- Encina Commercial Finance Provides $125 Million First-Out Financing as Part of $300 Million Unitranche Supporting National CineMedia’s Acquisition of Captivate Holdings
- Secured Finance Economic Impact Study
- Grant Thornton Survey: CFO Profit Optimism Reaches Record High Despite Economic Uncertainty
- Holland & Knight Advises Pamlico Capital in Sale of Becker's Healthcare to Forge
- 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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Secured Finance Foundation Releases Latest SFNet Market Pulse Report
“The secured finance industry is far-reaching with intertwined sectors and an abundance of opportunity," said Jennifer Palmer, SFNet President and CEO and founder of JPalmer Collective. "In the last year, we’ve focused on building alliances with industry organizations and educating them about the financing options available. As a result, we’re seeing an increase in awareness – which we expect to translate to utilization – of secured finance and opportunities for many of our members.”
TSL Express Trending Story
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In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The second place and first place winners will be published in the October and November issues of The Secured Lender, respectively.
TSL Express Daily Headlines & News
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SLR Capital Partners Appoints Scottie Bevill as Senior Advisor
July 17, 2024SLR Capital Partners, LLC (“SLR”), a private credit platform specializing in direct lending to U.S. middle market companies, today announced that Scottie Bevill has joined the firm as a Senior Advisor.
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Huntington Business Credit Closes $99 Million in new Credit Facilities with Lumbermen’s Inc.
July 17, 2024Huntington Business Credit closed $99,000,000 in new credit facilities with Lumbermen’s Inc. on June 25, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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97% of Restructuring Executives say Liability Management is Only a Temporary fix, According to AlixPartners Survey
July 17, 2024Global consulting firm AlixPartners today announced the findings of its 19th Annual Turnaround and Transformation Survey, which reveal that the world’s leading turnaround executives continue to see the high cost of borrowing as a major factor driving company distress and restructuring activity.
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CIT Northbridge Credit Provides $40 Million to B&W Fiber Glass Inc.
July 16, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $40 million revolving credit facility to B&W Fiber Glass Inc., a distributor of fiber glass and manufacturer of technical textile fiberglass and reinforcement materials.
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Blue Owl Capital Significantly Expands Alternative Credit and Asset-Based Finance Capabilities with Acquisition of Atalaya Capital Management's Business
July 16, 2024Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today it has entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management LP ("Atalaya") for $450 million.
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Gateway Trade Funding Provides $2,500,000 in Stretch Financing to a Home Décor Company
July 16, 2024As a home décor and fragrance company entered its peak season, it needed extra working capital to pay suppliers for the anticipated increase in demand. However, they struggled to find a financing option that could meet the intercreditor requirements of their asset-based lender.
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Flatbay Capital Closes a $1MM CRE Loan for Midstream Manufacturing and Service Company
July 16, 2024Founded in 1978, Flatbay Capital's client is a Texas-based mechanical contracting firm that offers equipment and services to bulk liquid storage terminals and the pipeline industry.
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Gordon Brothers Expands Leasing & Lending Teams
July 16, 2024Gordon Brothers, the global asset experts, has expanded the firm’s leasing and lending teams. As part of this expansion, Elijah Kaplan, Managing Director, Lending, and Steve Sanders, Managing Director, Equipment Finance, Eastern Region, have recently joined Gordon Brothers to continue to support the firm’s growth.
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Working Capital Fuels Lone Star Pipe Services Launch and Project Pipeline
July 16, 2024Texas-based Lone Star Pipe Services, LLC, is a family-owned and operated business specializing in industrial coatings. They offer a wide range of services, including a range of coatings, pipe restoration, repairs and storage. A start-up company, the principal had worked for a pipe coating company that was a previous nFusion Capital client.
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Omni Fiber announces $150 Million in Financing from Stonepeak Credit to Continue Rapid Expansion in the Midwest
July 16, 2024Omni Fiber, a regional Fiber Internet Service Provider with operations in over 25 markets in Ohio and Pennsylvania backed by Oak Hill Capital, today announced the closing of $150 million in debt financing from Stonepeak Credit.
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Webster Financial Corporation Appoints CFO Successor; Names New Board Member
July 16, 2024Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company, for Webster Bank, N.A., (the “Bank”) announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank.
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Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing to Accelerate Construction of Renewable Energy Projects
July 16, 2024Leeward Renewable Energy (LRE), a leading renewable energy company, today announced the closing of its $1.25 billion construction warehouse facility (“Construction Warehouse”), marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio
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Trinity Capital Inc. Provides $15 Million in Growth Capital to Velentium
July 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.
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Grant Thornton Names two new Leaders to its Industry Practice
July 16, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Lawrence Griff to lead the firm’s Retail industry practice and Kelly Schindler to head up its Manufacturing industry practice.
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8x8, Inc. Secures $200 Million Term Loan at Reduced Interest Rate
July 16, 20248x8, Inc. (NASDAQ: EGHT) (the “Company” or “8x8”), a leading integrated cloud contact center and unified communications platform provider, today announced that it has secured a new $200 million Delayed Draw Term Loan Credit Facility (the “Delayed Draw Term Loan” or “Credit Agreement”).
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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