- Debt Finance Partner Matthew Kita Joins King & Spalding
- Associated Banc-Corp Completes Acquisition of American National Corporation, Accelerating Growth Momentum in Attractive Markets
- Commercial Finance Partners Launches Tariff Refund Financing Program for U.S. Importers
- CIBC Innovation Banking Provides Growth Capital to REG Technologies
- Quito Finalizes Debt Rollover With Apollo and Secures a New Capex Line to Accelerate Its Development
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Encina Lender Finance Promotes Dan Avnir to Chief Commercial Officer
Encina Lender Finance, LLC (ELF) announced today the promotion of Dan Avnir to Chief Commercial Officer. Dan had previously served as Managing Director, Originations.
In Dan’s new role, he will continue to lead ELF’s origination strategy across its commercial and consumer verticals. Dan will also lead ELF’s syndications strategy by managing the capital markets initiatives for various portfolio companies.
TSL Express Trending Story
Featured
How Diverse Teams Make Successful Companies
Nneoma Maduike of Otterbourg P.C. discusses the impact a diverse team can have on a company’s performance.
TSL Express Daily Headlines & News
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Elavon Financial Services Receives UK Banking Authorisation
October 23, 2023Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced it has joined a US Government initiative to improve energy efficiency, emissions and energy resilience across the healthcare sector, with a focus on safety-net providers in economically disadvantaged communities. Macquarie Capital has committed to support up to $US300 million in renewable energy project developments for hospitals and hospital systems designated as key priorities under the initiative.
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BB Energy Successfully Renews and Expands its Digital Borrowing Base Credit Facility to USD 600 Million
October 23, 2023BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility (the 'Facility') in the Americas. The Facility finances the company's working capital needs for inventory and receivables in the region.
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Federal Reserve Board Launches Data Collection to Gather More Information From Banks Affected by Large Bank Capital Proposal and Extends Comment Period
October 23, 2023The Federal Reserve Board on Friday launched a data collection to gather more information from the banks affected by the large bank capital proposal it announced earlier this year. When the proposal was announced, the Board indicated that it would undertake this supplemental data collection.
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Crescent Capital Group Announces Hiring of Felipe Esguerra as Managing Director, Head of Eastern U.S. Region in the Investor Solutions Group
October 23, 2023Crescent Capital Group LP, a leading alternative credit investment firm, announced today that it has hired Felipe Esguerra as Managing Director, Head of Eastern U.S. Region in the Investor Solutions Group. Based out of Crescent’s New York office, Mr. Esguerra is responsible for marketing Crescent Capital’s strategies to institutional investors including corporate and public pension plans, endowments, foundations, healthcare systems and family offices across the Eastern U.S.
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Santander Bank Unifies U.S. Commercial Businesses, Names Michael Lee Head of Commercial Banking
October 23, 2023Santander Bank, N.A. (“Santander” or “the Bank”) recently unified its commercial & industrial business and its commercial real estate & vehicle financing business into one Commercial Bank in the United States under the leadership of Michael Lee. Mike joined Santander in 2009, and most recently served as Managing Director and Head of Commercial Real Estate & Vehicle Finance. He will continue to report to Tim Wennes, Santander US CEO and Country Head, and Santander Bank President and CEO.
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PacWest Bancorp and Banc of California Receive Final Regulatory Approval for Merger
October 23, 2023PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of PacWest and Banc of California, Inc. (“Banc of California”) and their respective bank subsidiaries, Pacific Western Bank and Banc of California, N.A.
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Spring Oaks Capital Successfully Completes New Credit Facility and Capital Raise
October 23, 2023Spring Oaks Capital, LLC is pleased to announce the closing of a new credit facility, as well as a large capital raise to support the growth of its technology-focused consumer debt investing and collections platform. The $150 million senior secured revolving credit facility is provided by funds managed by Värde Partners and UBS O’Connor.
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Meers Joins CohnReznick as Managing Director, Technology+
October 23, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Dan Meers has joined the firm as a Managing Director in its Technology+ practice. Meers will assume the role of data and analytics leader for the practice, initially focusing on delivering technology and data solutions to CohnReznick clients in the federal government/public sector and financial services industries.
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First Citizens Bank Closes More Than $66 Million in Financings with Consumer Products Companies
October 19, 2023First Citizens Bank today announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions.
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Mammoth Energy Announces Revolving Credit Facility Refinancing
October 19, 2023The new five-year revolving credit facility with Fifth Third Bank, National Association ("Fifth Third"), provides for revolving commitments of up to $75 million, subject to a borrowing base calculation prepared monthly. The new five-year term loan agreement with Wexford Capital LP ("Wexford"), an affiliate of Mammoth, provides for term commitments of $45 million.
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AVITA Medical, Inc. Enters into a Credit Agreement for a Credit Facility Up to $90 Million
October 19, 2023AVITA Medical, Inc. entered into a Credit Agreement, by and between the Company, as borrower, and an affiliate of OrbiMed as the lender and administrative agent . The Credit Agreement provides for a five-year senior secured credit facility in an aggregate principal amount of up to $90 million, of which (i) $40 million was made available on the Closing Date,
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Pantheon International plc Announces Refinancing of Credit Facility with Additional Flexibility
October 19, 2023Pantheon International PLC announced that it has agreed a new £500 million equivalent multi-tranche, multi-currency revolving credit facility agreement (the "Loan Facility"), which replaces the existing £500 million equivalent credit facility and Credit Suisse AG London Branch as a Lender.
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Haversine Funding Announces OnDeck with Haversine, a Limited Series Podcast Dedicated to the Specialty Finance Industry
October 19, 2023Haversine Funding, a premier lender finance platform in the specialty finance space, proudly announces its newest endeavor - the limited series podcast, OnDeck with Haversine. Available on Spotify, YouTube, Apple, Google Podcasts, and LinkedIn, audiences can anticipate monthly episodes into early 2024.
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Clifford Chance Continues US Energy & Infrastructure Growth With Hire of Partner Cephas Sekhar and Counsel Kyle Kreshover in Houston
October 19, 2023Global law firm Clifford Chance has hired corporate M&A partner Cephas Sekhar in its Houston office. Sekhar's appointment sees the Houston team grow to 11 partners following its opening in June, which marked the expansion of the firm's global Energy & Infrastructure team in the US.
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BMO Blue Book: U.S. Economy is Resilient but Predicted to Slow in Early 2024
October 19, 2023New flagship research report, BMO Blue Book, features regional economic analysis from BMO experts and an outlook for the U.S. economy.
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First Citizens Announces Leadership Changes in Community Association Banking Business
October 19, 2023First Citizens today announced leadership changes in its Community Association Banking business - including naming Nick Mirabal as its new head of Association Banking and expanding the roles of several leaders - to drive continued collaboration and synergy.
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nFusion Capital Welcomes Brice Reid to the Team
October 19, 2023nFusion Capital (the “Company”), a leading commercial finance company to entrepreneurs, announced that William Brice Reid has joined their team as Senior Vice President. Brice will be responsible for receivables purchasing, asset-based lending and loan originations and developing client and referral relationships across the United States. He will be based in nFusion Capital’s Dallas office.
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A&G Announces Plan to Sell Certain Company-Owned Store Leases and Properties in Connection with Rite Aid’s Financial Restructuring
October 19, 2023A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (the “Company”), today announced plans to market for sale 78 Rite Aid and Bartell Drugs neighborhood pharmacy leases, as well as 21 fee-owned properties, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.
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Gridiron Capital Closes Fifth Fund Above Target at $2.1 Billion
October 18, 2023Gridiron Capital, LLC (“Gridiron Capital” or the “firm”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the closing of Gridiron Capital Fund V and its affiliated funds (“Gridiron V”) at $2.1 billion, which exceeded its target of $1.8 billion and represents an increase in fund size of 56% over the prior fund, Gridiron IV.
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Siena Lending Group LLC Announces the Closing of a CDN$30 Million Credit Facility for Capital Health Partners
October 18, 2023Siena Lending Group LLC ("Siena") is pleased to announce the closing of a CDN$30 million credit facility to support the acquisition of Ottawa, Canada based companies Ontario Medical Supply (“OMS”) and Royal Drugs, by Capital Health Partners (“CHP”). CHP will carry on and expand OMS’ medical service offering that targets the homecare patient population.
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