- Monroe Capital Supports Sands Point Risk’s Acquisition of Launch Environmental Underwriters
- Rosenthal Capital Group Closes Seven Equipment Financing Transactions Totaling $40 Million to Date in 2026
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- Dykema Adds Corporate Finance and Data Privacy Attorney Jake Vollebregt in San Antonio
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TSL Express Daily Articles & News
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On March 18, SFNet hosted a Webinar, “Cybersecurity: Evaluating and Mitigating Borrowers' Risk to Cyber Breaches”. It discussed current trends in cyber threats to commerce and the potential impact to borrowers, and the steps lenders and borrowers can take to guard against and mitigate and recovery from cyber-attacks or data breaches. Panelists focused on due diligence steps lenders should consider in assessing risk and the steps they may need in their lending agreements.
Tina Capobianco, senior vice president, J D Factors served as moderator. Panelists included Thomas J. DeMayo, principal, Cybersecurity and Privacy Advisory, PKF O'Connor Davies, LLP; Steven Teppler, of counsel, Mandelbaum Barrett P.C. and Louis Natale, chief credit officer, White Oak Commercial Finance. PFK Clear Thinking and White Oak Commercial Finance sponsored the webinar.
TSL Express Daily Headlines & News
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Haversine Provides $11 Million in Participation Funding – Highlighting One of their Lender Finance Products Offered
February 26, 2024, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
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Entrepreneur Growth Capital LLC Provides $5,000,000 Line of Credit to Midwest Commercial Bakery
February 26, 2024Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $5 million asset-based facility for a commercial bakery. The facility provides availability against both accounts receivable and inventory.
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CIBC Innovation Banking Provides Growth Capital to InsightRX
February 26, 2024CIBC Innovation Banking announced today that it has provided growth financing to InsightRX, a San Francisco-based software company leveraging quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants.
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Lincoln Educational Services Announces New $40 Million Revolving Credit Facility Increasing Capital Resource Flexibility
February 26, 2024Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into a $40 million revolving credit facility with Fifth Third Bank.
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Cerebro Capital Facilitates Over $100mm in Financings to Middle-Market Firms
February 26, 2024Cerebro Capital announced they had recently assisted clients in securing over $100mm in financings. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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B. Riley Retained as Advisor in Connection with Prize Management, LLC dba Sand Ridge Materials Chapter 11
February 26, 2024B. Riley Real Estate and B. Riley Wholesale & Industrial Solutions (collectively, “B. Riley”), subsidiaries of B. Riley Financial, Inc. (Nasdaq: RILY), have been retained as advisors in connection with the Chapter 11 bankruptcy of Prize Management, LLC and Sand Ridge Development Association, Inc. dba Sand Ridge Materials (“Sand Ridge”).
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First Citizens Receives 20 Greenwich Excellence and Best Brand Awards for Middle Market Banking, Small Business Banking
February 26, 2024For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Best Brand awards.
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Bridge Bank’s Life Sciences Group Hires Phillip Ho in San Francisco
February 26, 2024Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president. In his new role, Phil will support Bridge Bank’s Life Sciences Group in its mission to help companies in the industry bring their visions to market, working specifically with clients in the San Francisco Bay Area and the Pacific Northwest.
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Cambridge Wilkinson Investment Bank Closes $145MM Leverage Facility for Private Non-Bank Real Estate Lender
February 26, 2024Cambridge Wilkinson is pleased to announce the close of a $145 Million Credit Facility for a Private Real Estate Lender who lends in select high-growth geographies in North America, with a particular expertise in ground-up construction lending.
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Lafayette Square Provides Financing for Ironclad Environmental Solutions' Acquisition of DenBeste Water Solutions Lafayette Square Holding Company
February 26, 2024Lafayette Square, a national investment platform, announced today that it provided debt financing to support the acquisition of DenBeste Water Solutions ("DenBeste") by Ironclad Environmental Solutions ("Ironclad"), a leading provider of specialty asset rental solutions for the containment and hauling of liquid and solid waste, and a portfolio company of Kinderhook Industries.
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Victory Park Capital Announces Hiring of Stephanie Mesheski as Principal, Investor Relations
February 26, 2024Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that Stephanie Mesheski has joined the firm as Principal on the Investor Relations & Marketing team. Working alongside Sora Monachino, Managing Director & Head of Investor Relations, Ms. Mesheski will primarily be responsible for business development.
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Establishment Labs Announces Amended Credit Facility with Oaktree
February 22, 2024Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has amended its $225 million term loan facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
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Vena Energy Secures USD 600 Million Sustainability-Linked Financing
February 22, 2024Vena Energy, the leading renewable energy company in the Asia-Pacific region announced the signing of a JPY87.0 billion (approximately USD 600 million) sustainability-linked Revolving Credit Facility (RCF). The RCF is provided by ten financial institutions, including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, ING Bank N.V., MUFG Bank, Ltd., Intesa Sanpaolo S.P.A., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., as well as two new lenders Oversea-Chinese Banking Corporation Limited, and Sumitomo Mitsui Trust Bank Limited. Crédit Agricole Corporate and Investment Bank acted as the Facility Agent and Issuing Bank.
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Nassau Financial Group Announces Close of $250 Million in Credit Facilities
February 22, 2024Nassau Financial Group (“Nassau”) announced today that it has closed on a $150 million revolving credit facility and a $100 million term loan credit facility, arranged by RBC Capital Markets.
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Morrison Foerster Welcomes Experienced Finance and Private Equity Partner Michael Vernace in San Francisco
February 22, 2024Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Michael Vernace as a partner in the firm’s Finance and Private Equity Groups in the Transactions Department, based in the San Francisco office. Vernace brings to the firm 15 years of experience representing private equity funds and their portfolio companies in complex U.S. and cross-border financings, including acquisition financings and refinancings, along with other public and private companies in varying stages of their lifecycle.
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Hornblower Group to Be Acquired and Receive Significant New Equity Investment
February 22, 2024Hornblower Group ("Hornblower" or the "Company") today announced that it has entered into an agreement with its investors that will strengthen the Company's financial foundation and position Hornblower for a successful future. Under the terms of the agreement, funds managed by Strategic Value Partners, LLC and its affiliates (together, "SVP"), a global alternative investment firm, will acquire majority ownership of Hornblower and provide a significant equity investment in the business.
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CohnReznick Restructuring Team Earns 2023 M&A Advisor Turnaround Award
February 22, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has been recognized by The M&A Advisor with the Sec. 363 Sale of the Year Award ($10 MM – 50MM category) for its advisory work in the restructuring and sale of Winc, Inc., a wine club, wholesaler, and online retailer.
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Monroe Capital Supports Equity Group Investments’ Lanter Delivery Systems
February 22, 2024Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to provide continued growth financing of Lanter Delivery Systems, an existing portfolio company of Equity Group Investments, the private investment firm founded by Sam Zell.
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ABA Report: Bank Economists Express Cautious Optimism About Credit Conditions in 2024
February 22, 2024While bank economists expect credit conditions to continue to weaken compared to the extremely strong position of the last few years, their outlook for the first half of the year is notably more optimistic, according to the American Bankers Association’s latest Credit Conditions Index released today.
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Star Mountain Capital Bolsters its Secondaries and Client Services Team Adding Warren DeKinder as a Managing Director Based in Dallas
February 22, 2024Star Mountain Capital, an employee-owned, specialized private credit and secondaries investment manager with ~$4 billion in assets under management targeting systematic alpha and low market correlated returns for its clients announced that Warren DeKinder has joined as a Managing Director to focus on engaging with investors as a solutions-oriented partner on investments and potential liquidity needs through Star Mountain’s secondaries business.
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