- News Detail
- GoldenTree Asset Management Announces Closing of $753 Million CLO Under GLM Strategy
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- Gibraltar Business Capital Delivers $15MM Senior Secured Facility to Bolster Sampa USA’s Expansion
- Essex Capital Group Advises ProTelesis on $4.58 Million Debt Financing to Support Shareholder Buyout and Strategic Acquisition of AmerX Security
TSL Express Daily Articles & News
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US Bank Lending Slumps by Most on Record in Final Weeks of March
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.
Commercial bank lending dropped nearly $105 billion in the two weeks ended March 29, the most in Federal Reserve data back to 1973. The more than $45 billion decrease in the latest week was primarily due to a a drop in loans by small banks.
Commercial bank lending dropped nearly $105 billion in the two weeks ended March 29, the most in Federal Reserve data back to 1973. The more than $45 billion decrease in the latest week was primarily due to a a drop in loans by small banks.
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In this installment of our series of executive interviews, Charlie Perer sits with Tim Knight (pictured) to hear his perspective on executive development, advice for lenders, the growth in the non-bank market, what every executive should be thinking about, the importance of diversity and lessons learned, among other things.
Knight is the vice president and senior managing partner with ThinkingAhead where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
TSL Express Daily Headlines & News
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Sallyport Commercial Finance, LLC Welcomes Chris Huntington
January 25, 2024Sallyport Commercial Finance, LLC announced Chris Huntington has joined as vice president business development on the East Coast. Huntington moved to Boston last year with his family, having worked in commercial finance the UK for the last 20 years.
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MUFG Serves as Coordinating Lead Arranger, Joint Bookrunner, Administrative Agent on EdgeCore Digital Infrastructure $1.9 Billion Debt Financing
January 25, 2024Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a $1.9 billion debt financing for EdgeCore Digital Infrastructure, conducted in conjunction with its owner, Partners Group, a leading global private markets firm acting on behalf of its clients, to fund scalable development of their data center campus in Mesa, Arizona.
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Local Bounti Amends Cargill Credit Facility and Receives Funds for Working Capital
January 25, 2024Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has secured additional cash to fund working capital as part of its amended credit facility with Cargill Financial Services International, Inc. ("Cargill").
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Otterbourg Promotes Michael Rich to Member in the Banking and Finance Department
January 25, 2024Otterbourg P.C. announced today that Michael Rich has been promoted to Member of the Firm, effective January 1, 2024. Mr. Rich began his career at Otterbourg and has been an associate in the firm’s Banking and Finance Department for the past eight years – making him a home-grown star.
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Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Secured Notes
January 25, 2024Caesars Entertainment, Inc. (NASDAQ: CZR) (the “Company”) today announced the pricing of its previously announced offering of $1.5 billion aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”) at an interest rate of 6.500% per annum and an issue price equal to 100% of the principal amount of the Notes.
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Targeted Lending Co., LLC Secures $50 Million Senior Credit Facility With Wells Fargo Capital Finance
January 25, 2024Targeted Lending Co., LLC, a prominent leader in the equipment finance industry, is excited to announce the successful closure of a $50 million credit facility with Wells Fargo Capital Finance.
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SLR Digital Finance Provides $4 Million Line of Credit to leading In-Game Digital Advertiser, Super League Enterprise
January 24, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $4 million credit facility for Super League Enterprise (Nasdaq: SLE), a leading strategically integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms.
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Blank Rome Announces 2024 Leadership Appointments
January 24, 2024Blank Rome LLP is pleased to announce five new leadership appointments, effective January 1, 2024.
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Culain Capital Funding Closes $3,000,000 for Mechanical Services Company
January 24, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a mechanical services company based in NY, which recently received a $3MM accounts receivable factoring facility through Culain.
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Kugman Partners Adds to Team of Professionals
January 24, 2024Kugman Partners announced that Tyler Burandt has joined. Burandt is a financial analyst with proven success in the development of complex financial modeling, compilation of extensive underwriting packages, and portfolio management.
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Sallyport Commercial Finance Provides $2M For a Manufacturing Business Restructure
January 24, 2024Sallyport Commercial Finance announced its second deal for 2024, equipping an existing client with $2,000,000 in accounts receivable finance, which provides the ongoing working capital required to trade successfully.
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Sight Sciences Announces the Closing of up to $65 Million Senior Secured Credit Facility with Hercules Capital
January 24, 2024Sight Sciences, Inc. (Nasdaq: SGHT) (“Sight Sciences”), an eyecare technology company focused on developing and commercializing innovative technology intended to transform care and improve patients’ lives, today announced the closing of an up to $65 million senior secured credit facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”), a leader in customized debt financing.
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SC&H Capital Welcomes Mike Fixler as Managing Director
January 24, 2024SC&H Capital, a leading investment bank specializing in M&A and other advisory services for middle-market companies, announced Mike Fixler has joined as Managing Director. Fixler brings more than 25 years of experience strategically advising middle-market companies and their stakeholders to the firm’s Special Situations team. His expertise is focused on distressed mergers and acquisitions, capital raising, and various restructuring processes, including in bankruptcy cases.
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Stellus Capital Management, Llc Provides Unitranche Financing and Equity Co-Invest in Support Of Interlock Equity’s Investment in Evolv Consulting
January 24, 2024Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Interlock Equity’s (“Interlock”) investment in evolv Consulting (“evolv” or the “Company”), a leading data-driven digital consulting firm.
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Capital Markets Partner Megan Penick Joins Dorsey in New York City
January 24, 2024Megan Penick has joined Dorsey & Whitney LLP as a Partner in the Capital Markets group in New York City, the international law firm announced today.
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dentalcorp Announces Extension of Maturity of Credit Facility
January 24, 2024dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s leading network of dental practices, today announced an extension to its existing syndicated senior secured credit facility with a consortium of banks, led by CIBC Capital Markets and TD Securities.
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Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management
January 24, 2024Sunbit, the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.
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SG Credit Partners Announces a Senior Debt Investment in AudioEye
January 23, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with AudioEye. AudioEye is a market leader in the website accessibility space that combines the latest AI automation technology with guidance from certified experts and direct input from the disability community to help businesses of all sizes - including over 106,000 customers like Samsung, Calvin Klein, and Samsonite - achieve accessibility.
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Aequum Capital Provides $7.1MM in Credit Facilities to a Leading Heavy-Duty Commercial Vehicle Towing Company
January 23, 2024Aequum Capital is pleased to announce it recently closed $7,100,000 in credit facilities to support Kepler Capital's acquisition of a dominant regional heavy-duty commercial vehicle towing company. The credit facilities include a working capital revolver, cash flow based term loan, and delayed draw term loan to support future growth.
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Houlihan Lokey Adds to Capital Markets Team With Veteran Hire
January 23, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Hommeyer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Hommeyer will spearhead a new syndicate function that focuses on expanding the firm’s investor coverage, distribution capabilities, and market insights as they pertain to U.S. private credit placements.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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