- Wafra Announces Acquisition of Navitas Credit Corp.
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- Blair Duron Chooses TAB Bank for a $2 Million Asset-Based Lending Facility to Lay the Groundwork for Growth
- Rosenthal Capital Group Closes Two Factoring Facilities Totaling $13 Million
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Rosenthal Acquires Factoring Division of Lyon Credit Services, Expanding Capabilities, Reach Across Furniture Sector
Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced it has acquired Lyon Capital Corporation, the factoring division of Lyon Credit Services, the premier credit reporting agency in the home furnishings industry since 1876.
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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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Devonian Announces a $2.16 Million Secured Term Loan Following Repayment of $3.5 Million Long Term Loan
February 29, 2024Devonian Health Group Inc. (“Devonian” or the “Corporation”) (TSXV: GSD; OTCQB: DVHGF), a clinical stage botanical pharmaceutical corporation, focused on developing a unique portfolio of botanical pharmaceutical and cosmeceutical products, announced today that it has entered into a twelve (12) month term loan in a principal of $2,160,000 (the “Loan”) from Fiera Private Debt Inc. (“Fiera”), following the repayment of its $3,500,000 long term loan, which matured January 17, 2024. The Loan will be used for general corporate purposes.
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TAB Bank Names New CEO and President; Rick Bozzelli to Retire
February 29, 2024Following the decision of TAB Bank President and CEO Rick Bozzelli to retire, the Board of Directors has appointed Austin Strong, Chief Strategy Officer, as the new CEO and Tyler Heap, Chief Credit Officer, as President. This dual leadership structure is designed to continue TAB Bank toward sustained success, growth, and innovation to provide access to financial success for everyone.
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Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.
February 29, 2024ChargePoint (NYSE: CHPT), a leading provider of solutions for charging electric vehicles (EVs), EnTech Solutions, a division of Faith Technologies Incorporated (FTI) and a comprehensive distributed energy solutions provider, and Wells Fargo (NYSE: WFC), a leading financial services company, today announced their collaboration to offer simplified, flexible financing solutions for businesses building out charging infrastructure for EV fleets.
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Macy’s to Close 150 Namesake Stores, Prioritize Luxury Brands
February 29, 2024The announcement, accompanied with fourth-quarter results, follow a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management in December. Macy’s rejected the offer, but last week Arkhouse nominated nine directors to Macy’s board as the activist investor persists in its efforts.
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Celtic Capital Corporation Provides $1.25 Million for Manufacturer of Prefinished Doors, Trim and Custom Millwork
February 29, 2024Celtic Capital Corporation today announced its most recent new client relationship – a manufacturer of prefinished doors, trim and custom millwork for residential builders. This Company was referred to Celtic Capital by a subordinated lender to the Company that Celtic Capital has worked with previously as well as by a former client who sits on the Company’s board.
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SC&H Capital Advises Tattooed Chef in Sale of its Assets
February 29, 2024SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Tattooed Chef, Inc. (“Tattooed Chef” or “the Company”), a plant-based food company renowned for its innovative and flavorful products, has completed a sale of substantially all of its assets.
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CIBC Innovation Banking Provides Growth Capital to Drips Holdings, LLC
February 29, 2024CIBC Innovation Banking announced today that it has provided growth financing to Drips Holdings, LLC (Drips), an Akron, Ohio-based conversational outreach company that helps organizations orchestrate large scale 1:1 conversations precisely at critical moments in the customer journey.
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Titan International, Inc. Acquires Carlstar Group LLC, Enters Into a new Credit Facility
February 29, 2024Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the acquisition of Carlstar Group LLC. ("Carlstar") for approximately $296 million in a transaction consisting of cash and stock, which closed on February 29, 2024, subject to completion of the wire transfers under the purchase agreement and the issuance of the stock consideration.
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SolaREIT™ Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank
February 28, 2024SolaREIT™, a renewable energy real estate investment company, announced today that they successfully closed on a revolving credit facility with Atlantic Union Bank (AUB). This line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT™'s innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options.
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First Horizon Names Ashley Argo Deputy Chief Risk Officer
February 28, 2024First Horizon Corporation, (NYSE: FHN or "First Horizon") has promoted Ashley Argo to Deputy Chief Risk Officer. Argo has held multiple roles in her 19-year tenure with First Horizon Bank in various departments including Accounting, Credit and Risk Management.
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Thrasio Takes Steps to Strengthen Financial Position
February 28, 2024Thrasio Holdings, Inc. ("Thrasio" or "the Company") today announced that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with approximately 81% of its revolving credit facility lenders and approximately 88% of its term loan lenders that will eliminate approximately $495 million of the Company's existing debt, defer all interest payments in the first year post-emergence and infuse new capital into the Company.
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RelPro Named to Inc.’s List of Fastest-Growing Northeast Companies for Third Consecutive Year
February 28, 2024For the third consecutive year, RelPro has been recognized as one of the fastest-growing private companies in the Northeast. RelPro is ranked #115 on the Inc. Magazine 2024 Northeast Regional list published today, up from #122 in 2023. The Inc. Northeast ranking compares the performance of companies based in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
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Mitsubishi HC Capital Canada Promotes David Gagnon and Philippe Frenette to Vice President Roles
February 28, 2024Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, announces leadership promotions of David Gagnonas Vice President of the newly created Strategy and Sales Operations division, and Philippe Frenette as the new Vice President, Risk, Portfolio Management and Credit.
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SLR Business Credit Funds $50 Million Credit Facility
February 28, 2024SLR Business Credit is pleased to announce the funding of a $50 Million Asset-Based Revolving Line of Credit for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth.
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Dechert Advises Kier Group with a Resizing and Extension of its £475 million Revolving Credit Facility
February 28, 2024Dechert LLP advised Kier Group plc, a leading UK infrastructure services, construction and property group, in connection with a resizing and extension of its £475 million revolving credit facility as part of a broader refinancing of its existing facilities and private placement notes.
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Cahill Represents Lead Arrangers In $579 Million Credit Facility For Covanta Holding Corporation
February 28, 2024Cahill represented the lead arrangers in connection with $579 million of sustainability-linked incremental term loan B and term loan C credit facilities for Covanta Holding Corporation.
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MidCap Business Credit LLC Completes an $8 Million Asset Based Credit Facility to a Distributor of Ready to Assemble Wooden Furniture Frames
February 27, 2024MidCap Business Credit LLC announced today that it has completed an $8 million asset- based credit facility to a distributor of ready to assemble wooden furniture frames. The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT.
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Ares Commercial Finance Expands Presence in Michigan with Verazain as Managing Director for Business Development and Underwriting Teams
February 27, 2024Ares Commercial Finance is pleased to announce that it has expanded its presence in Michigan with the addition of Victor Verazain as Managing Director for the Business Development and Underwriting teams.
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Republic Business Credit Provides $5 Million Asset-Based Loan for Chicago-based Modern Sprout
February 27, 2024Republic provided a $5 million asset-based loan that provided additional availability on their inventory and e-commerce sales during their seasonal ramp periods.
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Lighthouse Financial Corp. Announces Promotion of Todd Miller to EVP and Chief Credit Officer
February 27, 2024Lighthouse Financial Corp. is pleased to announce the promotion of Todd Miller to Executive Vice President and Chief Credit Officer. In his new role, Mr. Miller will take on the additional responsibility of ensuring the credit worthiness of the overall portfolio of asset based loans while managing his own portfolio and serving on the credit committee.
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