- Bally’s Corporation Amends and Restates Its Commitment Letter to Increase Term Loan Availability to $1.1 Billion
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- Republic Business Credit Supports Growth of UK-based Automotive Electronics Equipment Manufacturer with $3.5 Million Factoring Facility
- Citizens Survey Finds AI Investment Accelerating as Companies Capture Greater Efficiency Gains
- King & Spalding Elects 27 Partners and 17 Counsel for 2026
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Renasant Bank Acquires Republic Business Credit
Renasant Corporation (NASDAQ: RNST) (the “Company”) announced today that effective December 30, 2022, its wholly-owned subsidiary, Renasant Bank, has acquired Republic Business Credit (formally known as Continental Republic Capital, LLC) (“RBC”) in an all cash transaction. RBC is a market-leading commercial finance company with average earning assets in excess of $100 million. Founded in 2011, RBC has grown into a premier, tech-enabled independent commercial finance platform that provides factoring and asset-based lending solutions (“ABL”) to commercial borrowers nationwide with more than $8 billion in factoring originations alone since inception.
TSL Express Trending Story
Featured
Andrew joined with the goal of bringing his upmarket sophistication and breadth of experience to the lower middle market with the goal of helping SG Credit build a real credit platform. On Monday, May 24, SG Credit Partners announced the extension of its comprehensive credit platform exclusively serving lower middle market entrepreneurs and new website illustrating its expanded capabilities.
TSL Express Daily Headlines & News
-
First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility For Refinance
August 3, 2023Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11 million revolving line of credit, equipment term loan, and equipment CapEx line for an aviation/industrial/auto precision manufacturer in Illinois.
-
Natixis Corporate & Investment Banking Leads Financing for $1.5 Billion Sustainability-linked Revolving Credit Facility for Invenergy Renewables Operating I LLC
August 2, 2023Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.
-
Lottery.com Secures $50 Million Credit Facility and Successfully Restores Nasdaq Compliance
August 2, 2023Lottery.com, Inc. (NASDAQ: LTRY, LTRYW) ("Lottery.com" or the "Company") is pleased to announce two significant milestones in its journey towards revenue growth and stability. The Company has successfully regained compliance with another Nasdaq listing requirement and secured a credit facility with United Capital Investments London, Ltd. ("UCIL").
-
Griffon Announces Amended Credit Facility; Revolving Commitments Increased to $500 Million
August 2, 2023Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028.
-
PCF Insurance Services Secures $400 Million In Incremental Financing as Part of New Term Loan
August 2, 2023PCF Insurance Services ("PCF"), a top 20 U.S. insurance brokerage, announced today that it has closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 million in response to strong lender demand from new and existing lenders.
-
TIAA Completes Sale of TIAA Bank to Private Investors; Bank Now Doing Business as EverBank
August 2, 2023Achieving an important milestone in its strategic plan to refocus on the company's core retirement, wealth and asset management businesses, TIAA has completed the sale of TIAA Bank to private investors with extensive experience in financial services. The close of the transaction begins a new, independent chapter for the bank, now operating as EverBank, N.A. under a new national bank charter, focused on nationwide consumer and commercial banking growth and innovation.
-
Stellus Capital Management, LLC Provides Unitranche Financing in Support of Gauge Capital’s Acquisition of Craftable
August 2, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing in support of Gauge Capital’s (“Gauge”) partnership with Craftable, a leading hospitality-focused SaaS platform that provides back-of-house automation and management to the hospitality, food, beverage, and entertainment industries
-
Access Capital, Inc., Announces Alexandra Hough as Legal &Administrative Coordinator
August 2, 2023Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently welcomed Alexandra Hough to serve as its Legal &Administrative Coordinator. Alexandra brings with her valuable experience as a paralegal at Chaves Perlowitz Luftig LLP. She is a graduate of University of Delaware and is now attending New York Law School’s 4L Part-time Evening Program.
-
SLR Healthcare ABL Provides Financing to Surgical Support Company
August 2, 2023SLR Healthcare ABL is pleased to announce that it provided a $5 million asset-based lending revolving line of credit to a surgical support company.
-
JPalmer Collective Expands Team of Finance Industry Leaders
August 2, 2023JPalmer Collective, an asset-based lending company launched in March 2023, has expanded its team of finance industry veterans with the appointment of Celina Rambaran as Senior Vice President of Operations. Celina will play a critical role in shaping JPalmer’s operational strategy, building strong customer relationships and maximizing the company’s performance.
-
B. Riley Financial Affiliate Retained to Lead Store Rationalization for SALAMANDER
August 2, 2023B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley” or the “Company”), a diversified financial services platform, today announced its retail liquidation affiliate has been retained to assist in the restructuring and store rationalization of SALAMANDER (“Salamander”) in connection with the leading European shoe retailer’s recent insolvency.
-
ESG Theme Drives 28% QoQ Rebound in Global M&A Deal Activity During Q2 2023, Reveals GlobalData
August 2, 2023Global mergers and acquisitions (M&A) deals have shown a remarkable quarter-on-quarter (QoQ) rebound, surging by 28% from $469 billion during the first quarter (Q1) of 2023 to reach $602 billion during the second quarter (Q2) of 2023. After four consecutive quarters of decline, this growth signals a resurgence in deal-making activities driven by environmental, social, and governance (ESG) theme, according to GlobalData, a leading data and analytics company.
-
White Oak ABL and White Oak Commercial Finance Commit $70 Million to Credit Facility of Market Leading Textile Supplier
August 1, 2023White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other funds and accounts managed by White Oak Global Advisors, LLC, (collectively, “White Oak”), have closed a new $70 million commitment in a $225 million ABL credit facility to a leading private-equity owned home textile supplier, specializing in fashion top of bed, basic and utility bedding, and window coverings. The funds will be primarily used to provide for working capital.
-
MidFirst Business Credit Announces New Lending Relationship with iT1 Group
August 1, 2023MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to iT1 Group. Headquartered in Tempe, AZ, iT1 Group is a value-added reseller of computers and hardware and custom software solutions that combines business relationships with in-depth product knowledge to provide industry leading IT services and solutions.
-
Wingspire Capital Provides a Senior Credit Facility to Sunland Asphalt
August 1, 2023Wingspire Capital LLC (“Wingspire”) provided a senior credit facility to Sunland Asphalt & Construction, LLC (“Sunland”) as part of a refinancing that includes growth capital for the provider of asphalt paving maintenance and repair services.
-
TradeCap Partners Extends $1,500,000 Production Finance Facility to Family Office Backed Consumer Packaged Goods Company
August 1, 2023TradeCap Partners is pleased to announce the closing of a $1,500,000 production finance facility for a Northeastern0based consumer packaged goods company whose products can be found online and in-stores across the country.
-
Beacon Announces Closing of $600 Million Senior Secured Notes Offering and Completes Repurchase of Series A Preferred Stock
August 1, 2023Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon,” the “Company”, “we,” “us” or “our”) announced today that it has closed its previously announced private offering (the “Offering”) of $600 million aggregate principal amount of its 6.500% senior secured notes due 2030 (the “Notes”).
-
KKR Provides Financing for Freeman's Acquisition of Sparks
August 1, 2023Freeman, a global leader in events, today announced that it has acquired Sparks, a global brand experience agency. Terms of the transaction were not disclosed. J.P. Morgan is serving as exclusive financial advisor to Freeman, and King & Spalding LLP is serving as legal counsel to Freeman. Cozen O’Connor is serving as legal counsel to Sparks. Simpson Thacher & Bartlett LLP acted as legal counsel to KKR.
-
SG Credit Partners Announces a Senior Debt Investment in Skylight Frames
August 1, 2023Skylight, the leading digital photo frame and smart calendar brand, has raised $15 million in debt through its partnership with SG Credit Partners. As the company continues to grow profitably, the new capital will be used to support inventory purchases and ensure sufficient product stock to meet increasing demand.
-
First Citizens Bank Arranges $58 Million Financing for Tanger Houston
August 1, 2023First Citizens Bank today announced that its Middle Market Banking business has arranged $58 million in financing for Tanger Houston, an open-air outlet center located in Texas City, serving an attractive Texas metropolitan area.
The Secured Lender
SFNet's The 81st Annual Convention Issue
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")