- Sallyport Commercial Finance Provides a $1.5 Million Boost for Post-CCAA Canadian Bakery
- Brean Capital Extends and Upsizes Corporate Note to $30 Million for North Mill
- Opifex-Synergy Secures $1.05 Billion in New Capital, Debuts in Public Bond Markets
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- American Signature’s Retail Boxes Create Expansion Opportunity for Growing Retailers
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
DHT Holdings, Inc. Announces $305 Million Financing
DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces a new $305 million secured credit facility. It is in line with the “DHT-style financing” including a six-year tenor and a 20-year repayment profile.
ING and Nordea are acting as joint coordinators and bookrunners with ING, Nordea, Crédit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. ING will act as agent for the credit facility, which was oversubscribed.
ING and Nordea are acting as joint coordinators and bookrunners with ING, Nordea, Crédit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. ING will act as agent for the credit facility, which was oversubscribed.
TSL Express Trending Story
Featured
SFNet Presents Live Online Women in Secured Finance Conference: Where Women Rise
On June 16 & 23, SFNet’s live online Women in Secured Finance Conference will bring together women who are looking to grow professionally, share experiences, celebrate successes and advocate for each other.
In response to feedback the WISF Committee has received from previous WISF conferences, SFNet is reimagining this year's event format by partnering with Corporate Class, Inc. to offer attendees an interactive, customized workshop focused on developing executive presence along with career progression and leadership skills.
WISF Committee chair, Paula Currie of PNC Bank, said, “After the past year of remote living and working, we all could use a recharge to help us get back in the game. This year’s WISF conference, promises to do just that! The two-day interactive workshop is facilitated by experienced and renowned instructors who will help you build the skills, tools and confidence needed to realize your full potential and take your career to the next level.”
TSL Express Daily Headlines & News
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Greenbacker Partners with RBC Community Investments to Complete one of Clean Energy Industry’s First Solar PTC Deals
August 14, 2023Greenbacker Capital Management (“GCM”), a leading renewable energy asset manager, announced today that, through an affiliated investment vehicle, it has completed a $148 million tax equity financing commitment with RBC Community Investments. The commitment—one of the very first tax equity deals to utilize the solar production tax credit (“PTC”)—is helping finance one of the largest solar projects in GCM’s fleet.
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Medalist Partners and Semper Capital Management Broaden Strategic Partnership
August 14, 2023Medalist Partners and Semper Capital Management have expanded their partnership in the structured credit space, with Medalist formally announcing plans to integrate the Semper Capital business onto its platform. As part of this process, various Semper Capital investment and support personnel will join Medalist where they will manage their existing strategies with the enhanced resources of the Medalist platform, while continuing to leverage the robust investment process developed within Semper Capital over the past 30 years
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Comerica Promotes Grant Simon to Senior Vice President, Group Manager, Technology and Life Sciences - San Francisco
August 14, 2023Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023. He will report to Robert Hernandez, Group Manager, TLS – California.
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Grant Thornton Appoints New Leaders to its Audit Quality & Risk Leadership Team
August 14, 2023Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately.
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Cambridge Savings Bank Supports Buyout of White Wood Kitchens with $2.6 Million in Financing
August 14, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $2.6 million in financing to support the acquisition and transition of ownership for White Wood Kitchens, the well-known kitchen and project management company in Cape Cod, MA, to former Information Technology leader, Anton Emelianov.
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Performance Shipping Inc. Announces Entry Into New Revolving Credit Facility With Nordea Bank at Favorable Terms Resulting in No Debt Maturities Prior To Mid-2027
August 10, 2023- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has successfully refinanced its existing loan facility dated July 24, 2019, by entering into an agreement for a Revolving Credit Facility (the “RCF”) of up to US$20,000,000 with Nordea Bank Abp, filial i Norge (“Nordea”), through separate wholly-owned subsidiaries of the Company, thereby extending the loan’s maturity date to 5 years from the signing of the agreement.
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Corvid Peak Expands Asset Management Platform
August 10, 2023Corvid Peak Capital Management LLC (“Corvid Peak”), a subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree” or the “Company”) announced today that it has reached an agreement in principle for the Coherence Capital Management (“Coherence”) team of Lazard Asset Management to join Corvid Peak. Coherence manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management, including the Coherence Long/Short Credit fund.
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Morgan Lewis Advises Invenergy on Closing of $1.5 Billion Revolving Credit Facility
August 10, 2023Morgan Lewis advised Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, on the closing of a $1.5 billion revolving credit facility to support Invenergy Renewables Operating I LLC and its parent company’s growing project development pipeline.
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Instant Brands Obtains Commitment for Additional Financing
August 10, 2023Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that it has received a commitment for an additional $30 million in new term loan financing from its existing lenders, increasing the amount of the term loan credit facility received by the Company to $162.5 million.
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Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus
August 10, 2023Proterra Inc (Nasdaq: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale.
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Cresset Names Bradley Schneider Head of Private Credit
August 10, 2023Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Michigan.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $250,000 factoring facility for a transportation company in British Columbia.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $200,000 factoring facility for a staffing company in Quebec.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $2,000,000 factoring facility for a semiconductor sales company in California.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Maryland.
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First Horizon Recognized by Forbes Magazine as One of America's Best Large Employers Of 2023
August 10, 2023First Horizon Corp. (NYSE: FHN or "First Horizon") has been recognized by Forbes Magazine as one of America's Best Large Employers. Forbes partnered with the market research firm Statista to compile a list of America's Best Large Employers.
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SumUp Secures New US$100 Million Credit Facility from Victory Park Capital to Accelerate its Merchant Cash Advance Product
August 10, 2023Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European markets in the near future.
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BHI Provides AM West of Medipower Group a $10 Million Revolving Line of Credit
August 10, 2023BHI, a full-service commercial bank, announced that it has closed a $10 million revolving line of credit for AM West, a Medipower (TASE:MDPR) Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with flexibility to pursue new asset acquisition opportunities as well as manage its day-to-day cash flow.
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Online Auction Features Uninstalled and Never-Used Equipment from Global Molded-Pulp Packaging Manufacturer
August 10, 2023Another tranche of molded-pulp packaging equipment from manufacturer Zume—known for creating anti-leak and compostable products for the global foodservice industry—goes to auction August 17 in a sale byTiger Group and Liquidity Services.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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