- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- TD Bank Streamlines Regional Structure to Accelerate Growth and Strengthen Market Alignment
- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
- SFNet Market Pulse
- Gridiron Announces Investment Professional Steve Lamb as Managing Director
TSL Express Daily Articles & News
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Today's Top Story
Featured
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.
TSL Express Trending Story
Featured
How Does a Business Deal with Labor Issues in 2022?
As companies and lenders evaluate performance risk and expectations for 2022, the trends previously considered to be emerging need to be considered a permanent part of the 2022 business environment. At this point, it is unrealistic to expect ready access to employees with necessary skills and to expect salary levels to reduce to earlier levels. Businesses will need to develop tools to plan for and manage through labor shortages in staffing and skills, and increased labor costs. In this article we will first review the labor indicators, and then discuss approaches business management can take to survive and thrive in this environment.
TSL Express Daily Headlines & News
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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”).
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National Lending Survey Results Reveal Concern for Q3 and Q4 2024
January 18, 2024Phoenix Management, a part of J.S. Held’s “Lending Climate in America” survey results reveal concern for the second half of 2024, despite expected interest rate declines and customer’s expansion plans.
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Cohn & Dussi Attorneys Named to Boston Magazine's Top Lawyers List
January 18, 2024The following Cohn & Dussi attorneys were chosen as Top Lawyers for 2023: Managing Partner Lewis J. Cohn in the field of bankruptcy and workouts Partner Richard E. Alpert in the field of personal injury law Partner Russell A. Rosenthal in the field of personal injury law Associate Andrew B. Glaab in the field of bankruptcy and workouts
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Audax Private Debt Provides Financing to Support Sentinel Capital Partners’ Acquisition of Market Performance Group
January 18, 2024Audax Private Debt announced that, as Lead Investor, it provided Mezzanine Notes to support Sentinel Capital Partners’ (“Sentinel”) investment in Market Performance Group (“MPG” or the “Company”), a provider of sales strategy, account management, data and analytics, and other outsourced marketing services to health, beauty, personal care, and food brands across e-commerce and brick-and-mortar retail channels.
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Amerisource Closes $10,000,000 Acquisition Facility for Existing Client
January 18, 2024Amerisource Business Capital announced the closing and funding of a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy industry.
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Equipment Finance Industry Confidence Improves in January
January 18, 2024The Equipment Leasing & Finance Foundation (the Foundation) releases the January 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
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SFNet Member Spotlight: Edge Capital
January 17, 2024Edge Capital is a family office-backed specialty finance company focused on providing working capital solutions to businesses looking for flexibility and to those that may not have access to traditional bank financing. Edge is free from the layers of approvals, one-size-fits all approach, and regulations of most financial lending institutions.
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NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update
January 17, 2024NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”), together with its wholly owned subsidiary NGL Energy Operating LLC (“NGL Energy Operating”), today announced plans to syndicate a new seven-year $700 million senior secured term loan facility (the “Term Loan Facility”).
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Golub Capital BDC, Inc. Announces Merger Agreement With Golub Capital BDC 3, Inc.
January 17, 2024Golub Capital BDC, Inc. (“GBDC,” or the “Company”), a business development company (Nasdaq: GBDC), announced today that it entered into a definitive merger agreement with Golub Capital BDC 3, Inc. (“GBDC 3”), with GBDC as the surviving company, subject to certain stockholder approvals and customary closing conditions.
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Ares Commercial Finance Provides $25 Million Credit Facility to Decorative Lighting Distributor
January 17, 2024Ares Commercial Finance announced today that it has provided a senior secured revolving line of credit to a Decorative Lighting distributor. The proceeds via this transaction will be used to support the Company’s working capital needs and refinance a portion of the company’s existing debt.
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CohnReznick Elevates Three to Commercial Real Estate Leadership Roles
January 17, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has created a new level of leadership within its expanding Commercial Real Estate practice, elevating three partners to U.S. regional leadership positions.
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Golub Capital Marks 30th Anniversary with Record Fundraising, Continued Expansion and Strong Deal Activity in 2023
January 17, 2024Golub Capital marked the start of its 30th anniversary year and reported key milestones achieved in 2023. The Firm raised a record $13.9 billion of new investment firepower and grew capital under management to over $65 billion, a new high.1 The Firm also announced strong credit results and deal activity, closing $13.7 billion in financing commitments.
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Carlyle-Backed Aspen Power Secures $241M in Financing to Advance Growth Initiatives
January 17, 2024Aspen Power, a leading distributed generation platform with a mission to accelerate and democratize decarbonization, today announced it has completed three financings totaling $241 million with J.P. Morgan, Lombard Odier, and Mitsubishi UFJ Financial Group, Inc. (MUFG).
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