- Jones Day Expands Melbourne Office With Arrival of Three Litigation Partners
- The Cosine Group, a Division of Armory Securities, Announces That Ocean Crest Advisory has Joined the Firm
- SouthStar Capital Closes a Combined PO and AR Financing Facility
- Market Sizing Study
- PlainsCapital Bank Welcomes Anthony White as Senior Relationship Manager in San Antonio
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Non-banks more bullish, banks more bearish about new business demand, hiring and client utilization for asset-based lending
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In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The second place and first place winners will be published in the October and November issues of The Secured Lender, respectively.
TSL Express Daily Headlines & News
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Gridiron Capital-Backed Vertical Supply Group Acquires Yates Gear, Leaders in Fall Protection
June 5, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company Vertical Supply Group (“VSG” or the “Company”), a leading supplier and manufacturer of life safety equipment, has acquired Yates Gear (“Yates”)
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CFPB Issues Final Rule for Section 1071
June 5, 2024On May 17, 2024, the Consumer Financial Protection Bureau (CFPB) announced plans to extend the compliance deadlines for its Small Business Lending Rule, following a Supreme Court ruling that ended a temporary injunction on the rule. The rule, implementing Section 1071 of the Dodd-Frank Act, requires financial institutions to collect and report data on small business lending activities.
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Lendbuzz and MUFG Announce $100 Million Warehouse Facility
June 5, 2024Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $100 million credit facility with MUFG. The additional warehouse capacity will fuel Lendbuzz’s continued loan origination growth.
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U.S. Bancorp Announces new WCIB Business Leaders, new Institutional Client Group
June 5, 2024U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, today announced expanded leadership roles for Stephen Philipson and Felicia La Forgia as part of an effort to strategically position the bank’s Wealth, Corporate, Commercial and Institutional Banking (WCIB) team.
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FTI Consulting Appoints Asset-Based Lending Expert to Lender Services Practice as Managing Director
June 5, 2024FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Peter Dumas as a Managing Director in the Lender Services practice within the firm’s Corporate Finance & Restructuring segment.
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May Small Business Filings Increase 53 Percent Over the Same Period Last Year
June 5, 2024Small business filings, captured as subchapter V elections within chapter 11, registered a 53 percent increase to 228 in May 2024 from 149 in May 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Commercial chapter 11 filings increased 11 percent in May 2024 to 759 from the 683 filings in May 2023.
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Gray Announces Closing of Term Loan and Revolving Credit Facility Refinancing
June 4, 2024Gray Television, Inc. (“Gray” or the “Company”) (NYSE: GTN) announced today that it has closed a refinancing of its $1.15 billion term loan due in 2026 and upsizing of its revolving credit facility.
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In Memoriam: Eric Anderson
June 4, 2024Eric William Anderson, age 63, of Atlanta, Georgia, passed away peacefully in his home on May 30, 2024. He was born on May 24, 1961, in Madison, Wisconsin, to Eleanor Shefferman and Norman Anderson. He is survived by his wife, Ellen; his children, Ian, Henry, and Eva; and his grandchildren, Bowen and Brooks.
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BMO Private Bank Names Steve Johnson Regional President, North Central States
June 4, 2024BMO Private Bank announced today that Steve Johnson has been named to the role of Regional President, North Central States, BMO Private Bank. In this role, he will be responsible for the strategic development and delivery of wealth management services for high-net-worth individuals, family-owned businesses, endowments and foundations in Wisconsin, Minnesota, Indiana, Kansas and Missouri.
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Raketech Signs Revolving Credit Facility with Bank of Valletta
June 4, 2024Raketech Group Holding Plc (Nasdaq:RAKE), the iGaming performance marketing partner is pleased to announce that the company has signed a revolving credit facility (RCF) with Bank of Valletta, one of the largest banks in Malta, partially owned by the Maltese government.
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First Citizens BancShares Debuts on Fortune 500
June 4, 2024First Citizens BancShares Inc. (Nasdaq: FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the largest companies in the United States by revenue.
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Monroe Capital Supports Sheer Logistics’ Acquisition of CargoBarn
June 4, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn Partners.
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Cambridge Savings Bank Hires Industry Veteran as the New Head of Consumer and Small Business Banking
June 4, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, is pleased to announce that Angela Conti will be joining the leadership team as Head of Consumer and Small Business Banking.
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Beacon Pointe Advisors Expands Pacific Northwest Presence with Joslin Capital Acquisition
June 4, 2024Beacon Pointe Advisors ("Beacon Pointe") announces its recent partnership with Joslin Capital Advisors ("Joslin Capital"). Based in Redmond, Washington, Joslin Capital is Beacon Pointe's second RIA acquisition of 2024 and brings approximately $775M in client assets under advisement to Beacon Pointe.
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Nassau Financial Group and Golub Capital Announce Strategic Partnership
June 4, 2024Nassau Financial Group (“Nassau”), a leading provider of fixed annuities and asset management, and Golub Capital, a market-leading direct lender and experienced credit asset manager, today announced they have signed a definitive agreement to enter into a strategic partnership.
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WGA Releases Q2 2024 Bank Outlook
June 4, 2024Whalen Global Advisors LLC (WGA) has published the latest edition of The IRA Bank Book for Q2 2024. The quarterly outlook for the US banking industry features more than 30 Pages of charts and commentary about the financial condition of the sector. The highlights of the new report include:
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Legacy Corporate Lending Appoints Carlos Acedo as Vice President of Finance
June 4, 2024Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it has appointed Carlos Acedo as the Company’s Vice President of Finance. Mr. Acedo will report to Legacy Chief Executive Officer Clark Griffith and will play a key role in shaping the financial strategies of the company.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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