TSL Express Daily Articles & News
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Bed Bath & Beyond Files for Bankruptcy Protection After Failed Turnaround Efforts
Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money to keep the company alive
Sixth Street has agreed to lend Bed Bath $240 million in debtor-in-possession financing so the company can have the cash flow necessary to support operations through the bankruptcy process. Bed Bath said it plans to continue to pay employees wages and benefits, maintain customer programs and honor obligations to vendors.
Sixth Street has agreed to lend Bed Bath $240 million in debtor-in-possession financing so the company can have the cash flow necessary to support operations through the bankruptcy process. Bed Bath said it plans to continue to pay employees wages and benefits, maintain customer programs and honor obligations to vendors.
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Maryland Financial Disclosures Bill Dies in Committee
Leslie J. Polt, Esq., Adelberg Rudow, provided the following analysis of Maryland’s Commercial Financing Transactions Act (SB825). He can be reached at lpolt@adelberg.com.
SFNet will continue to track this along with all other state disclosure legislation and work to influence favorable outcomes for our industry.
TSL Express Daily Headlines & News
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The Hedaya Capital Group Welcomes David Huber as Vice President, Portfolio and Operations Manager
March 6, 2024The Hedaya Capital Group, a leading provider of flexible factoring and working capital solutions, is pleased to announce that David Huber has joined the Company as Vice President, Portfolio and Operations Manager. In this role, he will manage and oversee the Company’s factoring client portfolio, manage the account executive and operations teams, and foster a collaborative and high-performance team culture.
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Lendscape Strengthens Commercial Team with New Appointment
March 6, 2024Lendscape, a leading technology provider for all forms of secured finance, has announced the appointment of Chris Coleman as Regional Commercial Director.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February. Some of these facilities include: A $400,000 factoring facility for a transportation company in Nebraska and a $1,500,000 factoring facility for a transportation company in Illinois.
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Crown Partners Arranges $82.5 Million Senior Financing for Signature Brands
March 5, 2024Crown Partners announces the successful arrangement of $82.5 million of senior debt for Signature Brands, LLC (“Signature Brands”), a portfolio company of Traub Capital Partners. The firm served as exclusive financial advisor to Signature Brands in connection with this transaction.
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Beloved Crafts Retailer is on the Brink of Chapter 11 Bankruptcy
March 5, 2024A major U.S. crafts retailer, based in Hudson, Ohio, could be headed for bankruptcy soon. Joann Inc. is considering filing Chapter 11 bankruptcy, which could happen as soon as next week, as part of a deal that would give control of the company to lenders while allowing the company to shed its debt, Bloomberg reported.
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Kuber Announces Increase of Credit Facility to $100 Million
March 5, 2024Kuber Mortgage Investment Corporation ("Kuber" or the "Company") is pleased to announce an increase to its revolving credit facility (the "Credit Facility") from $80 million to $100 million with continued support by two of Canada's largest banks, effective March 1, 2024.
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Armata Pharmaceuticals Announces $35 Million Secured Credit Agreement with Innoviva
March 5, 2024Armata Pharmaceuticals, Inc. (NYSE American: ARMP) ("Armata" or the "Company"), a biotechnology company focused on pathogen-specific bacteriophage therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections, today announced that it has entered into a secured credit agreement with Innoviva Strategic Opportunities LLC, a wholly-owned subsidiary of Innoviva Inc.
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CFG Merchant Solutions Upsizes Corporate Note to $30.0 Million
March 5, 2024CFG Merchant Solutions, LLC (“CFGMS” or the “Company”), a technology-enabled specialty finance and alternative funding provider, announced the upsize to $30.0 million of its investment-grade corporate note. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.
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SLR Equipment Finance Expands its Funding Capabilities and Announces its new Partnership with Bank of America and Truist Bank
March 5, 2024SLR Equipment Finance is pleased to announce the closing of a new $350 million credit facility with Bank of America, N.A. and Truist Bank to support the growth of its equipment finance business over the next several years.
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J D Factors Announces $8,875,000 in new Factoring Facilities to 31 new Clients in February
March 5, 2024J D Factors provided $8,875,000 in new factoring facilities to 31 new clients in the US and Canada during the month of February. Some of these facilities include: A $400,000 factoring facility for a transportation company in Nebraska and a $1,500,000 factoring facility for a transportation company in Illinois.
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SG Credit Partners Announces a Senior Debt Investment in PrepMD
March 5, 2024SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with PrepMD, the premier cardiac healthcare solutions company. PrepMD is transforming global cardiac care by combining clinical excellence and technological innovation.
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Garrington Capital Provides $1.6 Million Term Loan to Support Acquisition of Equipment Rental Company
March 5, 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 $1.6 million senior secured term loan (the “Loan”) to a support a buyer’s acquisition of a Pecos, Texas-based equipment rental business. The acquirer is a new, Dallas-based private equity sponsor.
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Lighthouse Provides $4,500,000 Credit Facility to an OH-Based Distributor of Lighting Products
March 5, 2024Lighthouse Financial Corp. is pleased to announce the completion of a $4,500,000 Credit Facility to an Ohio-based distributor of lighting products. The company prides itself as "your one-stop shop for lighting products".
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First Citizens Bank Provides $1 Million Line of Credit to MC Nutraceuticals
March 5, 2024First Citizens Bank today announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of the largest global suppliers of hemp-derived cannabinoids.
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Monroe Capital Selected as 2023 Lower Mid-Market Lender of the Year and CLO Manager of the Year by Private Debt Investor
March 5, 2024Monroe Capital LLC (“Monroe”) was selected as the recipient of two separate Private Debt Investor (“PDI”) awards, including the 2023 Lower Mid-Market Lender of the Year and CLO Manager of the Year (Americas).
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