- KKR Launches Equipment Finance Platform Akrapoint Commercial Capital
- ING Capital, Keybanc Capital Markets, Zions Capital Markets, and GridStor Announce Close of $220 Million Debt Financing Agreement
- B. Riley Securities Advises ONE Nuclear Energy on Successful Business Combination and Nasdaq Listing
- SLR Business Credit Provides $8 Million Asset-Based Credit Facility to a Premium Beverage Mixer Company
- RideNow Group, Inc. Announces $220 Million Senior Secured Term Loan Refinancing; In Advanced Discussions for $50 Million Asset Backed Lending (ABL) Facility
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Legacy Corporate Lending, New Asset-based Lending Company, Launches With Investment From Bain Capital Credit
Legacy Corporate Lending (“Legacy”) a new asset-based lending (ABL) company, today announced its launch as an independent lender focused on serving the needs of middle market companies across North America. Legacy is launching with a significant equity investment from funds managed by a subsidiary of Bain Capital Credit, L.P., (“Bain Capital Credit”), a leading global credit specialist.
TSL Express Trending Story
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Bankruptcy & Restructuring - Where are we Now? Update 2022
The last two years have been a roller coaster for businesses. The early pandemic lockdowns initially wreaked havoc on small businesses; and then we saw what some consider to be a market overcorrection. Relief came in the form of PPP loans, Main Street Lending, and various other subsidies and programs. We look to the data – year over year commercial bankruptcy filings are down 31% and Chapter 11 filings are down 48%. Comparing 2021 to 2019, commercial bankruptcy filings are down 31% and Chapter 11 filings are down 33%.
TSL Express Daily Headlines & News
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Ambri Agrees to Terms of Proposed Sale with Lender Consortium
May 6, 2024-Ambri, the provider of long-duration Liquid Metal™ battery storage systems, today announced that it has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium would acquire substantially all of the assets of the Company, subject to higher and better bids from other parties during an expedited sale process.
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EyeCare Partners Announces Refinancing Transaction Completion
May 6, 2024EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.
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KKR to Acquire Healthium from Apax Funds
May 6, 2024KKR, a leading global investment firm, today announced the signing of definitive agreements under which funds managed by KKR will acquire Healthium Medtech Ltd. (“Healthium”), a leading Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm.
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Latham Advises JOANN in Successful Emergence From Financial Restructuring Process
May 6, 2024JOANN, the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has announced it has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a US$153 million exit financing facility that replaces the previously announced debtor-in-possession financing.
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LSQ Creates $2MM in Invoice Finance Facilities for New York-based Software Companies
May 6, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated twin $1 million accounts receivable finance facilities ($2 million total) for sister software firms offering access management SAAS solutions for numerous industry verticals.
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Red River West Strengthens With the Arrival of two new Strategic Partners
May 6, 2024Red River West (RRW), a transatlantic venture capital fund supporting ambitious European startups looking to expand into the American market, continues its development today with the reinforcement of two exceptional profiles: Matthieu Bucaille and Yves Sisteron, who join the company as Strategic Partners.
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U.S. Bancorp Promotes Gunjan Kedia to President
May 6, 2024U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO.
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Bowman Closes On $100 Million Revolving Credit Agreement
May 6, 2024Bowman Consulting Group Ltd. (“Bowman” or “the Company”) (NASDAQ: BWMN), today announced it entered into a $100 million aggregate revolving credit agreement with Bank of America, N.A, as Administrative Agent, and TD Bank, N.A., as Syndication Agent (the “Credit Agreement”).
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Charles River® Appoints Vin Bhat as New Head of Asia-Pacific
May 6, 2024Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be responsible for all business oversight within the region and collaboration with State Street Alpha®, the first front-to-back asset servicing platform from a single provider for institutional investors.
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Bastion Management Closes $50 Million Facility with Cashco Financial
May 6, 2024Bastion Management ("Bastion"), a private investment firm focused on asset-based lending in the specialty finance sector, announced today that it agented a senior debt investment of $50 million in Cashco Financial ("Cashco") to refinance an existing senior lender and fund future growth of their Canadian consumer lending portfolio.
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KeyBank Survey Finds Signs of Confidence with Small Business Owners Coupled With Concerns about Inflation, Fraud and Political Noise
May 6, 2024Often the first to feel the effects of inflation and economic volatility, small business owners are optimistic about their businesses, even as economic challenges remain. KeyBank's 2024 Small Business Survey found that 65% of small business owners feel confident they could fund their operating expenses for one month with their cash reserves, if an unexpected need arose.
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Sunflower Bank Announces Expansion in Southern California With Hiring of Regional President James Canepa and Experienced Commercial Banking Teams
May 6, 2024James Canepa joined Sunflower Bank in April 2024 to lead the new teams as Executive Vice President & Regional President. In this role, Canepa is responsible for the strategy, management and growth of Sunflower Bank’s commercial banking, private banking and wealth management services in greater Los Angeles, Riverside, San Bernadino, Orange and San Diego Counties.
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Edelstein & Company Combines with EisnerAmper
May 6, 2024Global business advisory firm EisnerAmper announces that the partners and colleagues of Boston, Massachusetts-based CPA firm Edelstein & Company, LLP, are joining EisnerAmper in a combination expected to close in June 2024.
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SVB Financial Group Enters into Definitive Agreement for the Sale of SVB Capital
May 6, 2024SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners ("Pinegrove") and backed by permanent capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage, will acquire the Company's investment platform business, SVB Capital.
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1st Source Corporation Announces the Promotion of Andrea Short to President
May 6, 2024Christopher J Murphy III, Chairman and CEO of 1st Source Corporation and Chairman of 1st Source Bank announced today that as part of 1st Source’s long-term succession planning, the Board of 1st Source promoted Andrea G. Short to President of 1st Source Corporation.
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Encina Lender Finance Provides $25 Million Senior Credit Facility to Consumer Unsecured Installment Lending Platform
May 6, 2024Encina Lender Finance, LLC announced today that it has closed a $25 million senior credit facility for a consumer unsecured installment lending platform with a 20+ year track record.
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Davis Polk Welcomes Leading Finance Partner Luke McDougall in London
May 2, 2024Davis Polk today announced that prominent leveraged finance practitioner Luke McDougall will join the firm as a partner in the Finance practice based in London.
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eCapital Injects $5MM Funding Boost, Paving the Way for Medical Supplier's US Debut
May 2, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, is pleased to announce the closing of a $5 million non-notification ledger line factoring facility for a private equity-backed medical supply company.
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