TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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SLR Credit Solutions Agents Term Loan and Wells Fargo Provides Line of Credit For Skullcandy®
Massachusetts – SLR Credit Solutions (“SLR CS”) announced the closing of a secured first lien term loan in concert with a new revolving line of credit from Wells Fargo for Skullcandy, Inc.® (“Skullcandy”) or the (“Company”).
Proceeds from the financing were used to refinance existing debt and provide enhanced flexibility.
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Mentoring or “Holding the door for those entering behind you”
Unless you’re the most junior person in your work environment, everyone should mentor their less-experienced team members. Helping them learn should be as natural an effort as holding the door for those entering a room behind you. These efforts will create experienced individuals with broad-based perspectives on how to approach their responsibilities within the secured lending industry. Leaders within SFNet member organizations generally agree there is a lack of “bench strength” in the secured lending industry. Greater preponderance of mentoring would tie junior people more to their organizations and to the industry as a whole.
TSL Express Daily Headlines & News
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Cambridge Savings Bank Hires Industry Veteran as the New Head of Consumer and Small Business Banking
June 4, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, is pleased to announce that Angela Conti will be joining the leadership team as Head of Consumer and Small Business Banking.
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Beacon Pointe Advisors Expands Pacific Northwest Presence with Joslin Capital Acquisition
June 4, 2024Beacon Pointe Advisors ("Beacon Pointe") announces its recent partnership with Joslin Capital Advisors ("Joslin Capital"). Based in Redmond, Washington, Joslin Capital is Beacon Pointe's second RIA acquisition of 2024 and brings approximately $775M in client assets under advisement to Beacon Pointe.
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Nassau Financial Group and Golub Capital Announce Strategic Partnership
June 4, 2024Nassau Financial Group (“Nassau”), a leading provider of fixed annuities and asset management, and Golub Capital, a market-leading direct lender and experienced credit asset manager, today announced they have signed a definitive agreement to enter into a strategic partnership.
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Legacy Corporate Lending Appoints Carlos Acedo as Vice President of Finance
June 4, 2024Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it has appointed Carlos Acedo as the Company’s Vice President of Finance. Mr. Acedo will report to Legacy Chief Executive Officer Clark Griffith and will play a key role in shaping the financial strategies of the company.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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SFNet New Member Spotlight: Lenders Funding, LLC
June 3, 2024Since early 2000, our customized participation and lending programs allow our factors and ABL to service larger transactions than concentration limitations or capital allows.
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UMB Capital Finance Provides a $22,500,000 Credit Facility for the Recapitalization of a Food Processor in Texas
June 3, 2024UMB Capital Finance has announced the closing of a $22,500,000 senior credit facility for a Texas-based food processing business. The company was acquired in an all-equity transaction by a private investor group in late 2023.
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Mountain Ridge Capital Provides $30.8 Million Credit Facility to Wood Products Distribution Company
June 3, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $30.8 million senior secured credit facility to a midwestern-based premier manufacturer and distributor of cabinet components and wood products for the Recreational Vehicle, cabinetry, and residential kitchen & bath industries.
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Stonebriar Commercial Finance Commits $300 Million Capital to Accelerated Mobile Power for Mobile Power Generation Asset Acquisition
June 3, 2024Stonebriar is pleased to announce a substantial capital commitment of $300 million to Accelerated Mobile Power ("AMP"), facilitating the acquisition of leading-edge low emissions mobile power generation assets. This strategic partnership underscores Stonebriar's dedication to driving economic growth and advancing technological innovation.
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Great Rock Capital Upsizes Corporate Note
June 3, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, is pleased to announce the recent upsize of its investment-grade corporate note financing.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May. Some of these facilities include: a $500,000 factoring facility for a transportation company in Pennsylvania; a $250,000 factoring facility for a packaging & warehouse company in Ontario; a $500,000 factoring facility for a transportation company in Colorado.
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Holland & Knight Grows Southern California Finance Practice With Additions of Paul Severin, Kristin Bacchus and Patricia Whitten
June 3, 2024Finance attorneys Paul Severin, Kristin Bacchus and Patricia Whitten have joined Holland & Knight’s nationally recognized Financial Services Practice Group in Los Angeles as partners. They were previously partners with Loeb & Loeb, where Mr. Severin recently served as Vice Chair of the firm.
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Air Industries Group Reports Amendment to Loan Agreement with Webster Bank
June 3, 2024Air Industries Group (“Air Industries”) (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today reported that it has reached an agreement with Webster Bank, its primary lender to amend the Company’s Current Credit Facility.
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Mercantile Bank Corporation Implements Management Succession Plan
June 3, 2024Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced management succession plan, effective as of June 1, 2024:
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