- Convene Hospitality Group Secures $230 Million Of Strategic Growth Capital
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Shane McDonald Joins Cahill’s London Office as Leveraged Finance Partner
- Saks Global Targets Summer Exit From Chapter 11 After Securing New Financing
- Top California Lender Closes $7.8 Million in Acquisition Loans Across Denver and Austin
TSL Express Daily Articles & News
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Vice Media Files for Bankruptcy
Vice will enter into a purchasing agreement with a number of its vendors to try and stay afloat, according to a filing in New York federal court. The group, led by Fortress Investment Group, Soros Fund Management, and Monroe Capital, will purchase Vice's assets for $225 million and take on liabilities as high as $1 billion, the filing said.
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SFNet's YoPro Leadership Summit Is Back in Person
After two years of virtual and hybrid conferences, SFNet's YoPro Leadership Summit returns in person August 3 to 4, 2022 at King & Spalding LLP in Atlanta, GA. Young professionals of the secured finance industry will hear from industry leaders, connect with peers, and discover together how to find success in new, flexible work structures. This year’s speakers and panelists will provide a market perspective, share an e-commerce update, and discuss diversity, equity and inclusiveness initiatives. In addition, attendees will have the opportunity to hear from industry titans and former SFNet 40 Under 40 Award winners. We’ll also have small-group networking sessions, icebreakers, group social activities and receptions in the evening.
TSL Express Daily Headlines & News
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Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
April 18, 2024Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility significantly enhances the Company's liquidity position and is incremental to the borrowing capacity within the Company's current $900 million asset-based revolving loan facility ("ABL").
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Edge Capital's Creative Solutions Drive Significant Portfolio Growth
April 18, 2024As traditional banks, particularly those heavily invested in real estate, tighten their lending criteria, non-bank lenders capable of crafting customized solutions are well-positioned to thrive in today's credit environment. Illustrating that advantage, Edge Capital Lending, LLC (“Edge”), a family-office backed national asset-based lending company is proud to announce that it closed out 2023 with remarkable strength and kicked off 2024 on an impressive note.
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SLR Digital Finance Provides $500,000 Credit Facility for AI Ad Tech Company
April 18, 2024SLR Digital Finance (SLRDF) is pleased to announce the funding of a $500,000 accounts receivable credit facility for an AI advertising technology company.
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Monroe Capital Supports Growth of Exiger
April 18, 2024Monroe Capital LLC (“Monroe”) announced it acted as the sole lead arranger and administrative agent in the funding of a senior credit facility to support the growth of Exiger, alongside private equity sponsors Carlyle, Insight Partners, and JMI.
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First Citizens Bank Provides $50 Million to Refinance Los Angeles Medical Office Building
April 18, 2024First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center.
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SLR Healthcare ABL Provides $9 Million Asset-Based Revolving Line of Credit to a Nursing Home Operator
April 18, 2024SLR Healthcare ABL (“SLRHC”) is pleased to announce it has provided financing for a $9MM asset-based revolving credit facility to an Illinois based nursing home operator (“Company”). The Company includes four facilities with over 1,100 beds that specialize in short-term rehab, skilled nursing, and physical therapy.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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Victory Park Capital Announces $100 Million Credit Facility for Sétanta Development Capital
April 17, 2024Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that it has closed a $100 million credit facility with Sétanta Development Capital (“Sétanta”), a Charlotte-based residential real estate financing provider. The transaction will support Sétanta’s acquisition and development financing for residential land developers.
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Finova Capital, LLC Closes on a $30 Million Senior Credit Facility
April 17, 2024Finova Capital, LLC recently closed on a senior credit facility with a major specialty lender. The $30 million facility will be used to originate new equipment leases. Bob Neagle, CEO of Finova, noted that the "addition of the new facility will allow us to finance even more equipment for our existing vendor partners, as well as support the growing number of clients added to our family of customers every month."
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Ardagh Group Announces Entry into New Senior Secured Facility
April 17, 2024Ardagh Group S.A. (together with its subsidiaries, "Ardagh") announces that its unrestricted subsidiary, Ardagh Investments Holdings Sarl ("AIHS"), has executed definitive documentation for a new senior secured credit facility with certain investment funds and other entities managed by affiliates of Apollo Capital Management, L.P. (collectively, the "Apollo Investors"). T
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Gordon Brothers Names Joseph Malfitano Global Head Transaction Counsel
April 17, 2024Malfitano leads the firm’s legal team focused on deal structure, risk and strategy across all transactions globally and partners with the business to deliver rapid, customized and integrated solutions to clients.
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King Trade Capital Announces 1st Quarter Growth Exceeding 30% Year over Year
April 17, 2024King Trade Capital the US oldest and largest independent purchase order and non-bank trade finance solutions provider is pleased to announce 1st quarter revenue growth exceeding 30%.
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LSQ Creates $15MM Invoice Finance Facility for Cell Phone Wholesaler
April 17, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated a $15 million invoice finance facility for a Florida-based distributor of cellular phones and other personal electronic devices.
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Maxim Commercial Capital Reports Strong Loan Volume in Q1 2024
April 17, 2024Maxim Commercial Capital (“Maxim”) announced a strong start to 2024. The hard asset secured lender provided equipment purchase and cash out financings in 31 states during the first quarter of the year. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, heavy equipment, and real estate.
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