- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- nFusion Capital Provides $2 Million Factoring Facility to Build Contractor’s Construction Division
- Haversine Funding Announces Recent Lender Finance Closings and Facility Expansions
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- Market Sizing & Impact Study 2023
TSL Express Daily Articles & News
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King Trade Capital Closes a $8 Million PO Finance Facility
King Trade Capital is pleased to announce the completion of a $8 million purchase order finance facility for a popular growing sorbet brand.
King Trade Capital was introduced to the client by an Investment Bank looking for a finance solution to replace a previous lender that was not capable of keeping up with the company’s growth.
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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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Eastern Bank Welcomes Richard Norberg As Vice President, Underwriter And Portfolio Manager, Asset-Based Lending
January 2, 2024Eastern Bank is pleased to welcome Richard Norberg as Vice President, Underwriter and Portfolio Manager focused on asset-based lending. Based in Boston, Mr. Norberg’s experience spans asset-based lending as well as broader commercial lending, primarily focused on executing and managing asset-based lending solutions for a diverse range of both retail and C&I clients.
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Parker Hudson Names Wes Pickard, Tara Ravi, and Matthew M. Weiss to the Partnership
January 2, 2024Parker, Hudson, Rainer & Dobbs LLP is pleased to announce real estate attorney Wes Pickard, healthcare attorney Tara Ravi, and bankruptcy attorney Matthew M. Weiss have been admitted to the partnership as of January 1, 2024.
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Armstrong Teasdale Elects Richard Engel to Managing Partner
January 2, 2024Over the course of its 123-year history, Armstrong Teasdale has enjoyed a proud tradition of strong and visionary leadership. In keeping with that tradition, Armstrong Teasdale is proud to announce that effective Jan. 1, 2024, Richard (Rick) W. Engel, Jr. has been elected managing partner.
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Verona Pharma Secures Debt Facility Of Up To $400 Million
January 2, 2024Verona Pharma plc (VRNA) on Tuesday announced that its unit Verona Pharma, Inc. has entered into a debt financing with Oxford Finance LLC and Hercules Capital, Inc. (HTGC) to the tune of up to $400 million.
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Fourshore Partners Announces Acquisition of Power Funding
January 2, 2024Fourshore Partners (Fourshore) announced today its acquisition of Power Funding (“Power”; “Company”), a premier factoring company focused on the oil & gas and transportation industries.
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Culain Capital Funding Closes $250,000 for School Supplies Company
December 21, 2023More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital. The latest is a Georgia based School Supplies company that services various schools throughout the United States, which just received a $250M accounts receivable factoring facility through Culain Capital.
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Harmonic Announces New $160 Million Credit Facility
December 21, 2023Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, N.A., co-led by JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, and includes HSBC and MUFG as additional lenders. The Credit Facility replaces the Company's existing $25 million line of credit with JPMorgan Chase Bank, N.A.
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KonaTel Announces Closing of a $5 Million Secured Credit Facility
December 21, 2023KonaTel, Inc. (OTCQB:KTEL) (www.konatel.com), a voice/data communications holding company, announced that to support the expansion of its wholly owned subsidiary, IM Telecom LLC /d/b/a Infiniti Mobile a national Lifeline and ACP provider, it has closed a secured credit facility with ACP Financing VII LLC ("ACP Finance").
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Travel + Leisure Co. Successfully Reprices and Upsizes Secured Term Loan B Facility to $598 Million
December 21, 2023Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).
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North Avenue Capital Facilitates $1.8 Million USDA REAP Loan for SEPV Cuyama, LLC's Renewable Energy Project
December 21, 2023North Avenue Capital (NAC), a leading provider of USDA Rural Development Program financing across America, is pleased to announce the successful closing of a $1.8 million USDA Rural Energy for America Program (REAP) Loan for SEPV Cuyama, LLC (SEPV). As an industry leader, NAC's alignment with the renewable energy sector demonstrates its commitment to bolstering innovation and sustainability across rural America.
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Private Equity Veteran Kelly Williams Joins Blank Rome in Houston
December 21, 2023Blank Rome LLP is pleased to announce that A. Kelly Williams has joined the firm’s Houston office as senior counsel in the Corporate, M&A, and Securities group. Kelly will focus his practice on advising clients, including private equity funds, portfolio companies, financial institutions, and privately held businesses, on structuring and implementing acquisitions, divestitures, and financing transactions, as well as providing strategic business counsel to support future growth.
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Many Multiunit Restaurant Chains Need to Reboot Their Balance Sheets
December 21, 2023Post-pandemic shifts necessitate more efficient operations and portfolios, advises Joe McKeska of A&G, along with fellow panelists at major restaurant industry conference
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Hilco Global Warms the Winter by Providing Coats to Asylum Seekers and the Homeless
December 21, 2023Hilco donates over 8,000 new winter coats to those in need and living in shelters in Chicago, IL, Boston, MA, Philadelphia, PA, and Alexandria, VA.
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US Private Credit: Stone Point Leads Financing for Vensure Employer Solutions
December 21, 2023Vensure Employer Solutions, a leading provider of HR/HCM technology, managed services, and global business process outsourcing, today announced that Stone Point Capital Markets, a division of Stone Point Capital LLC, a private equity firm based in Greenwich, Connecticut, led a senior secured financing of $500 million to support Vensure Employer Solutions.
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Amerisource Closes $5,000,000 Working Capital Facility for Manufacturer
December 21, 2023Amerisource Business Capital announced the closing and funding of a $5,000,000 working capital facility for a Texas-based manufacturer of outdoor recreational products. The proceeds were used to refinance the company's existing bank line and support its ongoing working capital needs.
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Origis Energy Closes $344 Million Project Construction and Term Loan Facility with MUFG
December 20, 2023Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG, a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.
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Pathlight Capital Closes Third ABL Credit Fund with $860 Million of Commitments
December 20, 2023Pathlight Capital LP ("Pathlight") announced today the final closing of its third fund, Pathlight Capital Fund III LP ("Fund III") as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP (the "Evergreen Fund" and together with Fund III, the "Fund").
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Catalent Announces Closing of Incremental Term Loans
December 20, 2023Catalent, Inc. announced today that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., as borrower, and certain other wholly owned subsidiaries of Catalent, entered into an amendment, dated as of December 19, 2023, to its existing credit agreement for the issuance of new incremental term loans in an aggregate amount of $600 million, which was upsized due to very strong lender demand.
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World Renowned Banking and Financial Restructuring Team Joins Greenberg Traurig
December 20, 2023Leading banking, finance, and restructuring lawyer Kalyan “Kal” Das joined Greenberg Traurig, LLP along with Sharan Calay and Andrew Silverstein. They join from Seward & Kissel, where Das has spent over three decades and was head of its Global Bank and Institutional Finance & Restructuring Practice.
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Simpson Thacher Adds Prominent Fund Finance Partner in London
December 20, 2023Ranked by Chambers as one of the leading lawyers in banking and finance, Katie focuses on fund finance matters, advising borrowers across numerous fund strategies, as well as private credit lenders, on the full spectrum of products available in the market. Her work includes advising on subscription financings, NAV and hybrid financings, secondaries, GP-support debt facilities and equity products.
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