- Cambridge Savings Bank Supports Global Printing and Packaging’s Acquisition of Rocketbook
- Winston & Strawn Unveils New Miami Office
- Monroe Capital Supports IMMEC’s Investment in Helton Electrical Services
- First Business Bank Promotes Kevin McGraw To Vice President - Asset-Based Lending
- First Business Bank's Asset-Based Lending Team Funds $5 Million Credit Facility For Growing Healthcare Services Company
TSL Express Daily Articles & News
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Legacy Corporate Lending Bolsters Leadership Team with Addition of Neal Mulford as Executive Vice President, Portfolio & Underwriting
Legacy 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 Neil Mulford has joined the firm as Executive Vice President, Portfolio & Underwriting. Mr. Mulford will work closely with Legacy’s originations team and will be responsible for conducting the underwriting process and structuring and closing new transactions.
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Too Little. Too Late. Too Much. Inventory Management Amid Ongoing Supply Chain Disruption
As recent years have demonstrated, a variety of events, from a once-in-a-lifetime worldwide health crisis like a pandemic to a regional conflict like the Russian invasion of Ukraine to long-planned political changes such as Brexit, can easily interrupt global supply chains. These recent events resulted in three phases of supply chain disruptions.
TSL Express Daily Headlines & News
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QuickFi Wins Best of Show at Finovate Spring 2024
May 23, 2024QuickFi® was recognized as Best of Show at Finovate Spring 2024. QuickFi participated with over 50 companies at Finovate Spring 2024, a leading fintech event series held annually in San Francisco, New York City, Asia, and Europe.
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Sallyport Commercial Finance Revitalizes Canadian Business with $2.5M Finance Boost
May 23, 2024At a crucial time in Big Eric’s 80-year history, Sallyport Commercial Finance is delighted to announce $2.5 million in financing for an established Canadian business in need of funding to support their restructure and continued growth.
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Haynes Boone Surveys Reveal Diverging Expectations for Oil and Gas Producers in Spring 2024
May 23, 2024The Spring 2024 Haynes and Boone, LLP borrowing base and price deck surveys revealed lenders are increasingly bullish on oil prices contrasted by a severe near-term slump in natural gas markets, and market players expect asset divestments driven by a recent wave of energy M&A activity to likely increase in 2025.
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Monroe Capital Supports Dealer Services Network’s Acquisition of Express OMV
May 23, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Dealer Services Network’s (“DSN”) acquisition of Express OMV. DSN is an existing portfolio company of Frontenac.
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Barclays Appoints David King as Global Head of Technology M&A
May 23, 2024Barclays today announces the appointment of David King as Global Head of Technology M&A. Mr. King will be based in San Francisco, will report to Ihsan Essaid, Global Head of M&A, and will work in close partnership with Kristin Roth DeClark, Global Head of Technology Investment Banking.
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Broadway Financial Corporation Announces Four Additions to Senior Management Team
May 22, 2024Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the “Bank” and collectively with the Company, “City First Broadway”), today announced the addition of four experienced senior officers to the management team of City First Broadway.
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Bain Capital Specialty Finance, Inc. Increases and Extends Its Revolving Credit Facility
May 22, 2024Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) announced today that it has increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent (the “Sumitomo Credit Facility”) to $855 million from $665 million and extended the maturity date to May 18, 2029 from December 24, 2026. The total number of lenders to the Sumitomo Credit Facility increased to 14.
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Culain Capital Funding Closes $1.0MM for Texas Workforce Solutions Provider
May 22, 2024Culain Capital, a leading provider of innovative financial solutions, is pleased to announce the origination of a $1,000,000 accounts receivable financing to a prominent Texas-based workforce solutions company. This strategic funding will empower the company to enhance its operational capacity and continue delivering exceptional workforce services across the state.
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SLR Business Credit Provides $2.5 Million Credit Facility to Transportation, Distribution and Logistics Company
May 22, 2024SLR Business Credit announces the funding of a $2.5 million asset-based revolving line of credit to a Southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including Drayage, FTL, Intermodal, Bulk Storage, Cross-Docking, Overweight Cartage and Warehousing.
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SLR Healthcare ABL Provides $3 Million for a Skilled Nursing Operator
May 22, 2024SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to a skilled nursing operator in the upper Midwest.
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Cohen Joins CohnReznick as Tax Partner
May 22, 2024CohnReznick LLP today announced that Nissim Cohen, CPA has joined the firm as a partner in its expanding Tax practice. Based in New York, Cohen specializes in providing strategic tax advice, managing tax compliance, planning, and provision issues for clients in a range of in industries including technology, manufacturing & distribution, transportation, and consumer product.
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Amerisource Closes $16,000,000 Credit Facility for Returning Logistics Client
May 22, 2024Amerisource Business Capital announced the closing and funding of a $16,000,000 revolving credit facility for a transportation and logistics company based in Texas. The proceeds were used to refinance the company’s existing bank revolver to provide greater liquidity and support for the company's continued expansion efforts.
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WSFS Strengthens Executive Leadership Team to Support Next Phase of Growth
May 22, 2024WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today that David Burg will join the Company as Executive Vice President, Chief Financial Officer on August 15, 2024. In this role, Burg will be responsible for leading the Company's financial operations and strategy, including Financial Planning and Analysis, Accounting and Financial Reporting, Treasury, and Investor Relations.
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Capchase Secures €105 Million from Deutsche Bank to Support Flexible Financing for SaaS Companies in Europe
May 22, 2024Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, today announced it has secured a €105 million credit facility warehouse led by Deutsche Bank. This new financing contributes to the more than $1 billion in combined debt and equity financing Capchase has received since its founding in 2020.
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Byline Sponsor Finance Supports Tenaz Capital’s Investment in Tracked Lifts
May 22, 2024Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support the recapitalization of Tracked Lifts, a portfolio company of Tenaz Capital. BSF was represented by Duane Morris, LLP.
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Republic Business Credit Expands Houston Office as Part of Company-Wide Growth Spurt
May 21, 2024Republic Business Credit, a nationally recognized commercial finance company, is expanding its Houston office to support the firm’s regional leader and SVP, Business Development, Houston, William Kemp. This expansion will boost Republic’s client base and help the company take on new factoring and lending opportunities nationwide.
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Nuveen Private Capital Strengthens U.S. Business Development Team with Two Senior Hires
May 21, 2024Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today announced the continued expansion of their U.S. client coverage capabilities with the appointment of Marc Gonyea and Chris Davis as Managing Directors.
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WhiteHawk Capital Partners Provides Credit Facility to MediaCo
May 21, 2024WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with MediaCo Holding, Inc. (“MediaCo”) to provide a $45 million first lien term loan facility (the "Facility") on April 17th, 2024. MediaCo used proceeds of the Facility to finance an acquisition of Estrella Media’s network, content, digital, and commercial operations.
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Wells Fargo Taps First Commercial Sales Leader to Focus on Asian Segment
May 21, 2024For the first time, Wells Fargo’s Commercial Banking team will have a leader dedicated to setting the strategy for growing and overseeing commercial banking relationships with Asian American and Pacific Islander-owned and -led businesses nationwide. As the Asian segment leader, Andrew Moy will help tailor solutions to support their business growth, access to capital, and individual wealth-building needs.
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eCapital Secures $3.5 Million Facility to Support Management Buyout for Renowned Book Publishing Company
May 21, 2024eCapital Corp. ("eCapital"), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has successfully funded a $3.5 million factoring facility for an esteemed book publishing company.
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