- Veteran Cross-Border Disputes Lawyer Bo Huang Joins Jones Day's Global Disputes Practice in Hong Kong
- J.S. Held Lending Climate Survey Finds Growing Lender Caution Amid Rising Economic and Geopolitical Risks
- SFNet Market Pulse
- DraftKings Announces Closing of $700 Million Upsized Term Loan B Facility and $750 Million Revolving Credit Facility
- Perma-Pipe Announces Closing of Global Credit Facility
TSL Express Daily Articles & News
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SWK Holdings Corporation Announces New Credit Facility with $45 Million Committed at Close
SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, announced the signing of a new four-year credit facility with First Horizon Bank ("First Horizon").
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This Is Not a Drill - SFNet's Cross-Border Lending Summit 2022 Returns September 15 and September 22
SFNet's Cross-Border Lending Summit - “This Is Not a Drill” – is returning live online event on September 15 and September 22, 2022, from 10:00 a.m. - 12:00 p.m. ET each day. For the 9th year in a row, SFNet is bringing timely and provocative panels addressing issues that challenge asset-based lenders doing cross-border deals. So much has happened in just the last six months: Boris Johnson stepping down, Russia in Ukraine, potential food supply shortages, climate extremes. Companies now must reevaluate supply chains and vendors based in part of geopolitical risk. Not to mention an inflationary environment the likes of which we have not seen in years. In this time of rapid change, SFNet is gathering together industry experts to explore and illuminate the current landscape and what you should be thinking about in the months and years to come.
TSL Express Daily Headlines & News
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CyrusOne Secures $9.7 Billion in New Debt Capital to Fund Datacenter Growth
July 8, 2024CyrusOne, a leading global data center owner, developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, today announced the closing of a $7.9 billion Warehouse Credit Facility. The executed transaction is incremental to the $1.8 billion Revolving Credit Facility financing completed in May, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders.
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Rosenthal & Rosenthal Closes Three California-Based Transactions
July 8, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two asset-based lending transactions totaling $7.5 million and one collection factoring facility.
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Sallyport Commercial Finance Provides $2 Million to a Canadian Distribution & Storage Business
July 8, 2024Sallyport Commercial Finance announced it has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage company based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts.
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PPL Group to Auction Oilfield Directional Drilling Company in West Texas
July 8, 2024PPL Group will be conducting a webcast auction for the assets of AIM Directional Services, LLC – a leader in Directional Drilling, Mud Motor Services and Measurement While Drilling (MWD) Services and Tools for the oilfield.
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Grant Thornton’s Jim Wittmer Named Managing Principal of the Firm’s Atlantic Coast Region
July 8, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Jim Wittmer the managing principal of the firm’s Atlantic Coast region. In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Baltimore, Pittsburgh and Philadelphia, where he is based.
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Penn Community Bank Welcomes New Commercial Banking Team Leader
July 8, 2024Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce the hiring of Zac Collins, SVP – Commercial Banking Team Leader. In his new role, Zac will lead a team focused on Commercial and Industrial (C&I) Banking in the Bucks and Montgomery counties, as well as Lehigh Valley.
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Blank Rome Welcomes Leading Private Equity and M&A Team in New York
July 8, 2024Blank Rome LLP is pleased to announce that Jeffrey “Jeff” A. Fickes and Christopher “Chris” J. DePizzo have joined the firm’s New York office as partners in the Corporate, M&A, and Securities group. They bring extensive experience representing businesses and investors throughout the United States and internationally in private equity (“PE”) transactions, mergers and acquisitions (“M&A”), and other corporate matters.
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Assembled Brands Capital Partners with 4 Rapidly Growing CPG Brands, Boosts Portfolio with New Investments
July 8, 2024Assembled Brands Capital, a leading asset-based lender for businesses in the CPG ecosystem, recently closed four new credit facilities for high-growth CPG brands spanning various industries. The lender specializes in comprehending the financial needs and operational challenges faced by businesses, such as branded ecommerce companies, omnichannel brands, distributors, and more.
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GFL Environmental Inc. Successfully Reprices and Extends its Senior Secured Term Loan
July 8, 2024GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company"), a leading North American diversified environmental services company, today announced that it has amended its US$725.0 million senior secured term loan to reduce its borrowing rate to SOFR +200 basis points from the previous SOFR +250 basis points, in a transaction that was significantly oversubscribed.
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Sallyport Commercial Finance, LLC Celebrates its 10-Year Anniversary
July 8, 2024Sallyport Commercial Finance, LLC announced its 10-year anniversary. The company stated: From our humble beginnings to becoming a trusted leader in alternative finance, this journey has been nothing short of extraordinary. We owe this success to our amazing team, our investors, introducers and of course, the wonderful business owners we work with.
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Wolters Kluwer Experts Provide Insights on Beneficial Ownership Reporting Requirements for Large Operating Companies
July 8, 2024With Beneficial Ownership Information (BOI) reporting requirements now in effect as part of the Corporate Transparency Act (CTA), Wolters Kluwer CT Corporation is responding to a range of questions submitted by businesses and individuals seeking clarity on “large operating company” exemptions. CT Corporation online BOI resources are helping address those queries to aid greater understanding of impacted organizations’ reporting obligations.
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In Memoriam: Debra Putzer
July 8, 2024
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Eclipse Business Capital Provides $101.2MM Senior Secured Credit Facility To An Automotive Parts Manufacturer
July 8, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $101.2 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to an automotive parts manufacturer. The credit facility is secured by accounts receivable, inventory, and machinery & equipment.
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Peter Williams to Join Cahill's New York Office as a Partner and Co-Head of its Private Credit Practice
July 8, 2024Cahill Gordon & Reindel LLP announced today that Peter Williams will join the firm on July 15 as a partner in New York, where he will serve as Co-Head of its Private Credit practice.
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Wingspire Capital Provides $60 Million Senior Secured Revolver to Comtech Telecommunications Corp.
July 8, 2024Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. (Nasdaq: CMTL). The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit.
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Entrepreneur Growth Capital LLC Provides $2,000,000 Line of Credit to Frozen Seafood Distributor
July 8, 2024Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $2 million asset-based facility for a frozen seafood distributor. The facility provides availability against both accounts receivable, inventory and monthly recurring revenue (“MRR”).
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 8, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June.
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Lion Electric Announces Amendments to Certain Senior Credit Instruments and the Entering Into Of New Financing
July 8, 2024The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec
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Heads of Terms Agreed for US$35 million Revolving Credit Facility
July 8, 2024Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
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Archwest Capital, Leading National Residential Lender, Secures Strategic Growth Investment from Bain Capital
July 8, 2024Archwest Capital (“Archwest” or the “Company”), a lender specializing in non-owner-occupied residential real estate loan solutions, today announced it has secured a significant growth investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the Company, with management, led by Chief Executive Officer Shawn Miller, retaining a significant minority stake. Financial terms of the private investment were not disclosed.
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