- MONTICELLOAM, LLC Delivers $435MM Supporting over 1,890 Skilled Nursing Beds
- BIG Fiber Secures $250 Million Financing Led by Stonepeak Credit and La Caisse to Accelerate Digital Infrastructure Expansion
- Eversheds Sutherland Welcomes Kathryn Nordick as Senior Counsel in Texas, Advancing Strategic Growth of the US Finance Practice Group
- Fortress Investment Group Leads Senior Secured Credit Facility for H.I.G. Capital’s Acquisition of International Aerospace Coatings
- Eclipse Business Capital Provides $44 Million Senior Secured Credit Facility to Oil & Gas Industry
TSL Express Daily Articles & News
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SFNet continues to assess the effects of the SVB fallout and will provide relevant information and resources as events unfold.
To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
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Peter York is managing director and head of the Asset Based Lending (ABL) practice for the Corporate & Investment Bank of J.P. Morgan. He has been with J.P. Morgan for over 17 years and has more than 27 years of secured ABL experience. York’s strengths include large multibank syndicated financing, cross-border structuring, leveraged buyout finance, and bankruptcy and debtor-in-possession (DIP) financing.
TSL Express Daily Headlines & News
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Evolution Credit Partners Announces Growth of Trade Finance Strategy
December 11, 2023Recent transactions include a $150 million inventory financing facility with a leading automotive company with approximately $5 billion in revenue and a $60 million accounts receivables financing facility with a private equity sponsor-backed healthcare company with accounts receivables from Medicare, Medicaid and other investment grade health insurance companies
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Evolution Credit Partners Announces Growth of Trade Finance Strategy
December 11, 2023Evolution Credit Partners Management ("Evolution" or the "Firm), an alternative credit firm with approximately $3 billion in assets under management, announced today the close of two new trade finance facilities to add to its growing trade finance portfolio of ~$1.5 billion in total volume since inception.
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CIT Northbridge Provides $85 Million in Financing to CVB Inc.
December 11, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided $85 million in financing to CVB Inc.
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Kimbell Royalty Partners Announces Increase in Borrowing Base and Elected Commitments from $400 Million to $550 Million
December 11, 2023Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 127,000 gross wells across 28 states, today is pleased to announce an increase of the borrowing base and total commitments under the Company's revolving credit facility.
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Capstone Business Owners Research Survey Finds CEOs Execute Growth Strategies in Preparation for a Market Rebound
December 11, 2023Capstone Partners has released its 2023 Middle Market Business Owners Survey Report, with insights from privately-owned companies across the U.S. This report combines Capstone’s in-depth middle market knowledge with proprietary data obtained from 435 participating owners of privately held, middle market companies.
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OHA is a Lead Arranger for Private Financing for Thoma Bravo's Take-Private of NextGen Healthcare
December 11, 2023Oak Hill Advisors ("OHA") served as a Lead Arranger for the acquisition financing to support Thoma Bravo's $1.8 billion take-private of NextGen Healthcare, Inc. ("NextGen Healthcare"), a leading provider of cloud-based healthcare technology solutions to ambulatory providers. The transaction was financed with a unitranche term loan and revolving credit facility.
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Commercial Finance Partners Hires Small as SVP Business Development
December 11, 2023Commercial Finance Partners is pleased to announce the hiring of Karen Small as Senior Business Development Officer for the Midwest Region. With over 25 years of experience in financial services, Karen has worked as a Field Examiner for Michigan National Bank, founded an auditing consulting company, and founded Sterling Commercial Credit, a financial services provider.
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LSQ Expands Finance Partnership with VA-based Staffing Firm
December 11, 2023LSQ, a leading provider of working capital and payments management solutions, recently originated a $1 million credit facility for QualDoc, a Richmond, Virginia-based staffing firm. The new facility builds on an existing relationship between LSQ and QualDoc; the company is a long-time user of Qwil powered by LSQ, an integrated payroll finance solution that serves staffing suppliers across numerous industries.
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Quick Poll on Lending in California
December 11, 2023In June, SFNet was successful in getting an amendment to the California Commercial Finance Disclosure Law granting lenders a safe harbor (which goes into effect on January 1, 2024) in the event that estimates are made in good faith, but do not match the borrower’s actual subsequent experience.
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Kirkland Advises Brookfield on Successful Recapitalisation of the Schoeller Allibert Group
December 11, 2023Kirkland & Ellis advised Brookfield, as the majority shareholder of the Schoeller Allibert Group, a European market leader of returnable industrial plastic packaging solutions, in relation to its successful comprehensive recapitalisation effective 7 December 2023.
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Dorel Enters into New US$88 Million Term-Loan Facility
December 11, 2023Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that it has entered into a new US$88 million senior secured term-loan credit agreement with a group of lenders led by First Eagle Investments, as lead arranger and sole bookrunner, and administrative agent.
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Grant Thornton Survey: M&A deals and disputes are on the rise
December 11, 2023A new survey on mergers and acquisitions (M&A) disputes from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that dispute activity has increased — along with an increase in overall deal volume.
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First Citizens Serves as Joint Lead Arranger and Joint Bookrunner on Financing for Global Home Care Services Platform
December 11, 2023First Citizens Bank today announced that its Healthcare Finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform for personal and complex services for seniors and individuals with disabilities or chronic conditions.
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Marco Provides Factoring Facility for The Mobile Repair Team
December 7, 2023The Mobile Repair Team (MRT), is a specialist aviation company that focuses on the structural repairs of corporate aircraft worldwide. Having successfully secured a $1,250,000 factoring facility with Marco this will enable the MRT to further grow their capacity to support both existing and new customers in this dynamic and growing industry.
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CDB Aviation Enters Into Inaugural Sustainability Linked Loan for $625 Million
December 7, 2023CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.
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Sidley Represents Morgan Stanley in US$325 Million Credit Facility for Durango Permian LLC
December 7, 2023Sidley represented Durango Permian LLC, a portfolio company majority owned by funds managed by Morgan Stanley Energy Partners, in a senior secured credit facility valued at US$325 million. Durango Permian LLC is a subsidiary of Durango Midstream, a leading natural gas gathering, processing, and marketing company providing world-class midstream services to oil and gas producers.
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Sunlight Financial Emerges from Restructuring Process
December 7, 2023Sunlight Financial Holdings Inc. (“Sunlight Financial”, “Sunlight” or the “Company”), a technology-enabled point-of-sale finance company, today announced that it has successfully completed its Chapter 11 restructuring process and emerges as a stronger company with a clear vision for the future.
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Merchant Growth Secures $300 Million Forward Flow Facility with Fortress Investment Group to Refinance CEBA Loans
December 7, 2023Merchant Growth, a leading provider of financing for small businesses, is proud to announce a $300 million forward flow facility provided by funds managed by affiliates of Fortress Investment Group LLC ("Fortress") with Raymond James serving as the financial advisor to Merchant Growth Ltd.
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Capstone Green Energy Completes Financial Restructuring Plan, Emerges From Chapter 11
December 7, 2023Capstone Green Energy Holdings, Inc. (the “Company”), the public successor to Capstone Green Energy Corporation (Predecessor Capstone), announced the successful completion of the restructuring of the Capstone business and emergence from Chapter 11 bankruptcy.
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Court Issues Summary Judgment in Favor of California DFPI
December 7, 2023As you may be aware, the Small Business Finance Association , a trade association representing various entities which finance future sales, filed a lawsuit in California federal district court seeking to enjoin the California Department of Financial Protection and Innovation (DFPI) from enforcing the final regulations (Regulations) issued by the DFPI to implement California’s commercial financing disclosure law.
The Secured Lender
SFNet's The Women in Secured Finance Issue



