- Matrix Applications Completes SOC 1 and SOC 2 Type 2 for TradeBlazer Collateral Management System and Managed Services
- Mitsubishi HC Capital Canada Closes US$62.5 Million Through Private Credit Platform to Accelerate Growth for Four Canadian Businesses
- Mitsubishi HC Capital Canada Closes US$62.5 Million Through Private Credit Platform to Accelerate Growth for Four Canadian Businesses
- IDB Bank Appoints David Park as President of Commercial Banking
- SouthStar Capital Provides $2 Million Accounts Receivable Financing Facility to Industrial Services Company
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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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Otterbourg Adds Ron Brody as Head of the Firm’s Leveraged Finance Practice
January 31, 2024Otterbourg P.C. is pleased to announce the arrival of Ron Brody as the head of the firm’s Leveraged Finance Practice Group. Mr. Brody is a nationally recognized high-yield securities lawyer with a broad range of corporate, transactional and finance experience. His clients include leading investment banks, private equity funds and public and private companies.
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Iron Horse Credit Provides a $2 Million Inventory Line of Credit to a Truck, Trailer, and Hitch Distributor
January 31, 2024Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $2,00,000 RLOC to a truck, trailer, and hitch distributor. The company came to Iron Horse looking for first-time financing when the son was looking to buy out his father for retirement and bring suppliers current after the post pandemic slowdown.
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Lighthouse Provides $6,500,000 Credit Facility to an OH-Based Manufacturer of Precision Machined Components
January 30, 2024Lighthouse Financial Corp. is pleased to announce the completion of a $6,500,000 Credit Facility to an Ohio based manufacturer of precision machined components. The company's global expertise and capabilities in micro and high precision manufacturing has allowed it to uniquely serve a variety of high-technology markets including aerospace, diesel/off-road vehicles, fluid power, medical/dental devices, and more.
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Gordon Brothers Engaged to Sell Zulily Inventory & Fulfillment Center Assets
January 30, 2024Gordon Brothers, the global asset experts, has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
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United Capital Funding Issues $21.25MM in Total Credit facilities during Q4 2023
January 30, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4 of 2023.
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Phoenix Merchant Partners Launches Private Credit Strategy with Close of Innovative Financing Solution to Gryphon Holdings
January 30, 2024Phoenix Merchant Partners, LP ("Phoenix" or the "Firm"), an independent investment firm focused on providing broad financing solutions to the middle-market universe of companies, today announced the closing of its first transaction, an innovative financing to Gryphon Holdings (the "Company"), a company involved in quota share non-catastrophic property and casualty reinsurance services.
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Southern California Bancorp and California BanCorp Announce a Merger of Equals to Create a Premier California Business Bank
January 30, 2024Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp (NASDAQ: CALB), the holding company for California Bank of Commerce, jointly announce the execution of a definitive merger agreement, pursuant to which the companies will combine in an all-stock merger valued at approximately $233.6 million, or $26.54 per share of California BanCorp, based on the closing price of Southern California Bancorp on January 29, 2024.
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B. Riley Serves as Exclusive Financial Advisor to AdCellerant LLC in Connection with its Strategic Investment from Clearview Capital
January 30, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to AdCellerant LLC ("AdCellerant" or the "Company") in connection with its strategic investment from Clearview Capital, L.P. ("Clearview Capital").
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National Funding Celebrates Its 25th Anniversary—Championing SMBs Nationwide
January 30, 2024National Funding, one of the largest U.S. specialty financing companies serving small- and medium-sized businesses celebrates its 25th anniversary on January 27. It has provided over $4.5 billion in working capital and equipment leasing for SMBs nationwide.
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Arlington Capital Partners Announces the Formation of Keel, a New Leader in Defense Manufacturing, and its Acquisitions of Merrill Technologies Group and Metal Trades, LLC
January 30, 2024Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm, today announced the formation of Keel Holdings, LLC (“Keel” or the “Company”), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.
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SoFi Breaks Down Barriers to Investing By Offering Alternative Investments
January 30, 2024SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors access to the power to build and protect their wealth through investment opportunities traditionally reserved for the ultra wealthy.
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Churchill Asset Management Completes $400 Million Middle Market CLO Offering
January 30, 2024Churchill Asset Management LLC, an investment specialist of Nuveen that provides customized financing solutions to U.S middle market-focused private equity sponsors and their portfolio companies, today announced the closing of a $400 million middle market collateralized loan obligation (“CLO”), Churchill MMSLF CLO III, on January 24, 2024.
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Commercial Finance Partners Provides $500,000 AR Financing to Emerging Specialty Staffing Firm
January 30, 2024Commercial Finance Partners announces the funding of a $500,000 accounts receivable (AR) financing facility to a new specialty staffing company. This financial support is designed to enhance the company's ability to manage and expand its operations.
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Mayer Brown Strengthens Global Trade and Structured Finance Capabilities With Addition of Partner Janelene Chen in Singapore
January 29, 2024Mayer Brown announced today that Janelene Chen has joined the firm's Banking & Finance practice as a partner in Singapore, where she will focus on trade and other structured finance transactions. She joins from Norton Rose Fulbright where she was a partner.
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Gridiron Capital Portfolio Company Leaf Home™ Appoints Scarlett O’Sullivan as Chief Financial Officer
January 29, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, Leaf Home™, a leading technology-enabled and direct-to-consumer provider of home improvement products and solutions, has named Scarlett O’Sullivan as the Company’s Chief Financial Officer. I
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PPL Group LLC to Conduct a Large, 3-day Auction Sale of Superior Die Set Corp
January 29, 2024PPL Group LLC is conducting a large, 3-day auction sale of Superior Die Set Corp in Oak Creek, WI. Features late model grinding, vertical and horizontal machining, turning, fabrication, and heat treat equipment. Sale starts January 31.
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Triscoli Joins Entrepreneur Growth Capital
January 29, 2024Entrepreneur Growth Capital (“EGC”) is pleased to announce that Joe Triscoli has joined as Senior Vice President. Based in South Florida, Joe will be responsible for both business development and portfolio management.
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flyExclusive Announces $25 Million Strategic Investment from ETG FE, LLC
January 29, 2024flyExclusive (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global.
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OHA is the Lead Left Arranger of Greenway Health’s Private Unitranche Financing
January 29, 2024Oak Hill Advisors (“OHA”) served as the Lead Left Arranger of a private unitranche financing for Greenway Health, a provider of electronic health record and practice management solutions to the U.S. ambulatory market. OHA committed to half of the $375 million term loan used to refinance the company’s maturing syndicated first lien debt.
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AGS Announces Plans to Explore Refinancing of Its Term Loan Credit Facility and Voluntarily Repay Up to $15 Million of Its Total Debt Outstanding
January 29, 2024PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company") today announced plans to explore a refinancing of its term loan credit facility, which may include decreasing the interest rate required to be paid under such facility.
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