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TSL Express Daily Articles & News
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Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, together with Snowden Lane’s private equity partner, Estancia Capital Partners (“Estancia”), today announced that Snowden Lane secured a new $100 million credit facility.
The new facility replaces a facility originally secured with ORIX Corporation in 2018 and subsequently expanded in early 2022. The $100 million of available credit will enable Snowden Lane to significantly bolster its recruiting momentum and position itself for sustained growth through 2023 and beyond.
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Lizzy (pronounced LEE-see) Diaz-Ortiz is a Chicago-based attorney with over 15 years of experience leading culture change for organizations. Most recently, her efforts have focused on driving diversity and inclusion programs in which she helps organizations create a culture of belonging to drive better business results.
She grew up as a military brat living and working all over the world and spent her formative years in Germany, quite different than the rest of her extended Puerto Rican family. Her diverse experiences as an Army dependent laid the groundwork for a three-year professional stint in Mexico City as an adult. More importantly, it provided the foundation for her desire to work in the diversity, equity, and inclusion realm and advocate for equitable outcomes.
TSL Express Daily Headlines & News
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Silicon Valley Bank Appoints Head of Global Payments and Head of Global Digital Solutions
August 23, 2023Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced Martin Murrell has been named Head of Global Payments and Milton Santiago was named Head of Global Digital Solutions. The new leaders will further SVB's commitment to innovative products, client solutions and exceptional client experience.
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Republic Business Credit Provides $2.5 Million Credit Facility to Texas-Based Beverage Company
August 23, 2023When a Texas-based beverage company was searching for capital to expand its operations, the company selected Republic Business Credit as its partner. Republic provided a credit facility, totaling $2.5 million, which will supply the energy drink brand with the resources for future growth.
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Wingspire Capital Provides Credit Facility to Versar for the Acquisition of the Operations & Maintenance Division of Louis Berger Services
August 23, 2023Wingspire Capital co-agented a senior secured financing for Versar, Inc. to refinance a previous credit facility and to provide capital for its acquisition of the Operations & Maintenance division of Louis Berger Services (“LBS”).
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RelPro Achieves Inc. 5000 Ranking for Third Straight Year
August 23, 2023RelPro has once again been recognized as one of the fastest-growing private companies in the United States by Inc. Magazine, ranking #2452 on the Inc. 5000 list.
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Meitheal Announces Closing of Senior Secured Credit Facility Agreement for Up to $80 Million with J.P. Morgan
August 22, 2023Meitheal Pharmaceuticals, Inc. (“Meitheal”), a fully integrated generic injectables company based in Chicago, today announced it has entered into a $35 million senior secured revolving credit agreement with J.P. Morgan. Subject to customary conditions, Meitheal may, at its option, request an increase in the credit facility for a total amount of up to $80 million.
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Comvest Credit Partners Upsizes its Investment in Beyond Finance to Support Growth; Senior Credit Facility Now $635 Million
August 22, 2023Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on an upsized $635 million senior credit facility (the “Financing”) for Beyond Finance (the “Company”), a U.S.-based provider of success fee-based debt resolution services.
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Golub Capital Increases Risk Strategies Unitranche to $4.45 Billion
August 22, 2023Golub Capital acted as Administrative Agent, Lead Arranger and Joint Bookrunner on a $700 million delayed draw term loan for Risk Strategies, increasing the company's unitranche facility to $4.45 billion. Risk Strategies, a leading U.S. insurance broker, is a portfolio company of North American-focused middle market private equity firm, Kelso & Company.
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Zions Bancorporation Completes Asset-Based Lending Deal With Forging Distributor
August 22, 2023Zions Bancorporation, N.A., through its Texas division, Amegy Bank closed and funded an $8,000,000 credit facility for the distribution arm of a multi-national manufacturer of steel forgings. The Company provides critical OEM parts for equipment manufacturers serving a wide range of industries. The credit facility consisted of a multi-year revolving line of credit.
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Second Avenue Capital Partners Arranges Credit Facilities for True Religion
August 22, 2023Second Avenue Capital Partners (“SACP”), a Schottenstein affiliate, along with TCW Private Credit and Sagard Credit, announced the closing of a new term loan and revolving credit facility for True Religion Apparel, Inc. (“True Religion” or the “Company”). SACP served in various roles for the transaction including Sole Arranger, Revolver Agent, Sole Revolver Lender and Term Loan Lender.
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Monroe Capital Supports Lindsay Goldberg’s Acquisition of Lightwave Dental
August 22, 2023Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Lightwave Dental (“Lightwave”) by Lindsay Goldberg, a NY based leading private investment firm.
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RelPro Adds Wealth Insights on Business Executives; Announces Windfall as Latest Partner
August 22, 2023RelPro integrates another new dataset into its platform, delivering net worth and wealth insights on business executives. The data comes from Windfall, RelPro’s latest data partner.
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Hudson Technologies Announces Full Repayment of Outstanding Term Debt
August 22, 2023Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry–and one of the nation’s largest refrigerant reclaimers–today announced that the Company has repaid in full the remaining principal balance outstanding under its Credit Agreement with TCW Asset Management Company, LLC (“TCW”).
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Legacy Corporate Lending Adds Terrance McKinney as Executive Vice President of Portfolio Management
August 22, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that Terrance McKinney has joined the firm as Executive Vice President of Portfolio Management.
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CapitalPlus Facilitates $5 Million Funding for Prominent West Coast Mechanical Contractor
August 22, 2023CapitalPlus Financial Services, a distinguished provider of working capital solutions, proudly announces the successful facilitation of $5 million in funding for a leading mechanical contractor based on the West Coast.
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FirstBank Announces New Chief Credit Officer
August 22, 2023FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” recently announced several leadership changes. The new appointments result from FirstBank executives either retiring or being elevated to C-level positions.
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Goldman Sachs Asset Management to Make New Investment in World Insurance Associates, Joining Charlesbank Capital Partners as Co-Lead Investors for Next Chapter of Growth
August 22, 2023World Insurance Associates LLC (“World”), one of the fastest-growing insurance brokerages in the U.S., announced today that funds advised by Goldman Sachs Asset Management (“Goldman Sachs”), through its Private Equity and Hybrid Capital teams, have entered into a definitive agreement to make a major investment in the company.
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SFNet Member Spotlight: Alantes Corporate Finance, LLC
August 22, 2023Alantes Corporate Finance specializes in capital raises and strategic advisory for small- to middle-market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion.
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SFNet Member Spotlight: Aurous Financial Services
August 22, 2023Aurous Financial Services is the first of its kind. Intended to offer the best solution for small and medium-sized commodities importers, Aurous Financial provides short-term bridge financing, on your terms.
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SFNet Member Spotlight: SierraConstellation Partners
August 21, 2023SierraConstellation Partners (SCP) is a national interim management and advisory firm serving middle-market companies and their partners and investors that are navigating their way through difficult business challenges. Built on a foundation of core values, our team of former CEOs, COOs, CFOs, private equity investors, and investment bankers, apply their real-world experience, operational mindset, and hands-on approach to deliver effective operational improvements and financial solutions.
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Merchant Opportunities Fund Increases BMO Credit Facility to $100 Million
August 21, 2023The Merchant Opportunities Fund, a Vancouver-based private debt fund focused on investing in specialty finance portfolios, today announced that it has increased its revolving debt facility with the Bank of Montreal ("BMO"). The facility now consists of a $70 million funding commitment with a two-year term along with a $30 million accordion, with a Schedule 1 bank being added to the now syndicated facility.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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