- Citizens Serves as Exclusive Financial Advisor to Lync Health Partners on its Majority Recapitalization by United Surgical Partners International
- BHI Provides $167 Million Construction Loan to Yellowstone to Convert 221 West 41st Street Into a 176 Unit Multifamily Building
- CIBC Innovation Banking Provides Growth Capital to REG Technologies
- Ravinia Capital LLC Adds Managing Director Rob Schwartz, Expanding Deal Origination and Midwest Presence
- Gibraltar Business Capital Structures $35MM Funding for Acquisition of American Furniture Manufacturing by SouthWorth Capital Management
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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First Citizens Bank Names Joe Kernan to Healthcare Finance Position
First Citizens Bank today announced that its Healthcare Finance business, part of the bank’s CIT division, has named Joe Kernan as its new relationship manager. Kernan is based in Pasadena, CA (Los Angeles Metro) supporting healthcare clients in the Western U.S.
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Funding in the Food Circle – the Winds of Change
Food. It’s at the heart of all our lives. We love it – we think about it – we plan it – we talk about it.
Never before has there been so much focus on food: where it comes from, how much it costs and how to keep getting it. Just about all of us who have recently bought groceries think: “Wow – that’s a lot more expensive than it was last year.” When I said that recently to a good friend, she responded that this must be due to inflation and Ukraine. I thought: that is too simple an answer.
TSL Express Daily Headlines & News
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eCapital Doubles Down on Startup Success: Upsizes Invoice Factoring Facility to $5 Million for Thriving International Food Distributor
June 20, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the upsizing of an invoice factoring facility for a fast-growing startup food distributor specializing in supplying high-quality food products to Mexico.
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SPECTRUM Commercial Finance Opens New Office and Adds to Operations & Audit Groups
June 20, 2024SPECTRUM Commercial Finance opens new Atlanta office and adds Vice President, Ira Almond, to its team of business development officers. SPECTRUM also hired Denna Kirkland, a new collateral auditor and Cole Uplegger, a collateral analyst, to support continued growth in the loan portfolio.
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King Trade Capital Provides a $1.5 Million Purchase Order Finance Facility to a Dry Foods Manufacturer
June 20, 2024King Trade Capital (“KTC”) is pleased to announce the completion of a $1.5M purchase order-based production finance facility for a dry baked goods manufacturer in the western US.
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RSM Releases Q2 2024 RSM US Middle Market Business Index
June 20, 2024The survey for the second quarter was conducted from April 1 to April 22 by The Harris Poll on behalf of RSM US and gathered responses from 402 senior executives at middle market firms across a range of industries.
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Monroe Capital Supports Superior Waste Industries, LLC’s Add-On Acquisitions
June 20, 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 acquisitions of Shawnee Dumpster Services (“SDS”) and Sue’s Recycling & Sanitation (“Sue’s”) by Superior Waste Industries, LLC, d/b/a Superior USA Waste (“Superior”), an existing portfolio company of Red Dog Equity, LLC.
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Zilch Raises £100M Financing Deal to Fuel Expansion Strategy
June 20, 2024Zilch, the world’s first ad-subsidised payments network (ASPN), today announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB).
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Talkiatry Secures $130M Series C Funding to Mainstream Value-Based Behavioral Health Care
June 20, 2024Talkiatry, a leading provider of high-quality, in-network psychiatric care, today announced a $130 million equity and debt financing round. The equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors, and debt financing was provided by Banc of California.
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Berg Enterprises, Inc. Secures $2.5M in Funding Led by Antina Capital
June 20, 2024Berg Enterprises, Inc. announced today a $2.5M financing round led by Antina Capital structured in a combination of private debt and equity.
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Additional Fisker U.S. Entities File for Chapter 11 Protection
June 20, 2024Following on the announcement that Fisker Group Inc. filed for Chapter 11 protection in the District of Delaware, Fisker Inc. and its other U.S. subsidiaries have entered into Chapter 11. The Company’s discussions regarding the sale of its assets remain ongoing.
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TD Launches Full-Service Platform supporting Technology and Innovation Clients in Canada
June 20, 2024TD Bank Group (TD) today announced the launch of TD Innovation Partners (TDIP), a division of The Toronto-Dominion Bank. TDIP is a new full-service team providing bespoke, high-touch banking and financing solutions in support of technology and innovation companies at all stages. T
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Brooklyn’s Luxury William Vale Hotel Sells for $177 Million After Marketing Campaign by A&G and Eastdil Secured
June 20, 2024In another hospitality-sector bankruptcy sale, global real estate investment bank Eastdil Secured and national advisory firm A&G Real Estate Partners have successfully marketed the luxury William Vale Hotel in Brooklyn’s Williamsburg neighborhood.
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Alvarez & Marsal Appoints Ben Yokell Managing Director In Its Supply Chain Services Practice
June 20, 2024Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Ben YoKell as a Supply Chain Services practice Managing Director within its Corporate Performance Improvement (CPI) group. Mr YoKell’s hire demonstrates CPI’s continued commitment to expanding its capabilities footprint and to augmenting its cross-industry supply chain management expertise.
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ZRG Secures $120 Million in Debt Financing from Main Street Capital
June 20, 2024ZRG, a global talent advisory firm, today announced that it has successfully secured $120 million in debt financing from Main Street Capital Corporation and its affiliates. This significant funding will bolster ZRG's growth initiatives and enhance its ability to deliver innovative talent solutions to clients worldwide.
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Aequum Capital Provides $30MM in Credit Facilities to Leading Print, Marketing, and Logistics Service Provider
June 20, 2024Aequum Capital is pleased to announce it recently provided $30MM in aggregate credit facilities to one of the nation's largest printers that also provides marketing and logistics solutions. The credit facilities allow the company additional leverage on their current assets and equipment supporting their working capital needs, and growth and acquisition strategies.
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Armory Securities, LLC Announces the Successful Restructuring of the Assets of Inevitable Tech Inc.
June 20, 2024Inevitable Tech is a business-to-business (B2B) agricultural technology platform that designs and develops cutting-edge growing systems for farmers that enable them to better manage their crops. Inevitable Tech’s technology includes data collection and mapping, as well as AI-driven diagnostics. The platform provides farmers with easy-to-use devices powered by proprietary hardware and software, allowing them to collect data in real-time.
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TravelPerk Acquires AmTrav to Accelerate US Expansion and Announces new $135m Backing from Blackstone and Blue Owl
June 20, 2024TravelPerk, the hyper-growth global business travel management platform, announced today its acquisition of the industry-leading United States company AmTrav, doubling down on its expansion in the US. Additionally, TravelPerk has raised a new credit facility of up to $135 million led by Blackstone Credit & Insurance and Blue Owl Credit, two leading global alternative asset managers.
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Hecate Grid Secures $125 Million Letter of Credit Facility Package with MUFG
June 20, 2024Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund ("InfraRed") and Hecate Energy, today announced the recent close of a 4-year $125 million Letter of Credit ("LC") facility with Mitsubishi UFJ Financial Group ("MUFG").
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Arcadia Finance Announces Launch of New Litigation Funding Firm
June 20, 2024Arcadia Finance, a new litigation funding firm focused on commercial litigation and arbitration, today announced its official launch to offer customized financial solutions and unparalleled support to empower clients and partners in achieving their legal goals. Led by litigation funding veterans David Kerstein, Ronit Cohen, and Joshua Libling, the Arcadia leadership team has decades of funding and litigation experience.
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White Oak Commercial Finance Expands Factoring Facility to $25 Million For Leading Worker Management Software Company
June 20, 2024White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced the upsizing of a $10 million factoring facility to a leading worker management software company by an additional $15 million. The now $25 million factoring facility will serve as working capital to support the company’s growth in the artificial intelligence space.
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Monroe Capital Supports Specialized Packaging Group’s Acquisition of Clark Foam Corporation
June 20, 2024Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners.
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