- Benefit Street Partners L.L.C. Announces Purchase of a $391 Million Loan Portfolio
- SFNet New Member Spotlight: Geneva Factors Ltd.
- Mitsubishi HC Capital Canada Closes US$62.5 Million Through Private Credit Platform to Accelerate Growth for Four Canadian Businesses
- Encina Lender Finance Provides Specialty Finance Company with $75 Million Credit Facility to Scale Origination of Consumer Lease-to-Own Assets
- EverGen Infrastructure Announces Closing of New FCC Credit Facility and $1.9 Million Private Placement
TSL Express Daily Articles & News
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Legacy Corporate Lending, New Asset-based Lending Company, Launches With Investment From Bain Capital Credit
Legacy Corporate Lending (“Legacy”) a new asset-based lending (ABL) company, today announced its launch as an independent lender focused on serving the needs of middle market companies across North America. Legacy is launching with a significant equity investment from funds managed by a subsidiary of Bain Capital Credit, L.P., (“Bain Capital Credit”), a leading global credit specialist.
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Where Are They Now? Catching up with prior SFNet 40 Under 40 Award winners
From promotions to new jobs to starting their own advisory firms, award winners share their career advice and what they have learned.
TSL Express Daily Headlines & News
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FinWise Bancorp Appoints Jim Noone President and Hires Robert Wahlman as Chief Financial Officer
April 1, 2024FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the appointment of Jim Noone to President along with the hiring and appointment of Robert Wahlman as Chief Financial Officer, effective immediately. Mr. Wahlman will succeed Javvis Jacobson, who will remain with the Bank as Treasurer.
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AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
April 1, 2024FC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced that it has provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state Florida operator.
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Unused Packaging and Labeling Equipment Available in Exceptional Opportunity for Food, Pharma, Medical and Other Industries
April 1, 2024Tiger Group is offering for immediate purchase unused packaging and labeling equipment from a shuttered pharmaceutical company.
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Installed Building Products Successfully Closes New Term Loan B Facility
March 28, 2024Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the "New Term Loan").
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Benefit Street Partners L.L.C. Announces Closing of $120 Million Loan on a Texas Office Portfolio
March 28, 2024Benefit Street Partners L.L.C. (“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio. Silver Star expects to sell all current assets within their portfolio and subsequently acquire self-storage properties and transition to a self-storage REIT.
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BHI Provides $50 Million to The Kolter Group To Finance 144-Unit Condominium Project “The Dillon” Located In Buckhead Neighborhood of Atlanta, GA
March 28, 2024BHI, a full-service commercial bank, announced that it has provided $50 million to an affiliate of The Kolter Group LLC as part of an overall $133 million credit facility secured to finance their 144-unit luxury condominium project “The Dillon” in the Buckhead neighborhood of Atlanta, Georgia. BHI is acting as administrative agent for the credit facility.
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LendingTree Announces $175 Million Financing From Apollo Funds
March 28, 2024LendingTree, Inc. (NASDAQ: TREE) ("LendingTree" or the "Company"), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced that it has secured up to $175 million in financing in the form of a first lien term loan facility (the "facility") from funds managed by Apollo affiliates (the "Apollo Funds").
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TAB Bank Appoints Justin Hatch as Chief Lending Officer
March 28, 2024TAB Bank has appointed Justin Hatch as its Chief Lending Officer, effective immediately. In his new role, Hatch will oversee the lending activities of TAB Bank’s working capital lending products, including asset-based lending, factoring, lending partnerships, lender finance, small ticket A/R financing and the bank’s commercial real estate.
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Varex Announces Closing of Revolving Credit Facility of $155 Million
March 28, 2024Varex Imaging Corporation (Nasdaq: VREX) today announced it has entered into a senior secured revolving credit agreement (the “RLOC Facility”) for an initial aggregate principal amount of up to $155 million. Zions Bancorporation, N.A. (“Zions”) acted as lead arranger and bookrunner for the new RLOC Facility. Simultaneously, Varex terminated its existing senior secured asset-based revolving credit agreement.
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Pemberton Closes Third Strategic Credit Fund at €2.3bn
March 28, 2024Pemberton Strategic Credit was launched in 2017 as a differentiated opportunistic direct lending strategy investing in primary performing companies across Europe, deploying €5.4bn across three vintages.
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Wristwatch, Accessory Company Turns to Republic Business Credit for Spring Growth
March 27, 2024Republic Business Credit proudly announces its collaboration with a designer wristwatch and accessory distributor to provide vital financial support for the upcoming spring and summer sales surge. Recognizing the distributor's growth potential, Republic has approved a $5 million factoring facility, ensuring seamless fulfillment of initial orders while safeguarding against heightened summer demand.
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Lawrence Financial Appoints Mena M. Rizk its Newest Partner
March 27, 2024Lawrence Financial appointed Mena M. Rizk its newest partner. Rizk has background in originating and underwriting transactions, coupled with a unique approach to financial solutions.
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K-Bro Announces New Upsized Syndicated Credit Facility
March 27, 2024K-Bro Linen Inc. ("K-Bro" or the "Corporation") (TSX: KBL) today announced that it has entered into a three-year, $175 million committed, syndicated revolving credit facility (the "Credit Facility"). The Toronto-Dominion Bank ("TD") is acting as lead arranger, sole bookrunner, and administrative agent, with National Bank of Canada and Canadian Western Bank as lenders (together with TD, the "Lenders").
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SLR Digital Finance Completes $2,000,000 Revolving Credit Facility for Digital Marketing Company
March 27, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $2 million asset-based revolving line of credit to a provider of digital marketing services. The proceeds of the credit facility were used to repay the bank and provide additional working capital for growth.
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EisnerAmper Names New Leaders in Software and Biotech
March 27, 2024New York-based IPA top 100 firm EisnerAmper (FY22 net revenue of $614 million) has announced the appointment of new leaders to head its technology and life sciences divisions. This move reflects the firm’s strategic endeavor to enhance its proficiency in these pivotal sectors.
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Leste Group Appoints Four Executives to New Senior Team Roles
March 27, 2024Leste Group (“Leste”), a global alternative investment manager, today announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.
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Houlihan Lokey Expands Financial Sponsors Coverage Capabilities with Experienced Hire
March 27, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Val Shapiro has joined the firm’s Financial Sponsors Group as a Managing Director to support and expand the team’s credit coverage efforts, focusing on alternative asset managers, hedge funds, credit funds, and collateralized loan obligations.
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Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About Upcoming Presidential Election
March 27, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty surrounding the retail and construction industries.
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Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores
March 26, 2024Gordon Brothers, the global asset experts, has provided a $100 million exit facility commitment as Agent for Jo-Ann Stores LLC to support the U.S. arts and crafts specialty retailer’s restructuring and bolster the company’s liquidity. Gordon Brothers provided a first-in, last-out credit facility last year to help optimize Jo-Ann Stores’ balance sheet and drive free cash flow across the enterprise.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
March 26, 2024O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Corridor Capital in its acquisition of Association Headquarters, LLC ("Association HQ").
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