- MN8 Energy Closes Upsize and Extension of Corporate Credit Facility to $650 Million
- Midcap Financial Provides $95 Million Credit Facility to Made By Gather
- Change in Public Policy Group Leadership at Squire Patton Boggs
- Par Pacific Announces Closing of Private Placement of $500 Million of Senior Notes and Increase and Extension of ABL
- Encina Private Credit Provides a $38.75 Million First Out Commitment As Revolver and Term Loan Lender to Support A Sponsor - Owned Portfolio Company
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Wingspire Capital Provides $230MM+ of Commitments in 1Q23
Wingspire Capital LLC is pleased to announce that it completed five transactions with cumulative commitments of more than $230 million in the first quarter of 2023.
The types and sizes of the transactions were diverse, as were the borrowers — ranging from a major cosmetics brand to a travel technology platform to a global cloud networking provider. The senior secured credit facilities included revolvers, exit financing as part of a pre-packaged bankruptcy, an add-on financing term loan, and an agented $125 million facility.
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Shifting Gears: An Interview with Hilco Global’s Betsy Ratto
Betsy Ratto is senior vice president of Hilco Capital Solutions: ReStore Capital and Hilco Corporate Finance, with responsibility to drive business for ReStore Capital and Hilco Corporate Finance. She is responsible for originating and executing corporate finance and capital markets transactions, with a focus on the retail industry and other financing transactions. She joined Hilco in fall 2021 and is based in Hilco’s Boston office.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development.
Here, she discusses her goals at Hilco, challenges and opportunities in the retail sector, differentiating yourself at a non-bank platform, and lessons learned in leadership and career development.
TSL Express Daily Headlines & News
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Republic Business Credit Provides Non-Borrowing Traditional Factoring Facility to Apparel Company
February 20, 2024Republic provided a non-borrowing traditional factoring facility to help reduce the company’s payment risk. Republic gave the company comfort that its shipments would be paid for in full, so the company could focus on growing its new brand.
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Norsk Hydro: Hydro Signs New USD 1,000 Million Revolving Credit Facility
February 20, 2024Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction. In addition, Danske Bank and ING acted as the Bookrunners, while BNP Paribas, Citibank, Goldman Sachs Bank, Handelsbanken, JP Morgan, Nordea Bank, and SEB participated in the transaction as Mandated Lead Arrangers.
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First Business Bank Announces Commercial Banking Promotion
February 20, 2024Schremp has more than a decade of commercial banking experience. First Business Bank hired Schremp as a credit analyst in 2013. He eventually moved to the commercial banking team.
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Mountain Ridge Capital Provides $29 Million Credit Facility Designer and Manufacturer of Plastic Injection Products
February 20, 2024Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products.
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Northleaf Leads $75 Million Senior Secured Credit Facility for Duetti
February 16, 2024Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.
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MB2 Dental Raises US$2.344bn Unitranche Debt Facility With KKR
February 15, 2024Leading dental partnership organization (“DPO”), MB2 Dental has closed a US$2.344bn unitranche debt facility with credit vehicles and accounts managed by KKR, which acted as Lead Investor and Arranger on the transaction.
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Electrovaya Announces Increase in Credit Facility to C$22 million
February 15, 2024Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$16 million to C$22 million, with uncommitted accordions up to $4MM to increase the facility to C$26 million in the future.
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Robertshaw Takes Strategic Actions to Position the Company for Long-Term Growth
February 15, 2024Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.
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Cambridge Savings Bank Hires Ryan Bailey as New President and Chief Executive Officer
February 15, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it has hired Ryan Bailey as the bank’s new president and chief executive officer (CEO).
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TD Bank Names Don Baker Northern New England Commercial Market President
February 15, 2024TD Bank, America's Most Convenient Bank®, has named Don Baker Commercial Market President of Northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont.
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Citizens Financial Group Appoints Brendan Goode as Chief Security Officer
February 15, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June.
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Fund Finance Report Reveals Growth Outlook Despite Challenges
February 15, 2024Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.
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Bain Capital Credit Announces $2 Billion of Financing Investments in 2023
February 15, 2024Bain Capital Credit, L.P., a leading global credit specialist, today announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.
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A&G Gears Up to Seize New Opportunities in Today’s Turbulent Commercial Real Estate Market
February 15, 2024Company works with global investment bank Houlihan Lokey, Inc., to accelerate growth and provide a broader array of products and services to U.S. real estate operators facing a coming wave of distress.
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New England Consulting Partners Marks Milestone Growth with Promotions
February 14, 2024New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.
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Rosenthal Closes Two Recourse Factoring Deals
February 14, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.
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SLR Digital Finance Closes $2 Million Revolving Credit Facility for Mobile Media & Ad Tech Company
February 14, 2024SLR Digital Finance announces the funding of a $2,000,000 asset-based revolving credit facility which incorporates tiered pricing to match and refinance an SBA loan and allows for additional growth under the revolving line of credit.
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Fora Financial Surpasses $4 Billion+ in Capital Provided to America’s Small Businesses
February 14, 2024Fora Financial, a leading provider of short-term financing to the SMB community, announces that it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible financing.
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Dechert Continues to Expand Private Credit and Leveraged Finance Capabilities with Addition of Eliot L. Relles
February 14, 2024Dechert LLP announced today the addition of Eliot L. Relles as a partner in its corporate and securities practice group, further enhancing the firm’s capabilities in leveraged finance and private credit. Mr. Relles will be based in the firm’s New York office.
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Star Mountain Capital Adds Former Dallas Fed CEO, Goldman Sachs Vice Chairman, Robert Kaplan, as Senior Advisor
February 14, 2024Star Mountain Capital, LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.
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