- SouthStar Capital Delivers Working Capital Facility to Support International Product Fulfillment
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- Market Sizing & Impact Study 2023
- Prairie Operating Co. Reaffirms $475 Million Credit Facility and Advances Series F Preferred Refinancing Initiatives
- Sallyport Commercial Finance Provides $1MM CPG AR Facility for CPG Company
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Rosenthal Names Andrew O’Day VP Business Development Officer
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending (ABL), purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Andrew O’Day has joined Rosenthal as a VP Business Development Officer for the Midwest region.
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This Is Not a Drill - SFNet's Cross-Border Lending Summit 2022 Returns September 15 and September 22
SFNet's Cross-Border Lending Summit - “This Is Not a Drill” – is returning live online event on September 15 and September 22, 2022, from 10:00 a.m. - 12:00 p.m. ET each day. For the 9th year in a row, SFNet is bringing timely and provocative panels addressing issues that challenge asset-based lenders doing cross-border deals. So much has happened in just the last six months: Boris Johnson stepping down, Russia in Ukraine, potential food supply shortages, climate extremes. Companies now must reevaluate supply chains and vendors based in part of geopolitical risk. Not to mention an inflationary environment the likes of which we have not seen in years. In this time of rapid change, SFNet is gathering together industry experts to explore and illuminate the current landscape and what you should be thinking about in the months and years to come.
TSL Express Daily Headlines & News
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Mercantile Bank Corporation Implements Management Succession Plan
June 3, 2024Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced management succession plan, effective as of June 1, 2024:
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LaVie Care Centers Takes Strategic Actions to Position the Company for Long-Term Success Amidst Challenging Skilled Nursing Operating Environment
June 3, 2024LaVie Care Centers, LLC (the "Company"), an operator of 43 licensed skilled nursing facilities in five states, today announced that it has taken steps to implement a financial restructuring designed to improve its capital structure and position the Company for long-term success.
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New Mountain Capital and Grant Thornton Close Growth Investment
June 3, 2024Grant Thornton LLP, one of America’s leading providers of audit, assurance, tax and advisory services, and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced the closing of a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy. CDPQ and OA Private Capital made minority investments in Grant Thornton alongside New Mountain Capital.
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First Business Financial Services, Inc. Promotes Brad Quade To Executive Vice President & Chief Credit Officer
June 3, 2024First Business Financial Services, Inc., parent company of First Business Bank, is pleased to announce Brad Quade’s recent promotion to Executive Vice President & Chief Credit Officer.
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XCMG America Financial Announces the Expansion of the XCMG QuickFi Financing Program into Canada
June 3, 2024XCMG America Financial announces its expansion of its North American financing platform into Canada, supported by QuickFi®. The new XCMG program enables nearly instant loans and leases for XCMG equipment purchasers in Canada.
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QuickFi® Wins Best Embedded Finance Solution at the 2024 Banking Technology Awards USA
June 3, 2024QuickFi® is honored to win Best Embedded Finance Solution at the 2024 Banking Tech Awards USA. Other finalists included J.P. Morgan Chase, HSBC Bank USA, Wells Fargo, Morgan Stanley, Intuit, Fiserv, and SoFi. QuickFi is honored to be selected as the Best Embedded Finance Solution winner.
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CVC Credit Prices $500m Apidos XLVIII
June 3, 2024CVC Credit, the $43bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLVIII (48), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO"). Barclays served as lead arranger for CVC Credit’s second CLO pricing in North America this year.
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Denim Secures $63 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.
June 3, 2024Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers.
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Celtic Capital Corporation Provides Financing for an Oil and Gas Extraction Services Company
June 3, 2024Celtic Capital Corporation today announced its most recent new client relationship – an oil and gas extraction services company located in the Western Midwest region. The business suffered reduced revenues from the COVID era and to recover, needed additional working capital. Its current bank was unwilling to provide the Company with the needed funds so management turned to Celtic Capital.
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WeWork Secures Final Court Approval for Transformational Restructuring
June 3, 2024-WeWork announced today that its Plan of Reorganization has been confirmed by the United States Bankruptcy Court for the District of New Jersey, a final step in the Company’s operational and financial restructuring. The Company expects to emerge from Chapter 11 in mid-June, following the completion of routine administrative matters.
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H.I.G. WhiteHorse Europe Refinances Astek
June 3, 2024WhiteHorse Europe, a credit affiliate of global investment firm H.I.G. Capital (“H.I.G.”), is pleased to announce that it has co-arranged a new €450 million financing package for Astek (the “Company” or the “Group”).
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Austin Financial Services, Inc. Announces $10 Million ABL Facility for Foodservice Equipment Manufacturer & Distributor of Commercial Kitchen Equipment
June 3, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM ABL facility, comprised of an AR and Inventory revolver to an industry leading foodservice equipment manufacturer & distributor of commercial kitchen equipment. The Company was seeking a lending partner who could provide greater flexibility and more availability than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.
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White Oak Real Estate Capital and Thorofare Team Up on Tribeca Self-Storage Conversion
June 3, 2024White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, and Thorofare Capital today announced a $21.5 million two-year, floating rate senior loan for the acquisition and conversion of 78 Walker Street into a Class A, self-storage facility to-be operated by Public Storage.
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Peloton Announces Successful Completion of $1.35 Billion Holistic Refinancing
May 30, 2024Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) today announced it has successfully completed a holistic refinancing that reduced overall debt, extended debt maturities and achieved more flexible loan terms.
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LSQ Creates $3MM Invoice Finance Facility for NJ-based Aerospace Manufacturing Firm
May 30, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey.
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CIT Northbridge Credit Provides $75 Million to Cisco Equipment Rentals
May 30, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and used equipment sales, parts and service.
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Marc Swirsky Joins EquipNet, Inc. as Managing Director, Industrial
May 30, 2024EquipNet, Inc., a member of the 3S Circular Network (3SCircular.com), welcomes Marc Swirsky as the Managing Director of the organization’s industrial business. Swirsky joins as a tenured and experienced professional, known in the manufacturing industry for his expertise in industrial capital equipment auctions and liquidations.
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Creative Realities Closes on New Revolving Credit Facility
May 30, 2024Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage and media solutions, today announced that it and First Merchants Bank (“FMB”) executed a credit agreement implementing the previously-announced $22.1 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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Natixis Corporate & Investment Banking acts as Coordinating Lead Arranger for the Infrastructure Debt Financing FirstLight Fiber, Sponsored by Antin Infrastructure Partners
May 30, 2024Natixis Corporate & Investment Banking (Natixis CIB) has successfully closed a five-year senior secured infrastructure debt financing package for FirstLight Fiber, the largest independent fiber bandwidth infrastructure provider in Northeast U.S. FirstLight Fiber owns a fiber network extending over 25,000 route miles and covering 125,000 addressable locations.
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Dynata Secures DIP Financing After Successful Prepackaged Chapter 11 First Day Hearing
May 30, 2024Dynata, LLC ("Dynata" or the "Company"), the most trusted source for reliable, accurate first-party data — announced today that the Company has successfully concluded its first day prepackaged chapter 11 hearing and received $31.5M in new financing, with access to another $50 million in new financing set for early July 2024 following emergence from its short chapter 11.
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