- Hercules Capital Sets New Record with All-Time High New Debt and Equity Commitments
- Market Sizing Study
- Sallyport Commercial Finance Provides $2MM Factoring Facility to a Canadian Printing Company
- CPS Announces Credit Facility Capacity Increase
- New Era Energy & Digital Closes Multi-Tranche $290 Million Senior Secured Term Loan Credit Facility with Macquarie Group to Finance Texas Critical Data Center Flagship Project
TSL Express Daily Articles & News
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Encina Private Credit Serves as Joint Lead Arranger for $155 Million Senior Secured Credit Facility
Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as joint lead arranger and joint bookrunner for a $155 million senior secured credit facility supporting a global technology focused private equity firm for the acquisition of a leading provider of cloud-based enterprise software solutions.
TSL Express Trending Story
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On March 18, SFNet hosted a Webinar, “Cybersecurity: Evaluating and Mitigating Borrowers' Risk to Cyber Breaches”. It discussed current trends in cyber threats to commerce and the potential impact to borrowers, and the steps lenders and borrowers can take to guard against and mitigate and recovery from cyber-attacks or data breaches. Panelists focused on due diligence steps lenders should consider in assessing risk and the steps they may need in their lending agreements.
Tina Capobianco, senior vice president, J D Factors served as moderator. Panelists included Thomas J. DeMayo, principal, Cybersecurity and Privacy Advisory, PKF O'Connor Davies, LLP; Steven Teppler, of counsel, Mandelbaum Barrett P.C. and Louis Natale, chief credit officer, White Oak Commercial Finance. PFK Clear Thinking and White Oak Commercial Finance sponsored the webinar.
TSL Express Daily Headlines & News
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PineBridge Private Credit Closes Oversubscribed Third Direct Lending Fund
February 7, 2024PineBridge Investments (“PineBridge”), a private, global asset manager focused on active, high-conviction investing, today announced the final close of PineBridge Private Credit III (“Fund III”) as of 30 January 2024, as part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the Private Credit team raised $1.7 billion1 of capital in Fund III, above its target size of $1.0 billion. This latest close brings the total Private Credit platform to $5.0 billion.2
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Legacy Corporate Lending Further Expands Leadership Team with Appointment of Margaret Ceconi as Executive Vice President
February 7, 2024Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of Margaret Ceconi as Executive Vice President, Portfolio & Underwriting.
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Ocorian Expands Global Regulatory and Compliance Team With Bovill Acquisition
February 7, 2024Ocorian, the specialist global provider of financial and corporate administration services and regulatory solutions to financial institutions, asset managers, corporates and high net-worth individuals, has completed the acquisition of specialist regulatory consultancy Bovill.
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First Citizens Bank Provides $22.5 Million for Orlando Ambulatory Surgery Center
February 6, 2024First Citizens Bank today announced that it has provided $22.5 million in financing for the development of a new outpatient surgery center in Orlando, Florida.
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SMBC Americas Continues Expansion With Senior High Yield and Leveraged Finance Hires
February 6, 2024Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced the appointment of Clarke Adams as Head of High Yield Capital Markets and Matt Burke as Head of Leveraged Finance Origination. Additionally, Clarke joins Miguel Roman as Co-Head of Leveraged Capital Markets.
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Richard F. NeJame Joins England & Company to Expand Capital Structure Advisory Practice
February 6, 2024England & Company, a leading independent investment bank, announced today that Richard F. NeJame has joined the firm to enhance its Capital Structure Advisory Practice, focusing on corporate restructuring and special situations. Mr. NeJame brings over 25 years of experience advising leveraged and distressed corporate clients, as well as institutional, private equity, and other investing clients.
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Axiom Bank, N.A. Provides $10 Million for Purchaser and Collection Management of Medical Receivables
February 6, 2024Axiom Bank, N.A. announced it has provided a $10 million revolving line of credit for a company that is a purchaser and collection management of medical receivables.
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Republic Business Credit Provides $12.5 Million Asset-Based Loan to Illinois-based Food Manufacturer and Distributor
February 6, 2024In January 2024, Republic Business Credit financed a $9.0 million revolver and a $3.5 million real estate term loan for a family-owned, Illinois-based food manufacturing company.
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J D Factors Provides $7.5 Million in New Factoring Facilities to 26 New Clients in January
February 6, 2024J D Factors provided $7,555,000 in new factoring facilities to 26 new clients in the US and Canada during the month of January. Some of these facilities include: a $500,000 factoring facility for a transportation company in South Carolina; $1,500,000 factoring facility for a gas detection sensor manufacturing company in Nevada.
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First Business Bank’s Asset-Based Lending Team Funds $8 Million Credit Facility For Restructuring
February 6, 2024Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $8,000,000 revolving line of credit, equipment term loan, and a capital expenditure equipment loan to a healthy snack food manufacturer in Wisconsin for restructuring.
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Aequum Capital Provides $21.6MM in Credit Facilities to a Leading Freight Management and Logistics Company
February 6, 2024Aequum Capital is pleased to announce it recently closed $21,600,000 in credit facilities to a leading logistics and transportation organization providing hauling services to the New Mexico and Rocky Mountain Region. The credit facilities support ongoing working capital needs in the form of a working capital revolver, term loan, and a delayed draw term loan.
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AGS Successfully Completes Term Loan Repricing; Voluntarily Repays $15 Million of Its Total Debt Outstanding
February 6, 2024PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company") today announced it has successfully completed a repricing of its term loan credit facility. Among other things, the repricing removes the credit spread adjustment with respect to term loan borrowings and reduces the interest rate applied to such borrowings to the Secured Overnight Financing Rate (“SOFR”) plus 3.75%.
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Otterbourg Adds Restructuring and Bankruptcy Partner Sunni Beville
February 6, 2024Otterbourg P.C. is pleased to announce that Sunni P. Beville has joined the firm as a partner in its Restructuring and Bankruptcy Department and as a Co-Leader of its Mass Torts Bankruptcy Practice Group. Ms. Beville comes to Otterbourg from Brown Rudnick, where she was a partner in the Bankruptcy & Corporate Restructuring Practice Group.
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United Capital Funding Issues $21.25MM in Total Credit Facilities During Q4 2023
February 6, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4 of 2023.
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United Capital Funding Issues $21.25MM in Total Credit Facilities During Q4 2023
February 6, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4 of 2023
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SFNet Member Spotlight: MA Asset Management, LLC
February 5, 2024MA Financial Group (MAFG) is a ASX listed global alternative asset manager with US$5.8 billion in assets under management (AUM) specializing in private credit, real estate and hospitality.
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Golub Capital Acts as Sole Lender in Thoma Bravo Acquisition of German EQS Group
February 5, 2024Golub Capital acted as Sole Lender on a senior credit facility to support Thoma Bravo’s take private acquisition of German company EQS Group AG (“EQS”). Proceeds of the transaction will be used to fund future growth initiatives and provide capital for potential add-on acquisitions.
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Commercial Financial Consulting, LLC Announces Chrissy Crimmins as Managing Director
February 5, 2024Commercial Financial Consulting, LLC is pleased to announce that Chrissy Crimmins has joined the firm as Managing Director.
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Guardian Capital Group Limited to Acquire Sterling Capital Management LLC
February 5, 2024Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announced today that it has reached an agreement under which Guardian’s wholly-owned subsidiary Guardian Capital LLC will acquire Sterling Capital Management LLC (Sterling) from Truist Financial Corporation (Truist) (NYSE: TFC).
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Golub Capital Leads Unitranche Facility for MRH Trowe
February 5, 2024Golub Capital acted as Joint Lead Arranger on a unitranche facility to support the organic and inorganic growth strategy of German insurance broker MRH Trowe, a portfolio company of TA Associates (“TA”) and AnaCap.
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