- Jefferies to Acquire 50% Interest in Hildene Holding Company, Expanding Strategic Relationship that Began in 2022
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
- Sallyport Commercial Finance Provides a $1 Million Factoring Facility for a Growing Canadian Manufacturer
- Market Sizing & Impact Study
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Gordon Brothers Names Samantha Schackman Director, Business Development
Gordon Brothers, the global advisory and investment firm, has named Samantha Schackman Director, Business Development.
Schackman works with asset-based lending, investment banking and private equity professionals in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont to identify valuation, disposition and lending opportunities for Gordon Brothers and will expand the firm’s presence in the Northeast.
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Members of SFNet’s Factoring Committee Discuss Sources of Business, Supply Chain Issues and More
TSL’s editor-in-chief sat down with several members of the SFNet Factoring Committee to review the current landscape in early 2022. Participants include Carol Apicella, senior vice president, BankFinancial Government Finance; Tina Capobianco, senior vice president, J D Factors Corporation; Dan Karas, executive vice president, Allied Affiliated Funding; Kevin Laborde, president, Cash Flow Resources; and Paul Schuldiner, executive vice president & chief lending officer, Rosenthal & Rosenthal, Inc.
TSL Express Daily Headlines & News
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Gridiron Capital Portfolio Company Leaf Home™ Appoints Scarlett O’Sullivan as Chief Financial Officer
January 29, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, Leaf Home™, a leading technology-enabled and direct-to-consumer provider of home improvement products and solutions, has named Scarlett O’Sullivan as the Company’s Chief Financial Officer. I
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PPL Group LLC to Conduct a Large, 3-day Auction Sale of Superior Die Set Corp
January 29, 2024PPL Group LLC is conducting a large, 3-day auction sale of Superior Die Set Corp in Oak Creek, WI. Features late model grinding, vertical and horizontal machining, turning, fabrication, and heat treat equipment. Sale starts January 31.
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Triscoli Joins Entrepreneur Growth Capital
January 29, 2024Entrepreneur Growth Capital (“EGC”) is pleased to announce that Joe Triscoli has joined as Senior Vice President. Based in South Florida, Joe will be responsible for both business development and portfolio management.
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flyExclusive Announces $25 Million Strategic Investment from ETG FE, LLC
January 29, 2024flyExclusive (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global.
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OHA is the Lead Left Arranger of Greenway Health’s Private Unitranche Financing
January 29, 2024Oak Hill Advisors (“OHA”) served as the Lead Left Arranger of a private unitranche financing for Greenway Health, a provider of electronic health record and practice management solutions to the U.S. ambulatory market. OHA committed to half of the $375 million term loan used to refinance the company’s maturing syndicated first lien debt.
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AGS Announces Plans to Explore Refinancing of Its Term Loan Credit Facility and Voluntarily Repay Up to $15 Million of Its Total Debt Outstanding
January 29, 2024PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company") today announced plans to explore a refinancing of its term loan credit facility, which may include decreasing the interest rate required to be paid under such facility.
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Union Square Advisors Remains Optimistic That Tech Deal Activity Will Ramp Up in 2024
January 29, 2024Optimistic that deal making will increase this year, Union Square Advisors, a technology-focused investment bank, today released their 2024 Outlook Report, "The Logjam Begins to Break."
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Kirkland’s Secures Additional Debt Financing
January 29, 2024Kirkland’s has secured additional debt financing to support its strategic repositioning efforts. The specialty retailer of home décor and furnishings said it has entered into a supplemental credit facility on Jan. 25, 2024, which will increase its available credit by up to $12 million. Kirkland's Home secured the financing through a new first-in last-out, asset-based, delayed-draw term loan facility.
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Loeb Funds $13.8mm in Term Loans in Q4 2023 to Help Three Companies with Working Capital
January 29, 2024Loeb continues to help their clients in this challenging economic environment where traditional lenders refuse to lend. In Q4 of 2023, Loeb funded $13.8 Million in machinery and equipment term loans in diverse industries. Simply by extracting working capital from their existing M&E, these three companies will continue to move forward without a hitch.
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Atwell Enters Into $200 Million Senior Credit Facility with Lending Group led by Bank of America
January 29, 2024Atwell, a leading consulting, engineering, and construction services firm, has announced that it has secured a $200 million senior credit facility with a lending group led by Bank of America. Also included in the lending group are U.S. Bank, TD Bank, and Old National Bank.
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TCW Launches New Asset-Backed Finance Business
January 29, 2024The TCW Group, a leading global investment firm with over $200 billion of assets under management, announced today the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.
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LBC Credit Partners Promotes Homyar Choksi to Deputy Chief Investment Officer
January 29, 2024LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies and a division of CIFC Asset Management LLC (“CIFC”), today announced the promotion of Homyar Choksi to Deputy Chief Investment Officer. Based in LBC’s Radnor, Pennsylvania headquarters, Mr. Choksi will continue to serve on the firm’s Investment Committee and lead the originations team while assuming additional investment responsibilities.
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JPMorgan Chase Announces Expanded Roles for Top Executives
January 29, 2024JPMorgan Chase (NYSE—JPM) today announced new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.
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Hilco Corporate Finance Expands Its Investment Banking Practice with the Addition of Mark Birkett as Senior Managing Director for Capital Advisory
January 29, 2024Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, has named Mark Birkett Senior Managing Director for Capital Advisory. He will be based in HCF's Chicago office.
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SBA Communications Completes $4.05 Billion Senior Secured Financing
January 29, 2024SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").
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B. Riley Serves as Exclusive Financial Advisor to Fromm International in Acquisition by Firelight Capital Partners
January 29, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive financial advisor to Fromm International (“Fromm” or the “Company”), a leading marketer of high-end beauty products, in connection with Firelight Capital Partners’ successful acquisition of the Company.
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Runway Growth Capital Announces Results From Third Venture Debt Review Survey
January 25, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the findings from its third Venture Debt Review.
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Huntington Business Credit Closes $10 Million Credit Facility with American Nitrile Operations, LLC
January 25, 2024Huntington Business Credit announced it closed a $10,000,000 new credit facility with American Nitrile Operations, LLC on December 12, 2023. Proceeds of the facility will be used to fund working capital and continued investment in glove production capacity.
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MidFirst Business Credit Announces New Lending Relationship with Custom Equipment, LLC
January 25, 2024MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Custom Equipment, LLC (“Custom”). Headquartered in West Bend, WI, Custom designs and manufacturers highly versatile scissor lifts that due to their unique agility, size and weight can accommodate various end-user environments.
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First Citizens Bank Provides $36.2 Million in Financing for Acquisition of Medical Office Buildings in North Carolina and Washington
January 25, 2024First Citizens Bank today announced that its Healthcare Finance business provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings located in Charlotte, North Carolina and Seattle, Washington. Anchor Health Properties acquired these assets directly for its own balance sheet.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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