- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
- Rosenthal Capital Group Closes Two Purchase Order Financing Transactions Totaling $5 Million
- SFNet Market Pulse
- nFusion Capital Provides $2 Million Factoring Facility for a Staffing Company
- Access Capital Supports Nelson Connects’ Next Chapter of Growth
TSL Express Daily Articles & News
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Brookline Bancorp, Inc. Announces Receipt of Regulatory Approvals for the Acquisition of PCSB Financial Corporation
Brookline Bancorp, Inc. (NASDAQ: BRKL) (“Brookline”) today announced that it has received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, New York State Department of Financial Services and Massachusetts Board of Bank Incorporation necessary to complete its acquisition of PCSB Financial Corporation (NASDAQ: PCSB) (“PCSB”). Brookline and PCSB anticipate closing the transaction on January 1, 2023, subject to the satisfaction of customary closing conditions.
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Tim Knight is the vice president and senior managing partner with ThinkingAhead, where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
This is Tim’s 25th year in executive search. Prior to joining ThinkingAhead, he was with Southwestern Advantage as a District Sales Manager recruiting and training salespeople. Including his college summers, Tim has been with Southwestern Family of Companies for 35 years. In his 24 years with ThinkingAhead, he has personally filled over 400 engagements for clients and his teams over 2300 professionals placed with client companies and is the all team leader in personal production for ThinkingAhead.
TSL Express Daily Headlines & News
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Amplify Energy Announces Closing of New Revolving Credit Facility
August 1, 2023Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced the closing of a new senior secured reserve-based revolving credit facility with Keybanc Capital Markets Inc., Cadence Bank, N.A. and Citizens Bank, N.A. as joint lead arrangers and KeyBank National Association as the administrative agent (the "New Credit Facility").
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Apollo Leads Deal to Provide Trucking Firm Yellow With Bankruptcy Loan
August 1, 2023Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people with knowledge of the matter.
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FTX Debtors File Initial Plan of Reorganization and Term Sheet
August 1, 2023FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the "FTX Debtors"), today announced the filing of its initial Plan of Reorganization (the "Plan") and related Term Sheet (the "Term Sheet") with the U.S. Bankruptcy Court.
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Monroe Capital Expands Technology Finance Group with Jeff Kaye Hire
August 1, 2023Monroe Capital LLC today announced the expansion of its technology finance originations group with the addition of Jeff Kaye as Managing Director, based in Chicago. He is responsible for originating, structuring, and executing new investments within the software and technology sector.
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Ares Management Corporation Announces U.S. Direct Lending Origination Activity for the Second Quarter and Last Twelve Months 2023
August 1, 2023Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $4.1 billion in U.S. direct lending commitments across 51 transactions during the second quarter of 2023 and approximately $20.2 billion in direct lending commitments across 181 transactions in the last twelve-month period ended June 30, 2023.
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Texas Judge Partially Blocks Small Business Loan Rule
August 1, 2023A Texas judge on Monday ruled that many lenders need not comply with a Consumer Financial Protection Bureau (CFPB) mandate to gather demographic data on small business borrowers while the U.S. Supreme Court weighs the agency's funding.
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SFNet New Member Spotlight: Alternative Fund Advisors (AFA)
July 31, 2023Alternative Fund Advisors (AFA) offers institutional quality private investment strategies in a convenient registered fund format for fiduciary advisors seeking to enhance clients' portfolio exposures. AFA manages the AFA Multi-Manager Credit Fund, a closed-end fund that seeks to provide high levels of income by investing in private credit strategies.
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Harmony Biosciences Enters Into $185 Million Term Loan Facility
July 31, 2023Harmony Biosciences Holdings, Inc. ("Harmony") (Nasdaq: HRMY), a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, today announced it has entered into a new $185 million senior secured term loan facility with a bank syndicate.
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Versant Funds $4.8 Million Non-Recourse Factoring Transaction to Commercial Bakery
July 31, 2023Versant Funding LLC is pleased to announce it has funded a $4.8 million non-recourse factoring transaction to a commercial bakery which serves major grocery chains.
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First Citizens Bank Provides $50.3 Million to Refinance the Medical Pavilion at White Oak on the Campus of Adventist White Oak Medical Center
July 31, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on campus medical office building located adjacent to the Adventist White Oak Medical Center in Silver Spring, Maryland.
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Celtic Capital Corporation Provides Financing for California-based Tank Truck Hauler
July 31, 2023Celtic Capital Corporation today announced its most recent new client relationship – a California-based tank truck hauler of gasoline, diesel, oil and other related products.
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Alvarez & Marsal Tax Names Three Managing Directors to Deepen and Expand its Offerings in the US And UK
July 31, 2023Alvarez & Marsal Tax (A&M Tax), an independent tax group made up of experienced tax professionals and part of Alvarez & Marsal, LLP (A&M) announced the appointment of Ms. Amanda Bowker (US), Mr. Chad Woodfork (US), and Mr. Rhys Owen (UK) as Managing Directors.
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FinWise Bancorp Announces Additional Ownership Stake In Business Funding Group (BFG)
July 31, 2023FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that it has entered into a membership interest purchase agreement with Business Funding Group, LLC (“BFG”) and four members of BFG (“Sellers”), in which FinWise will acquire an additional 10% ownership and voting interest in BFG, bringing the total ownership to 20% upon closing.
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ChargePoint Secures $150 Million Revolving Credit Facility with JP Morgan, HSBC, Citi and Goldman Sachs
July 31, 2023ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced a new credit agreement which provides for a $150 million revolving credit facility led by J.P. Morgan Chase Bank as Administrative Agent and Joint Lead Arranger, HSBC Innovation Banking as Joint Lead Arranger, and both Citi and Goldman Sachs as Documentation Agents.
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MidFirst Business Credit Announces New Lending Relationship with Chase Products Co.
July 31, 2023MidFirst Business Credit (MFBC) announced it has recently provided a $9.5 million working capital and term facility to Chase Products Co (Chase). Headquartered in Broadview, IL, Chase is a manufacturer and leader of aerosol solutions serving diverse end markets, including household products, coatings and paints, automotive, personal care, janitorial, industrial and institutional and arts and crafts.
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Barnes & Noble Education Enters Agreement with Key Financial Stakeholders and Strategic Partners to Strengthen Financial Position and Support Growth Initiatives
July 31, 2023Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today announced that it has entered into an agreement with its financial stakeholders and strategic partners on the terms of a refinancing that would immediately strengthen the Company’s liquidity and overall financial positions by extending the maturity of its debt facilities, amending certain credit facility covenants and modifying certain other agreements.
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Cineworld Reveals $250 Million Credit Facility, Share-Trading Suspension as Restructuring Moves Forward
July 31, 2023The multinational Cineworld cinema chain has secured a new revolving credit facility of $250 million as part of its restructuring process. Cineworld recently revealed details of a planned restructuring that will allow it to exit U.S. Chapter 11 bankruptcy strictures. The U.K.-listed company owns or operates cinemas in the U.K., continental Europe and the U.S.’s Regal chain.
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Pacific Valley Bank Welcomes New Chief Financial Officer
July 31, 2023Pacific Valley Bank is proud to welcome Steve Leen as its new Chief Financial Officer (CFO), effective August 1, 2023. Steve brings an unmatched level of experience and knowledge to the team, with over thirty years in the financial industry. As CFO for two larger Bay Area institutions, Mr. Leen has overseen IT, Compliance and Operations, and most recently concluded an Interim CFO term for United Security Bank in Fresno in the fourth quarter of 2022. Steve is an ideal fit for the role of CFO at Pacific Valley Bank.
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SouthState Forms Small Business Banking Team
July 31, 2023SouthState Bank recently launched a comprehensive small business banking team to meet the growing demand in its Southeastern footprint.
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Goldman Sachs Asset Management Executive Salisbury Departs for Sixth Street
July 31, 2023Goldman Sachs (GS.N) executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his incoming firm said, marking yet another high-profile exit from Goldman.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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