- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
- Origis Energy Closes $290 Million Financing for Swift Air Solar II and III Projects with Natixis CIB and Santander
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- SFNet New Member Spotlight: Cascade Credit Services, LLC
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Cambridge Savings Bank Provides Strategic Capital to Help Allen & Gerritsen Reimagine its Future
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it is supporting Allen & Gerritsen (A&G) in its effort to reimagine its work environment with a $1 million equipment line of credit. Creative and entrepreneurial in nature, Allen & Gerritsen is an independent agency specializing in creative communications, customer experience (CX), public relations and media and analytics. The firm currently has locations in Boston and Philadelphia.
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SFNet Announces Important Convention Updates and Safety Protocols
As we surpass the 600 attendee threshold for SFNet's upcoming 77th Annual Convention, we’d like to share some important updates.
TSL Express Daily Headlines & News
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Lifetime Brands, Inc. Announces Launch of an Amendment and Extension of the Company's Existing Term Loan B and Preliminary Results for Third Quarter 2023
October 25, 2023Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, announced plans today to launch an Amendment & Extension of the Company’s existing Term Loan B facility due 2025 through an extended maturity of August 2027.
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Burnham Holdings, Inc. Announces New Revolving Credit Facility
October 25, 2023Burnham Holdings, Inc. (OTC-Pink: BURCA), the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers and related HVAC products and accessories (including advanced control systems, furnaces, and radiators) for residential, commercial, and industrial applications, announced changes in its funding structure today, including a new revolving credit facility.
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RedRidge Diligence Services Joins IMA Financial Group
October 25, 2023MA Financial Group, a North American integrated financial services company specializing in risk management, retail and wholesale insurance brokerage, and wealth management, has entered a strategic partnership with Chicago-based RedRidge, expanding its suite of services for clients engaging in M&A transaction support and lender diligence. The partnership was effective on October 1.
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SG Credit Partners Announces A Senior Debt Investment in Brew Dr. Kombucha
October 25, 2023SG Credit Partners, through its SG Consumer Products Division, is thrilled to announce its partnership with the fastest growing kombucha brand in the United States, Brew Dr. Kombucha1. SG is providing debt financing to support Brew Dr.’s brand growth and bring the benefits of tasty and fizzy probiotic tea to people across the country. This announcement comes on the heels of Brew Dr.’s new packaging roll-out and flavor releases earlier this year.
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Access Capital, Inc. Announces Natasha Vaughn’s Promotion to Collateral Analyst
October 25, 2023As part of a companywide initiative focused on the development of our teams to support growth and a continuing dedication to the prosperity of our clients, Access Capital is pleased to announce that Natasha Vaughn has been promoted to the position of collateral analyst.
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MidCap Business Credit LLC Completes $11.2 Million Asset-Based Credit Facility to a Producer of Luxury Bottled and Canned Water Products
October 25, 2023MidCap Business Credit LLC, announced today that it has completed a $11.2 million asset-based credit facility to a producer of luxury bottled and canned water products, headquartered in New York, NY.
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Vision Ridge Partners Opens London Office
October 25, 2023Vision Ridge Partners (“Vision Ridge” or the “Firm”), a global sustainable real assets investor, today announced the opening of its London office to support the Firm’s global investment activity.
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LongWater Opportunities Launches Private Credit and Capital Solutions Strategy
October 25, 2023LongWater Opportunities, LLC (“LongWater”), a lower middle market alternative asset manager, today announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market. To drive the strategy, LongWater has hired a team of eight seasoned and highly successful private investment professionals who previously led and managed the Private Debt and Equity Group of Reinsurance Group of America (RGA), a global reinsurance company.
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Cadence Bank Announces Agreement to Sell the Insurance Operations of Cadence Insurance to Arthur J. Gallagher & Co.
October 25, 2023Cadence Bank ("Cadence" or the "Company") (NYSE: CADE) today announced that it entered into a definitive agreement to sell its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. ("Gallagher") (NYSE: AJG) for $904 million in cash1.
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SB360 Capital Partners Selected as Exclusive Agent for Klaussner Furniture Industries’ Inventory Disposition
October 24, 2023SB360 Capital Partners, a leading asset disposition and advisory firm, has been selected as the exclusive agent for the disposition of finished goods, work-in-process inventory, and raw materials for Klaussner Furniture Industries, Inc., an Asheboro, North Carolina-based furniture manufacturer.
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Eiffel Investment Group Supports Fives in its Sustainable Investment Strategy with a €60 Million Financing
October 24, 2023Eiffel Investment Group has announced a new financing of €60m to support in its growth plans Fives, an international leader in industrial engineering. This new financing is part of the "Obligations Relance" scheme initiated by France Assureurs and Caisse des Dépôts.
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B. Riley Appointed to Operate Z Gallerie Liquidation Sale
October 24, 2023Store closing sales have commenced at Z Gallerie retail locations nationwide. B. Riley Retail Solutions, LLC, a subsidiary of B. Riley Financial, Inc. (“B. Riley”) (Nasdaq: RILY), is operating the sale in its capacity as retail consultant in connection with the Chapter 11 bankruptcy of DirectBuy Home Improvement, Inc. (dba Z Gallerie).
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Legacy Corporate Lending Secures $100 Million Credit Facility from Wells Fargo
October 24, 2023Legacy 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 closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.
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Matthew Deibel Joins Grasshopper as Senior Vice President of Sponsor Banking
October 24, 2023Grasshopper, the client-first digital bank built for the business and innovation economy, today announced its further expansion into lending solutions for private equity firms with the addition of Matthew Deibel as Senior Vice President of Sponsor Banking. Deibel joins the Bank to lead this newest business segment and address a critical aspect of the current market and economic cycle for growth stage companies.
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HealthCare Royalty Announces Closing of Credit Facility, New Debt Focused Fund and Appointment of Josh House as West Coast Lead
October 24, 2023HealthCare Royalty (“HCRx” or the “Company”), a leading middle market royalty acquisition firm that has raised $7.6 billion in capital since inception, today announced several important firm developments:
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Cantaloupe Named “2023 Champion of Board Diversity” by The Forum of Executive Women for Third Year in a Row
October 24, 2023Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company that provides end-to-end technology solutions for self-service commerce, is honored to be recognized as a “2023 Champion of Board Diversity” by The Forum of Executive Women, a Greater Philadelphia premier women’s organization. This is the third year in a row that Cantaloupe has been honored.
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EisnerAmper’s Wilen Selected Turnaround Management Association Global President for 2024
October 24, 2023Global business advisory firm EisnerAmper announces that Allen Wilen, Partner and National Director of the firm’s Financial Advisory Services Group, has been named the Global President of the Turnaround Management Association (“TMA”) for the organization’s 2024 term.
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King Trade Capital Provides a $3MM Purchase Order Finance Line
October 24, 2023King Trade Capital (“KTC”) is pleased to announce the completion of a $3MM purchase order finance facility for an aircraft parts company based in Texas. King Trade Capital was introduced to the company by a prior Client of KTC’s, who suggested that King Trade’s expertise and financial capabilities could help them execute upon their sales growth.
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First Citizens Provides $60 Million Credit Facility for 200-Megawatt Battery Storage Project in California
October 24, 2023First Citizens Bank today announced that its Energy Finance business has served as lead agent on $60 million in financing to Gore Street Energy Storage Fund plc for the development of a 200-megawatt battery storage project located in Imperial County, California.
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First Business Bank Funds $1 Million Factoring Facility to Software Development Company
October 24, 2023First Business Bank announces that its Accounts Receivable Financing team recently funded a $1 million factoring facility to a software development company. First Business Bank’s new client specializes in developing software solutions that enhance the automation and efficiency of its customers.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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