- Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
- Sallyport Commercial Finance Provides a $1.5 Million Boost for Post-CCAA Canadian Bakery
- nFusion Capital Provides $2 Million Factoring Facility for a Staffing Company
- Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
- Jones Day Names 33 new Partners
TSL Express Daily Articles & News
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Encina Lender Finance Promotes Dan Avnir to Chief Commercial Officer
Encina Lender Finance, LLC (ELF) announced today the promotion of Dan Avnir to Chief Commercial Officer. Dan had previously served as Managing Director, Originations.
In Dan’s new role, he will continue to lead ELF’s origination strategy across its commercial and consumer verticals. Dan will also lead ELF’s syndications strategy by managing the capital markets initiatives for various portfolio companies.
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TSL Express Daily Headlines & News
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United Capital Funding issues $7.15MM in Total Credit Facilities During Q3 2023
October 9, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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Loomis Signs a 2-year Term Loan Facility of EUR 115 Million
October 5, 2023Loomis AB has signed an agreement for a syndicated Term Loan facility of EUR 115 million. The facility has a tenor of up to two years.
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Monroe Capital Supports Gemspring Capital’s Acquisition of ClearCompany
October 5, 2023Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of ClearCompany Holdings, Inc. (“ClearCompany”) by an affiliate of private equity sponsor, Gemspring Capital Management, LLC (“Gemspring”).
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TAB Bank Appoints Austin Strong as Chief Strategy Officer
October 5, 2023Strong will help TAB further define and implement its strategic vision, identify growth and investment opportunities, and align with fintech partners
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U.S. Bank Names Ariel Meyerstein as Head of ESG Program Office
October 5, 2023U.S. Bank has named Ariel Meyerstein as the head of its Environmental, Social and Governance (ESG) Program Office. In this role, Meyerstein will be responsible for ESG strategy development, program management, enablement, stakeholder engagement and reporting and disclosures in close partnership with business lines and functions across the enterprise.
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MUFG Further Expands Growth & Middle Market Tech Banking Team
October 5, 2023Mitsubishi UFJ Financial Group (NYSE: MUFG) announced today the hiring of three seasoned relationship professionals within its Growth & Middle Market Technology team, aimed at bolstering the bank's continued expansion into the pre-IPO growth and middle-market public companies space in the Innovation Ecosystem.
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ACME Credit Partners Announces Credit-Focused Investment Strategy to Target Lower Middle-Market Opportunities
October 5, 2023ACME Credit Partners LLC, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market. ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors at Cerberus Capital Management — along with Charles Widger, an industry veteran.
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New Wolters Kluwer Technology Helps Banks Address Basel Compliance
October 5, 2023Wolters Kluwer has introduced technology as part of its ongoing work to help banks comply with Basel reporting requirements. OneSumX for Basel is the latest addition to the company’s OneSumX suite of regulatory technology offerings.
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SLR Healthcare ABL Provides $16 Million to Skilled Nursing Operator
October 5, 2023SLR Healthcare ABL is pleased to announce it provided a $16 million asset-based revolving line of credit to a skilled nursing operator.
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Taiga Announces $15 Million Term Loan Agreement and Provides a Production Update
October 4, 2023Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, announced that it has entered into a $15 million Secured Term Loan Agreement with Export Development Canada ("EDC"). The loan will support the Company's continued growth towards producing approximately 1,000 vehicles in 2023.
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Associated Bank's Jay Williams named to List of Influential Leaders
October 4, 2023Associated Bank today announced that Jay Williams, Associated Banc-Corp Board of Directors Chairman, has been named one of the most influential leaders in corporate governance by the National Association of Corporate Directors (NACD) as part of their 2023 NACD Directorship 100™, an annual list of leading corporate directors and governance advocates.
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Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
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Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
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Sallyport Commercial Finance Provides a $1M Facility for Lighting Manufacturer
October 4, 2023Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee. The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years.
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US Capital Global Provides $330 Million Financial Advisory for Entertainment Mega-Complex in the Southeastern United States
October 4, 2023US Capital Global has advised on $330 million debt and equity financing for a limited liability company developing an entertainment mega-complex in the Southeastern United States. The planned theme park aims to feature rollercoasters, raised walkways with observation decks, a selection of leading restaurant brands, shopping facilities, and a variety of popular themed rides and entertainment features.
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Crescent Private Credit Income Corp. Launches with $150 Million Seed Capital Investment from SLC Management
October 4, 2023Crescent Capital Group (“Crescent”), a leading alternative credit investment firm, announced today the launch of Crescent Private Credit Income Corp. (“CPCI”), a non-exchange traded, perpetual-life business development company (“BDC”). CPCI’s Registration Statement on Form N-2 in connection with its initial public offering of common stock has been declared effective by the U.S. Securities and Exchange Commission
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New Heritage Capital Welcomes Greg Katz as Vice President of Business Development
October 4, 2023New Heritage Capital, a leading private equity firm specializing in investing alongside middle-market founder-owned businesses, is pleased to announce the appointment of Greg Katz as Vice President of Business Development.
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Hammerhead Energy Inc. Announces Expanded Credit Facility and Repayment of Term Debt
October 4, 2023Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS; NASDAQ: HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023.
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MKS Instruments Completes Repricing of Secured Term Loan B
October 4, 2023MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that it successfully completed the repricing of its existing $3.6 billion secured tranche B term loan.
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Armory Securities, LLC Announces the Sale of the Assets of Aruze Gaming America, Inc
October 4, 2023Armory Securities, LLC is pleased to announce the successful sale of the assets of Aruze Gaming America, Inc (“Aruze”) via §363 auction under the U.S. Bankruptcy code. Armory served as exclusive financial advisor to Aruze in connection with the transaction
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