- FundCanna Secures up to $60,000,000 Credit Facility, Bryant Park Capital Serves as Financial Advisor
- HawkEye 360 Enters Into $125 Million Revolving Credit Facility
- Fortress Investment Group Leads Senior Secured Credit Facility for H.I.G. Capital’s Acquisition of International Aerospace Coatings
- CoreWeave Closes $3.1 Billion Loan Facility, Expanding Access to Public Markets for GPU-Backed Financing
- Commercial Finance Partners Closes Five Factoring Facilities in Five Days
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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Encina Lender Finance, LLC (ELF) announced today the promotion of Dan Avnir to Chief Commercial Officer. Dan had previously served as Managing Director, Originations.
In Dan’s new role, he will continue to lead ELF’s origination strategy across its commercial and consumer verticals. Dan will also lead ELF’s syndications strategy by managing the capital markets initiatives for various portfolio companies.
TSL Express Trending Story
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We’re excited to bring the secured finance community together live and in-person at SFNet’s 77th Annual Convention – Adapt. Renew. Grow. – on November 3rd-5th in Phoenix.
We recognize that there is a lot of uncertainty right now, so SFNet has instituted a no-risk registration policy* that gives you the flexibility to sign up today with an option to cancel your in-person attendance for any reason up to the day before the Convention. We’ll refund you the difference between our in-person cost and our virtual rate so you can easily convert to online attendance if anything changes between now and November 2nd.
TSL Express Daily Headlines & News
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Infor Nexus and LSQ Partner to Expand Supply Chain Finance Programs Across the Globe
October 11, 2023LSQ, a leading provider of working capital finance and payments solutions, and Infor Nexus [infor.com]™, the leading global supply chain platform and a division of Infor®, the industry cloud company, today announced an agreement that provides their network of suppliers access early payments through an LSQ FastTrack® supply chain finance program.
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Tecogen Announces Obtaining $1.5m Credit Facility
October 10, 2023Tecogen Inc. (OTCQX: TGEN) a leading provider of clean energy products and services, is pleased to announce the signing of a $1.5 million Credit Agreement provided by our directors John Hatsopoulos and Earl Lewis. The line of credit has no fees or interest unless drawn upon and matures 12 months from date of agreement.
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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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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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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.
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