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Eclipse Business Capital Provides $135 Million Revolving Credit Facility
Eclipse Business Capital LLC (“EBC”) announced that it has provided a $135 million senior secured revolving credit facility an e-commerce retailer.
The credit facility is secured by accounts receivable and inventory with the proceeds being used to refinance the existing line of credit. EBC’s demonstrated track record of executing quickly, coupled with its industry expertise, provided the borrower confidence that its business needs would be met.
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SFNet Education Offers On-Demand Classes
SFNet has a robust education program, including virtual and in-person classes. For those whose schedules make it difficult to fit in a class, SFNet now offers On-Demand classes to help those starting out or continuing their professional development in the industry on their own terms. Content can be consumed on a laptop, phone or tablet, making it easy to gain the knowledge you need to further your career whenever and wherever it works for you.
TSL Express Daily Headlines & News
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Eclipse Business Capital Provides $40mm ABL Credit Facility to a Canadian Media Company
December 4, 2023Eclipse Business Capital LLC (“EBC”) announced that it has provided a $40 million senior secured ABL credit facility to a Canadian media company. The credit facility is secured by accounts receivable and inventory.
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Mountain Ridge Capital Provides $25 Million Credit Facility to Exercise Equipment Company
December 4, 2023Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $25 million senior secured credit facility to a U.S.-based designer and marketer of fitness equipment.
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Macquarie Asset Management Hires Vivek Bommi as Head of Leveraged Credit
December 4, 2023Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit. In this role, he will have overall responsibility for the firm’s Leveraged Credit capabilities including portfolio, team and business management, including being named a portfolio manager on the team’s registered high yield and bank loan funds in the US.
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Christopher Cahill Joins Dykema’s Corporate and Finance Group in Chicago
December 4, 2023Dykema, a leading national law firm, today announced the addition of Christopher Cahill as a Senior Counsel in the firm’s Corporate and Finance Practice Group resident in the firm’s Chicago office. Cahill joins Dykema from Aegis Law and after practicing as a Partner with L&G Law Group, LLP for more than a decade.
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Exectras Announces Funding from Tacora Capital
December 4, 2023Exectras, the go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance and workers’ compensation, today announced the completion of debt financing from Tacora Capital for up to $30 million.
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Fifth Third Bank Named ‘Bank of the Year U.S.’ by The Banker
December 4, 2023Fifth Third is proud to announce it has been named “Bank of the Year” for the U.S. 2023 by The Banker. This annual award program recognizes industry-wide excellence within the global banking community.
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Bridge Bank Supports Gooten’s Growth With $3.5 Million Venture Debt Term Loan
December 4, 2023Bridge Bank today announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York. Gooten will use the funds for continued growth and expansion.
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Getzler Henrich & Associates’ Charvi Gupta Honored As a “40 Under 40” by the American Bankruptcy Institute
December 4, 2023Charvi Gupta, a Director at Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, has been honored as one of the American Bankruptcy Institute’s (ABI) 40 Under 40 Emerging Leaders in Insolvency Practice for 2023.
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Cadence Bank Completes the Sale of Cadence Insurance, Inc. to Arthur J. Gallagher & Co.
December 4, 2023Cadence Bank ("Cadence" or the "Company") (NYSE: CADE) announced it has closed the previously disclosed sale of its insurance operations, Cadence Insurance, Inc. ("Cadence Insurance"), to Arthur J. Gallagher & Co. ("Gallagher") (NYSE: AJG) for $904 million in cash, subject to customary purchase price adjustments
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Golub Capital Continues APAC Expansion with Hong Kong Hire
December 1, 2023Golub Capital today announced that Amy Chiang has joined as Managing Director, Greater China and Southeast Asia and will be based in the Firm’s newly-opened Hong Kong office. In her new role, she will be dedicated to building and strengthening relationships with investors in the Greater China and Southeast Asia region.
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Celtic Capital Corporation Provides Accounts Receivable Line of Credit for an Oregon-based Provider of Fully-managed, Cloud-based Services
December 1, 2023Celtic Capital Corporation today announced its most recent new client relationship – an Oregon-based provider of fully-managed, cloud-based services that allow clients to maximize the value of technology while minimizing their risks.
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First Citizens Bank Arranges $75 Million in Financing for Turning Point Brands
November 30, 2023First Citizens Bank today announced that its Asset-Based Lending business, part of the bank’s Commercial Finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands Inc.
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nFusion Capital Provides $7 Million Factoring Facility for Land & Sea Industries, LLC
November 30, 2023Land & Sea Industries, LLC (L&S) is a full-service heavy metal fabrication and manufacturing solutions company located in Texas. They provide a wide range of services, including commercial construction, high pressure piping, structural fabrication, and more. Their in-depth knowledge of the energy industry enables them to offer added value to clients.
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TD to Appoint Alan MacGibbon as Chair of the Board
November 30, 2023TD Bank Group is pleased to announce the appointment of Alan MacGibbon as Chair of the Board of Directors, effective February 1, 2024. Alan will succeed Brian Levitt, who will also retire from the Board following the Bank's annual meeting of shareholders on April 18, 2024.
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Access Capital Provides Credit Facility to American Management Association
November 30, 2023Since 1923, the American Management Association (AMA) has been transforming the way people think, work and achieve their business goals.
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First Business Bank Funds $4 Million Factoring Facility to IT Consulting Firm
November 30, 2023First Business Bank announces that its Accounts Receivable Financing team recently funded a $4 million factoring facility to a client operating as an IT consulting firm.
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Brown Rudnick Welcomes Tax Lawyer Peter Farrell in Washington
November 30, 2023Brown Rudnick announced today that Peter Farrell has joined its Washington, D.C., office as a partner in the Tax group.
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B. Riley Serves as Sell-Side M&A Advisor to Heart & Vascular Center of Arizona on its sale to Cardiovascular Associates of America
November 30, 2023B. 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 sell-side M&A advisor to Heart & Vascular Center of Arizona P.C. (“HVCA”), a leading independent cardiovascular physician practice, in connection with its sale to Cardiovascular Associates of America (“CVAUSA”).
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Neptune Wellness Nutraceutical Brand, Biodroga, Announces Accounts Receivable Factoring Facility of Up to $8 Million
November 30, 2023Neptune Wellness Solutions Inc., a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that its nutraceuticals brand subsidiary, Biodroga Nutraceuticals Inc., has entered into an accounts receivable factoring facility and inventory finance rider with Alterna Capital Solutions, LLC.
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H.I.G. Capital Expands Its Capital Formation Team with the Addition of Jenny Nelson, Jennie Park, and Joe Tremblay
November 30, 2023H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $59 billion of equity capital under management, is pleased to announce that Jenny Nelson, Jennie Park, and Joe Tremblay have joined the firm’s Capital Formation Group. Jenny and Joe join as Managing Directors, based in California, and Jennie Park has joined as a Principal, based in New York.
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