- News Detail
- Wells Fargo Announces Retirement of Chief Risk Officer, Derek Flowers; Chief Operating Officer, Scott Powell, to Become Chief Risk Officer
- Rosenthal Capital Group Closes Two Transactions Over $10 Million Across its Purchase Order Financing and Recourse Factoring Divisions
- Asset-Based Lending & Factoring Surveys
- SG Credit Partners Provides a Senior Debt Credit Facility to Family-Owned Food Distributor
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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RYAM Raises $250 Million of Debt to Refinance its 2024 Notes, Improving Financial Position to Support Future Growth Opportunities
Rayonier Advanced Materials Inc. (NYSE: RYAM) (“RYAM”), a global leader in the production of high-purity cellulose specialties and other sustainable materials, is pleased to announce that it has obtained $250 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
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Field Exam in Changing Times: Fundamentals and Best Practices
Jan Tammen of PNC Business Credit discusses some of the lasting changes to the field exam industry brought on by the pandemic.
TSL Express Daily Headlines & News
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Western Forest Products Amends and Extends $250 Million Credit Facility
July 29, 2024Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today the amendment and extension of its current $250 million syndicated credit facility.
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Propel Announces Upsized $330 Million Syndicated Credit Facility
July 29, 2024Propel Holdings Inc. ("Propel") (TSX: PRL), the fintech facilitating access to credit for underserved consumers, announced an upsize of $80 million to its existing syndicated credit facility for the CreditFresh line of business ("the credit facility"). With the upsize, the total commitment for the credit facility is $330 million.
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Washington Trust Promotes Scott McCaughey to Senior Vice President & Team Leader, Commercial Banking
July 29, 2024Washington Trust ("the Bank") today announced the promotion of Scott McCaughey to Senior Vice President and Team Leader within the Commercial Banking division. In his new role McCaughey, a 30-year banking professional, will oversee the Bank's Commercial & Industrial ("C&I") Lending and Business Banking teams.
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Monroe Capital Closes $561.8 Million Collateralized Loan Obligation XVI
July 29, 2024Monroe Capital LLC (“Monroe”) today announced the closing of a $561.8 million term debt securitization known as Monroe Capital MML CLO XVI, LTD. The term financing was Monroe's fourth CLO completed since 2022 and is secured by a portfolio of middle market senior secured loans.
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First Citizens Expands Middle Market Banking to Serve Northeastern U.S.
July 29, 2024First Citizens Bank today announced that its Middle Market Banking group is expanding in the Northeastern U.S., leveraging its deep middle market expertise to provide a full-suite of financial solutions to midsize businesses across the region.
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Wingspire Capital Launches Healthcare Finance Platform
July 29, 2024Wingspire Capital announced today the expansion of its product mix with the creation of a dedicated Healthcare Finance capability that will offer a full suite of flexible capital solutions delivered with Wingspire’s trademark level of creativity, flexibility, responsiveness and professionalism.
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NXT Capital Closes $202 Million Senior Credit Facility in Support of Kian Capital Partners’ Recapitalization of SPATCO Energy Solutions
July 29, 2024NXT Capital announced today that it closed a $202 million senior credit facility in support of Kian Capital Partners’ recapitalization of SPATCO Energy Solutions. NXT Capital acted as the Joint Lead Arranger and Joint Bookrunner on this transaction.
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Amerisource Business Capital Closes $4,500,000 Working Capital Facility for Equipment Manufacturer
July 29, 2024Amerisource Business Capital is pleased to announce the successful closing and funding of a $4,500,000 working capital facility for an equipment manufacturer located in the Midwest.
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BHI Continues its Support to Insignia International, Providing $22.5 Million As An Integral Part of The Company’s Global Credit Facility Refinancing
July 29, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced it has joined a global credit facility for Insignia International (the “Company”) as they continue to grow and expand their operations. As part of the transaction, BHI has provided a $22.5 million pro rata share in the overall facility.
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Amerisource Business Capital Closes $6,000,000 Working Capital Facility for Manufacturer
July 29, 2024Amerisource Business Capital announced the closing and funding of a $6,000,000 working capital facility for a manufacturer of truck bed covers and liners based in the Northeast.
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Rainstar Capital Group Welcomes Chris Griffith
July 25, 2024Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had hired Chris Griffith to its middle market team as Managing Director to head up the Florida market.
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SSG Advises the Chapter 7 Trustee of Gelesis Holdings Inc. in the Sale of Substantially All Assets to an Affiliate of
July 25, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to George L. Miller, the Chapter 7 Trustee (“Trustee”) of Gelesis Holdings Inc. and certain affiliates (collectively, “Gelesis” or the “Company”), in the sale of substantially all assets to an affiliate of Theras Group S.r.l., T-Investments S.r.l., and Andromeda Energy S.r.l. The transaction closed in July 2024 pursuant to a Section 363 sale process in the U.S. Bankruptcy Court for the District of Delaware.
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Blank Rome Welcomes Real Estate Associate Eric L. Bodzin in Philadelphia
July 25, 2024Blank Rome LLP is pleased to announce that Eric L. Bodzin joined the firm’s Philadelphia office as an associate in the Real Estate practice group.
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Whiskey House of Kentucky Secures $145 Million in Long Term Capital
July 25, 2024Whiskey House of Kentucky, the most advanced contract distillery in the United States, announced today the successful close of a 5-year, $115 million syndicated credit facility from Truist Bank, U.S. Bank, First Horizon Bank, Rabobank, and CoBank (Lenders).
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Runway Growth Capital Provides Additional $20 Million Growth Investment to Elevate
July 25, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $20 million growth capital commitment to Elevate, a leading provider of consulting, technology, and services for law departments and law firms.
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Bastion Management Closes $20 Million Facility with Vernance
July 25, 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 $20 million with accordions up to $60 million in Vernance LLC ("Vernance" or the "Company") to fund future growth of their consumer lease-to-own ("LTO") portfolio.
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TAB Bank Announces More Than $103 Million in Credit Facilities for Q2 2024
July 25, 2024TAB Bank successfully closed $103 million in credit facilities with nearly 400 companies during the second quarter of 2024. Financing included loans for working capital, equipment and commercial real estate, small business lines of credit and accounts receivable funding.
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Digitt Secures US$50M From CoVenture to Help Prime Borrowers in Mexico Pay Off Predatory Credit Card Debt
July 25, 2024Digitt, a pioneering fintech offering credit card debt refinancing for prime borrowers in Mexico, today announced the launch of a $50M debt facility with CoVenture Management, LLC, a leading private credit and alternative asset manager based in New York, New York.
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Rosenthal Closes Joint Recourse Factoring and Purchase Order Financing Transaction
July 24, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the recent completion of a joint recourse factoring and purchase order financing deal.
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US Bank and Billtrust Partner on AR Platform for Suppliers
July 24, 2024U.S. Bank has introduced an automated, comprehensive accounts receivable (AR) platform designed for suppliers. The U.S. Bank Advanced Receivables platform was created in partnership with Billtrust and combines the bank’s payment and risk management capabilities with Billtrust’s AR technology, the bank said in a Tuesday (July 23) press release.
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