- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- Milestone Bank Announces First Closings Under ABL Division
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- The Hedaya Capital Group Powers Client Growth With $33 Million in 2026 Factoring and Inventory Financing Facilities
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
TSL Express Daily Articles & News
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Today's Top Story
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eCapital Upsizes Bank Line to $1.4 Billion to Fuel Growth
eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders and, with Regions Bank, acted as joint lead arrangers and joint book runners for the facility.
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Disbanding the Change-Prevention Committee
The way an organization handles change is critical to its success, particularly during periods of uncertainty. In the year 500 B.C., the Greek philosopher Heraclitus observed that life was in flux, with everything constantly on the verge of becoming something else. He noted that resisting this natural flow was a hindrance to progress and growth in all aspects of life.
Resistance, however, has proven to be a very normal human response to change over the centuries and in organizations today, often manifests itself in the form of the formidable Change-Prevention Committee.
TSL Express Daily Headlines & News
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Gordon Brothers Launches Real Estate Services Practice in EMEA
August 8, 2024Ben Lovell, Senior Director, Real Estate, EMEA has joined Gordon Brothers to lead the growth of the Real Estate Services practice in the region. Lovell is joined by Daniel Smith, Director, Real Estate, EMEA and Richard Maden, Director, Real Estate, EMEA.
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Midwestern Technology Company Strengthens Their Business with a $3,500,000 Facility from Prestige Capital
August 7, 2024A venture capital-backed Midwestern technology company specializing in worker verification services secured a $3.5 million financing facility from Prestige Capital to fulfill a new government contract and drive growth beyond its existing funding source.
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CapitalPlus Financial Services Facilitates $350,000 in Factoring for a Georgia-based Roofing Contractor
August 7, 2024CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
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Benoit Geurts Joins Gordon Brothers as Managing Director, Intellectual Property, EMEA
August 7, 2024Benoit Geurts has joined Gordon Brothers, the global asset experts, as Managing Director, Intellectual Property, EMEA. In this role, Geurts partners with the firm’s corporate recovery and global valuations teams to provide valuation, advisory and monetisation services for intellectual property (IP) assets to support businesses and their advisors in restructuring and recovery situations across Europe, the Middle East and Africa.
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eCapital Welcomes Matthew Tobin as SVP, Business Development Officer, to Drive West Coast Growth
August 7, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has appointed Matthew Tobin as SVP, Business Development Officer within its ABL Group.
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Hilco Real Estate Announces Major Expansion in Receivership Services
August 7, 2024Hilco Real Estate (HRE) is announcing the significant expansion of its Real Estate receivership practice. The arrival of Matthew Mason as Senior Vice President marks a pivotal moment in this expansion, promising exciting growth and enhanced capabilities for HRE.
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US Capital Global Expands New York Office with New Vice President, Michael Cacciaguida
August 7, 2024US Capital Global, a premier global private financial group serving the middle market, is pleased to announce the appointment of Michael Cacciaguida as Vice President at its New York City office. Mr. Cacciaguida brings over 30 years of expertise in sponsor and institutional financing solutions.
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CIBC Innovation Banking Provides Growth Capital to Andgo
August 7, 2024CIBC Innovation Banking announced today that it has provided growth financing to Andgo Systems Inc., a market leader in workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries. The company will use the financing to further fuel its accelerated expansion across North America.
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B. Riley Securities Serves as Lead Bookrunner to Atlanticus Holdings Corporation in $60 Million Senior Notes Offering
August 7, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as lead bookrunner to Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus” or the “Company”) in the closing of its $60 Million principal amount of 9.25% Senior Notes due 2029 in previously announced follow-on offering.
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SLR Digital Finance Provides $10 Million Credit Facility to Inuvo, Inc. to Support Growth and Operations
August 7, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is proud to announce the provision of a $10 million asset-based credit facility to Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology powered by its proprietary IntentKey® artificial intelligence (AI). This facility will support Inuvo's continued growth and operational needs.
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Arcosa, Inc. Announces Launch of $700 Million Term Loan B
August 6, 2024Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our,”) today announced that it is launching a proposed senior secured Term Loan B Facility due 2031 in an aggregate principal amount of up to $700.0 million (the “Term Loan”).
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Big Shoulders Capital Refinances $2.1MM in Equipment for Crane Rental Company, Allingham Corporation
August 6, 2024By providing a flexible structure for refinancing their fleet, BSC will enable Allingham to invest in its current fleet and pursue new growth opportunities.
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CohnReznick Announces Tipalti Alliance
August 6, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that its Digital Advisory practice has formed an alliance with Tipalti, a global finance automation company helping organizations drive efficiency through the automation and scalability of payables operations.
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BHMS Investments, LP Closes Fund III With $300 Million of Committed Capital
August 6, 2024BHMS Investments, LP ("BHMS"), a private investment firm focused on the North American middle market, is pleased to announce the closing of BHMS Investments Fund III, LP ("Fund III") at its hard cap of $300 million on July 1.
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Private Funds Partner Kerry Potter McCormick Joins Perkins Coie in New York
August 6, 2024Perkins Coie is pleased to announce that private funds partner Kerry Potter McCormick has joined the firm’s Corporate and Financial Regulation practices in New York. Kerry is the latest private funds partner to join the firm in New York following the addition of Private Capital & Fund Formation Practice Chair Jacquie Duval in June.
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Buca di Beppo Voluntarily Initiates Chapter 11 Proceedings to Facilitate Sale and Ensure Continued Operations
August 6, 2024Buca di Beppo, the renowned family-style Italian dining brand, today announced that it has voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas. The goal of the restructuring effort is to ensure a seamless transition and to position the brand for future success.
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Houlihan Lokey Continues Expansion of Global FinTech Platform With Key Hire
August 6, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andrew Atherton has joined the firm’s FinTech Group as a Managing Director. Mr. Atherton is based in San Francisco and will cover multiple FinTech sectors as well as FinTech-adjacent enterprise software companies, working closely with his colleagues in both the FinTech and Technology groups to ensure seamless coverage across the firm’s client base.
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P10 Expands Credit Agreement to $500 Million
August 6, 2024P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced an amended and restated credit agreement that expands the existing total credit capacity to $500 million from new and existing lenders.
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Commercial Chapter 11 Filings Increase 40 Percent over the Same Period Last Year
August 6, 2024Commercial chapter 11 filings increased 40 percent in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17 percent in July 2024 to 2,335 from 2,004 in July 2023.
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Great Rock Capital Provides a $50 Million DIP Facility to Basic Fun!
August 5, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided $50 million in debtor-in-possession (“DIP”) financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels.
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