- TSL Feature Articles
- Wolters Kluwer Indicator Survey Finds Lower Concern Levels Following Significant Drop in Regulatory Penalties
- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- ArentFox Schiff Welcomes Corporate Partner Julia Zhu-Morelli in Los Angeles
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Access Capital, Inc., Announces Raphael Torres as Senior Vice President, Head of Business Development
Access Capital, Inc., the nation’s leading independent lender to the staffing industry, is thrilled to share that Raphael Torres of Fort Lauderdale has joined the team as Senior Vice President and Head of Business Development.
Named a Forty Under Forty designee by SFNet in 2018, Raphael’s experience in asset-based lending spans over two decades. During his career at Wells Fargo, he headed the team responsible for providing financial solutions to the Staffing, Government Contracting, and Transportation industries, growing the portfolio to over $1B in outstanding loans and $2.7B in commitments.
Named a Forty Under Forty designee by SFNet in 2018, Raphael’s experience in asset-based lending spans over two decades. During his career at Wells Fargo, he headed the team responsible for providing financial solutions to the Staffing, Government Contracting, and Transportation industries, growing the portfolio to over $1B in outstanding loans and $2.7B in commitments.
TSL Express Trending Story
Featured
Restaurant Rebound Tests the Limits of U.S. Food Distributors
Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic, but the sector is feeling the strain of the latest shift—the rapid return of tens of millions of Americans to in-person dining.
TSL Express Daily Headlines & News
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Gridiron Capital Adds New Team Members to Enhance Digital Capabilities
September 27, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the additions of Mauricio Marron as Technology and Data Manager, Tammy Delgado as DTC Growth Senior Associate, and Miles Hindin as DTC Data and Strategic Insights Senior Associate.
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Monroe Capital Supports Southfield Capital’s Milrose Consulting Inc. Add-on Acquisitions
September 27, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of JM Zoning and Project Expediters Consulting Corp. (PECC), by Milrose Consulting, Inc. (“Milrose”). Milrose is an existing portfolio company of Southfield Capital.
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US Capital Global Securities Finances and Advises on $50 Million Debt and Equity for Kajawood Studios in Finland
September 27, 2023Global private financial group headquartered in San Francisco supports development of high-end, state-of-the-art film studio facilities for international clients such as Disney, Netflix, Amazon, and Warner Bros.
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MidCap Business Credit LLC Announces $8 Million Credit Facility to a Manufacturing Company
September 27, 2023MidCap Business Credit LLC, announced today that it has completed a $8 million asset-based credit facility to a manufacturing company located in Pittsburgh, PA. The company was established in 1954 and makes machinery and equipment for various industrial applications, for its domestic and foreign customer base.
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Portage Point Adds Industry Veteran Mark Johnson to Launch M&A
September 27, 2023Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Mark Johnson has joined the firm as Managing Director & Head of Industrials.
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Sherwood Partners Launches Sherwood Advisory Services and Appoints Spencer Ware Managing Partner of New Advisory Group
September 27, 2023Sherwood Partners today announced the launch of Sherwood Advisory Services, a new advisory group that leverages the strength of Sherwood Partners’ platform to deliver tailored turnaround and restructuring solutions to middle market companies.
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Altriarch Announces Launch of New Investment Strategy
September 27, 2023Altriarch Asset Management, LLC (“Altriarch”), a South Carolina-based private credit asset manager, is pleased to announce its new structured capital investment strategy (the “New Strategy”).
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Cynthia Romano and Chris Creger Join FTI Consulting’s Turnaround & Restructuring Practice
September 27, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the appointments of Cynthia Romano and Chris Creger as Senior Managing Directors in the Turnaround & Restructuring practice within the firm’s Corporate Finance & Restructuring segment.
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Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies
September 27, 2023Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.
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Republic Business Credit Provides Illinois-based Independent Children’s Book Publisher with $1,000,000 Recourse Facility
September 27, 2023When an independent children’s book publisher needed to find a lender to support their turnaround plan, it sought a partner that understood the publishing industry and would provide the working capital support to make timely royalty payments and fund payroll, even when key customer payments were delayed due to extended payment terms. That partner was Republic Business Credit, which extended a $1 million factoring facility to the company.
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Cautious Optimism Expressed in SFNet Survey
September 26, 2023Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network. But lingering headwinds and recession risks still must be taken seriously.
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Tucows Inc. Announces New Credit Facility with Bank of Montreal
September 26, 2023Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million, with an accordion for $60 million.
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FLO Secures $60 Million Credit Facility from National Bank's Technology and Innovation Banking Group
September 26, 2023FLO, a leading North American electric vehicle (EV) charging company and a smart charging solutions provider, announced it secured a C$60 million revolving credit facility from National Bank of Canada, via its Technology and Innovation Banking Group.
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Renaissance Asset Finance Supports One Stop Business Finance with £5m Revolving Credit Facility
September 26, 2023Renaissance Asset Finance, a subsidiary of the private and commercial bank, Arbuthnot Latham, has confirmed their support for specialist SME lender, One Stop Business Finance, with the completion of a block discounting facility. The revolving credit facility, which was completed in August, backs the Group with £5m to help them achieve their ambitious growth objectives.
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K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities
September 26, 2023K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan (the “Loan”) to K92.
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MUFG Announces Leadership Changes Within its Asset-Based Finance Team
September 26, 2023MUFG announced it made several leadership changes within its Asset-Based Finance team, effective September 19. The changes are designed to align the team to better support MUFG’s overall ABF growth strategy in the Americas. Leadership team members will be based in three key markets – New York, Boston, and Los Angeles.
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King Trade Capital Offers $1.5MM Increase to Existing Client
September 26, 2023King Trade Capital is pleased to provide a seasonal increase to an existing clients PO finance facility in support of their seasonal sales growth into big box retail.
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Rosenthal’s West Coast Office Closes Two Factoring Transactions
September 26, 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 factoring transactions by its West Coast office.
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Ocean Bank Provides $10 Million Working Capital Facility
September 26, 2023Ocean Bank has closed on a $10 million capital facility to a major flower importer that will provide the company with working capital during its low season and allow for its continued growth.
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SG Credit Partners Announces A Senior Debt Investment in Folloze
September 26, 2023SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Folloze via a $6 million credit facility. Folloze, the world’s first and only no-code B2B Buyer Experience Platform (BX 3.0), is used by B2B marketing, sales, and revenue teams.
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