- Heritage Global Valuations Appoints Elise DiBenedetto as Director of Business Development
- Clifford Chance Accelerates US Growth With Partner Adriana Zhan
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Garnet Capital Completes $2.9 Billion Loan Portfolio Liquidation for Chapter 7 Bankruptcy Trustee
- Mesabi Metallics Secures $150 Million from Macquarie Group
TSL Express Daily Articles & News
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SFNet Reaches Out to Leading Trade Associations Regarding Banking Crisis
In letters to officials at leading US industry vertical trade associations, including the National Association of Manufacturers and National Retail Federation, SFNet President Jennifer Palmer and CEO Richard Gumbrecht, offered support to their membership in light of the recent disruption sparked by the SVB collapse. The outreach comes at a tumultuous time for many borrowers and extends “economic lifelines” to current and prospective borrowers.
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Jimmy Dixon, a principal with Oliver Wight Americas, has over 30 years of experience in the pharmaceutical, energy, and industrial sectors. He will be a panelist on the Supply Chain Moves Front and Center panel during SFNet’s Asset-Based Capital Conference in Las Vegas next week. His diverse background includes strategy development, execution, and measurement; business planning and analysis; supply chain management; as well as other corporate development activities. Jimmy’s experience includes diverse business situations such as mergers and acquisitions, turnarounds, and accelerated growth both in private and publicly traded companies.
TSL Express Daily Headlines & News
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Encina Private Credit Provides First Out Credit Facility to Support H.I.G. Capital in The Acquisition of Penhall Company
January 9, 2024Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Administrative Agent and Collateral Agent for a Senior Secured Credit Facility supporting H.I.G. Capital’s acquisition of Penhall Company (“Penhall” or the “Company”), North America’s largest provider of specialty concrete services. Marathon Asset Management led the facility.
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Monroe Capital Supports TJM Capital Partners’ InCompass™ Add-on Acquisitions
January 9, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth and add-on acquisitions of Bridgeport and Newman Whitney (“Newman”) by InCompass™, an existing portfolio company of independent sponsor TJM Capital Partners.
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B. Riley Securities Serves as Lead Bookrunner to Diversified Healthcare Trust in $941 Million Senior Secured Notes Offering
January 9, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as lead left bookrunner to Diversified Healthcare Trust (Nasdaq: DHC) in its $941 million zero coupon senior secured notes offering.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Summit Park’s Acquisition of Michelli Weighing & Measurement
January 9, 2024Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Summit Park’s acquisition of Michelli Weighing & Measurement (“Michelli” or the “Company”), a leading provider of test and measurement services and equipment.
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MidFirst Bank Extends Western Expansion with Entrance into Nevada Market
January 9, 2024MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market. This effort is led by Michael Pizzi, who will serve as Senior Vice President and Nevada Market Executive, and a team of bankers from Bank of Nevada who have extensive area expertise, deep regional relationships and a proven track record of delivering exceptional support to their customers and the communities they serve.
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Pebblebrook Hotel Trust Extends 2024 Term Debt to 2028 and Reduces Total Debt
January 8, 2024Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) today announced the successful extension of approximately $357 million of its $460 million October 2024 maturity term loan to 2028.
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Moritt Hock & Hamroff Welcomes Sean E. Mitchell
January 8, 2024Moritt Hock & Hamroff announced today the addition of Sean E. Mitchell to its Fort Lauderdale office, illustrating the firm's continued growth and expansion in Southeast Florida. Mr. Mitchell joins the firm as Counsel in its Secured Lending and Real Estate Practice Groups.
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FGI Risk Grows Midwest Presence with Addition of Greg McBride
January 8, 2024FGI Worldwide LLC (www.FGIWW.com) (“FGI”), a global leader in the commercial finance industry, has announced the hiring of Greg McBride as Director, FGI Risk. Based out of the Chicago office, Mr. McBride will focus on originating new business opportunities for FGI’s credit insurance brokerage and risk advisory division by developing relationships throughout the Midwest.
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Great Rock Capital Closes $46.3MM Term Loan Facility
January 8, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $46.3 million senior secured term loan for a fast-growing equipment management, leasing, and technology company.
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Rosenthal’s West Coast Team Closes Four Transactions Totaling Nearly $30 Million in Final Stretch of 2023
January 8, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of four factoring and asset-based lending transactions totaling nearly $30 million.
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Iron Horse Credit Provides a $1.5 Million Inventory Line of Credit to an E-commerce Retailer of Pet Care and Food Products
January 8, 2024Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $1,500,000 stand-alone inventory revolving line of credit to an online pet care and food retailer.
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Ares Commercial Finance Adds Principal to Business Development and Underwriting Teams
January 8, 2024Ares Commercial Finance is pleased to announce that Ian Maccubbin has joined its Business Development and Underwriting teams as a Principal. Mr. Maccubbin will be based in Boston and will assist in covering the Northeast market, where he will have cross-functional business development and underwriting responsibilities.
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North Mill Makes Holiday Season Brighter for Those In Need
January 8, 2024North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender headquartered in Norwalk, Connecticut, raised $20,000 in charitable contributions through the holiday season. The proceeds will be distributed to Future 5, a platform that supports under-resourced high school students in Stamford, Connecticut, and Lucky Dog Refuge, a retreat for dogs in dire need of care.
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Tradecycle Capital Funds a new $3,000,000 Revolving Accounts Payable Funding Facility for a Distribution Company
January 8, 2024Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $3,000,000 revolving Accounts Payable funding facility for a distribution company that provides consumer products to travel centers, convenience stores and other retail outlets.
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Radio Broadcaster Audacy Files for Chapter 11 Bankruptcy
January 8, 2024Audacy, the struggling multi-platform audio content company, has begun prepackaged Chapter 11 bankruptcy proceedings in US Bankruptcy Court for the Southern District of Texas, the company announced Sunday.
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Thoma Bravo Completes Strategic Investment in BlueMatrix, Debt Financing Provided by Golub Capital
January 8, 2024Thoma Bravo, a leading software investment firm, today announced the completion of its strategic growth investment in BlueMatrix, a leading end-to-end content creation and distribution platform for investment research providers.
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eCapital Upsizes Bank Line, Surpassing $1.6 Billion to Fuel Growth
January 8, 2024eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., closed a $245 million increase to the syndicated bank line supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $815 million.
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Garnet Capital Expands Partnership for First Time in 20-Year History
January 8, 2024Garnet Capital Advisors, a leading broker of loan portfolios, is excited to announce the addition of two new partners to their ownership structure: Magda Kielar and Andy Carlson. This elevation of two long-term Garnet professionals to partner level demonstrates Garnet Capital's continuing commitment to growth and innovation.
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EdgeCore Digital Infrastructure Completes $1.9 Billion Debt Financing to Enable Continued Growth and Development of its Flagship Data Center Campus in Greater Phoenix
January 8, 2024EdgeCore Digital Infrastructure, a wholesale data center developer, owner and operator, today announced the completion of a $1.9 billion debt financing transaction to fund scalable development on its data center campus in Mesa, Arizona.
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Core Scientific, Inc. Announces Full Pay Down of Debtor-in-Possession Financing
January 8, 2024-Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced it has pre-paid the outstanding balance on the debtor-in-possession (“DIP”) financing package provided by B. Riley Financial (NASDAQ: RILY), the Company’s DIP lender.
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