- Market Sizing & Impact Study 2023
- MONTICELLOAM, LLC Delivers $435MM Supporting over 1,890 Skilled Nursing Beds
- Innovative Motion Technologies Secures New Credit Facility to Support Continued Growth and M&A Strategy
- Pemberton Announces Final Close of the Fourth Vintage of its Strategic Capital Strategy at €3.4bn, Currently Europe’s Largest Opportunistic Direct Lending Fund[1]
- Brean Capital Closes $74.5 Million Corporate Note Financing for Renovo
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
In letters to officials at leading US industry vertical trade associations, including the National Association of Manufacturers and National Retail Federation, SFNet President Jennifer Palmer and CEO Richard Gumbrecht, offered support to their membership in light of the recent disruption sparked by the SVB collapse. The outreach comes at a tumultuous time for many borrowers and extends “economic lifelines” to current and prospective borrowers.
TSL Express Trending Story
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As companies and lenders evaluate performance risk and expectations for 2022, the trends previously considered to be emerging need to be considered a permanent part of the 2022 business environment. At this point, it is unrealistic to consider inflation transitory, or to believe there is a magic switch that will eliminate labor and supply chain issues.
TSL Express Daily Headlines & News
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Houlihan Lokey Expands Transaction Opinions and Board Advisory Capabilities With Senior Hires
December 19, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Keith Kushin has joined the firm as a Managing Director in its Transaction Opinions and Board Advisory practices. Mr. Kushin is based in New York and will expand the firm’s transaction opinions services for its clients in North America.
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Trinity Capital Inc. Continues Life Sciences Growth, Hires Industry Veteran Ryan Kaeding as Managing Director
December 19, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. Mr. Kaeding, a veteran in the venture ecosystem, has been supporting venture capital-backed growth-stage companies for 20+ years.
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Connext Networks Announces Debt Financing to Accelerate Fiber Deployment
December 19, 2023Connext Networks, LLC (Connext), a Utah fiber infrastructure provider serving business and retail internet customers, announced the successful completion of a $70 million credit facility, including a $50 million accordion, arranged by Woodforest National Bank.
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Austin Financial Services Closes a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 19, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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OceanaGold Refinances Revolving Credit Facility With Improved Terms
December 18, 2023OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.
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Sound Point Capital Partners With iCapital Marketplace
December 18, 2023Sound Point Capital Management, LP ("Sound Point"), an alternative asset management firm with approximately $46 billion of assets under management, announced today they have joined iCapital’s Marketplace, a platform offering a robust suite of alternative investment solutions to financial advisors and their clients.
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Webster Signs Definitive Agreement to Acquire Ametros
December 18, 2023Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
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Rosenthal Closes 20+ Transactions Totaling Nearly $600MM in Volume in Second Half 2023
December 18, 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 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit LLC, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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BizCap Facilitates Aechelon Technology’s Multimillion-Dollar Line of Credit
December 18, 2023BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Aechelon Technology, Inc., a leader in immersive visualization technology. For over 25 years, Aechelon has provided real-time computer graphics systems for flight training, simulation, and entertainment markets.
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SFNet Member Spotlight: ABLSoft
December 18, 2023ABLSoft is a premier Cloud provider of asset-based lending and factoring software. Our objective is to assist lenders in enhancing profitability through smart automation and adaptable solutions. Trusted by a multitude of financial institutions, ABLSoft's well-established platform delivers secure and resilient enterprise capabilities, empowering your business to both thrive and bring satisfaction to your customers.
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iSun Closes Secured Loan with Decathlon Capital Partners
December 18, 2023iSun has closed on an $8 million senior secured loan with Decathlon Capital Partners to fully refinance the prior senior secured convertible facility which had become dilutive.
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Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits
December 18, 2023Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.
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FTI Consulting Expands Corporate Finance & Restructuring Offering in Japan
December 18, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Go Matsumoto as a Senior Managing Director within the Corporate Finance & Restructuring segment in Tokyo. In addition, Eiji Michihiro joined the segment in Tokyo as a Senior Advisor.
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KBRA DLD Forecasts 2.75% Direct Lending Default Rate in 2024 for Private Equity-Backed Companies; Report Notes YTD Sponsored Rate Rises to 2.1% From 1.9%
December 18, 2023Momentum continued through November and pushed volume in the KBRA DLD Private Data set to $22 billion, making it the third consecutive month of volume greater than $20 billion. At $127.1 billion through November, YTD volume still falls short of the $131.8 billion in the same period last year. Managers need to put another $17.7 billion on the board this month in order to match last year’s $144.8 billion full-year figure.
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Eiffel Investment Group Supports Electra and its Growth With €27m Bridge Financing
December 18, 2023Eiffel Investment Group, asset manager with €5.5 billion assets under management, teams up with Electra, European specialist in electric vehicles fast-charging, to accelerate the construction of charging stations in France. The deal aims to support the development of more than 100 high-power (>150 kW) charging stations, i.e. over 600 additional charging points in France, for a total amount of 27 million euros.
The Secured Lender
SFNet's The Women in Secured Finance Issue



