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- Oxford Commercial Finance Surpasses $275 Million in Working Capital Facilities for U.S. Businesses
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- Independent Bank Corporation Announces Regulatory Approvals to Acquire HCB Financial Corp. and Highpoint Community Bank
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After two years’ of virtual celebrations, SFNet is happy to announce that its 40 Under 40 Awards 2022 are back in person this year on June 16, 2022, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars.
Nominations for the 2022 40U40 Awards are open until today, February 8, 2022. The SFNet 40 Under 40 Award Committee Chair will again be Stewart-Hayes, managing director, Wells Fargo Capital Finance. The judging Committee also consists of Betty Hernandez, EVP & chief credit officer, SLR Business Credit; David B. Kurzweil, co-chair, Global Restructuring & Bankruptcy Chair National Financial Institutions, Greenberg Traurig, LLP; Hamid R. Namazie, partner, McGuireWoods LLP; Candice Hubert, SVP, Business Development, Republic Business Credit; Paula Currie, SVP, internal controls director, PNC Business Credit; and Caitlin Sanders, managing director, Origination, Callodine Commercial Finance. This will be the first year as judges for Currie and Sanders.
Here's what you'll need to know if you're thinking of nominating someone.
TSL Express Daily Headlines & News
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JPMorgan Chase Announces Expanded Roles for Top Executives
January 29, 2024JPMorgan Chase (NYSE—JPM) today announced new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.
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Hilco Corporate Finance Expands Its Investment Banking Practice with the Addition of Mark Birkett as Senior Managing Director for Capital Advisory
January 29, 2024Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, has named Mark Birkett Senior Managing Director for Capital Advisory. He will be based in HCF's Chicago office.
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SBA Communications Completes $4.05 Billion Senior Secured Financing
January 29, 2024SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").
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B. Riley Serves as Exclusive Financial Advisor to Fromm International in Acquisition by Firelight Capital Partners
January 29, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive financial advisor to Fromm International (“Fromm” or the “Company”), a leading marketer of high-end beauty products, in connection with Firelight Capital Partners’ successful acquisition of the Company.
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Runway Growth Capital Announces Results From Third Venture Debt Review Survey
January 25, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the findings from its third Venture Debt Review.
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Huntington Business Credit Closes $10 Million Credit Facility with American Nitrile Operations, LLC
January 25, 2024Huntington Business Credit announced it closed a $10,000,000 new credit facility with American Nitrile Operations, LLC on December 12, 2023. Proceeds of the facility will be used to fund working capital and continued investment in glove production capacity.
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MidFirst Business Credit Announces New Lending Relationship with Custom Equipment, LLC
January 25, 2024MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Custom Equipment, LLC (“Custom”). Headquartered in West Bend, WI, Custom designs and manufacturers highly versatile scissor lifts that due to their unique agility, size and weight can accommodate various end-user environments.
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First Citizens Bank Provides $36.2 Million in Financing for Acquisition of Medical Office Buildings in North Carolina and Washington
January 25, 2024First Citizens Bank today announced that its Healthcare Finance business provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings located in Charlotte, North Carolina and Seattle, Washington. Anchor Health Properties acquired these assets directly for its own balance sheet.
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Sallyport Commercial Finance, LLC Welcomes Chris Huntington
January 25, 2024Sallyport Commercial Finance, LLC announced Chris Huntington has joined as vice president business development on the East Coast. Huntington moved to Boston last year with his family, having worked in commercial finance the UK for the last 20 years.
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MUFG Serves as Coordinating Lead Arranger, Joint Bookrunner, Administrative Agent on EdgeCore Digital Infrastructure $1.9 Billion Debt Financing
January 25, 2024Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a $1.9 billion debt financing for EdgeCore Digital Infrastructure, conducted in conjunction with its owner, Partners Group, a leading global private markets firm acting on behalf of its clients, to fund scalable development of their data center campus in Mesa, Arizona.
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Local Bounti Amends Cargill Credit Facility and Receives Funds for Working Capital
January 25, 2024Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has secured additional cash to fund working capital as part of its amended credit facility with Cargill Financial Services International, Inc. ("Cargill").
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Otterbourg Promotes Michael Rich to Member in the Banking and Finance Department
January 25, 2024Otterbourg P.C. announced today that Michael Rich has been promoted to Member of the Firm, effective January 1, 2024. Mr. Rich began his career at Otterbourg and has been an associate in the firm’s Banking and Finance Department for the past eight years – making him a home-grown star.
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Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Secured Notes
January 25, 2024Caesars Entertainment, Inc. (NASDAQ: CZR) (the “Company”) today announced the pricing of its previously announced offering of $1.5 billion aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”) at an interest rate of 6.500% per annum and an issue price equal to 100% of the principal amount of the Notes.
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Targeted Lending Co., LLC Secures $50 Million Senior Credit Facility With Wells Fargo Capital Finance
January 25, 2024Targeted Lending Co., LLC, a prominent leader in the equipment finance industry, is excited to announce the successful closure of a $50 million credit facility with Wells Fargo Capital Finance.
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SLR Digital Finance Provides $4 Million Line of Credit to leading In-Game Digital Advertiser, Super League Enterprise
January 24, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $4 million credit facility for Super League Enterprise (Nasdaq: SLE), a leading strategically integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms.
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Blank Rome Announces 2024 Leadership Appointments
January 24, 2024Blank Rome LLP is pleased to announce five new leadership appointments, effective January 1, 2024.
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Culain Capital Funding Closes $3,000,000 for Mechanical Services Company
January 24, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a mechanical services company based in NY, which recently received a $3MM accounts receivable factoring facility through Culain.
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Kugman Partners Adds to Team of Professionals
January 24, 2024Kugman Partners announced that Tyler Burandt has joined. Burandt is a financial analyst with proven success in the development of complex financial modeling, compilation of extensive underwriting packages, and portfolio management.
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Sallyport Commercial Finance Provides $2M For a Manufacturing Business Restructure
January 24, 2024Sallyport Commercial Finance announced its second deal for 2024, equipping an existing client with $2,000,000 in accounts receivable finance, which provides the ongoing working capital required to trade successfully.
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Sight Sciences Announces the Closing of up to $65 Million Senior Secured Credit Facility with Hercules Capital
January 24, 2024Sight Sciences, Inc. (Nasdaq: SGHT) (“Sight Sciences”), an eyecare technology company focused on developing and commercializing innovative technology intended to transform care and improve patients’ lives, today announced the closing of an up to $65 million senior secured credit facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”), a leader in customized debt financing.
The Secured Lender
SFNet's 40 Under 40 Awards Issue



