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- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- The Hedaya Capital Group Powers Client Growth With $33 Million in 2026 Factoring and Inventory Financing Facilities
- Gordon Brothers Closes Inaugural $265M Equipment Finance Securitization
- eCapital Named on the 2026 Inc. 5000 List of America’s Fastest-Growing Private Companies for Fourth Year in a Row
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CIT Commercial Services Announces New Appointments
Tom Fingleton, who has served as Northeast regional manager since March 2019, has been named chief strategy officer. Moving into the role as Northeast regional manager is Amna Mahmood, a managing director who has served as Commercial Services’ national underwriting manager since 2019. Succeeding Mahmood in the role of national underwriting manager is Daniel Goll.
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Six Actions Your Retail Clients Can Take Now to Counter Economic Volatility
After historic GDP growth and retail sales in 2021, are the days of unprecedented growth over for your retail clients? The short answer: It’s complicated.
If the last two years have shown us anything, it is that uncertainty is the new normal. When COVID shut down the economy in March 2020, the impact on the retail sector was profound. In some parts of the country, brick and mortar stores were closed for up to 90 days and in-person sales ground to a halt for all but the most essential items.
TSL Express Daily Headlines & News
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Monroe Capital Supports Wind Point Partners’ Acquisition of MOREgroup, Inc.
April 30, 2024Monroe Capital LLC today announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MOREgroup, Inc. (“MOREgroup”) by private equity sponsor Wind Point Partners.
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Accord Financial Drives $25M Facility for Plastics Manufacturer
April 30, 2024Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD), announces the closing of a $25 million credit facility to help a plastics manufacturer support new business contracts as well as complete a strategic business acquisition.
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Golub Capital Launches Insurance Solutions Team
April 30, 2024Golub Capital today announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners. Jennifer Potenta has joined the Firm to lead this newly formed team as Managing Director, Head of Insurance Solutions.
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KKR’s Henry McVey Says Insurance CIOs Plan to Increase Allocations to Non-Traditional Assets
April 30, 2024KKR, a leading global investment firm, today released “No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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UMB Announces Agreement to Acquire Heartland Financial
April 30, 2024UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial, USA Inc. (Nasdaq: HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion.
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Private Equity and Venture Capital Industry Shows Resilience and Optimism in 2024 Amidst Shifting Market Dynamics According to S&P Global Market Intelligence Survey
April 30, 2024The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook.
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Rocky Brands, Inc. Announces Comprehensive Debt Refinancing
April 30, 2024Rocky Brands, Inc. (NASDAQ: RCKY), a leading designer, manufacturer and marketer of premium quality footwear and apparel, today announced the signing of a definitive debt refinance agreement with Bank of America, as agent.
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Scotiabank Appoints Travis Machen to Lead Global Banking and Markets Business
April 30, 2024Scotiabank today announced that Travis Machen has been appointed CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024.
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Slim Capital Achieves Impressive Record Braking First Quarter Milestones with Significant Growth
April 30, 2024SLIM Capital, headquartered in Beverly Hills, California, a distinguished leader in the finance industry, is thrilled to announce a groundbreaking quarter, with Q1 2024 witnessing an exceptional surge in origination volume and a record-breaking influx of deal submissions.
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Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$2.5M -Contemporary Fashion Brand
April 30, 2024Dwight Funding, a modern asset-based lender providing flexible working capital to consumer brands, announced new transactions.
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NOG Announces Expansion of Revolving Credit Facility
April 29, 2024Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, NOG entered into an amendment to the Facility that leaves the borrowing base unchanged at $1.8 billion and increases the elected commitment amount to $1.5 billion (from $1.25 billion).
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LSQ Creates $20MM Invoice Finance Facility for Ohio-based Aerospace Tooling Manufacturer
April 29, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer.
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ExpoCredit Selects FGI T.R.U.S.T.™ for Credit Insurance Policy Administration
April 29, 2024FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that ExpoCredit Financial Group (“ExpoCredit”), a leading invoice factoring company since 1998, has selected FGI’s T.R.U.S.T.™ platform to automate the monitoring, managing and maintenance of internal and client-held credit insurance policies.
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Moritt Hock & Hamroff Sees Continued Growth With The Addition Of Three Attorneys To Its New York Offices
April 29, 2024Moritt Hock & Hamroff announced today the addition of three attorneys continuing the growth that the firm has experienced over the past year.
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Josh Register Joins United Capital Funding as Business Development Officer
April 29, 2024United Capital Funding Group LLC, a Florida-based accounts receivable financing firm and leading provider of accounts receivable factoring solutions, proudly announces the appointment of Josh Register as Business Development Officer. In his role, Register will spearhead the company's expansion efforts in Florida, with a primary focus on the state’s key markets – the Tampa Bay area, Jacksonville, Miami, and Orlando.
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First Citizens Names Sana Moheet Relationship Manager for Middle Market Banking
April 29, 2024First Citizens Bank today announced that its Middle Market Banking group has named Sana Moheet as a relationship manager focused on building new business in Texas and the surrounding areas.
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Santander Continues to Grow its Commercial Bank in the U.S.; Strengthens Multifamily Real Estate Portfolio and Leadership Team
April 29, 2024Santander Bank, N.A. (“Santander Bank” or “the Bank”) announced today it is now servicing 100 percent of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that will manage this portfolio following the failure of Signature Bank.
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State Street Private Markets Survey Finds Macro Challenges Not Dampening Demand; Public To Private Shift Set To Grow Further
April 29, 2024State Street Corporation (NYSE: STT) today released the results of its third annual private markets survey1, which explores the allocations of 480 institutional investors including traditional asset managers, private market managers, insurance companies, and asset owners across North America, Latin America, Europe, and Asia-Pacific.
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Fulton Financial Corporation Acquires Substantially All of the Assets And Assumes Substantially All of The Deposits Of Republic First Bank From The FDIC
April 29, 2024Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A. (“Fulton”), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”).
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Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement
April 29, 2024Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement (“Second Lien Credit Agreement”) with Guggenheim Credit Funding, LLC, on behalf of one or more clients.
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