- Mayer Brown Expands Premier Finance Platform With Addition of Leveraged Finance and Private Credit Partner Kerrick Seay in New York
- BRG Strengthens Financial Institution Advisory Practice with Addition of Two Senior Leaders
- News Detail
- J D Factors Provides $5,575,000 in new Factoring Facilities in August
- Kunal Bhatt Joins CohnReznick as Transaction Advisory Partner
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Bobbi Acord Noland Named as Top 10 Influential Banking & Finance Lawyer in Georgia for 2023 by Business Today
Atlanta, GA – August 25, 2023 – Parker, Hudson, Rainer & Dobbs LLP Commercial Finance Practice Group Leader and Partner Bobbi Acord Noland has been recognized among the “Top 10 Influential Banking & Finance Lawyers in Georgia for 2023” by Business Today. Bobbi also serves as SFNet co-general counsel.
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SFNet Report on Confidence in Asset-Based Lending Market: Survey Shows Industry is Well Positioned to Weather a Recession
The third quarter saw continued confidence in the asset-based lending market, according to data released by the Secured Finance Network, and that was welcome news as the country wrestles with inflation, rising interest rates and a slowed economy.
SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.
“Despite the challenges, the asset-based lending industry remains on solid footing,” said SFNet CEO Richard D. Gumbrecht. “Portfolio performance is strong by historical standards, commitments are up, and lenders anticipate strong demand. Overall, the industry is decently-positioned to weather worsening business conditions and a potential recession.”
TSL Express Daily Headlines & News
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TAB Bank Backs Dirty Dough’s Sweet Success with $2 Million Working Capital Facility
September 16, 2024TAB Bank has announced the closing of a $2 million working capital facility for Dirty Dough, a rapidly expanding gourmet cookie company based in Lindon, Utah. The financing will provide Dirty Dough with the ingredients to support its continued growth and nationwide expansion.
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Horizon Technology Finance Provides $35 Million Venture Loan Facility to GT Medical Technologies
September 16, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $35 million venture loan facility to GT Medical Technologies, Inc. (“GT MedTech”), of which $15 million has been initially funded.
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Sound Point Capital Closes Third Direct Lending Fund
September 16, 2024Sound Point Capital Management, LP (“Sound Point”), a leading global alternative credit manager with more than $45 billion in assets under management, today announced the final closing of Sound Point U.S. Direct Lending Fund III (“USDL III” or the “Fund”), its largest direct lending fund to date, with $1.2 billion of total investable capital.
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Switch Secures $5 Billion in New Debt Financing
September 16, 2024Deal includes $4.25 billion sustainability-linked borrowing base facility, along with an expanded corporate revolving credit facility upsized to $770 million, strategically positioning Switch for growth at the forefront of enterprise, hyperscale cloud and AI opportunities.
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Grant Thornton Survey: M&A Professionals Predict a Rise in Deal Volume
September 16, 2024A new survey from Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax, and advisory services, shows that professionals in the mergers and acquisitions (M&A) space are predicting an increase in deal volume, even with the uncertainty of the looming U.S. presidential election.
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Ascension Advisory Facilitates Build-to-Suit for Oxbo International’s 195,000 Square Foot Facility in Bergen, New York
September 16, 2024Geis Development, one of the leading national Build-to-Suit developers is preparing to break ground on a new 195,000 square foot fabrication and assembly facility on behalf of Oxbo International in Bergen, New York. Oxbo is headquartered in Roosendaal, Netherlands, and operates manufacturing facilities throughout North America and Europe.
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SSG Advises Eiger BioPharmaceuticals Inc. in the Sale of Lonafarnib and Lambda Program Assets to Eiger InnoTherapeutics, Inc.
September 16, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Eiger BioPharmaceuticals, Inc. (“Eiger” or the “Company”) in the sale of Lonafarnib and Lambda, and associated clinical assets to Eiger InnoTherapeutics, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division).
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Helicap Closes Largest Credit Facility Yet with Xendit's XenCapital: USD$50 Million to Empower Southeast Asian Businesses
September 12, 2024Helicap, a leading fintech platform provider specialising in emerging markets, is proud to announce the successful facilitation of a credit facility with XenCapital, the lending arm of Xendit, a fintech unicorn with operations across Southeast Asia and which has raised US$515million in venture capital funding.
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Valley Bank’s New Jersey Commercial Banking Team Closes a $150 Million Syndicated Credit Facility to Green Thumb Industries Inc.
September 12, 2024Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ: VLY), announces the closing of a $150 million five-year Senior Secured Term Loan Facility to Green Thumb Industries Inc. (“Green Thumb or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries.
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Capital Southwest Increases Corporate Credit Facility to $485 million
September 12, 2024Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an increase to the total commitments under its senior secured credit facility (the “Corporate Credit Facility”).
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Clifford Chance Adds Capital Markets Partner Om Pandya in Houston
September 12, 2024Pandya has deep knowledge of the energy and infrastructure sector and has also been involved in many significant M&A transactions. His appointment further strengthens the firm's global Capital Markets offering in the US and builds on breadth and depth of the team in Houston.
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First National Bank Announces Allison Daniels as Chief Information Officer and Michelle Gaydica as Chief Operating Officer
September 12, 2024First National Bank, a subsidiary of Pinnacle Bankshares Corporation (OTCQX: PPBN), is proud to announce that Allison G. Daniels has transitioned into the role of Senior Vice President and Chief Information Officer and that Michelle M. Gaydica has joined the Bank as Senior Vice President and Chief Operating Officer.
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Cascadia Capital Adds Don More as Managing Director to Lead Technology Group’s Cybersecurity & Risk Practice
September 12, 2024Cascadia Capital, a leading independent investment bank, is pleased to announce that Don More has joined the firm as a Managing Director in its Technology & Software investment banking group. Based in New York, Mr. More brings extensive expertise as one of the world’s leading investment bankers specializing in cybersecurity & risk.
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Douglas Dynamics Completes $64.2 Million Sale-Leaseback Transaction with TPG Angelo Gordon
September 12, 2024Douglas Dynamics, Inc. (NYSE: PLOW), or the “Company”, North America’s premier manufacturer and upfitter of commercial work truck attachments and equipment, today announced the successful completion of a sale-leaseback transaction with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG Inc. (NASDAQ: TPG).
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Pathlight Capital Welcomes Doug Nicholson as Managing Director
September 12, 2024Pathlight Capital LP ("Pathlight") is excited to announce the appointment of Doug Nicholson as Managing Director. In this role, Nicholson will collaborate with the originations team to source new transactions.
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Mitsubishi HC Capital America Announces New Leadership Position for Ann Brodette, head of Industrial Equipment Finance Division
September 12, 2024Mitsubishi HC Capital America, the leading non-bank, non-captive finance provider in North America, is proud to announce that Ann Brodette has been promoted to Senior Vice President & General Manager, Industrial Equipment Finance.
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A&G Announces Plan to Sell 296 Big Lots, Inc. Store Leases in Connection with Retailer’s Restructuring and Sale Process
September 12, 2024A&G Real Estate Partners today announced plans to market 296 Big Lots, Inc. (the "Company") store leases for sale across the United States.
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Meat-Industry Equipment Goes to Auction on Sept. 26
September 12, 2024In a major opportunity for the meat industry, equipment from Strauss Brands’ Franklin plant is available in a Sept. 26 online auction by Tiger Group and Barliant Auctions.
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Big Lots Receives Court Approval of "First Day" Motions to Support Business Operations
September 12, 2024Big Lots, Inc. (NYSE: BIG) (the "Company") today announced that it received interim Court approval for certain "first day" motions related to the Company's voluntary Chapter 11 proceedings.
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Associated Banc-Corp Appoints Trevor D'Souza as Senior Vice President of Commercial Banking
September 12, 2024Associated Banc-Corp has hired Trevor D'Souza as senior vice president of commercial banking. In his new role, D'Souza will focus on attracting and deepening customer relationships for products including loans, deposits, treasury management and other services.
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