- SLR Healthcare ABL Provides Financing to a Sleep Medicine Provider
- Baker Garrington and Liquid Capital Announce Recent Financings
- Buchalter Expands Corporate Practice with Emily Karr and Susan Bock as Partners in Portland
- Cambridge Savings Bank Supports Global Printing and Packaging’s Acquisition of Rocketbook
- News Detail Share Test
TSL Express Daily Articles & News
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SFNet’s Asset-Based Capital Conference (ABCC) is returning to Las Vegas, February 8 - 9, 2022 at the Encore at the Wynn in Las Vegas, NV, and will offer outstanding networking opportunities and insightful panels geared specifically for asset-based lenders in the capital markets. This conference brings together the decision makers who get deals done. A virtual attendance option supported by our online platform, SFNet Connect, will also be offered. ABCC will coincide with TMA's Distressed Investing Conference, allowing the ever-popular Joint SFNet/TMA Reception to be held again this year.
“We recognize the importance of fulfilling our purpose of bringing together the resources that put capital to work – especially in this environment,” said Richard Gumbrecht, CEO, SFNet. “We are encouraged by the positive response to holding the meeting in the safest way we can, including live streaming and outdoor networking under heat lamps. We are seeing a significant and growing number of in person registrants who are committed to a productive experience, including over 600 participants expected for the joint reception with TMA alone.”
TSL Express Daily Headlines & News
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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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January Small Business Subchapter V Elections Increase 43 Percent over Last Year
February 5, 2024Total bankruptcy filings were 36,607 in January 2024, a 17 percent increase from the January 2023 total of 31,176, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. January marks 18 consecutive months that total, individual, and commercial bankruptcy filings have registered monthly year-over-year increases.
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Gridiron Capital Portfolio Company Leaf Home™ Adds Finance Executive Tiffany Mason to Board
February 5, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Tiffany Mason has joined the board of Gridiron’s portfolio company, Leaf Home™, a leading technology-enabled provider of home improvement products and services.
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LSQ Creates $6MM AR Finance Facility for Pennsylvania IT Services Firm
February 5, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $6 million accounts receivable credit facility for a Pennsylvania-based IT services provider.
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Culain Capital Funding Closes $3,500,000 for Texas-Based Mechanical Services Company
February 5, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a mechanical services company based in Houston, TX, which recently received a $3,500,000 accounts receivable factoring facility through Culain Capital.
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Cano Health Enters Restructuring Support Agreement with a Significant Majority of its Lenders to Strengthen Financial Position
February 5, 2024Cano Health, Inc. (NYSE: CANO) ("Cano Health" or the "Company"), a leading value-based primary care provider and population health company, today announced that it has entered into a Restructuring Support Agreement (the "RSA") with lenders (the "Ad Hoc Lender Group") holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes.
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NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility
February 5, 2024NGL Energy Partners LP (NYSE: NGL) (“NGL”) through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., closed $2.9 billion of refinancing transactions, consisting of their previously announced $2.2 billion senior secured notes offering of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032, and a seven-year $700.0 million senior secured term loan facility.
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eCapital Appoints Rob Wright as Chief Product Officer to Drive Fintech Vision
February 5, 2024eCapital Corp, a leading finance provider across North America and the United Kingdom, today announced the appointment of Rob Wright as chief product officer. Wright will refine eCapital’s technology vision and product roadmap to strengthen customer experience and accelerate company growth.
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White Oak Deploys Over $1 Billion in 2023 Amidst Record ABL Volume
February 5, 2024White Oak Global Advisors, LLC (“WOGA”), a global alternative asset manager that provides senior bank lending products to middle market companies announced that, along with its Financing Affiliates (collectively “White Oak”), it deployed $1.1 billion in capital in 2023.
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Lafayette Square Provides Financing to Support Growth of Best Friends Pet Care
February 5, 2024Lafayette Square, a national investment platform, announced today that it has provided debt financing to support the acquisition-focused growth strategy of Best Friends Pet Care ("Best Friends"). Best Friends Pet Care is one of the largest pet service providers in the United States, offering boarding, grooming, training, and doggy day camp.
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Auxly Completes Amendment and Extension of Auxly Leamington Credit Facility
February 5, 2024Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company"), a leading consumer packaged goods company in the cannabis products market, today announced that it has signed a definitive agreement (the "Amendment Agreement") to amend and restate the credit facility (the "Credit Facility") between its wholly-owned subsidiary Auxly Leamington Inc. and a syndicate of lenders, led by the Bank of Montreal as administrative agent.
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U.S. Bank Index: Truck Freight Market Ends 2023 With Double-Digit Drops in Volume, Spending
February 5, 2024Fourth quarter shipments down 15.7% compared to same period a year earlier, while spending by shippers dropped 13.5%
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Comvest Partners Expands Direct Lending Platform Senior Team with Hire of David Gibson as Managing Director
February 5, 2024Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that David Gibson has joined the firm as a Managing Director. Mr. Gibson is responsible for originating, structuring and managing debt investments for Comvest Credit Partners, Comvest’s direct lending investment platform. He is based in the firm’s Chicago office.
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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.
The Secured Lender
SFNet's The Women in Secured Finance Issue



