- Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- SFNet Market Pulse
- HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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First Citizens Bank today announced that its Middle Market Banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, a leading investor in and operator of self-storage facilities, marinas, and other specialty real estate assets.
The financing was used for Morningstar’s acquisition of three new self-storage properties that will operate under the brand name Morningstar Storage.
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What if I don’t want to come back? Do I have to disclose whether I was vaccinated to my employer? What are the impacts of remote operations from a commercial real estate perspective? How does corporate culture survive in a remote or hybrid environment? What is the impact on career mobility? How are new technologies being deployed to revolutionize workflows and the customer experience in the equipment finance industry?
As the country continues to make its comeback after more than a year of fear and uncertainty from COVID-19, we are left with a lot of questions on what this all means about the work world—returning to offices and what the future will look like. In response to this, SFNet will host its first Innovation Conference, focusing on The Future of Work on July 14 and July 21, 2021 from 12:00-3:00 EDT each day. The Conference will focus on what the world of secured finance will look like as we emerge from the crisis. Attendees will walk away with the knowledge of whether their business is leading, adapting or falling behind.
TSL Express Daily Headlines & News
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Tronox Announces Closing of $350M Incremental Term Loan
August 21, 2023Tronox Holdings plc (TROX) recently announced the closing of a $350 million incremental term loan under its existing credit agreement, the proceeds of which are likely to be utilized to repay outstanding borrowings under the company's existing revolving credit facilities and increase available liquidity for upcoming capital expenditures.
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Prestige Capital Continues to Expand its Business Development Team and Welcomes Mark J. Simshauser
August 21, 2023Prestige Capital is pleased in announcing that Mark J. Simshauser has joined our team as Senior Director – Northeast US responsible for building and driving business development throughout the Northeast region.
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Encina Lender Finance Closes on $360MM of Bank Facility Commitments
August 21, 2023Encina Lender Finance, LLC (ELF) announced today the closing of $360MM of funding commitments from nine banks.
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Women-owned Garment Manufacturer Receives $1,000,000 Traditional Factoring Facility
August 21, 2023A women-owned, Los Angeles-based women’s apparel manufacturing company recently sought funding to meet building demand. They chose Republic Business Credit to support their growth and Republic provided a $1,000,000 traditional factoring facility to double their sales in the first half of 2023.
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Tony Hurtado Named Orange County Relationship Manager at First Citizens Middle Market Banking
August 21, 2023First Citizens Bank today announced that its Middle Market Banking business has named Tony Hurtado as its relationship manager dedicated to cultivating business in Orange County, California.
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Katten Promotes 10 Attorneys to Partner
August 21, 2023Katten announced that 10 of its attorneys have been elevated to partner, approved unanimously by the firm’s Executive Committee, effective September 1.
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First Citizens Bank Completes $6.5 Million Credit Facility
August 21, 2023First Citizens Bank today announced that its CIT Commercial Services subsidiary has completed a $6.5 million credit facility with a California-based home furnishings and apparel importer.
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Republic First Bancorp, Inc. Receives Compliance Notice and New Notice of Non-Compliance from Nasdaq
August 21, 2023Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that, as anticipated, on August 11, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) notified the Company that because the Company’s Form 10-Q for the three months ended June 30, 2023 (the “Form 10-Q”) was not timely filed with the Securities and Exchange Commission (the “SEC”).
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Kirkland Advises NorthRiver Midstream Inc. on US$850 Million Senior Secured Term Loan Facility and Amendment to Existing C$400 Million Revolving Credit Facility
August 21, 2023The Kirkland team was led by debt finance partners Roald Nashi, Linda Zang and Greg Howling and associates Charles Martin, Jay Lee and Meng Ding.
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The Liberty Company Concludes Highly Successful $340 Million Credit Facility Offering
August 21, 2023The Liberty Company Insurance Brokers (Liberty), one of America’s fastest-growing privately held insurance brokerages, announced the completion of its $340 million refinancing transaction on July 31, 2023. The offering was well received by the banking community and was oversubscribed.
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MUFG Leads $100 Million Credit Facility for Sprout Social
August 21, 2023Mitsubishi UFJ Financial Group (MUFG) announced it acted as Administrative Agent and Collateral Agent on Sprout Social, Inc.’s new $100 million credit facility. Sprout Social is an industry-leading provider of social media management software.
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KKR Expands Focus on Climate Investing with Key Appointments to Global Infrastructure Team
August 21, 2023KKR, a leading global investment firm, today announced that Charlie Gailliot has joined the firm as a co-head for the firm’s global climate strategy, rounding out a leadership team focused on climate-related investments as part of KKR’s infrastructure platform.
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Zachary Bullock Named Senior Vice President, Commercial Banking Market Leader of Central PA
August 21, 2023PNC Bank, N.A, announced the promotion of Zachary Bullock to senior vice president and market leader for Commercial Banking in Central Pennsylvania. Based in PNC’s Lancaster office, Bullock will oversee PNC’s Commercial Banking team in the market, which serves businesses with annual revenues between $5 million and $100 million. He succeeds Milton Hefft, who retired at the end of July after 20 years with PNC.
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Shearman & Sterling Bolsters Latin America and Capital Markets Capabilities with Return of Attorney Alejandro Gordano
August 21, 2023Shearman & Sterling today announced that Alejandro Gordano is rejoining the firm as a Capital Markets partner in its award-winning Latin America group, based in New York.
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Peapack-Gladstone Bank Announces Promotions and New Hires
August 21, 2023Alexis Bachman has been elevated to the position of Vice President, Assistant BSA/AML Officer at Peapack-Gladstone Bank. Lisa Brandi joins Peapack Private, a division of Peapack-Gladstone Bank, as Managing Director, Treasury and Client Service Officer. Annmarie Cogliati has been promoted to Vice President, Client Service Team Leader, at Peapack Private Wealth Management.
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Greenbacker Secures $75 Million in Warehouse Facility Financing
August 21, 2023Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading climate-focused investment manager and independent power producer, announced today that it has closed on a new warehouse financing facility in an initial aggregate principal amount of $75 million, with the potential to increase up to $250 million.
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Cohn & Dussi Promotes Scott Lewis to National Account -- Customer Liaison and Team Coordinator
August 17, 2023Cohn & Dussi LLC is pleased to announce that Scott Lewis has been promoted to National Account – Customer Liaison and Team Coordinator.
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Avient Announces Debt Paydown and Term Loan Refinancing
August 17, 2023Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable solutions, today announced that it has successfully completed the repricing and extension of its senior secured term loan facility.
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AZZ Inc. Announces Successful Completion of Term Loan B Refinancing in Leverage-Neutral Transaction
August 17, 2023AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions in North America, today announced the successful repricing of AZZ's existing $1.03 billion Term Loan B due May 13, 2029.
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11 MHH Lawyers Named Best Lawyers in America® & Best Lawyers Ones to Watch in America® For 2024
August 17, 2023Best Lawyers in America has recognized 11 Moritt Hock & Hamroff lawyers in its 2024 edition. Four lawyers were included in The Best Lawyers in America® and seven lawyers were included in The Best Lawyers: Ones to Watch in America®.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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