- FactorFox Introduces the Next Generation of Its AI Native Specialty Finance Platform
- MidCap Business Credit LLC Completes $13 Million Asset-Based Credit Facility to Support the Acquisition of Anchor Manufacturing Group,Inc.
- CIFC Broadens Private Credit Platform Through iCapital Marketplace
- Sallyport Commercial Finance Provides $12 Million Accounts Receivable Financing Facility and Equipment Bridge Loan for a Third-Party Logistics (3PL) Company
- Secured Finance Economic Impact Study
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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MidCap Financial Closes $44mm Senior Secured Credit Facility to AleraCare
MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $44mm senior secured credit facility to AleraCare Intermediate, LLC (“AleraCare” or “Company”).
TSL Express Trending Story
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Coming Into Focus - TSL Inaugural Data Issue
Welcome to The Secured Lender’s first ever Industry Data Issue. Over the past several years, SFNet has invested heavily in data resources designed to improve planning, provide competitive benchmarking, and attract capital to our industry. Through resources like our groundbreaking Market Sizing and Impact Study, which dimensioned the secured finance ecosystem and will be refreshed this year, to our quarterly and annual data surveys, which continue to grow in participation, to our forward looking Market Pulse Reports, we have made great strides in capturing, analyzing, and predicting industry trends by the numbers.
TSL Express Daily Headlines & News
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LaVie Care Centers Takes Strategic Actions to Position the Company for Long-Term Success Amidst Challenging Skilled Nursing Operating Environment
June 3, 2024LaVie Care Centers, LLC (the "Company"), an operator of 43 licensed skilled nursing facilities in five states, today announced that it has taken steps to implement a financial restructuring designed to improve its capital structure and position the Company for long-term success.
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New Mountain Capital and Grant Thornton Close Growth Investment
June 3, 2024Grant Thornton LLP, one of America’s leading providers of audit, assurance, tax and advisory services, and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced the closing of a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy. CDPQ and OA Private Capital made minority investments in Grant Thornton alongside New Mountain Capital.
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First Business Financial Services, Inc. Promotes Brad Quade To Executive Vice President & Chief Credit Officer
June 3, 2024First Business Financial Services, Inc., parent company of First Business Bank, is pleased to announce Brad Quade’s recent promotion to Executive Vice President & Chief Credit Officer.
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XCMG America Financial Announces the Expansion of the XCMG QuickFi Financing Program into Canada
June 3, 2024XCMG America Financial announces its expansion of its North American financing platform into Canada, supported by QuickFi®. The new XCMG program enables nearly instant loans and leases for XCMG equipment purchasers in Canada.
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QuickFi® Wins Best Embedded Finance Solution at the 2024 Banking Technology Awards USA
June 3, 2024QuickFi® is honored to win Best Embedded Finance Solution at the 2024 Banking Tech Awards USA. Other finalists included J.P. Morgan Chase, HSBC Bank USA, Wells Fargo, Morgan Stanley, Intuit, Fiserv, and SoFi. QuickFi is honored to be selected as the Best Embedded Finance Solution winner.
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CVC Credit Prices $500m Apidos XLVIII
June 3, 2024CVC Credit, the $43bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLVIII (48), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO"). Barclays served as lead arranger for CVC Credit’s second CLO pricing in North America this year.
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Denim Secures $63 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.
June 3, 2024Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers.
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Celtic Capital Corporation Provides Financing for an Oil and Gas Extraction Services Company
June 3, 2024Celtic Capital Corporation today announced its most recent new client relationship – an oil and gas extraction services company located in the Western Midwest region. The business suffered reduced revenues from the COVID era and to recover, needed additional working capital. Its current bank was unwilling to provide the Company with the needed funds so management turned to Celtic Capital.
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WeWork Secures Final Court Approval for Transformational Restructuring
June 3, 2024-WeWork announced today that its Plan of Reorganization has been confirmed by the United States Bankruptcy Court for the District of New Jersey, a final step in the Company’s operational and financial restructuring. The Company expects to emerge from Chapter 11 in mid-June, following the completion of routine administrative matters.
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H.I.G. WhiteHorse Europe Refinances Astek
June 3, 2024WhiteHorse Europe, a credit affiliate of global investment firm H.I.G. Capital (“H.I.G.”), is pleased to announce that it has co-arranged a new €450 million financing package for Astek (the “Company” or the “Group”).
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Austin Financial Services, Inc. Announces $10 Million ABL Facility for Foodservice Equipment Manufacturer & Distributor of Commercial Kitchen Equipment
June 3, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM ABL facility, comprised of an AR and Inventory revolver to an industry leading foodservice equipment manufacturer & distributor of commercial kitchen equipment. The Company was seeking a lending partner who could provide greater flexibility and more availability than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.
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White Oak Real Estate Capital and Thorofare Team Up on Tribeca Self-Storage Conversion
June 3, 2024White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, and Thorofare Capital today announced a $21.5 million two-year, floating rate senior loan for the acquisition and conversion of 78 Walker Street into a Class A, self-storage facility to-be operated by Public Storage.
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Peloton Announces Successful Completion of $1.35 Billion Holistic Refinancing
May 30, 2024Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) today announced it has successfully completed a holistic refinancing that reduced overall debt, extended debt maturities and achieved more flexible loan terms.
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LSQ Creates $3MM Invoice Finance Facility for NJ-based Aerospace Manufacturing Firm
May 30, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey.
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CIT Northbridge Credit Provides $75 Million to Cisco Equipment Rentals
May 30, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and used equipment sales, parts and service.
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Marc Swirsky Joins EquipNet, Inc. as Managing Director, Industrial
May 30, 2024EquipNet, Inc., a member of the 3S Circular Network (3SCircular.com), welcomes Marc Swirsky as the Managing Director of the organization’s industrial business. Swirsky joins as a tenured and experienced professional, known in the manufacturing industry for his expertise in industrial capital equipment auctions and liquidations.
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Creative Realities Closes on New Revolving Credit Facility
May 30, 2024Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage and media solutions, today announced that it and First Merchants Bank (“FMB”) executed a credit agreement implementing the previously-announced $22.1 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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Natixis Corporate & Investment Banking acts as Coordinating Lead Arranger for the Infrastructure Debt Financing FirstLight Fiber, Sponsored by Antin Infrastructure Partners
May 30, 2024Natixis Corporate & Investment Banking (Natixis CIB) has successfully closed a five-year senior secured infrastructure debt financing package for FirstLight Fiber, the largest independent fiber bandwidth infrastructure provider in Northeast U.S. FirstLight Fiber owns a fiber network extending over 25,000 route miles and covering 125,000 addressable locations.
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Dynata Secures DIP Financing After Successful Prepackaged Chapter 11 First Day Hearing
May 30, 2024Dynata, LLC ("Dynata" or the "Company"), the most trusted source for reliable, accurate first-party data — announced today that the Company has successfully concluded its first day prepackaged chapter 11 hearing and received $31.5M in new financing, with access to another $50 million in new financing set for early July 2024 following emergence from its short chapter 11.
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Alvarez & Marsal Expands its Disputes Offering and Regional Footprint By Appointing Managing Director John A. Taylor
May 30, 2024Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Los Angeles-based John A. Tayloras a Managing Director in its Disputes and Investigations practice. Mr. Taylor’s joining expands A&M’s West Coast footprint and deepens its disputes capabilities in alignment with DI’s talent growth strategy to help clients address current needs and anticipated challenges.
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