- Midcap Financial Provides $95 Million Credit Facility to Made By Gather
- Rosenthal Capital Group Closes $1.5M Purchase Order Financing Facility for Women’s Apparel Company
- Eclipse Business Capital Provides $44 Million Senior Secured Credit Facility to Oil & Gas Industry
- InterNex Capital Announces $6 Million Facility to Long-Established, Full-Service Marketing Firm
- B. Riley Securities Expands Executive Leadership Team with Return of Industry Leaders Patrice McNicoll and Matt Feinberg
TSL Express Daily Articles & News
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How are inventory levels impacting cash flow and performance?
Since the COVID-19 shutdowns, discussions about supply chain and inventory levels have focused on the need to build inventories to offset supply chain risk. Companies have replaced just in time inventory approaches with higher inventory levels to offset the supply chain problems. In addition to building inventory quantity levels, the per unit value of the inventory has been increasing as evidenced by inflation at 40-year highs. The June CPI was 9.1% and the June PPI was 11.3%.
TSL Express Daily Headlines & News
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FGI T.R.U.S.T.™ and Validis to Partner
May 6, 2024FGI Worldwide LLC (“FGI”), a global leader in commercial finance, and Validis, the open accounting API, have partnered to integrate their respective credit management and data extraction platforms.
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BizCap® Fuels Quady Winery's Growth with $17MM Financing Package
May 6, 2024BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Quady Winery, a family-owned operation in Central Valley, CA, renowned for affordable Muscat grape-based fortified and sweet wines that are sold throughout the U.S. Among
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Maxim Commercial Capital Promotes Fernando Rodriguez to Director - Vendor Sales
May 6, 2024Maxim Commercial Capital (“Maxim”) announced Fernando Rodriguez has been promoted to Director – Vendor Sales. In this role, Rodriguez manages vendor relationships, business origination, and sales for Maxim’s Truck and Equipment Financing divisions.
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Kathleen O. Currey Elected as a Fellow to the American College of Commercial Finance Lawyers
May 6, 2024Commercial Finance Partner Kathleen O. Currey has been inducted into the American College of Commercial Finance Lawyers (“ACCFL”) at their annual meeting on April 5, 2024. ACCFL Fellows are lawyers who have achieved preeminence in the field of commercial finance law and those who have made substantial and sustained contributions to the promotion of learning and scholarship in commercial finance law, among other attributes.
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Grant Thornton Announces new Leader for its Chicago Headquarters
May 6, 2024She also served as the Audit practice leader for the Chicago office, and most recently, she was the firm’s Midwest Geography leader, overseeing audit work for all clients served by the firm’s teams in Chicago, Minneapolis and Wisconsin. In this role, she helped the firm attain multiple years of record revenues while helping clients successfully navigate the challenges posed by the COVID-19 pandemic and the supply chain crisis.
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BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year
May 6, 2024A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute.
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Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer
May 6, 2024Comerica Incorporated (NYSE: CMA) announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer.
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Ambri Agrees to Terms of Proposed Sale with Lender Consortium
May 6, 2024-Ambri, the provider of long-duration Liquid Metal™ battery storage systems, today announced that it has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium would acquire substantially all of the assets of the Company, subject to higher and better bids from other parties during an expedited sale process.
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EyeCare Partners Announces Refinancing Transaction Completion
May 6, 2024EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.
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KKR to Acquire Healthium from Apax Funds
May 6, 2024KKR, a leading global investment firm, today announced the signing of definitive agreements under which funds managed by KKR will acquire Healthium Medtech Ltd. (“Healthium”), a leading Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm.
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Latham Advises JOANN in Successful Emergence From Financial Restructuring Process
May 6, 2024JOANN, the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has announced it has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a US$153 million exit financing facility that replaces the previously announced debtor-in-possession financing.
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LSQ Creates $2MM in Invoice Finance Facilities for New York-based Software Companies
May 6, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated twin $1 million accounts receivable finance facilities ($2 million total) for sister software firms offering access management SAAS solutions for numerous industry verticals.
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Red River West Strengthens With the Arrival of two new Strategic Partners
May 6, 2024Red River West (RRW), a transatlantic venture capital fund supporting ambitious European startups looking to expand into the American market, continues its development today with the reinforcement of two exceptional profiles: Matthieu Bucaille and Yves Sisteron, who join the company as Strategic Partners.
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U.S. Bancorp Promotes Gunjan Kedia to President
May 6, 2024U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO.
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Bowman Closes On $100 Million Revolving Credit Agreement
May 6, 2024Bowman Consulting Group Ltd. (“Bowman” or “the Company”) (NASDAQ: BWMN), today announced it entered into a $100 million aggregate revolving credit agreement with Bank of America, N.A, as Administrative Agent, and TD Bank, N.A., as Syndication Agent (the “Credit Agreement”).
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Charles River® Appoints Vin Bhat as New Head of Asia-Pacific
May 6, 2024Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be responsible for all business oversight within the region and collaboration with State Street Alpha®, the first front-to-back asset servicing platform from a single provider for institutional investors.
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Bastion Management Closes $50 Million Facility with Cashco Financial
May 6, 2024Bastion Management ("Bastion"), a private investment firm focused on asset-based lending in the specialty finance sector, announced today that it agented a senior debt investment of $50 million in Cashco Financial ("Cashco") to refinance an existing senior lender and fund future growth of their Canadian consumer lending portfolio.
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