- SG Credit Announces Hiring of Bill Drmacich as Managing Director, Originations
- Convene Hospitality Group Secures $230 Million Of Strategic Growth Capital
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Phoenix Service Partners Upsizes Credit Facility to Fund Continued Growth
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Hancock Whitney Establishes New Asset Based Lending Division
40-year ABL executive Mike Knuckles to lead metro Atlanta office serving U.S. South
GULFPORT, Miss. (April 3, 2023)—Hancock Whitney has established a new companywide asset based lending (ABL) division primarily serving 12 states across the southern United States. Mike Knuckles, an asset based lending executive with decades of industry experience, will lead the line of business based in suburban Atlanta, Georgia, and direct all recruiting and hiring.
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Ikhwan Rafeek is a Member in the Otterbourg P.C.’s Banking and Finance Department.
Ikhwan represents institutional lenders, banks, commercial finance companies, and factors in connection with the documentation of domestic and international secured lending arrangements, including asset-based, term loan, healthcare, real estate, middle market, leveraged, and first and second lien loan transactions. Mr. Rafeek also frequently represents secured lenders in workouts and restructurings, and in portfolio acquisitions and dispositions.
TSL Express Daily Headlines & News
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Huntington Business Credit Provides $200 Million in New Credit Facilities for Daedong-USA, Inc.
February 1, 2024Huntington Business Credit, acting as lead arranger and administrative agent, announced it closed $200,000,000 new credit facilities with Daedong-USA, Inc., on December 20, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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Clarivate Completes Refinancing of Term Loan and Revolver Extension
February 1, 2024Clarivate Plc (NYSE: CLVT) (the "Company" or "Clarivate"), a global leader in connecting people and organizations to intelligence they can trust to transform their world, announced today that it has successfully completed the refinancing of its term loan B credit facility and the extension of the maturity date of its revolving credit facility.
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Tradecycle Capital Delivers a New Accounts Payable Finance Facility For a Top Automotive Industry Supplier
February 1, 2024Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $2,500,000 revolving accounts payable funding facility for a tier one automotive industry supplier with a focus on exterior features whose clients include Ford, Toyota and GM.
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A&G Accepting Offers for Below-Market Industrial Lease in Sacramento
February 1, 2024A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced that it is now accepting offers for the sale and assignment of a flexible, below-market lease for a large warehouse and distribution center in Sacramento, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
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LSQ Creates $3MM AR Finance Facility for Auto Parts Manufacturer
February 1, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million account receivable credit facility for a Georgia-based auto parts manufacturer.
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CohnReznick Elects 24 Professionals to Partner/Principal
February 1, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has elected 24 professionals to its partnership, effective February 1, 2024. The newly elected partners bring expertise across advisory, assurance, and tax and play integral roles in our industry groups, driving the firm’s world-class client service.
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Gordon Brothers Supports Kirkland’s Strategic Repositioning with $12M Term Loan
February 1, 2024Gordon Brothers, the global asset experts, is supporting Kirkland’s Inc.’s strategic repositioning efforts with a $12 million first-in last-out delayed draw term loan. When drawn, the U.S. home décor and furnishings retailer operating under the Kirkland’s Home brand will use the loan to provide additional liquidity for ongoing working capital needs.
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Trinity Capital Inc. Provides $15 Million Venture Debt Facility to Kafene
February 1, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $15 million in growth capital to Kafene, a point-of-sale platform that helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.
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Barnes & Thornburg Adds Commercial Finance Team Led By Partners Rick Boyd And Tyler Wolf
February 1, 2024Barnes & Thornburg announced today that a commercial finance team led by partners Rick Boyd and Tyler Wolf has joined the firm’s Corporate Department. Team members include Doug Plante, of counsel, Greg Preston, an associate, and Janelle Julyan, a senior paralegal.
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Another Successful Exit - Flatbay Capital’s CRE Loan Provides Liquidity to Help American Battery Solutions Bridge Into a Komatsu Acquisition
February 1, 2024In January 2023, American Battery Solutions (ABS), a Michigan-based company that specializes in the development of lithium-ion battery systems for electric vehicles, sought alternative financing solutions to address their capital requirements. The company, which started operations back in 2019, had successfully diversified its product line to include offerings for commercial, light, and marine electric vehicles. In order to finance their manufacturing plant, they turned to Flatbay Capital.
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Golub Capital Leads $2.11 Billion Unitranche Facility for Aptean
January 31, 2024Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities. Aptean is a leading global provider of mission critical, vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.
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Webster Financial Corporation Announces Executive Changes, Effective as of February 1, 2024
January 31, 2024On January 24, 2024, Webster Financial Corporation appointed Luis Massiani, currently President and Chief Operating Officer of Webster Bank, N.A., as the Company?s President and Chief Operating Officer, effective as of February 1, 2024, to serve in such capacity until his successor is duly appointed, or his earlier termination, resignation, death or removal from office.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Clearview Capital’s Investment in AdCellerant LLC.
January 31, 2024Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates participated in providing senior debt financing and an equity co-investment in support of Clearview Capital’s (“Clearview”) investment in AdCellerant (“AdCellerant” or the “Company”), a provider of outsourced digital marketing software and services.
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Wolters Kluwer Survey Shows Preparedness Trending Upward for U.S. Corporate Transparency Act Compliance
January 31, 2024Small businesses, legal and compliance professionals are increasing their levels of readiness to comply with new U.S. beneficial ownership reporting requirements, according to the results of a new poll by Wolters Kluwer CT Corporation. The results reflect responses from more than 5,100 attendees and those surveyed during Wolters Kluwer’s January 23, 2024 beneficial ownership webinar.
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Cambridge Savings Bank Supports Acquisition of Melrose Affordable Housing Corporation’s New Property with Strategic Lending Package
January 31, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided the Melrose Affordable Housing Corporation (MAHC) with a 30-year, $500,000 commercial mortgage loan. The MAHC is a local nonprofit organization committed to establishing safe and affordable housing options for low- and moderate-income individuals who desire to live in Melrose.
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Tradewind Finance Continues Commitment to Financing Textile and Apparel Industry with Two New Credit Facilities
January 31, 2024In addressing the working capital requirements of doing business, Tradewind today announced funding for two new clients within the apparel and textile market, further extending its reach in the segment. Through the new client relationships, Tradewind continues to improve liquidity and enable trade for companies by converting their unpaid receivables into ready cash.
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Celtic Capital Provides Funding for a Fabricator of Metal Parts
January 31, 2024They approached us looking for financing to acquire the stock of this successful enterprise. Celtic Capital provided a $2,200,000 Accounts Receivable Line of Credit, a $500,000 Inventory Line of Credit and a $414,000 Equipment Loan to assist with the purchase.
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Second Avenue Capital Partners Supports Brixton with New $15 Million Credit Facility
January 31, 2024Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of asset-based loans and credit facilities, announced today it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered in Oceanside, California. The credit facility will be instrumental in optimizing Brixton’s working capital and fueling its continued growth in the competitive fashion industry.
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WELL Health USA Announces Successful Refinancing of US $300M Credit Facility with JPMorgan Chase Bank, N.A., Demonstrating a Healthy Balance Sheet and Substantial Room for Growth
January 31, 2024WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has closed the refinancing of a new credit facility for its subsidiary, WELL Health USA led by JPMorgan Chase Bank, N.A.
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Blue Bridge Financial Extends Senior Credit Facility with DZ BANK
January 31, 2024Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, announced the closing of a one-year extension of its $135 million revolving credit facility with DZ BANK.
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