- Transparency Analytics Completes Second Funding Round Led by Deciens Capital
- SouthStar Capital Provides $5 Million Accounts Receivable Financing Facility for a Growing Commercial Construction Company
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Wolters Kluwer Indicator Survey Finds Lower Concern Levels Following Significant Drop in Regulatory Penalties
- Market Sizing & Impact Study
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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ePlus Expands Credit Facility
ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
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Interview with Candice Hubert, Member of SFNet’s Diversity, Equity & Inclusiveness Committee
Representing Republic Business Credit in the Texas market out of an expanding Houston office, Candice brings more than 18 years of banking and commercial finance experience. Candice joined Republic in 2012, after a long tenure with Chase Bank providing asset-based lending solutions to a multitude of industries. Candice has been able to assist clients in start-up, high-growth, and recoverable distressed situations and values the opportunity to work with industry partners across the United States. She is a member of the Houston Chapter for the Secured Finance Network, Association for Corporate Growth, and a member of Turnaround Management Association. In 2018, Candice was a proud recipient of the Secured Finance Network's 40 Under 40 Award and continues to serve as an advocate for SFNet programs by participating in business development panel discussions and has been featured in past SFNet informative articles.
TSL Express Daily Headlines & News
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SG Credit Partners Announces A $6 Million Senior Debt Investment In A Plant-Based Protein Snack Company
December 5, 2023SG Credit Partners, through its SG Consumer Products division, is excited to announce a $6 million senior debt investment in a plant-based snack brand. The partnership will provide additional capital to support their continued retail expansion and product innovation.
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Austin Financial Services Closes $4.5MM ABL Facility to Manufacturer of Prepared Salads and Spreads
December 5, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of an $4.5MM ABL facility, consisting of an AR & Inventory revolver, to a manufacturer of prepared salads and spreads. Proceeds from AFS’ revolver were used to refinance the bank and will provide ongoing working capital to support the Company’s growth forecasts as it expands its product offerings.
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Mitsubishi HC Capital America Highlights 2024 Trends for Equipment Finance Industry
December 5, 2023On the close of a year filled with economic recovery, fluctuation and uncertainty, Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is identifying five trends that are likely to play a significant role in shaping the equipment finance industry in 2024.
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Gordon Brothers Facilitates Soft Surroundings’ Going Concern Sale to Coldwater Creek
December 5, 2023Gordon Brothers, the global asset experts, facilitated Soft Surroundings’ going concern sale to Coldwater Creek through the U.S. women’s clothing and accessories retailer’s filing of Chapter 11 bankruptcy in September.
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Comprehensive Restructuring to Reduce Total Debt by Over $300 Million and Position the Company for Long-Term Growth
December 5, 2023North America's largest glass recycler, Strategic Materials, Inc. (the "Company" or "SMI"), announced a comprehensive restructuring to position the business for long-term growth.
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Crown Partners Arranges Credit Facility for Fundfi
December 5, 2023Crown Partners LP, an investment bank focused exclusively on middle-market asset-based finance, announced that it has arranged a new credit facility for Fundfi Merchant Funding LLC, providing committed capital for the company to fund the growth of its portfolio. Crown Partners served as the exclusive financial advisor to Fundfi.
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Cambridge Savings Bank Provides Financing to Restaurateur Tom Schlesinger-Guidelli to Open New Seafood Restaurant and Market
December 5, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.
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Ted Baker Owner Secures new Funding for Struggling Brand
December 4, 2023Authentic Brands said it had secured a deal with asset-based lender Secure Trust Bank Commercial Finance (STB CF), which had agreed to provide a “long-term secured asset-based facility” to Ted Baker operator AARC.
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Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels
December 4, 2023Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Société Générale, and with Société Générale as Green Loan Coordinator.
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Lycos Energy Inc. Announces Increase to Credit Facility
December 4, 2023Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million.
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Genco Shipping & Trading Limited Closes $500 Million Credit Facility
December 4, 2023Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has closed its previously announced $500 million revolving credit facility.
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A&G Plans to Offer Additional Rite Aid Store Leases in 11 States
December 4, 2023A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale an additional tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
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Willkie Adds Prominent Restructuring Lawyer Simon Baskerville in London
December 4, 2023Willkie Farr & Gallagher LLP today announced that Simon Baskerville has joined the Firm as a partner in the Business Reorganization & Restructuring Department, based in the Firm’s London office. He will serve as a Co-Chair of the European Restructuring Group.
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Clay Hale joins the Corporate & Investment Bank as Co-head of Equity Capital Markets
December 4, 2023Wells Fargo & Company (NYSE: WFC) today announced that Clay Hale has joined the Corporate & Investment Bank (CIB) as co-head of Equity Capital Markets (ECM) within the Banking division. He will co-lead the ECM team alongside Jill Ford, who joined the Company in September of this year.
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TD Securities Announces Significant Expansion of Its Global Financial Institutions Group
December 4, 2023TD Bank Group (TSX: TD) (NYSE: TD) ("TD") today announced the significant expansion of its Global Financial Institutions ("FIG") Investment Banking coverage in the US as well as other product areas, including Equity Sales, Equity Capital Markets, Debt Capital Markets, and Equity Research. With these additions, the TD Securities Global FIG team will offer a full suite of products and services to a growing group of Financial Institutions clients.
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Peter J. Rooney and James Z. Fang Join Cahill’s New York Office as M&A and Corporate Advisory Partners
December 4, 2023Cahill Gordon & Reindel LLP announced today that Peter J. Rooney and James Z. Fang have joined the firm as partners in the M&A and Corporate Advisory practice.
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Lakeland Bank Strengthens their Asset Based Lending Team with Industry Veterans Kaestner and Williams
December 4, 2023Following the announcement of Kenneth Kaestner’s appointment to Lakeland’s Asset Based Lending team in October, the Bank is proud to announce Diane Williams has also joined the team serving as Vice President, Senior Relationship Manager.
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Eclipse Business Capital Provides $40mm ABL Credit Facility to a Canadian Media Company
December 4, 2023Eclipse Business Capital LLC (“EBC”) announced that it has provided a $40 million senior secured ABL credit facility to a Canadian media company. The credit facility is secured by accounts receivable and inventory.
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Mountain Ridge Capital Provides $25 Million Credit Facility to Exercise Equipment Company
December 4, 2023Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $25 million senior secured credit facility to a U.S.-based designer and marketer of fitness equipment.
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Macquarie Asset Management Hires Vivek Bommi as Head of Leveraged Credit
December 4, 2023Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit. In this role, he will have overall responsibility for the firm’s Leveraged Credit capabilities including portfolio, team and business management, including being named a portfolio manager on the team’s registered high yield and bank loan funds in the US.
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