- Eagle Point Holds Final Close on its Defensive Income Fund III, Exceeding its Original Hard Cap
- Faccorp Funds Three New Factoring Facilities so far Q1; Supporting Growth Across Security, Infrastructure, and Energy Sectors
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- First Business Bank Promotes Kevin McGraw To Vice President - Asset-Based Lending
- Baker Garrington and Liquid Capital Announce Recent Financings
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Mountain Ridge Capital (“Mountain Ridge”) and Great Rock Capital (“Great Rock”), today jointly announced the closing of a senior secured credit facility for HOP Energy, LLC (“HOP”). Founded in 1995 and headquartered in White Plains, NY, HOP Energy is a market-leading home services provider serving ~90,000 customers across two primary areas: distribution of home heating oil and the installation and servicing of HVAC systems, heat pumps, and other critical non-discretionary home services. HOP Energy is majority-owned by Delos Capital.
TSL Express Trending Story
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What if I don’t want to come back? Do I have to disclose whether I was vaccinated to my employer? What are the impacts of remote operations from a commercial real estate perspective? How does corporate culture survive in a remote or hybrid environment? What is the impact on career mobility? How are new technologies being deployed to revolutionize workflows and the customer experience in the equipment finance industry?
As the country continues to make its comeback after more than a year of fear and uncertainty from COVID-19, we are left with a lot of questions on what this all means about the work world—returning to offices and what the future will look like. In response to this, SFNet will host its first Innovation Conference, focusing on The Future of Work starting tomorrow, Wednesday, July 14 and July 21, 2021 from 12:00-3:00 EDT each day. The Conference will focus on what the world of secured finance will look like as we emerge from the crisis. Attendees will walk away with the knowledge of whether their business is leading, adapting or falling behind.
TSL Express Daily Headlines & News
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Tacora Resources Inc. Secures $75 Million of Debtor-In-Possession Financing and Files for Relief Under the CCAA to Complete Its Strategic Process
October 10, 2023Tacora Resources Inc. has obtained an order from the Ontario Superior Court of Justice (Commercial List) commencing proceedings under the Companies' Creditors Arrangement Act. The Initial Order includes, among other things: (a) a stay of proceedings in favour of Tacora; (b) approval of the DIP Facility; and (c) appointment of FTI Consulting Canada Inc. as monitor of Tacora.
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Showfields Files for Bankruptcy
October 10, 2023The multi-brand specialty retailer on Friday filed for Chapter 11 bankruptcy, following a continued decline in sales post-pandemic that left it unable to pay back mounting debt.
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Accord Financial Unleashes $40MM Financing to Growing Pet Supply Manufacturer
October 10, 2023Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announces the closing of a $40MM equipment lease line to a leading pet supply manufacturer and distributor.
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Star Mountain Capital Adds Former Head of U.S. Advisor Solutions Group at Goldman Sachs, Stephen DeAngelis as Senior Advisor
October 10, 2023Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with approximately $3.5 billion in assets under management (committed capital including debt facilities as of 9/30/2023) focused on generating premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Steve DeAngelis has joined as Senior Advisor.
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USD Partners Announces Waiver Extension Agreement Under Credit Agreement
October 10, 2023USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that it has entered into an agreement (the “Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced amendment to the Credit Agreement, dated as of August 8, 2023, from its original expiration date of October 10, 2023 to November 3, 2023 (the “New Expiration Date”).
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Citigroup to Sell China Consumer Wealth Business to HSBC
October 10, 2023Citigroup Inc (C.N) said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc (HSBA.L).
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding Issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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United Capital Funding issues $7.15MM in Total Credit Facilities During Q3 2023
October 10, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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J.S. Held Expands Turnaround & Restructuring, Corporate Finance, & Capital Raising Expertise with the Acquisition of Phoenix Management Services® and Phoenix IB®, a FINRA Registered Broker-Dealer
October 10, 2023Phoenix Management clients benefit from our working alongside J.S. Held experts with deep technical & scientific mastery and a unique understanding of intellectual property & intangible asset corporate value drivers.
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Liberty Media Corporation Announces Repricing of Formula 1 First Lien Term Loan B
October 9, 2023Liberty Media Corporation (“Liberty”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today the closing of the repricing of the $1,700 million first lien Term Loan B of a subsidiary of Delta Topco Limited, the Liberty subsidiary which holds all of its interests in Formula 1, the iconic global motorsports business.
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Citizens Advises VTG on its Recapitalization by A&M Capital Partners
October 9, 2023Citizens M&A Advisory announced today that it served as financial advisor to VTG, an industry-leading provider of modernization and digital transformation solutions to Defense and Intelligence customers, on its recapitalization by A&M Capital Partners.
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SFNet Member Spotlight: Charter Capital
October 9, 2023Charter Capital is a well-respected factoring company that has decades of industry experience. We are deeply rooted in the local community as well as in the finance and business sectors. Our team adheres to the highest ethical standards, keeps up to date on industry changes, and is dedicated to empowering business owners that might otherwise have limited access to the funding they need to sustain their business. In short, the relationships we’ve built over the years and continue to maintain have allowed us to serve you better.
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Womble Expands Denver Team With Return of Business Litigation Partner
October 9, 2023Womble Bond Dickinson announced today that John Hawk has rejoined the firm as a partner in the Business Litigation Group. Previously with Womble from 2006 to 2021, Hawk is the first partner addition to the Denver office since it was opened last month by leading global energy and natural resources team Scot Anderson and Ana Maria Gutiérrez.
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Green Dot Appoints Michelleta (“Mich”) Razon to its Board of Directors
October 9, 2023Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech committed to powering consumers and businesses with seamless and affordable banking and payment tools, today announced the appointment of Michelleta (“Mich”) Razon to its Board of Directors, effective immediately.
The Secured Lender
SFNet's The Women in Secured Finance Issue



