- Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
- Kent Outdoors Announces New $90 Million Credit Facility to Support Domestic Operations
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- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- Jones Day Names 33 new Partners
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Gordon Brothers Announces Leadership Transition
Gordon Brothers, the global advisory, restructuring and investment firm, is pleased to announce that Norma Kuntz will be appointed Chief Executive Officer of the company, effective February 13, 2023. Ken Frieze, the company’s current CEO, and Michael Frieze, the current Chairman, will continue to serve the company as Chairman and Chairman Emeritus, respectively. This transition maintains the continuity of established leaders, including Chief Investment Officer Frank Morton, and positions the organization for significant growth.
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(Editor’s Note: This is the beginning of a new interview series by Charlie Perer of SG Credit Partners.)
In this installment of our series of executive interviews, Charlie Perer sits with Ken Pardue to understand his plans to grow Triumph, the pace of change in the ABL business and state of the market, among other things.
TSL Express Daily Headlines & News
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Nick Battis Joins Associated Bank Commercial Banking Team
June 29, 2023Nick Battis has joined Associated Bank as vice president and relationship manager, commercial banking. He is responsible for managing, developing and growing a portfolio of middle market commercial clients by assisting them with unique financing solutions and utilization of efficient payments technology.
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Mayville Engineering Company Announces Upsized $250 Million Credit Facility
June 29, 2023Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it has entered into an amended and restated Credit Agreement led by Wells Fargo Bank. Under the terms of the amended and restated Credit Agreement, the total allowable borrowings under MEC’s credit facility have increased from $200 million to $250 million
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Old National Bank Launches in Metro Detroit Market
June 29, 2023Old National Bank celebrated the opening of its first Metro Detroit-area commercial banking office in June with a launch event at the Detroit Athletic Center. The event introduced the Metro Detroit team, as well as the ONB executive leadership team, to clients attending from in and outside of Detroit.
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Medalist Partners Closes $600 Million Asset-Based Private Credit Fund III
June 29, 2023Medalist Partners, an alternative investment management firm focused on private credit and structured credit, is pleased to announce the final closing of Medalist Partners Asset-Based Private Credit Fund III. The oversubscribed fund is closing with approximately $600 million of capital commitments, exceeding its target and nearly double the size of its predecessor Fund II.
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M&T Bank Announces Multiple Commercial Bank Leadership Appointments
June 29, 2023M&T Bank (NYSE:MTB) has announced a slate of leadership updates in its Commercial Bank which are designed to support its ongoing evolution and commitment to providing best-in-class support to its clients and communities.
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Citizens Appoints Peter Panos as South Region Executive
June 29, 2023Citizens has appointed Peter Panos as South Region Executive, succeeding Brian Peters, who is retiring. Panos, who is based in Atlanta, will report to Head of Corporate Banking Steve Woods and have responsibility for leading a team of senior bankers who serve as strategic and financial partners to Citizens clients across 14 states.
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Porter Capital Provides Heubach with a Multi-Million Dollar Working Capital Facility to Boost Liquidity and Competitive Advantage
June 29, 2023Porter Capital Corporation, a leading provider of working capital solutions, is proud to announce the successful completion of a financing agreement aimed at enhancing the liquidity and competitive positioning of The Heubach Group, a renowned global pigment producer. In January 2022, Heubach and a private investment firm, acquired Clariant Pigments, resulting in the creation of a major contributor in the pigment technology industry operating under the Heubach brand.
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Terryn Lawrence Named Chief Sustainability Officer, Rabobank North America
June 29, 2023Rabobank, a leading global food and agribusiness bank, today named Terryn Lawrence the Chief Sustainability Officer for North America. Lawrence brings over a decade of executive experience and recently served as Managing Director, leading key partnerships at Persefoni, a carbon management software platform that enables financial institutions and corporations to measure, manage and report their carbon emissions.
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Ascot Closes $14 Million Nebari Convertible Facility
June 29, 2023Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that pursuant to its News Release dated June 19, 2023, it has closed the US$14 million subordinated convertible credit facility (the “Nebari Convertible Facility”) with Nebari Gold Fund 1, LP (“Nebari”).
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Pathlight Capital Agents $135,000,000 Senior Secured Term Facility for Designer Brands Inc.
June 28, 2023Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $135,000,000 senior secured term facility for Designer Brands Inc., ("Designer Brands", "DBI" or the "Company"), one of the world's largest designers, producers, and retailers of footwear and accessories in North America.
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PeerStreet Files for Chapter 11 Bankruptcy Protection
June 28, 2023-Peer Street, Inc. and its affiliated companies (“PeerStreet”) announced that on Monday, June 26, 2023, they filed for protection under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Founded in 2013, PeerStreet was a platform for online investing in real-estate debt that enabled accredited investors, funds, and institutions
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National CineMedia Chapter 11 Restructuring Plan Confirmed by Court
June 28, 2023The movie theater advertising giant will strike a $55 million exit financing deal and the existing leadership will remain in place as part of a debt-for-equity deal agreed with lenders. Movie theater advertising giant National CineMedia has been cleared by a Texas court to emerge from Chapter 11 bankruptcy protection as part of a debt restructuring deal earlier agreed with key lenders.
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Blue Bridge Financial Extends and Upsizes Corporate Note to $20.0 Million
June 28, 2023Blue Bridge Financial, Inc. (“Blue Bridge” or the “Company”), a leading independent commercial equipment finance company, announced the successful upsizing and extension of its corporate notes to $20.0 million. These notes refinanced the Company’s $15.0 million corporate notes financing from January 2021.
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Leslie Berkoff, Theresa Driscoll Named To Lawdragon's 500 Leading U.S. Bankruptcy & Restructuring Lawyers For 2023
June 28, 2023Moritt Hock & Hamroff announced today that Leslie Berkoff and Theresa Driscoll, partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2023. The annual Lawdragon 500 Leading Lawyers in America is the most elite distinction in the profession, covering the best of the best in all practice areas.
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BHI Provides $90 Million Line of Credit to Yellowstone Real Estate Investments
June 28, 2023BHI, a full-service commercial bank, announced that it has closed a $90 million capital call line of credit facility for Yellowstone Real Estate Investments. The financing provides a one-year line of credit that the company will employ for ongoing property acquisitions.
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Aequum Capital Expands Existing Warehouse Line with the Addition of Wells Fargo & Company
June 28, 2023Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group. This new financing will further augment Aequum's significant equity base led by Castlelake, LP.
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Huntington Names Vijay Konduru Chief Marketing Officer
June 28, 2023The Huntington National Bank ("Huntington") has welcomed Vijay Konduru as executive vice president, chief marketing officer (CMO). In this role, Konduru will lead Huntington's marketing organization, overseeing the bank's marketing strategy and long-term vision.
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CIBC Innovation Banking Provides Growth Financing to KeyOps
June 28, 2023CIBC Innovation Banking announced today that it has provided growth financing to KeyOps, a Toronto-based insights and engagement platform that connects physicians to life science companies. KeyOps will use the funds to invest in product development and expansion into the US market.
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Texas Capital Launches Innovative Onboarding Technology Solution for Commercial Businesses
June 28, 2023Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, has announced the launch of Texas Capital Initio™, an internally developed, proprietary digital onboarding solution designed to revolutionize the commercial banking experience by simplifying and accelerating the process of opening an account.
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D'Aloia Joins CohnReznick as Financial Services Partner
June 28, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Danielle D’Aloia has joined the firm as a partner in its Financial Services practice. She brings more than 27 years of combined experience providing tax planning, compliance services, audit, and fund administration to investment management organizations and the alternative investments industry.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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