- Simon® Announces $5.0 Billion Revolving Credit Facility and Amendment to $3.5 Billion Revolving Credit Facility
- Top California Lender Closes $6M Bridge Loan for 92-Unit Senior Living Community in Scottsdale, Arizona
- First Business Bank Promotes Kevin McGraw To Vice President - Asset-Based Lending
- Eagle Point Holds Final Close on its Defensive Income Fund III, Exceeding its Original Hard Cap
- Western Alliance Bank Names Kristen Hillenbrand Head of Treasury Management Sales
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Assembled Brands Announces a New $5 Million Facility with Algenist
Assembled Brands is celebrating a new $5 million facility with its partners at Algenist. Founded in 2011, Algenist is a clinical skincare brand delivering anti-aging based on natural, botanical ingredients such as Alguronic Acid from algae. Naturally-sourced and sustainably-produced through biotechnology, the innovative green science respects nature, and is one of the oldest, nutrient-rich greens in the world.
TSL Express Trending Story
Featured
An Interview with Tim Knight, Senior Managing Partner, ThinkingAhead
In this installment of our series of executive interviews, Charlie Perer sits with Tim Knight (pictured) to hear his perspective on executive development, advice for lenders, the growth in the non-bank market, what every executive should be thinking about, the importance of diversity and lessons learned, among other things.
Knight is the vice president and senior managing partner with ThinkingAhead where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
TSL Express Daily Headlines & News
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New England Consulting Partners Marks Milestone Growth with Promotions
February 20, 2024New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.
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Republic Business Credit Provides Non-Borrowing Traditional Factoring Facility to Apparel Company
February 20, 2024Republic provided a non-borrowing traditional factoring facility to help reduce the company’s payment risk. Republic gave the company comfort that its shipments would be paid for in full, so the company could focus on growing its new brand.
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Norsk Hydro: Hydro Signs New USD 1,000 Million Revolving Credit Facility
February 20, 2024Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction. In addition, Danske Bank and ING acted as the Bookrunners, while BNP Paribas, Citibank, Goldman Sachs Bank, Handelsbanken, JP Morgan, Nordea Bank, and SEB participated in the transaction as Mandated Lead Arrangers.
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First Business Bank Announces Commercial Banking Promotion
February 20, 2024Schremp has more than a decade of commercial banking experience. First Business Bank hired Schremp as a credit analyst in 2013. He eventually moved to the commercial banking team.
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Mountain Ridge Capital Provides $29 Million Credit Facility Designer and Manufacturer of Plastic Injection Products
February 20, 2024Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products.
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Northleaf Leads $75 Million Senior Secured Credit Facility for Duetti
February 16, 2024Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.
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MB2 Dental Raises US$2.344bn Unitranche Debt Facility With KKR
February 15, 2024Leading dental partnership organization (“DPO”), MB2 Dental has closed a US$2.344bn unitranche debt facility with credit vehicles and accounts managed by KKR, which acted as Lead Investor and Arranger on the transaction.
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Cineplex Announces Pricing of Private Placement Notes Offering
February 15, 2024The Notes Offering is being underwritten by BMO Capital Markets and Scotiabank, as joint active bookrunning managers, in a syndicate that also includes RBC Capital Markets and TD Securities, as joint bookrunning managers, and CIBC Capital Markets and Canaccord Genuity Corp., as co-managers.
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Electrovaya Announces Increase in Credit Facility to C$22 million
February 15, 2024Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$16 million to C$22 million, with uncommitted accordions up to $4MM to increase the facility to C$26 million in the future.
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Robertshaw Takes Strategic Actions to Position the Company for Long-Term Growth
February 15, 2024Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.
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Cambridge Savings Bank Hires Ryan Bailey as New President and Chief Executive Officer
February 15, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it has hired Ryan Bailey as the bank’s new president and chief executive officer (CEO).
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TD Bank Names Don Baker Northern New England Commercial Market President
February 15, 2024TD Bank, America's Most Convenient Bank®, has named Don Baker Commercial Market President of Northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont.
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Citizens Financial Group Appoints Brendan Goode as Chief Security Officer
February 15, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June.
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Fund Finance Report Reveals Growth Outlook Despite Challenges
February 15, 2024Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.
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Bain Capital Credit Announces $2 Billion of Financing Investments in 2023
February 15, 2024Bain Capital Credit, L.P., a leading global credit specialist, today announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.
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A&G Gears Up to Seize New Opportunities in Today’s Turbulent Commercial Real Estate Market
February 15, 2024Company works with global investment bank Houlihan Lokey, Inc., to accelerate growth and provide a broader array of products and services to U.S. real estate operators facing a coming wave of distress.
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Old National Names Thurston as Corporate Banking Executive
February 14, 2024Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has announced the appointment of John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking.
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New England Consulting Partners Marks Milestone Growth with Promotions
February 14, 2024New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.
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Banks Launch $5 Billion Loan for KKR’s Cotiviti Stake Deal
February 14, 2024A group of banks launched a $5 billion leveraged loan sale on Wednesday to help finance KKR & Co.’s purchase of a stake in Cotiviti Inc., according to people with knowledge of the matter.
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Rosenthal Closes Two Recourse Factoring Deals
February 14, 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 recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.
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