TSL Express Daily Articles & News
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SFNet Launches IMPACT Awards to Celebrate Excellence in the Secured Finance Industry
SFNet is proud to unveil our new program to celebrate excellence in the secured finance industry: the SFNet IMPACT Awards. Created to honor innovation and leadership, these awards will demonstrate the crucial role that our SFNet community of members play in putting capital to work.
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The Pursuit of Happiness: How Robyn Barrett created a woman-owned empire in the factoring space while staying true to who she is
Robyn Barrett is the SVP, managing director of Oxford Commercial Finance (“OCF”). OCF offers factoring and asset-based lending lines of credit to small to mid-sized to access the capital needed to grow.
TSL Express Daily Headlines & News
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Big Shoulders Capital Provides $1MM DIP Financing to Texas Steel Fabricator to Fund Going-concern Sale
April 22, 2024Big Shoulders Capital recently provided a $1MM debtor-in-possession loan for a steel fabrication business in Texas. Funds will provide working capital and enable a going-concern sale process.
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OHA is Administrative Agent & Lead Left Arranger for Acentra Health’s Private Refinancing
April 22, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting the refinancing of Acentra Health (“Acentra”), a portfolio company of Carlyle. Acentra is a leading provider of technology products and services to government healthcare agencies that are essential to administering Medicaid, Medicare and other health programs at the federal and state level, including claims processing, enrollment and data analytics. OHA is the largest holder of the new financing.
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PHX Minerals Inc. Announces Reaffirmation of Borrowing Base and Extension of Revolving Credit Facility
April 22, 2024PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX) today announced that PHX's bank lending group led by Independent Financial has completed its regularly scheduled semi-annual redetermination of the Company's senior secured credit facility (the "Credit Facility") and reaffirmed the existing $50 million Borrowing Base with no changes to pricing, covenants or other material terms.
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Redaptive Secures $225M Warehouse Financing from ATLAS SP Partners, Launching Equipment Financing Solution
April 22, 2024Redaptive, the Energy-as-a-Service ("EaaS") leader, has announced it secured $225 million in a warehouse financing facility from ATLAS SP Partners ("ATLAS SP"), a global investment firm providing stable capital, financing, advisory and institutional products.
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WSFS Announces Brooke Moyer as Senior Vice President and Director of Loan Syndications
April 22, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Brooke Moyer as Senior Vice President and Director of Loan Syndications, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.
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SFNet Instrumental in Derailment of MD Financial Disclosure Bill
April 18, 2024The Maryland proposed financial disclosure bill, which closely resembled the New York law, has been successfully derailed during the recent legislative session. SFNet worked with a Maryland lobbyist in opposition to this bill. Although this outcome marks a victory for the industry, there is a strong possibility the bill will resurface in 2025.
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Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
April 18, 2024Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility significantly enhances the Company's liquidity position and is incremental to the borrowing capacity within the Company's current $900 million asset-based revolving loan facility ("ABL").
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RadNet Announces Closing of its Previously Announced Term Loan and Revolving Credit Facility Refinancing Transaction
April 18, 2024Barclays Bank PLC, Banco Santander, S.A., New York Branch, Capital One, National Association, J.P. Morgan Chase Bank, N.A. Mizuho Bank Ltd. Truist Securities, Inc. and Wells Fargo Securities, LLC acted as joint bookrunners and joint lead arrangers in the transaction.
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Edge Capital's Creative Solutions Drive Significant Portfolio Growth
April 18, 2024As traditional banks, particularly those heavily invested in real estate, tighten their lending criteria, non-bank lenders capable of crafting customized solutions are well-positioned to thrive in today's credit environment. Illustrating that advantage, Edge Capital Lending, LLC (“Edge”), a family-office backed national asset-based lending company is proud to announce that it closed out 2023 with remarkable strength and kicked off 2024 on an impressive note.
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SLR Digital Finance Provides $500,000 Credit Facility for AI Ad Tech Company
April 18, 2024SLR Digital Finance (SLRDF) is pleased to announce the funding of a $500,000 accounts receivable credit facility for an AI advertising technology company.
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Monroe Capital Supports Growth of Exiger
April 18, 2024Monroe Capital LLC (“Monroe”) announced it acted as the sole lead arranger and administrative agent in the funding of a senior credit facility to support the growth of Exiger, alongside private equity sponsors Carlyle, Insight Partners, and JMI.
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US Law Firms Troutman Pepper, Locke Lord in Talks to Merge
April 18, 2024U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday they are in talks to merge, in what would be the largest law firm combination to emerge so far this year. Troutman Pepper and Locke Lord "can confirm they have entered into discussions about a possible combination," spokespeople for the two firms said in identical statements.
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First Citizens Bank Provides $50 Million to Refinance Los Angeles Medical Office Building
April 18, 2024First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center.
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SLR Healthcare ABL Provides $9 Million Asset-Based Revolving Line of Credit to a Nursing Home Operator
April 18, 2024SLR Healthcare ABL (“SLRHC”) is pleased to announce it has provided financing for a $9MM asset-based revolving credit facility to an Illinois based nursing home operator (“Company”). The Company includes four facilities with over 1,100 beds that specialize in short-term rehab, skilled nursing, and physical therapy.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 18, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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