- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- Sallyport Commercial Finance Provides a $1 Million Factoring Facility for a Growing Canadian Manufacturer
- Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Wingspire Capital Provides $230MM+ of Commitments in 1Q23
Wingspire Capital LLC is pleased to announce that it completed five transactions with cumulative commitments of more than $230 million in the first quarter of 2023.
The types and sizes of the transactions were diverse, as were the borrowers — ranging from a major cosmetics brand to a travel technology platform to a global cloud networking provider. The senior secured credit facilities included revolvers, exit financing as part of a pre-packaged bankruptcy, an add-on financing term loan, and an agented $125 million facility.
TSL Express Trending Story
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In 2010, only 19 women served on the SFNet Board of Directors, today there are 46. We’ve doubled the representation of women on the Executive Committee from three to six. Here, we speak with the six women who currently sit on SFNet’s Executive and Management Committees.
TSL Express Daily Headlines & News
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Float Partners with Silicon Valley Bank, a division of First Citizens Bank, Secures C$50 Million in Financing to Accelerate Growth
February 13, 2024Float, one of Canada's fastest growing fintechs, has kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank.
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MidCap Financial Closes $35mm Senior Revolving Credit Facility to Arc
February 13, 2024MidCap Financial, a leading commercial finance company focused on middle-market transactions, today announced it has provided a $35mm senior revolving credit facility to Arc International North American Holdings, Inc. (“Arc” or “Company”).
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Evolve Bank & Trust Appoints Peter Moenickheim as Chief Risk Officer
February 13, 2024Evolve Bank & Trust (“Evolve”), a global leader in the payments and Banking-as-a-Service (“BaaS”) industry, announced today it has appointed Peter Moenickheim as Chief Risk Officer. Peter brings with him more than 20 years of experience assessing and managing risk for the banking, consumer finance, and payments industry.
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Cliffwater Enhanced Lending Fund Adds Nicholas Lenicheck to Growing Platform
February 13, 2024Cliffwater Enhanced Lending Fund ("CELFX" or "the Fund"), an interval fund providing access to alternative private debt strategies, announced Nicholas Lenicheck has joined its investment team as a Managing Director and will be based in New York.
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Wingspire Capital Agents a Senior Secured Revolver to a Specialty Finance Company
February 13, 2024Wingspire Capital has agented a senior secured credit facility to a specialty finance company that offers senior secured loans to high growth consumer products companies. Wingspire Capital agented the facility and brought in Encina Lender Finance as a partner.
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AmeriFactors Appoints Angela Fiorentino as New President
February 13, 2024AmeriFactors Financial Group, LLC is thrilled to announce the appointment of Angela Fiorentino as its new President and Chief Executive Officer, in addition to her current role as General Counsel.
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Gridiron Capital Promotes Lauren Amos to Vice President
February 13, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the promotion of Lauren Amos to Vice President. In her elevated role, Ms. Amos will focus on fostering new relationships, fundraising, and advancing the firm’s strategic marketing initiatives.
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Gordon Brothers Provides $5M Operating Lease to Aerospace & Defense Solutions Provider
February 13, 2024Gordon Brothers, the global asset experts, has provided a five-year operating lease to an Ohio-based aerospace and defense solutions provider for 15 late-model CNC machine tools worth more than $5 million.
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Huntington Business Credit Closes $13 Million in New Credit Facilities with C&K Industrial Services, Inc.
February 13, 2024Huntington Business Credit announced it closed a $13,000,000 in new credit facilities with C&K Industrial Services, Inc. on December 28, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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BankFinancial Corporation Announces Expansion of Board of Directors and Standstill Agreement with Strategic Value Bank Partners, LLC, Strategic Value Investors LP and Benjamin Mackovak
February 13, 2024BankFinancial Corporation (Nasdaq: BFIN) announced today that it expanded its Board of Directors with the election of Mr. Aaron O’Connor and Mr. Benjamin Mackovak.
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Cineverse Expands Existing Credit Line With East West Bank to $7.5 Million
February 13, 2024Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced that it has expanded its line of credit from East West Bank to $7.5 million.
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KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024
February 13, 2024KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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Gateway Trade Funding Provides a $2,800,000 Purchase Order Facility to a Hardware and Software Company
February 13, 2024A hardware and software company secured a large order from a Canadian distributor but encountered a shortfall in working capital to acquire the required inventory. Not willing to miss out on this chance, a finance broker recommended Gateway Trade Funding.
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Hogan Lovells Continues New York Expansion with Addition of Capital Markets Partner
February 13, 2024Global law firm Hogan Lovells announced today that Rupa Briggs has joined as a capital markets partner in the firm’s Corporate & Finance practice group in the New York office. Rupa joins from Cooley, where she represented issuers and investment banks in capital markets transactions.
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Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office
February 13, 2024Citizens Financial Group, Inc. (NYSE: CFG) today unveiled a number of changes aimed at accelerating the growth of its Wealth Management and Private Banking business to serve the entire spectrum of wealth clients, from mass affluent to ultra-high net worth and family offices.
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Comvest Partners Announces New Growth Capital Investment in ClearOne Advantage
February 13, 2024Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a new growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. Comvest has been a capital provider to ClearOne since 2017.
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FTI Consulting Adds Digital Transformation and Revenue Expert Shubho Ghosh and Three Managing Directors
February 13, 2024FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Shubho Ghosh as a Senior Managing Director and Nishi Anand, Dr. Nancy Greenlee and Nirjhar Ray as Managing Directors in the Digital Transformation offering within the firm’s Corporate Finance & Restructuring segment.
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Silver Creek Capital Hires David Matter as Co-Chief Investment Officer
February 12, 2024Silver Creek Capital Management (“Silver Creek” or the “Firm”), an alternative investment boutique focused on developing unique investment solutions for institutional and sophisticated investors globally, announced today that David Matter has joined the Firm as Co-Chief Investment Officer.
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Sallyport Commercial Finance Provides $500,000 for Organic Soap Manufacturer
February 12, 2024Referred to Sallyport by an industry peer during a pivotal acquisition phase, we presented diverse financing options tailored to the business's unique needs. The facility not only enhanced liquidity throughout the acquisition, covering international debtors, but also positioned the company with the necessary working capital for ambitious expansion plans both domestically and globally.
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Republic Business Credit Provides $4 Million Traditional Factoring Facility to Apparel Company
February 12, 2024When a swimwear manufacturer outgrew its lender and sought a larger factoring facility, it partnered with Republic Business Credit. Republic was the ideal partner, providing the company with a larger factoring facility and more customer credit support than its previous factor, ahead of an oversold spring season.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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