- The Hedaya Capital Group Powers Client Growth With $33 Million in 2026 Factoring and Inventory Financing Facilities
- Encina Commercial Finance Provides $51 Million First-Out Financing as Part of $90 Million Unitranche Supporting Caymus Equity's Acquisition of Midwest Dental Arts
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
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- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
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Ares Commercial Finance Provides $31.2 Million Senior Secured Credit Facility to Leading Manufacturer and Distributor of Home and Garden Equipment
Ares Commercial Finance announced today that it has provided a $31.2 million senior secured credit facility for a family-owned and operated manufacturer and distributor of high-quality home and garden equipment for professional and consumer use. The credit facility consists of an asset based revolving line of credit and M&E term loan.
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Interview with SFNet President Peter B. York
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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Arlington Capital Partners Announces the Formation of Keel, a New Leader in Defense Manufacturing, and its Acquisitions of Merrill Technologies Group and Metal Trades, LLC
January 30, 2024Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm, today announced the formation of Keel Holdings, LLC (“Keel” or the “Company”), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.
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SoFi Breaks Down Barriers to Investing By Offering Alternative Investments
January 30, 2024SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors access to the power to build and protect their wealth through investment opportunities traditionally reserved for the ultra wealthy.
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Churchill Asset Management Completes $400 Million Middle Market CLO Offering
January 30, 2024Churchill Asset Management LLC, an investment specialist of Nuveen that provides customized financing solutions to U.S middle market-focused private equity sponsors and their portfolio companies, today announced the closing of a $400 million middle market collateralized loan obligation (“CLO”), Churchill MMSLF CLO III, on January 24, 2024.
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Commercial Finance Partners Provides $500,000 AR Financing to Emerging Specialty Staffing Firm
January 30, 2024Commercial Finance Partners announces the funding of a $500,000 accounts receivable (AR) financing facility to a new specialty staffing company. This financial support is designed to enhance the company's ability to manage and expand its operations.
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Mayer Brown Strengthens Global Trade and Structured Finance Capabilities With Addition of Partner Janelene Chen in Singapore
January 29, 2024Mayer Brown announced today that Janelene Chen has joined the firm's Banking & Finance practice as a partner in Singapore, where she will focus on trade and other structured finance transactions. She joins from Norton Rose Fulbright where she was a partner.
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Gridiron Capital Portfolio Company Leaf Home™ Appoints Scarlett O’Sullivan as Chief Financial Officer
January 29, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, Leaf Home™, a leading technology-enabled and direct-to-consumer provider of home improvement products and solutions, has named Scarlett O’Sullivan as the Company’s Chief Financial Officer. I
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PPL Group LLC to Conduct a Large, 3-day Auction Sale of Superior Die Set Corp
January 29, 2024PPL Group LLC is conducting a large, 3-day auction sale of Superior Die Set Corp in Oak Creek, WI. Features late model grinding, vertical and horizontal machining, turning, fabrication, and heat treat equipment. Sale starts January 31.
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Triscoli Joins Entrepreneur Growth Capital
January 29, 2024Entrepreneur Growth Capital (“EGC”) is pleased to announce that Joe Triscoli has joined as Senior Vice President. Based in South Florida, Joe will be responsible for both business development and portfolio management.
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flyExclusive Announces $25 Million Strategic Investment from ETG FE, LLC
January 29, 2024flyExclusive (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global.
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OHA is the Lead Left Arranger of Greenway Health’s Private Unitranche Financing
January 29, 2024Oak Hill Advisors (“OHA”) served as the Lead Left Arranger of a private unitranche financing for Greenway Health, a provider of electronic health record and practice management solutions to the U.S. ambulatory market. OHA committed to half of the $375 million term loan used to refinance the company’s maturing syndicated first lien debt.
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AGS Announces Plans to Explore Refinancing of Its Term Loan Credit Facility and Voluntarily Repay Up to $15 Million of Its Total Debt Outstanding
January 29, 2024PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company") today announced plans to explore a refinancing of its term loan credit facility, which may include decreasing the interest rate required to be paid under such facility.
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Union Square Advisors Remains Optimistic That Tech Deal Activity Will Ramp Up in 2024
January 29, 2024Optimistic that deal making will increase this year, Union Square Advisors, a technology-focused investment bank, today released their 2024 Outlook Report, "The Logjam Begins to Break."
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Kirkland’s Secures Additional Debt Financing
January 29, 2024Kirkland’s has secured additional debt financing to support its strategic repositioning efforts. The specialty retailer of home décor and furnishings said it has entered into a supplemental credit facility on Jan. 25, 2024, which will increase its available credit by up to $12 million. Kirkland's Home secured the financing through a new first-in last-out, asset-based, delayed-draw term loan facility.
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Loeb Funds $13.8mm in Term Loans in Q4 2023 to Help Three Companies with Working Capital
January 29, 2024Loeb continues to help their clients in this challenging economic environment where traditional lenders refuse to lend. In Q4 of 2023, Loeb funded $13.8 Million in machinery and equipment term loans in diverse industries. Simply by extracting working capital from their existing M&E, these three companies will continue to move forward without a hitch.
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Atwell Enters Into $200 Million Senior Credit Facility with Lending Group led by Bank of America
January 29, 2024Atwell, a leading consulting, engineering, and construction services firm, has announced that it has secured a $200 million senior credit facility with a lending group led by Bank of America. Also included in the lending group are U.S. Bank, TD Bank, and Old National Bank.
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TCW Launches New Asset-Backed Finance Business
January 29, 2024The TCW Group, a leading global investment firm with over $200 billion of assets under management, announced today the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.
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LBC Credit Partners Promotes Homyar Choksi to Deputy Chief Investment Officer
January 29, 2024LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies and a division of CIFC Asset Management LLC (“CIFC”), today announced the promotion of Homyar Choksi to Deputy Chief Investment Officer. Based in LBC’s Radnor, Pennsylvania headquarters, Mr. Choksi will continue to serve on the firm’s Investment Committee and lead the originations team while assuming additional investment responsibilities.
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JPMorgan Chase Announces Expanded Roles for Top Executives
January 29, 2024JPMorgan Chase (NYSE—JPM) today announced new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.
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Hilco Corporate Finance Expands Its Investment Banking Practice with the Addition of Mark Birkett as Senior Managing Director for Capital Advisory
January 29, 2024Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, has named Mark Birkett Senior Managing Director for Capital Advisory. He will be based in HCF's Chicago office.
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SBA Communications Completes $4.05 Billion Senior Secured Financing
January 29, 2024SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").
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