- Mitsubishi HC Capital America Identifies Four Key Trends to Shape Equipment Finance in 2026
- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
- Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
- ArentFox Schiff Welcomes Corporate Partner Julia Zhu-Morelli in Los Angeles
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Citizens Leads $750 Million Credit Facility for Hexcel Corporation
Citizens is leading a $750 million senior credit facility for Stamford, CT-based Hexcel Corporation.
Founded in 1948, Hexcel is a leading advanced composites company specializing in the development, manufacturing, and marketing of lightweight, high-performance materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives, and composite structures for use in commercial aerospace, space and defense, and industrial applications.
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Bankruptcy & Restructuring - Where are we Now? Update 2022
The last two years have been a roller coaster for businesses. The early pandemic lockdowns initially wreaked havoc on small businesses; and then we saw what some consider to be a market overcorrection. Relief came in the form of PPP loans, Main Street Lending, and various other subsidies and programs. We look to the data – year over year commercial bankruptcy filings are down 31% and Chapter 11 filings are down 48%. Comparing 2021 to 2019, commercial bankruptcy filings are down 31% and Chapter 11 filings are down 33%.
TSL Express Daily Headlines & News
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Ashton Laborde Promoted to COO of Cash Flow Resources, LLC (CFR)
March 6, 2024Cash Flow Resources, LLC (CFR) is pleased to announce the promotion of Ashton Laborde, to Chief Operating Officer (COO). Ashton has spent more than 12 years at CFR understanding client needs and helping them stabilize their cash flow to better control their business.
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Synovus Names Chief Third-Party Payments Officer, Maast CEO
March 6, 2024Synovus Bank has named Jonathan O’Connor as its chief third-party payments officer and CEO of Maast, effective Feb. 29, 2024. In his role, O’Connor will lead the bank’s third-party payments, including merchant services and sponsorships, to expand growth opportunities in the payments space. He also will lead Maast, a wholly-owned subsidiary of the bank, to further bolster banking-as-a-service and embedded finance solutions nationwide.
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Comvest Credit Partners Provides Financing to Billhighway to Support Acquisition Strategy
March 6, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) for Billhighway (or the “Company”), a Troy, Mich.-based provider of finance management technology solutions for fraternal organizations and associations, and private equity firm Lovell Minnick Partners (“LMP”).
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Carputty Secures $80M In New Funds to Accelerate Growth
March 6, 2024Carputty (“Carputty” or the “Company”), a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank.
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Connor Joins CohnReznick as Principal and Risk Advisory Practice Leader
March 6, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Yvette Connor has joined the firm as Principal and Risk Advisory Practice Leader along with members of her core team. In addition to leading the practice and advising clients, she will be driving strategic growth through the launch of an Enterprise Risk Management service line that will complement the firm’s current Risk Advisory offerings.
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Gridiron Capital Announces GarageCo, A Family of Family Brands
March 6, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, announces the formation of GarageCo Holdings, LLC (“GarageCo” or the “Company”), the fifth platform company of its recently closed $2.1 Billion Fund V.
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The Hedaya Capital Group Welcomes David Huber as Vice President, Portfolio and Operations Manager
March 6, 2024The Hedaya Capital Group, a leading provider of flexible factoring and working capital solutions, is pleased to announce that David Huber has joined the Company as Vice President, Portfolio and Operations Manager. In this role, he will manage and oversee the Company’s factoring client portfolio, manage the account executive and operations teams, and foster a collaborative and high-performance team culture.
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Lendscape Strengthens Commercial Team with New Appointment
March 6, 2024Lendscape, a leading technology provider for all forms of secured finance, has announced the appointment of Chris Coleman as Regional Commercial Director.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February. Some of these facilities include: A $400,000 factoring facility for a transportation company in Nebraska and a $1,500,000 factoring facility for a transportation company in Illinois.
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Crown Partners Arranges $82.5 Million Senior Financing for Signature Brands
March 5, 2024Crown Partners announces the successful arrangement of $82.5 million of senior debt for Signature Brands, LLC (“Signature Brands”), a portfolio company of Traub Capital Partners. The firm served as exclusive financial advisor to Signature Brands in connection with this transaction.
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Beloved Crafts Retailer is on the Brink of Chapter 11 Bankruptcy
March 5, 2024A major U.S. crafts retailer, based in Hudson, Ohio, could be headed for bankruptcy soon. Joann Inc. is considering filing Chapter 11 bankruptcy, which could happen as soon as next week, as part of a deal that would give control of the company to lenders while allowing the company to shed its debt, Bloomberg reported.
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Kuber Announces Increase of Credit Facility to $100 Million
March 5, 2024Kuber Mortgage Investment Corporation ("Kuber" or the "Company") is pleased to announce an increase to its revolving credit facility (the "Credit Facility") from $80 million to $100 million with continued support by two of Canada's largest banks, effective March 1, 2024.
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Armata Pharmaceuticals Announces $35 Million Secured Credit Agreement with Innoviva
March 5, 2024Armata Pharmaceuticals, Inc. (NYSE American: ARMP) ("Armata" or the "Company"), a biotechnology company focused on pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections, today announced that it has entered into a secured credit agreement with Innoviva Strategic Opportunities LLC, a wholly-owned subsidiary of Innoviva Inc.
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Republic Business Credit Partners with TRUE linkswear to Fuel Growth
March 5, 2024TRUE linkswear sought a long-term financing partner in Republic Business Credit, which understood the footwear and apparel company's e-commerce and wholesale market strategy and could keep up with TRUE's dynamic growth trajectory. Republic provided a sizeable asset-based loan to ensure availability against TRUE's inventory and accounts receivables
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CFG Merchant Solutions Upsizes Corporate Note to $30.0 Million
March 5, 2024CFG Merchant Solutions, LLC (“CFGMS” or the “Company”), a technology-enabled specialty finance and alternative funding provider, announced the upsize to $30.0 million of its investment-grade corporate note. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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