TSL Express Daily Articles & News
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Rosenthal Broadens Its Financing Offerings to Span Both Recourse and Non-Recourse Factoring
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the launch of a new recourse factoring program designed to meet the unique financing needs of growing service businesses and light manufacturing or assembly businesses. An alternative to bank financing, Rosenthal’s recourse factoring offering is an excellent solution for start-ups, turnarounds and companies that are not yet profitable due to rapid growth.
TSL Express Trending Story
Featured
SFNet's Cross-Border Lending Summit is back in a two-part virtual conference and will explore what the cross-border ABL world looks like now. The event will be live online over two days, Thursday, Sept. 23 and Thursday, Sept. 30 from 10:00 a.m.-12:00 p.m. EDT each day.
The Summit will discuss:
- the UK—First it was Brexit, then it was COVID, then it was sausages. Now what?
- A deep dive into the Luxembourg pool to consider Luxco lending structures for the first time
- A two-part exploration of cross-border ABL financing in 2021 and beyond. Are there now two universes?
Thank you to our conference sponsor, Winston & Strawn LLP.
TSL Express Daily Headlines & News
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ACME Credit Partners Announces Credit-Focused Investment Strategy to Target Lower Middle-Market Opportunities
October 5, 2023ACME Credit Partners LLC, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market. ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors at Cerberus Capital Management — along with Charles Widger, an industry veteran.
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New Wolters Kluwer Technology Helps Banks Address Basel Compliance
October 5, 2023Wolters Kluwer has introduced technology as part of its ongoing work to help banks comply with Basel reporting requirements. OneSumX for Basel is the latest addition to the company’s OneSumX suite of regulatory technology offerings.
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SLR Healthcare ABL Provides $16 Million to Skilled Nursing Operator
October 5, 2023SLR Healthcare ABL is pleased to announce it provided a $16 million asset-based revolving line of credit to a skilled nursing operator.
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Taiga Announces $15 Million Term Loan Agreement and Provides a Production Update
October 4, 2023Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, announced that it has entered into a $15 million Secured Term Loan Agreement with Export Development Canada ("EDC"). The loan will support the Company's continued growth towards producing approximately 1,000 vehicles in 2023.
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Associated Bank's Jay Williams named to List of Influential Leaders
October 4, 2023Associated Bank today announced that Jay Williams, Associated Banc-Corp Board of Directors Chairman, has been named one of the most influential leaders in corporate governance by the National Association of Corporate Directors (NACD) as part of their 2023 NACD Directorship 100™, an annual list of leading corporate directors and governance advocates.
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Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
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Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
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Sallyport Commercial Finance Provides a $1M Facility for Lighting Manufacturer
October 4, 2023Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee. The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years.
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US Capital Global Provides $330 Million Financial Advisory for Entertainment Mega-Complex in the Southeastern United States
October 4, 2023US Capital Global has advised on $330 million debt and equity financing for a limited liability company developing an entertainment mega-complex in the Southeastern United States. The planned theme park aims to feature rollercoasters, raised walkways with observation decks, a selection of leading restaurant brands, shopping facilities, and a variety of popular themed rides and entertainment features.
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Crescent Private Credit Income Corp. Launches with $150 Million Seed Capital Investment from SLC Management
October 4, 2023Crescent Capital Group (“Crescent”), a leading alternative credit investment firm, announced today the launch of Crescent Private Credit Income Corp. (“CPCI”), a non-exchange traded, perpetual-life business development company (“BDC”). CPCI’s Registration Statement on Form N-2 in connection with its initial public offering of common stock has been declared effective by the U.S. Securities and Exchange Commission
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New Heritage Capital Welcomes Greg Katz as Vice President of Business Development
October 4, 2023New Heritage Capital, a leading private equity firm specializing in investing alongside middle-market founder-owned businesses, is pleased to announce the appointment of Greg Katz as Vice President of Business Development.
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Hammerhead Energy Inc. Announces Expanded Credit Facility and Repayment of Term Debt
October 4, 2023Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS; NASDAQ: HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023.
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MKS Instruments Completes Repricing of Secured Term Loan B
October 4, 2023MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, announced today that it successfully completed the repricing of its existing $3.6 billion secured tranche B term loan.
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Armory Securities, LLC Announces the Sale of the Assets of Aruze Gaming America, Inc
October 4, 2023Armory Securities, LLC is pleased to announce the successful sale of the assets of Aruze Gaming America, Inc (“Aruze”) via §363 auction under the U.S. Bankruptcy code. Armory served as exclusive financial advisor to Aruze in connection with the transaction
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Alvarez & Marsal's Global Transaction Advisory Group Names Lawrence Ferrara Global Chief Learning Officer
October 4, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Lawrence Ferrara as a Senior Director and Global Chief Learning Officer in its Global Transaction Advisory Group (TAG).
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PNC Bank Buys $16.6B Capital Commitment Portfolio From Signature Bridge Bank
October 4, 2023PNC Bank purchased a $16.6 billion portfolio of capital commitments facilities from Signature Bridge Bank, N.A., the Pittsburgh-based financial institution said Tuesday in a statement.
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FrontWell Capital Partners Provides USD$25 Million Senior Secured Credit Facility to Borealis Foods Inc.
October 3, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$25 million secured credit facility with Borealis Foods Inc. (“Borealis”), a fast-growing food tech company with a mission to serve growing consumer needs and global food challenges through its development of nutritious, healthy, and affordable ready-to-eat meals.
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Fora Financial Closes New Debt Financings, Further Diversifying Capital Structure
October 3, 2023Fora Financial, a leading provider of flexible financing to small- and medium-sized businesses nationwide, today announced the closings of a $130 million revolving credit facility and $10 million investment-grade rated corporate note.
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Ebix Signs Agreement with Lenders Regarding Credit Facility
October 3, 2023Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it has signed an agreement with its Lenders, providing for a further period until November 15, 2023 for repayment of certain obligations under its Credit Facility, subject to certain conditions, while the Company pursues strategic alternatives.
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BXP Exercises $315.0 Million Accordion Feature Increasing Its Revolving Credit Facility Capacity to More Than $1.8 Billion
October 3, 2023BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has exercised a portion of the accordion feature under its existing revolving credit facility to increase the available borrowing capacity by an aggregate amount of $315.0 million, increasing the facility’s maximum borrowing capacity to $1.815 billion.
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