- Monroe Capital Launches Monroe Capital Enhanced Corporate Lending Fund (MLEND)
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
- Sallyport Commercial Finance Provides a $1.5 Million Boost for Post-CCAA Canadian Bakery
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TSL Express Daily Articles & News
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Evans Transportation Services Inc. announced it has closed a new credit facility with PNC Bank, N.A. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018. Officials said newly expanded resources add support for Evans’ scalable growth, while allowing the company to return meaningful value to its client-carriers.
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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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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.
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Theratechnologies Announces Amendments to its Term Loan Facility With Affiliates of Marathon Asset Management
July 31, 2023Theratechnologies Inc. (“Theratechnologies”, the “Company”, or “we”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it entered into an agreement with certain funds and accounts for which Marathon Asset Management, L.P. acts as investment manager.
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MidFirst Business Credit Announces New Lending Relationship with Alcrete Industries, LLC
July 31, 2023MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Alcrete Industries, LLC (Alcrete). Headquartered in Pell City, AL, Alcrete is a manufacturer of precast concrete products used in new construction projects. The funds were used for an add-on acquisition, to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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Encina Private Credit Serves as Revolver Agent and Term Loan Lender to Support Visual Edge it with Additional Growth Capital and Refinancing of Senior Credit Facility
July 31, 2023Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Revolver Agent and Term Loan lender for a senior secured credit facility to support Visual Edge IT™ (VEIT) long term growth. Visual Edge IT, which specializes in managed IT services and security, cloud computing, and print/copy solutions for businesses across the U.S., has received new capital commitments from Encina Private Credit and funds managed by Ares Management totaling $40 million which the Company intends to use to support its long-term growth objectives.
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Parker Hudson Strengthens Litigation Team with Three New Additions in Atlanta
July 31, 2023Parker, Hudson, Rainer & Dobbs LLP strengthened its Litigation team recently with the addition of two seasoned Of Counsel, R. David Gallo and Drew Stevens, and Associate E. Wylly Killorin III. The new hires complement the firm’s nationally recognized capabilities serving our clients in complex commercial litigation across industries, including healthcare, franchise, insurance coverage, and real estate.
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Mitsubishi HC Capital Canada Providing $55M Funding Facility to Dynamic Capital EF
July 31, 2023Progressive Capital Equipment Finance Inc. (Progressive Capital) announced today that its wholly owned subsidiary, Dynamic Capital Equipment Finance (Dynamic Capital), has secured a $55 million funding facility with Mitsubishi HC Capital Canada.
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Triumph Appoints Jason Heilig Chief Technology Officer of Factoring Division
July 27, 2023Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Jason Heilig to the position of chief technology officer of its factoring division. He will continue to report to Tim Valdez, president of Triumph’s factoring division.
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Third Eye Capital Announces Appointment of David Steele as President and Chief Operating Officer
July 27, 2023Third Eye Capital (“TEC” or the “Company”), Canada’s leading provider of asset-based financing solutions to underserved or overlooked companies, is pleased to announce the appointment of David Steele as President and Chief Operating Officer, effective August 15, 2023.
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Neuberger Berman Closes Second Credit Opportunities Fund at $2.5bn
July 27, 2023Private, employee-owned investment firm Neuberger Berman has held the final close of the NB Credit Opportunities Fund II with approximately $2.5bn in limited partner capital commitments, exceeding the fund's initial target of $1.5bn.
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Hilco Commercial Industrial Unveils Strategic Changes and Reinforces Commitment to Actionable Capital Solutions in the Middle-Market
July 27, 2023Hilco Commercial Industrial (HCI), a leading investment platform specializing in asset-based capital solutions, is proud to announce exciting organizational changes aimed at bolstering its commercial and industrial investment capabilities. Leveraging Hilco Global's extensive asset valuation expertise and operational proficiency, HCI is set to deliver exceptional value to middle-market industrial businesses across North America.
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Gordon Brothers Provides Allstar Marketing Group $6M Credit Facility for Refinancing & Working Capital
July 27, 2023Gordon Brothers, the global advisory and investment firm, has provided Allstar Marketing Group LLC a $6 million first-in, last-out loan that will be a part of a new $50 million credit facility. The U.S.-based multichannel marketing services company will use the facility to refinance its current indebtedness and finance its ongoing working capital needs.
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Alvarez & Marsal Appoints Mark Dorn as Senior Director in its Private Equity Performance Improvement Group
July 27, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced that Mark Dorn will join the firm’s Private Equity Performance Improvement (PEPI) practice as a Senior Director focused on private equity (PE) and corporate clients within the Aerospace, Defense, Aviation & Space (ADAS) group.
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Womble Expands Bankruptcy Footprint Into New York With Partner Trio
July 27, 2023Womble Bond Dickinson announced today that Edward Schnitzer, David Banker, and Wojciech Jung have joined the Capital Markets practice and Bankruptcy team in New York. Schnitzer and Banker join the firm from Montgomery McCracken; Jung joins from Lowenstein Sandler.
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B. Riley Advises Galata Acquisition Corp. on its Business Combination with Marti Technologies
July 27, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive capital markets advisor and sole placement agent to NYSE-listed special purpose acquisition company, Galata Acquisition Corp., in its $541 million business combination with Marti Technologies Inc. and $35.5 million convertible note PIPE.
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Breakout Capital Secures $45 Million Credit Facility Led by Synovus Bank
July 26, 2023Breakout Capital, a leading fintech company simplifying access to capital for small businesses, announced today the completion of a $45 million credit facility in which Synovus Bank will provide the senior credit facility and an Austin, Texas-based credit fund, will provide the subordinate credit facility. Under the terms of the agreement, Breakout may now obtain funding through Synovus by accessing $35 million of committed capacity with an additional $10 million uncommitted.
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Haversine Funding Announces Recently Closed Transactions
July 26, 2023Haversine Funding announced the following recently closed transactions: $1,000,000 senior secured, lender finance line of credit to a transportation factoring company in the Southeast.
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Haversine Funding Announces Recently Closed Transactions
July 26, 2023Haversine Funding announced the following recently closed transactions: a $5,000,000 of a $20,000,000 asset-based lending participation to an infrastructure services business
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Haversine Funding Announces Closed Transactions
July 26, 2023Haversine Funding announced the following closed transactions: $25,000,000 senior, lender finance line of credit to a factor and asset based lender. This comprehensive credit facility also includes a supplemental “gap” funding line, with advances up to 95% of eligible loans.
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LSQ Creates $30MM Credit Facility, AR Management Program for New York-based Pharma Company
July 26, 2023LSQ, a leading provider of working capital financing and payments solutions, recently originated a $30 million credit facility for a New York manufacturer, packager and distributor of pharmaceutical and consumer healthcare products.
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Zions Bancorp. Completes ABL Deal with Provider of OCTG Goods & Services
July 26, 2023Zions Bancorporation, N.A., through its Texas division, Amegy Bank, closed and funded a $20,000,000 credit facility for an energy-focused private equity-owned provider of oil country tubular goods and services. The credit facility consisted of a multi-year revolving line of credit.
The Secured Lender
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