joined the Company as Senior Advisor to The Hedaya Capital Group. In this role, he is responsible for leading and executing new business development strategies and growth initiatives, as well as identifying and capitalizing on new markets. He also leverages a vast network of referral relationships to acquire and develop new client relationships.
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99 Cents Only Stores Files for Voluntary Chapter 11 Protection to Facilitate Wind-Down of Business Operations and Pursue Value Maximizing Sale of its Real Estate and Other Assets
April 8, 2024Number Holdings, Inc., the direct parent company of 99 Cents Only Stores LLC (the "Company" or "99 Cents Only Stores") today announced that it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court") to implement the previously announced orderly wind-down of its business and pursue a value maximizing sale of its real estate and other assets.
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FirstBank Announces New Chief Banking Officer
April 8, 2024FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good,” recently named Adam Sands the Chief Banking Officer (CBO). Sands will assume the majority of the responsibilities formerly held by the company’s President, including supporting the bank’s markets, customers, loan and deposit production as well as the company’s growth strategy.
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The Promise Homes Company Secures Credit Facility from Leading Global Money Center Bank
April 4, 2024The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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