- SouthStar Capital Closes a Combined PO and AR Financing Facility
- Tiger Group to Auction Assets from Closed Xytel Plant Starting March 10
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Baker Garrington and Liquid Capital Announce Recent Financings
- Market Sizing & Impact Study 2023
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Finance Industry Veteran Jennifer Palmer Launches Asset-Based Lending Company: JPalmer Collective
On International Women’s Day, SFNet president and former CEO of Gerber Finance and eCapital ABL, Jennifer Palmer, is announcing the formation of JPalmer Collective. The asset-based lending firm will provide customized financing solutions with white-glove, consultative services designed to help businesses grow sustainably and founders to retain their equity.
The company will specialize in high-growth businesses that do not fit traditional lenders' criteria, including women-led companies and consumer brands focused on conscious consumers, sustainability and inclusivity.
The company will specialize in high-growth businesses that do not fit traditional lenders' criteria, including women-led companies and consumer brands focused on conscious consumers, sustainability and inclusivity.
TSL Express Trending Story
Featured
The COVID pandemic pushed SFNet’s already active advocacy program into overdrive in 2020 and the past year has kept our advocacy volunteers just as busy. As we work to find the balance between economic health and personal well being, the SFNet team has had to quickly mobilize at times to respond to a diverse array of issues, from concerns around damaging flaws in the Economic Injury Disaster Loan (“EIDL”) program to the ongoing saga of state financial disclosure bills.
TSL Express Daily Headlines & News
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Connext Networks Announces Debt Financing to Accelerate Fiber Deployment
December 19, 2023Connext Networks, LLC (Connext), a Utah fiber infrastructure provider serving business and retail internet customers, announced the successful completion of a $70 million credit facility, including a $50 million accordion, arranged by Woodforest National Bank.
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Austin Financial Services Closes a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 19, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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SBM Offshore Successfully Raises a new US$210 Million Revolving Credit Facility for MPF Hull Financing
December 18, 2023SBM Offshore is pleased to announce that it has secured a US$210 million Revolving Credit Facility (RCF) for the financing of the construction of Fast4Ward® Multi-Purpose Floater (MPF) hulls. The tenor of the RCF is eighteen months with an extension option for another six months. Repayment is expected to take place upon sale of the MPF hulls or upon drawdown of the relevant project loan.
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OceanaGold Refinances Revolving Credit Facility With Improved Terms
December 18, 2023OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.
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Sound Point Capital Partners With iCapital Marketplace
December 18, 2023Sound Point Capital Management, LP ("Sound Point"), an alternative asset management firm with approximately $46 billion of assets under management, announced today they have joined iCapital’s Marketplace, a platform offering a robust suite of alternative investment solutions to financial advisors and their clients.
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Webster Signs Definitive Agreement to Acquire Ametros
December 18, 2023Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
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Rosenthal Closes 20+ Transactions Totaling Nearly $600MM in Volume in Second Half 2023
December 18, 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 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit LLC, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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BizCap Facilitates Aechelon Technology’s Multimillion-Dollar Line of Credit
December 18, 2023BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Aechelon Technology, Inc., a leader in immersive visualization technology. For over 25 years, Aechelon has provided real-time computer graphics systems for flight training, simulation, and entertainment markets.
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SFNet Member Spotlight: ABLSoft
December 18, 2023ABLSoft is a premier Cloud provider of asset-based lending and factoring software. Our objective is to assist lenders in enhancing profitability through smart automation and adaptable solutions. Trusted by a multitude of financial institutions, ABLSoft's well-established platform delivers secure and resilient enterprise capabilities, empowering your business to both thrive and bring satisfaction to your customers.
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iSun Closes Secured Loan with Decathlon Capital Partners
December 18, 2023iSun has closed on an $8 million senior secured loan with Decathlon Capital Partners to fully refinance the prior senior secured convertible facility which had become dilutive.
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Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits
December 18, 2023Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.
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FTI Consulting Expands Corporate Finance & Restructuring Offering in Japan
December 18, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Go Matsumoto as a Senior Managing Director within the Corporate Finance & Restructuring segment in Tokyo. In addition, Eiji Michihiro joined the segment in Tokyo as a Senior Advisor.
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KBRA DLD Forecasts 2.75% Direct Lending Default Rate in 2024 for Private Equity-Backed Companies; Report Notes YTD Sponsored Rate Rises to 2.1% From 1.9%
December 18, 2023Momentum continued through November and pushed volume in the KBRA DLD Private Data set to $22 billion, making it the third consecutive month of volume greater than $20 billion. At $127.1 billion through November, YTD volume still falls short of the $131.8 billion in the same period last year. Managers need to put another $17.7 billion on the board this month in order to match last year’s $144.8 billion full-year figure.
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Eiffel Investment Group Supports Electra and its Growth With €27m Bridge Financing
December 18, 2023Eiffel Investment Group, asset manager with €5.5 billion assets under management, teams up with Electra, European specialist in electric vehicles fast-charging, to accelerate the construction of charging stations in France. The deal aims to support the development of more than 100 high-power (>150 kW) charging stations, i.e. over 600 additional charging points in France, for a total amount of 27 million euros.
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AITX Expands Fleet Offering as Acquisition of SMBC Rail Services Closes
December 18, 2023Deutsche Bank Securities Inc. served as lead financial advisor, Citi served as senior financial advisor, JP Morgan, Goldman Sachs and RBC Capital Markets LLC also provided advisory services to ITE Management. The acquisition financing is led by Bank of America as administrative agent and supported by a group of arrangers and lenders including Bank of America, Deutsche Bank, Goldman Sachs, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, and Citi. Willkie Farr & Gallagher LLP and Vedder Price LLP served as legal advisors to ITE Management.
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