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TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Tucows Inc. Announces New Credit Facility with Bank of Montreal
Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million.
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SFNet's Independent Finance Roundtable to Discuss Turnaround, Best Practices, Debt Capital, Tech and Disclosures, Regulations and Licensing
SFNet's Independent Finance Roundtable (IFR) will be held April 18-20, 2023, at The Gwen in Chicago, IL. SFNet’s in-person Independent Finance Roundtable brings together senior-level executives from non-bank, independent SFNet member companies in a small setting. Attendees gather to discuss key industry topics that affect their business while enjoying time to network.
TSL Express Daily Headlines & News
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Dare Business Capital Welcomes Brandy McCurdy-Lozano as SVP, Portfolio Manager
October 21, 2024Dare Capital is proud to announce the onboarding of Brandy McCurdy-Lozano as the new SVP, Portfolio Manager. Brandy joins the company with over two decades of experience in the commercial finance industry, specializing in General Factoring and Transportation.
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Prospect Capital Corporation Provides First Lien Senior Secured Term and Convertible Loans to Support the Acquisition of Druid City Infusion by Inlet Road Capital Management
October 21, 2024Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided first lien senior secured term and convertible loans to support the acquisition of Druid City Infusion, LLC (“Druid City”) by investment funds managed by Inlet Road Capital Management, LLC (“Inlet Road”) in partnership with Druid City’s founders and leadership team.
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Turning Rock Partners Announces Successful Exit of MedShift
October 21, 2024Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York, announced the realization of its $45 million investment in MedShift (the "Company"). The Company is a founder owned and led medical technology software provider based in Charlotte, NC.
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MidCap Financial Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
October 21, 2024JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Bank, LTD. are Joint Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan Chase Bank, N.A is the Administrative Agent on the Facility.
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Republic Business Credit Funds $3,000,000 Factoring Facility for Southern Solar Company
October 21, 2024Following a period of rapid growth, a Texas-based solar panel installation company sought a long-term funding partnership with Republic Business Credit. The company’s founder said, “We needed a team with expertise in the energy industry combined with the long-term ability to scale with our business. Republic has that industry knowledge and vital flexibility.”
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Altriarch Secures $70 Million in Committed Capital from the State of Wisconsin Investment Board
October 21, 2024Altriarch Asset Management (“Altriarch”), a private credit firm, today announced a $70 million commitment from the State of Wisconsin Investment Board (“SWIB”). The investment allocates $20 million for Altriarch’s Specialty Finance Strategy (the “Strategy”), launched in August 2023, that seeks to deploy capital through a network of secured finance operators across the United States.
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eCapital Named to Inc.'s Power Partner List for the Second Time
October 21, 2024Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, today announced its third annual Power Partner Awards. The prestigious list honors B2B organizations across the country that have proven track records supporting entrepreneurs and helping startups grow. This year’s list recognizes eCapital among 359 companies in marketing and advertising, health and wellness, financial services, legal, logistics, public relations, and productivity, as well as other critical areas of business.
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Commercial Credit Group Inc. Celebrates 20 Years of Equipment Financing
October 21, 2024Commercial Credit Group Inc. (CCG), an independent equipment finance company serving the construction, manufacturing, transportation, and waste industries held employee events on Friday, October 18, to celebrate the 20th anniversary of the company’s founding.
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Pathlight Capital Serves as Documentation Agent on $425MM SPV ABL Facility and $120MM Retail Inventory ABL Facility for The Aaron's Company
October 21, 2024Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Documentation Agent on a $425,000,000 SPV ABL facility ("SPV ABL") and $120,000,000 retail inventory ABL facility ("Retail ABL") for The Aaron's Company, Inc. ("Aaron's", or the "Company"), an omni channel provider of lease-to-own ("LTO") and retail purchase solutions of furniture, consumer electronics, and home appliances across its brands: Aaron's, BrandsMart U.S.A, BrandsMart Leasing, and Woodhaven.
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Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp
October 21, 2024Atlantic Union Bankshares Corporation (“Atlantic Union”) (NYSE: AUB) and Sandy Spring Bancorp (“Sandy Spring”) (Nasdaq: SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion.
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Portage Point Partners Announces Addition of Ryan Senter to Performance Improvement Practice
October 21, 2024Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, welcomes Ryan Senter as a Managing Director in the Performance Improvement practice.
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Staffing Powerhouse Secures $50 Million Facility from eCapital to Meet Energy Sector Demands
October 21, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the completion of a $50 million confidential factoring facility for a prominent staffing company specializing in power and energy
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M&A Disputes Report: Five Years in Review: Lessons Learned and Future Outlook
October 21, 2024Launched today, BRG’s "M&A Disputes Report: Five Years in Review – Lessons Learned and Future Outlook" examines the evolution of the M&A disputes landscape since BRG’s research into this area first launched in 2020.
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Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies
October 21, 2024Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”).
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Reynolds Consumer Products Announces Extended and Upsized Revolving Credit Facility
October 21, 2024Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo.
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Culain Capital Funding, LLC Completes Capital Raise to Accelerate Growth and Fund New Clients
October 21, 2024Culain Capital Funding, LLC, a leading factor and asset-based lender, is pleased to announce the closing of a new $30 million senior lending facility with Texas Capital. This strategic partnership will provide Culain Capital with enhanced capabilities to expand its working capital solutions, allowing the firm to support a broader range of businesses in need of flexible financing options.
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Greenbelt Environmental Services Secures Credit Facility to Support Growth and Innovation
October 17, 2024Greenbelt Environmental Services ("GES"), a leading provider of comprehensive waste and recycling solutions, is pleased to announce the successful closing of a new credit facility (the "Financing"). The Financing will enable GES to execute its strategic growth initiatives, including investments in capacity expansion and technological solutions to enhance the customer experience.
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Mitsubishi HC Capital America Strengthens Channel Finance Capabilities with Hiring of Paul Slocum
October 17, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce that Paul Slocum has joined the company as Vice President of Sales for the technology finance team.
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Bank Economists: Credit Conditions Expected to Improve for Both Consumers and Small Businesses for First Time Since 2022
October 17, 2024For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today.
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Jon Fox Joins MidOcean Partners as Global Head of Capital Formation
October 17, 2024MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital and alternative credit investments, announced today that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation.
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