- Alpine Ridge Funding Announces New Executive Hire
- Shane McDonald Joins Cahill’s London Office as Leveraged Finance Partner
- TSL Feature Articles
- Asset-Based Lending & Factoring Surveys
- AFC Expands Revolving Credit Facility with $30 Million Additional Commitment from Existing FDIC-Insured Banking Partner
TSL Express Daily Articles & News
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Corcentric Secures $315 Million Senior Credit Facility
Corcentric, a leading global provider of best-in-class procurement and finance solutions, announced today it secured a new $315 million senior credit facility. The capital raise consists of a $250 million senior secured asset-based loan revolver from Bank of America and JPMorgan Chase & Co. and a $65 million term loan from TCW Private Credit Group.
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Interview with Wells Fargo’s Mary Katherine Dubose
In July, Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. In this role, DuBose leads key lending divisions for Commercial Banking, delivering streamlined, efficient working capital solutions to serve the needs of clients globally. Through the broad portfolio of secured lending solutions, she works directly with clients, lending on a wide variety of collateral. DuBose reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.
TSL Express Daily Headlines & News
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Wintrust Receivables Finance Announces Closing of New $3.5M Line of Credit for Early Stage, Fast Growing, Third-Party Logistics Company
May 28, 2024Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $3,500,000 account receivable line of credit for a Midwest-based third-party logistics company.
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First Horizon Bank Recognized as One of Forbes America's Best Employers for New Grads 2024
May 28, 2024First Horizon Corporation (NYSE: FHN or "First Horizon") has been recognized as one of America's Best Employers for New Grads 2024! This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 21, 2024, and can be viewed on Forbes.com.
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CFG Merchant Solutions Closes Credit Facility of up to $145 Million to Support Small Business Growth
May 28, 2024CFG Merchant Solutions, LLC (“CFGMS” or the “Company”), a technology-enabled specialty finance and alternative funding provider, announced the successful completion of a $100.0 million senior credit facility. The credit facility is expandable up to an additional $45.0 million, representing a total capital raise of up to $145.0 million.
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GOL Announces Next Important Milestone in Financial Restructuring
May 28, 2024GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), a leading domestic airline in Brazil, today announced the next important milestone in its financial restructuring process initiated in the United States Bankruptcy Court, disclosing its new 5-Year Financial Plan (the "GOL 5-Year Plan" or the "5-Year Plan") that is expected to serve as the foundation for the Company's standalone legal plan of reorganization under Chapter 11 (the "Plan of Reorganization").
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Creative Realities Closes on New Revolving Credit Facility
May 28, 2024Creative Realities, Inc., a leading provider of digital signage and media solutions, today announced that it and First Merchants Bank (“FMB”) executed a credit agreement implementing the previously-announced $22.1 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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First Citizens Bank Provides $74 Million for Multifamily Building in Downtown Brooklyn
May 28, 2024First Citizens Bank today announced that its Commercial Real Estate business served as sole lender on a $74 million senior secured loan to Lonicera Partners on a 23-story, class A multifamily building in Downtown Brooklyn, New York.
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Comvest Partners Announces Investment In Senior Helpers
May 28, 2024Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Md.-based national leader in home care and wellness offerings for seniors.
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Axiom Bank Announces Factoring Facility for Transportation and Logistics Company
May 28, 2024Axiom Bank announced it provided a $4,625,000 transportation factoring facility for a multi-state transportation and logistics company.
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First Citizens Middle Market Banking Names Erik Langeland Relationship Manager and Market Leader for Northern California
May 28, 2024First Citizens Bank today announced that its Middle Market Banking group has named Erik Langeland as a relationship manager and market leader focused on building new business in Northern California. Langeland will be responsible for developing and maintaining a portfolio of middle market banking relationships, as well as delivering a full suite of commercial banking products and services.
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Eclipse Business Capital Closes $170MM ABL Credit Facility To A Specialty Retailer
May 28, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $170 million senior secured ABL credit facility to a specialty retailer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.
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AFC Gamma Provides Senior Secured Credit Facility to Women-Owned Grön Edibles
May 28, 2024AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has provided a senior secured credit facility to Grön Holdings Inc. (“Grön” or “Grön Edibles”), one of North America’s largest producers of adult-use cannabis-infused edibles. Grön intends to use the proceeds from the new credit facility to expand its business into new states.
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MidOcean Partners Provides Structured Capital to Fund the Growth of GridHawk, a Premier Provider of Utility Damage Prevention Services
May 28, 2024MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, today announced it has made a preferred equity investment in GridHawk Holdings (“GridHawk” or the “Company”), a premier provider of damage prevention services for critical utility infrastructure across the U.S.
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Recurrent Energy Secures Landmark Green, Multi-currency Financing for up to €1.3 Billion to Accelerate European Renewable Energy Portfolio
May 28, 2024ecurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, today announced that it has secured a landmark multi-currency revolving credit facility valued at up to €1.3 billion with ten banks for the construction of renewable energy projects in several European countries. Recurrent Energy and the participating financial institutions signed the agreement in Seville, Spain.
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Comvest Partners Announces $70 Million Senior Credit Facility For Nationwide Energy Partners to Support Growth Strategy
May 28, 2024Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent and is the Sole Lender on a $70 million senior secured credit facility (the “Financing”) for Nationwide Energy Partners (“NEP”, or the “Company”), an Ohio-based provider of utility management services to the multifamily market.
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Capital Group and KKR Form Exclusive Strategic Partnership to Create Public-Private Investment Solutions
May 28, 2024Leading global investment firms, Capital Group and KKR, today announced an exclusive, strategic partnership to bring new ways for investors to incorporate alternative investments into their portfolios. Capital Group and KKR intend to make hybrid public-private markets investment solutions available to investors across multiple asset classes, geographies and channels.
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Assembled Brands Capital Closes Line of Credit with Happy Dad Hard Seltzer & Tea
May 23, 2024Assembled Brands is celebrating a new substantial facility with Happy Dad Hard Seltzer & Tea. With access to a flexible line of credit, the California-based company is well prepared to grow its inventory positions and scale the business month over month without limitation.
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Assembled Brands Capital Provides Substantial Line of Credit to Luxury Sleepwear Brand Lunya
May 23, 2024Assembled Brands is celebrating the closing of a new revolving line of credit with Lunya, a luxury sleep and loungewear brand that has become a favorite among retail partners and digital shoppers alike. Through this partnership, the apparel company will further extend its marketing efforts, and continue to expand its inventory assortment.
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Allegion Completes Extension and Increase of Revolving Credit Facility
May 23, 2024Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has successfully completed the extension and increase of its existing senior unsecured revolving credit facility.
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Thurston Group Portfolio Company, Gen4 Dental Partners, Secures $315M Credit Facility
May 23, 2024Thurston Group ("Thurston"), a leading private equity firm specializing in healthcare investments, is pleased to announce its portfolio company, Gen4 Dental Partners ("Gen4"), has closed on a $315 million credit facility. The financing which was used to refinance existing indebtedness and fund acquisitions under LOI, was significantly oversubscribed and led by Man Varagon.
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H2O Innovation Announces the Closing of a US $85M Blue Loan Credit Facility
May 23, 2024H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is proud to announce that it has entered into an agreement with National Bank of Canada, acting as lead arranger, sole bookrunner, administrative agent and Sustainability Structuring Agent of a syndicate of three banks including Scotiabank and the Toronto-Dominion Bank, to increase the Corporation’s revolving credit facility to $85M, a rise of $30M since the previous loan increase.
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