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- Rep. Kim Questions BPI's Baer on ABL Risk Differentiation in Basel III Reproposal and Urges Tweaks to Basel Proposal
- BHI Appoints Gurpreet Bal as Chief Information Officer
- Encina Private Credit Provides First Out Tranche, Serves as Administrative and Collateral Agent for Soulshine Farms
- Trinity Capital Receives SBIC License from US SBA
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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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Members of SFNet’s Factoring Committee Discuss Sources of Business, Supply Chain Issues and More
TSL’s editor-in-chief sat down with several members of the SFNet Factoring Committee to review the current landscape in early 2022. Participants include Carol Apicella, senior vice president, BankFinancial Government Finance; Tina Capobianco, senior vice president, J D Factors Corporation; Dan Karas, executive vice president, Allied Affiliated Funding; Kevin Laborde, president, Cash Flow Resources; and Paul Schuldiner, executive vice president & chief lending officer, Rosenthal & Rosenthal, Inc.
TSL Express Daily Headlines & News
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Stellus Capital Management, Llc Provides Unitranche Financing and Equity Co-Invest in Support Of Interlock Equity’s Investment in Evolv Consulting
January 24, 2024Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Interlock Equity’s (“Interlock”) investment in evolv Consulting (“evolv” or the “Company”), a leading data-driven digital consulting firm.
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Capital Markets Partner Megan Penick Joins Dorsey in New York City
January 24, 2024Megan Penick has joined Dorsey & Whitney LLP as a Partner in the Capital Markets group in New York City, the international law firm announced today.
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dentalcorp Announces Extension of Maturity of Credit Facility
January 24, 2024dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s leading network of dental practices, today announced an extension to its existing syndicated senior secured credit facility with a consortium of banks, led by CIBC Capital Markets and TD Securities.
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Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management
January 24, 2024Sunbit, the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.
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SG Credit Partners Announces a Senior Debt Investment in AudioEye
January 23, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with AudioEye. AudioEye is a market leader in the website accessibility space that combines the latest AI automation technology with guidance from certified experts and direct input from the disability community to help businesses of all sizes - including over 106,000 customers like Samsung, Calvin Klein, and Samsonite - achieve accessibility.
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Aequum Capital Provides $7.1MM in Credit Facilities to a Leading Heavy-Duty Commercial Vehicle Towing Company
January 23, 2024Aequum Capital is pleased to announce it recently closed $7,100,000 in credit facilities to support Kepler Capital's acquisition of a dominant regional heavy-duty commercial vehicle towing company. The credit facilities include a working capital revolver, cash flow based term loan, and delayed draw term loan to support future growth.
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Houlihan Lokey Adds to Capital Markets Team With Veteran Hire
January 23, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Hommeyer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Hommeyer will spearhead a new syndicate function that focuses on expanding the firm’s investor coverage, distribution capabilities, and market insights as they pertain to U.S. private credit placements.
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Star Mountain Capital Bolsters Secondaries Team Adding Former $500+ Billion in Assets Truist Bank’s Head of Private Capital Manager Research, Ravi Ugale, as a Managing Director
January 23, 2024Star Mountain Capital, an employee-owned, specialized private credit and secondaries investment manager with ~$4 billion in assets under management targeting systematic alpha and low market correlated returns for its clients announced that Ravi Ugale has joined as a Managing Director to further bolster its Secondaries, governance, reporting and client partner team.
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Bennett Named Executive Director of External Affairs at First Citizens Bank
January 23, 2024First Citizens Bank announced today the appointment of James Bennett as executive director of External Affairs. In this newly created position, Bennett, a seasoned First Citizens banker, is now responsible for nationwide community engagement as well as strengthening relationships with state and federal government officials, members of Congress, trade groups and other public policy stakeholders.
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Citizens Holding Company Announces Sale and Leaseback Transaction
January 23, 2024Citizens Holding Company (the “Company”) (OTCQX:CIZN), the holding company for The Citizens Bank of Philadelphia (the “Bank”), today announced it has executed an agreement for sale-leaseback of 3 of its currently owned properties.
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Culain Capital Funding Closes $3MM Factoring Facility, Enabling New York Mechanical Services Company to Acquire Another Firm
January 23, 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 NY, which recently received a $3MM accounts receivable factoring facility through Culain.
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Ormat Technologies Secures $75 Million From BHI to Help Fund The Company’s Acquisition of Enel Group’s U.S. Geothermal Portfolio For $271 Million
January 23, 2024BHI, a full-service commercial bank, announced that it has entered into an agreement with Reno, Nevada-based Ormat Technologies (NYSE: ORA) to provide a new $75 million term loan for the company.
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Zions Bancorporation Completes Asset-Based Lending Deal With North American, Distributor
January 23, 2024Zions Bancorporation, N.A., through its Utah division, Zions Bank closed and funded a $50MM credit facility for a distributor of oil and natural gas and service company. The credit facility consisted of a multi-year revolving line of credit.
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Zions Bancorporation Completes Asset-Based Lending Deal with a North American Distributor of Control Valves
January 23, 2024Zions Bancorporation, N.A., through its Texas division, Amegy Bank, closed a $12,000,000 credit facility for a distributor of control valves, actuators, and related equipment for various industries. The credit facility consisted of a $10,000,000 multi-year revolving line of credit and a $2,000,000 term loan facility.
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Garrington Capital Announces $8.3 Million Term Loan to a Regional Trucking Company
January 23, 2024Garrington Capital (garringtoncapital.com), a leading provider of capital solutions to middle-market companies in the United States and Canada, is pleased to announce the closing of a $8.3 Million Senior Secured Term Loan (the “Loan”) to a third-generation, family-owned short/long-haul regional trucking company.
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Babcock & Wilcox Enterprises Announces New $150 Million Senior Secured Credit Facility; Reaffirmed Credit Rating of BB+
January 23, 2024Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) today announced that, effective January 18, 2024, it has entered into a new three-year senior secured credit agreement with Axos Bank (“Axos”) under which Axos has provided an asset-based revolving credit facility of up to $150 million that can be used to support letters of credit, renewable energy growth initiatives and potential accretive business purposes.
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As It Begins its Thirteenth Year, Abacus Finance Announces the Promotions of Joseph Lee to Senior Vice President and Austin Rendell to Vice President and the Hiring of Matthew Campanella as an Analyst
January 23, 2024Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies, today announced the promotions of Joseph Lee to Senior Vice President and Austin Rendell to Vice President and the hiring of Matthew Campanella as an Analyst.
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GoodRx Announces Proposed Refinancing of First Lien Credit Facilities
January 22, 2024GoodRx Holdings, Inc. (Nasdaq: GDRX) (“GoodRx” or the “Company”), the leading destination for prescription savings, today announced its intention to refinance its first lien credit facilities.
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Rodwick Joins CohnReznick as Financial Services Tax Partner
January 22, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Peter Rodwick, CPA has joined the firm as a tax partner in its Financial Services practice. Based in Los Angeles, Rodwick has nearly two decades of experience providing tax services to large and mid-size alternative investment funds and their management companies.
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Alleon Healthcare Capital Provides a $5,000,000 Debtor in Possession Financing ABL to a Texas-based Specialty Pharmacy
January 22, 2024Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 debtor in possession asset-based loan to a specialty pharmacy in Texas (“Company”).
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