- Chicago Atlantic Provides $35 Million Senior Secured Credit Facility to Meridian Rapid Defense Group, LLC
- Cascadia Capital Expands Industrials Practice with Addition of Managing Director Mau
- Thirdmark Capital Announces $150MM in Funded Participations
- Asset-Based Lending & Factoring Surveys
- Altriarch Asset Management Acquires $30 Million Accounts Receivable Factoring Portfolio
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Encina Lender Finance Continues Leadership Expansion with Addition of Four Seasoned Industry Veterans
Encina Lender Finance, LLC (ELF) announced today the continued expansion of its leadership team with the addition of four seasoned industry veterans. ELF is joined by Rick Snyder as head of Originations for the Consumer Vertical, Aharon Tarnavsky as head of Originations for the Commercial Vertical, Kathy Myers as managing director of Risk, and Megan McKinless as director of Syndications.
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Conference Aims to Set New Strategies for the New World
Now three years since the onset of the global pandemic, the asset-based capital market, like so many others, finds itself at a new beginning. While the economy and environment continue to shift, the asset-based capital community has taken uncertainty into account for its business plans as it marches into a new year. SFNet’s ABCC theme, “The Great Reboot,” is about setting new strategies for a new world.
“We’ve been able to bring together some of the best minds in the space to help us put these changes in context and offer practical implications for our business plans going forward,” Rich Gumbrecht, SFNet CEO, said. I don’t know if we’ve ever had a more august set of speakers. You’ll want to take good notes.”
TSL Express Daily Headlines & News
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Davis Polk Welcomes Sponsor Finance Partner Nick Caro
July 22, 2024Mr. Caro represents a wide range of clients, including private equity firms and their portfolio companies, public and private companies, family offices, private wealth funds, and other issuers and investors.
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NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)
July 22, 2024Dot Energy®, a leading developer of community-scale clean energy projects, today announced the closing of a new $25 million revolving credit debt facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Litigation Lending Services Announces a New $35 Million Credit Facility
July 22, 2024Litigation Lending Services (LLS), a pioneering force in the litigation funding industry for over 25 years, proudly announces the completion of a strategic $35 million credit facility with a leading Australian based global alternative asset manager. This credit facility further bolsters the Company’s robust financial structure in tandem with its existing fund and balance sheet.
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Wingspire Capital Agents $110 Million Revolver to Phillips Pet Food & Supplies
July 22, 2024Wingspire Capital agented a $110 million senior secured revolving credit facility to Phillips Pet Food & Supplies. The credit facility was used to refinance existing debt and provide enhanced liquidity as the business continues to grow and expand its brand offering.
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Trinity Capital Inc. Funds Record $474 Million in the First Half of 2024
July 22, 2024- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter,
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WSFS Announces Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management
July 22, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management, reporting to Michael Dzielak, Senior Vice President, Director of Financial Crimes.
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Whitney Ehrlich Joins H.I.G. Capital as Head of U.S. Private Wealth Management
July 22, 2024H.I.G. Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that Whitney Ehrlich has joined the firm as Managing Director and Head of Private Wealth Management in its Capital Formation Group.
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TPG Angelo Gordon to Provide Exclusive Growth Capital for Andover Storage Lending
July 22, 2024TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, is excited to announce that it is serving as the exclusive financing partner of Andover Storage Lending, a recently launched platform that seeks to originate non-recourse financing for self-storage sponsors nationally. This partnership meaningfully expands TPG Angelo Gordon’s relationship with Andover Properties, a leading owner and operator of storage properties nationwide.
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Terminated Private Equity Deal Downtrend Signals Improving M&A Climate
July 22, 2024The number of terminated private equity-backed deals globally fell 86.2% year over year to just four in the second quarter, according to data from S&P Global Market Intelligence The decrease in terminated deals suggests a stronger closing momentum in recent periods, as buyers and sellers bridge valuation gaps more effectively.
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Cart.com Secures $105 Million in Debt Refinancing from BlackRock
July 22, 2024Cart.com (the “Company”), a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill wherever their customers are, today announced it has secured a $105 million term loan facility provided by funds and accounts managed by BlackRock (“BlackRock”).
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Slope, AI-Led B2B Payments Platform, Secures $65 Million Strategic Equity and Debt Funding Provided by J.P. Morgan and Others
July 22, 2024Following continued strong traction and robust demand, Slope has closed an additional financing round, taking total funding to $252M ($77M in equity and $175M in debt). The funding will be used to scale operations as the B2B payments platform continues serving many of the world’s largest enterprises. Alongside J.P. Morgan Payments, other participants in the round include Y Combinator, Jack Altman, and Max Altman’s new fund, Saga.
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Lloyds Bank and Oaktree Partner to Launch a New Direct Lending Facility
July 22, 2024Lloyds Bank and Oaktree Capital Management, L.P. have today announced a strategic partnership (the “Partnership”) to support UK middle-market sponsor-backed borrowers. Lloyds Bank Structured Debt Finance team will partner with Oaktree’s European Private Debt platform to provide clients with a comprehensive senior debt solution for new buyouts and refinancings with term debt, acquisition and working capital facilities in addition to agency and full ancillary product services.
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Health Catalyst Announces New Credit Facility for up to $225,000,000
July 18, 2024Health Catalyst, Inc. ("Health Catalyst" or the "Company") (Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced it has entered into a five-year term loan facility for up to $225,000,000 (the "Credit Facility" or the "Financing") with Silver Point Finance, the direct lending business of Silver Point Capital, L.P.
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Cambridge Wilkinson Investment Bank Closes $90MM Credit Facility for Infrastructure Development Company
July 18, 2024Cambridge Wilkinson is pleased to announce the close of a $90 Million credit facility for a fast-growing North American infrastructure development company. This facility will support the company's strategic expansion plans and will increase their capacity to acquire and develop prime assets
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Stellantis Announces Successful Amendment and Maturity Extension of €12 Billion Syndicated Revolving Credit Facility
July 18, 2024Stellantis N.V. announced today that it has successfully extended the maturity and amended its syndicated revolving credit facility (“RCF”) of €12.0 billion, originally signed in July 2021.
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Ascend Wellness Holdings Closes $235 Million Private Placement of Senior Secured Notes
July 18, 2024Ascend Wellness Holdings, Inc. ("AWH," "Ascend" or the "Company") (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, is pleased to announce that it has closed its previously announced private placement of $235 million of 12.75% Senior Secured Notes due 2029 (the "Notes").''
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Blank Rome Bolsters Energy Industry Team in Houston and Pittsburgh with Leading Transactional Group
July 18, 2024Blank Rome LLP is pleased to announce that Ryan T. Purpura, Matthew “Matt” D. Lea, and Ryan A. Haddad have joined the firm as partners and members of the Energy industry team. All three partners bring significant experience in the energy sector, with a focus on oil and gas and related energy transactions, financings, and project development.
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First Citizens Bank Provides $24 Million for Acquisition of PAM Rehabilitation Hospital in Tulsa, Oklahoma
July 18, 2024First Citizens Bank today announced that its Healthcare Finance business provided $24 million to finance the acquisition of a post-acute medical rehabilitation hospital in Tulsa, Oklahoma.
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James Camarda, Former Merrill Lynch Alternative Investments Specialist, joins Star Mountain Capital as Managing Director
July 18, 2024Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 6/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that James Camarda has joined as a Managing Director in Star Mountain’s Tampa, Florida office.
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TruckSmarter Announces $50 Million in Debt Financing to Continue Empowering Drivers Across the Trucking Industry
July 18, 2024TruckSmarter, a digital platform designed to assist owner-operators and trucking companies in optimizing their operations, today announced the close of a $50 million debt facility, with the option to scale to $100 million, led by CoVenture. The funding will allow TruckSmarter to continue to scale its suite of financial services to further empower truck drivers to build, manage, and grow their businesses.
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