- Gridiron Announces Investment Professional Steve Lamb as Managing Director
- Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
- Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
- Essex Capital Group Advises ProTelesis on $4.58 Million Debt Financing to Support Shareholder Buyout and Strategic Acquisition of AmerX Security
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
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RelPro Promotes Rajmangal to President, Adds to C-Level Team
RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, today announced that Raaj Rajmangal has been appointed as President of RelPro. Rajmangal, who previously served as the company’s Chief Technology Officer, will now be responsible for RelPro’s strategic development and execution. RelPro CEO and Founder Martin Wise will continue as CEO to drive the corporate vision, working closely with RelPro’s clients and partners.
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At SFNet’s Asset-Based Capital Conference in Las Vegas this month, geopolitical analyst David Chmiel addressed how a Russian invasion of Ukraine could set off far-reaching geopolitical impacts and further accelerate China’s aggressive geopolitical plans.
In a virtual fireside chat recorded Jan. 30 with questions posed by Business Editor Stuart Rock, founder of Devonia Road, Chmiel said China is certainly watching closely to see how unified the response to Russia’s escalation has been from Ukraine’s allies in Europe and North America.
TSL Express Daily Headlines & News
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Lenders Not Ready to Signal “All-Clear” When It Comes to the Economy, According to New FTI Consulting Survey
January 22, 2024FTI Consulting, Inc. (NYSE: FCN) today announced the findings of its 2024 Leveraged Loan Market Survey, which offers insight into bank and non-bank lenders’ perspectives on the U.S. loan industry and highlights expectations for leveraged credit market conditions in the year ahead.
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Maxim Commercial Capital Reports Strong 2023 Results, Michael Kianmahd Promoted to Chief Executive Officer
January 22, 2024Maxim Commercial Capital (“Maxim”) announced strong results for the year 2023. The hard asset secured lender reported an 86% increase in funded deals during the year as compared to 2022. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, heavy equipment, and real estate.
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Magnite Announces Intention to Refinance Existing Credit Facilities
January 22, 2024Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced its intention to refinance its outstanding senior secured credit facilities.
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Principal® Direct Lending Business Reaches $2 Billion in Borrower Commitments
January 22, 2024Its direct lending investment team, known as Principal Alternative Credit, has now closed on over 115 transactions as of December 31, 2023, and has exceeded $2 billion in total borrower commitments since its inception in July 2020. This milestone represents an important step in the company’s long-term strategic plan of providing flexible financing solutions across the middle market direct lending industry.
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Dave & Buster’s Entertainment, Inc. Announces Opportunistic Term and Revolving Loan Repricing
January 22, 2024Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, BMO Capital Markets Corp., Truist Securities Inc., Capital One, N.A. and Fifth Third Bank, National Association acted as joint lead arrangers and joint bookrunners for the transaction.
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Loeb Announces Holly Pratti Joins as Vice President of Business Development
January 22, 2024Holly Pratti has joined the team at Loeb as Vice President of Business Development and brings along almost a decade of experience in delivering specialized alternative lending solutions.
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KKR Provides Global Accounts Receivable Financing to Weber
January 22, 2024The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024. KKR Capital Markets acted as lead arranger and sole bookrunner.
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Farmers Edge Announces Increase to Secured Credit Facility
January 22, 2024Farmers Edge Inc. (“Farmers Edge” or the “Company”) (TSX: FDGE), a pure-play digital agriculture company, today announced that it has entered into an amendment to its secured credit facility (the “Facility”) with Fairfax Financial Holdings Limited and/or certain of its affiliates.
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Zions Bancorporation Completes Asset-Based Lending Deal With a Nationwide Co-Pack Manufacturing Company
January 22, 2024Zions Bancorporation, N.A., through its Colorado division, Vectra Bank, closed and funded two loan facilities totaling $7,068,600 for a vertically integrated co-pack manufacturer of fire-roasted green chilis, jarred salsa and other southwestern foods. The two separate credit facilities consisted of a $4,000,000 multi-year revolving line of credit and a $3,068,600 term loan.
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Citi and LuminArx Capital Announce the Launch of Strategic Private Lending Vehicle, Cinergy
January 22, 2024Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including Citi’s global client base. It will invest across multiple asset classes, including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure.
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Skylight Lending Secures Large Credit Facility with M&T Bank to Fuel Expansion
January 22, 2024SKYLIGHT LENDING, a leading provider of financing solutions in the residential solar space, proudly announces the successful closure of a multi-million-dollar credit facility with M&T Bank. This strategic relationship marks a significant milestone for Skylight as it positions the company for rapid expansion into five new states, solidifying its commitment to making solar energy affordable for homeowners nationwide.
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Zions Bancorporation Completes Asset-Based Lending Deal With a Nationwide, Non-Depository Financial Institution
January 22, 2024Zions Bancorporation, N.A., through its Texas division, Amegy Bank closed {and funded} a $70,000,000 credit facility for an Owner-Occupied Real Estate Lender. The credit facility consisted of a multi-year revolving line of credit.
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Gibraltar Equipment Finance Extends $1.75MM to Sponsor-Backed Electric Services Company
January 22, 2024Gibraltar Equipment Finance (GEF) is pleased to announce the closing of a $1.75MM equipment lease to support an electric utility infrastructure services company (Company). The new capital equipment facility supports the Company’s recent geographical footprint expansion.
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Brightwood Capital Advisors Supports Rockbridge Growth Equity’s Acquisition of TouchFuse, LLC
January 22, 2024Brightwood Capital Advisors, LLC, a private credit firm, announced that it has provided financing to support Rockbridge Growth Equity’s (“Rockbridge”) acquisition of TouchFuse, LLC (“TouchFuse”). As part of the transaction, Rockbridge combined TouchFuse with its existing portfolio company, White Glove. Financial terms of the transaction were not disclosed.
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MUFG Economic Research Office Releases 2024 Outlook Report; Considers Five Key Questions for the Year Ahead
January 22, 2024Mitsubishi UFJ Financial Group (NYSE: MUFG) Economic Research Office issued its 2024 outlook report titled "Five Key Questions for 2024," in which contributors Henry Cook, Senior Economist, London; Agron Nicaj, U.S. Economist, New York; and Sai Yabuki, Japan Economist, Tokyo, explore major global macro themes for the next 12 months.
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Peabody Announces New $320 Million Revolving Credit Facility
January 19, 2024Peabody (NYSE: BTU) today announced the closing of a new $320 million senior secured revolving credit facility maturing in January 2028, subject to certain conditions relating to the company's outstanding Convertible Senior Notes due March 1, 2028.
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Associated Bank Welcomes Steven Zandpour as Executive Vice President, Director of Retail Banking
January 18, 2024Associated Bank today announced the appointment of Steven Zandpour as the company's executive vice president, director of retail banking. In his new role, Zandpour will focus on consumer and small business growth across the company's major metropolitan markets. He will also lead Associated Bank's branch network, contact centers and other sales and service channels.
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Golub Capital Bolsters U.S. and Global Institutional Sales Team with Key Hires
January 18, 2024Golub Capital today announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March. Andrea has over 30 years of industry experience and is joining the Firm after more than a decade in institutional sales leadership roles at BlackRock, most recently as head of its U.S. Pensions business.
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First Business Bank Funds $5 Million Ledgered Line Facility To Transportation Company
January 18, 2024First Business Bank announces that its Accounts Receivable Financing team recently funded a $5 million ledgered line Factoring facility to a client operating as a carrier in the transportation sector. The facility includes an additional $5 million accordion piece for future growth.
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Alleon Healthcare Capital Provides a $5,000,000 Debtor in Possession Financing ABL to a Texas based Specialty Pharmacy
January 18, 2024Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 debtor in possession asset-based loan to a specialty pharmacy in Texas (“Company”).
The Secured Lender
SFNet's The 81st Annual Convention Issue
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