- Eversheds Sutherland Continues to Build Momentum in Texas with Addition of Three Houston Partners
- Quickpay Funding Provides $200,000 Factoring Facility to Fresh Produce Wholesaler Ahead of Peak Season
- Market Sizing Study
- Toro Corp. Announces $60.0 Million Revolving Credit Facility
- Ares Raises Combined $5.4 Billion for U.S. and Europe Value-Add Real Estate Strategies
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Encina Lender Finance Provides $50MM Credit Facility for Mountain Ridge Capital
Ed Chang, CEO of ELF, said, “We are proud to support Mountain Ridge Capital and its senior management team comprised of long-standing industry veterans, who have a demonstrated and impressive track record in asset-based lending. We look forward to working closely with Craig Winslow and his team as they continue to grow their business.”
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An Interview with Tim Stute, Managing Director and Head of Specialty Finance, Hovde Group
In this installment of our series of executive interviews, Charlie Perer sits with Tim Stute to understand his views on the ABL industry, consolidation, new trends including specialization and state of the M&A market, among other things.
TSL Express Daily Headlines & News
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GTCR Announces Promotions and New Leadership for Portfolio Resources Group
November 7, 2023GTCR, a leading private equity firm, announced today the promotions of Jeff Wright to Managing Director and Cameron Rouzer to Principal, along with the promotions of Travis Krueger and Joseph Rubino to serve as Co-Heads of the firm's Portfolio Resources Group (PRG).
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BizCap Assists Performant Financial in Securing a $25MM Revolving Loan Facility with Wells Fargo
November 7, 2023BizCap®, a commercial finance advisory firm established in 2002, is pleased to announce that it has assisted Performant Financial, primarily operating under subsidiary Performant Healthcare Solutions in securing a $25MM credit facility.
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Tradewind Finance Named Best Factoring Company Germany 2023 and Best NBFI Management Team Germany 2023
November 7, 2023Tradewind Finance, an international trade finance company with headquarters in Germany, has been named winners of the 2023 Global Banking & Finance Awards® for Best Factoring Company Germany 2023 and Best NBFI Management Team Germany 2023.
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Monroe Capital Supports Wind Point Partners’ Acquisition of Central Moloney
November 7, 2023Founded in 1949 and based in Pine Bluff, Arkansas, CMI is a leading manufacturer of critical infrastructure products for the U.S. electrical grid, including distribution transformers and associated components. CMI recently opened an additional facility in Panama City Beach, Florida, to support growing demand for electrification and the modernization and improved weather resiliency of electrical infrastructure.
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Kilkenney Joins CohnReznick as Principal and Chief People Officer
November 7, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Kimberly Kilkenney has joined the firm as Principal and Chief People Officer. In this role, Kilkenney will collaborate with firm leadership to execute on the strategy of providing a best-in-class people experience across a global footprint.
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WeWork Takes Strategic Action to Significantly Strengthen Balance Sheet and Further Streamline Real Estate Footprint
November 7, 2023WeWork Inc. (NYSE: WE) (“WeWork” or “the Company”), the leading global flexible space provider, today announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success.
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Communication And Due Diligence Critical for Successful AIFM Switching, Ocorian States
November 7, 2023Poor communication and mistakes with due diligence are the biggest issues for alternative investment fund managers switching administrators, Ocorian, the specialist provider of alternative fund services and global leader in entity administration, fiduciary and compliance solutions warns.
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Altriarch Specialty Finance Funds $43.5 Million to Multiple Factoring Companies
November 6, 2023Altriarch Specialty Finance Fund, LP (“Altriarch”), a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in the form of senior, mezzanine and participation capital, with a maximum of $50 million per borrower.
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Chicago Atlantic Funds Term Loan to Halo CollarTM
November 6, 2023Chicago Atlantic announced it closed a secured term loan with Halo Collar™, the AI-driven dog collar that utilizes proprietary technology to offer highly accurate GPS dog fencing solutions.
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A&G Announces Plan to Sell Additional Store Leases in Connection with Rite Aid’s Financial Restructuring
November 6, 2023A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale a second tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
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Sallyport Commercial Finance Provides $1,000,000 in Financing for Canadian Food Manufacturer
November 6, 2023Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable finance for an ambitious Canadian entrepreneur in the food manufacturing industry. The business was referred to Sallyport through a US competitor who wasn’t able to finance a Canadian organization.
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Moritt Hock & Hamroff Recognized in Best Lawyers® 2024 Best Law Firms® Report
November 6, 2023Moritt Hock & Hamroff announced today that the Firm has been recognized in the 2024 edition of Best Law Firms®, ranked by Best Lawyers®, nationally in one practice area and regionally in four practice areas:
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J D Factors Provides $10.2 Million in New Factoring Facilities
November 6, 2023J D Factors provided $10,2100,000 in new factoring facilities to 28 new clients in the US and Canada during the month of September.
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Gateway Trade Funding Provides a $2,300,000 Purchase Order Facility to a Lifestyle Products Company
November 6, 2023A company selling outdoor and lifestyle products was expanding its business by doing its own inventory. With this business expansion, they needed cash flow assistance. A current Gateway client suggested they reach out to Gateway Trade Funding.
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IronNet Inc. Files Voluntary Chapter 11 Petitions
November 6, 2023IronNet, Inc. ("IronNet" or "the Company") stabilizes operations and continues plan of reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court" and such cases, the "Chapter 11 Cases" or "Restructuring").
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SG Credit Provides $10 Million Dip Commitment to Water Gremlin
November 6, 2023SG Credit Partners has provided a commitment for up to $10 million in debtor-in-possession (“DIP”) financing to Water Gremlin, the world’s technological and market leader in battery terminals, to support ongoing manufacturing and distribution as it continues to offer customers consistent quality solutions during its Chapter 11 proceedings. The DIP financing has received interim court approval.
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Click Therapeutics Secures $20 Million Debt Financing from HSBC
November 6, 2023Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.
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Strata Clean Energy Secures a $300 Million Revolving Credit Facility to Support Expansion of Vertically Integrated Clean Energy Platform
November 6, 2023Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.
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JLL Renews Credit Facility, Maintains Strong Financial Profile and Liquidity
November 6, 2023Jones Lang LaSalle Incorporated (NYSE: JLL) amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. The borrowing capacity will be $3.3 billion and the new five-year term extends the maturity from April 2026 to November 2028.
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Guidehouse, Leading Global Provider of Consulting Services, to be Acquired by Bain Capital Private Equity
November 6, 2023Guidehouse, (“Guidehouse”, or the “Company”), a leading global provider of consulting services to the public sector and commercial markets, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3 billion. Guidehouse will continue to operate under its current management team, led by Chief Executive Officer Scott McIntyre.
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